Following the suggestions of the Central Government, Maharashtra cabinet has decided to revise the Maharashtra Money Lending (Regulation) Bill 2010, as the bill overlapped with provisions of many Union laws. The Centre had asked the State to reconsider the Bill as it covered several provisions of Ce...

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Central bank will take tough stance to bring down inflation: Rajan

Reserve Bank of India Governor Raghuram Rajan has said that inflationary expectations are high and the central bank will take a tough stance to bring it down to 5 per cent. In an interview to a TV channel, he attributed the high inflation to food, services and increasing rural wages. Mr Rajan said, ...

Sensex closes at all-time high of over 21,000

The Sensex at the Bombay Stock Exchange rose 105 points, or 0.5 percent, to an all-time closing high of 21,034, on heavy foreign fund inflows, amid expectations that the US Federal Reserve will keep its monetary stimulus in place. The Nifty at the National Stock Exchange gained 31 points, or 0.5 per...

Sensex up 105 points to close above 21,000 mark <br/>

The Sensex at the Bombay Stock Exchange rose 105 points, or 0.5 percent, to an all-time closing high of 21,034, on heavy foreign fund inflows, amid expectations that the US Federal Reserve will keep its monetary stimulus in place. The Nifty at the National Stock Exchange gained 31 points, or 0.5 per...

Gold drops 220 rupees

Extending its losses for the third straight day, gold dropped 220 rupees, to 31,710 rupees per ten grams at Delhi&apos;s bullion market, today, on sustained selling by stockists, amid sluggish demand, and a weak global trend. But silver gained 510 rupees, to 50,100 rupees per kilo, on increased ...

Sensex up by 68 points in afternoon trade

Paring some of its initial gains, the Sensex at the Bombay Stock Exchange stood 68 points, or 0.3 percent in positive territory, at 20,997 in afternoon trade, a short while ago. Earlier, in morning deals, the Sensex had climbed 100 points, or 0.5 percent, to trade above the 21,000-level, at 21,029 o...

Sensex trims its initial gain, still up by 55 points

The Sensex at the Bombay Stock Exchange which crossed the 21,000 level in early trade trimed its initial gains but was still quoted higher at 55 points to trade at 20,984 in afternoon deals. The gain came on the back of persistent capital inflows coupled with higher global cues.The 30 share index Se...

Rupee down by 20 paise against dollar

The rupee dropped by 20 paise to 61 rupees 51 paise against the dollar in late morning trade today on month-end demand for the US currency from importers amid steady greenback in overseas market. The domestic currency resumed lower at 61 rupees 40 paise as against the last closing level of 61 rupees...

Sensex trims initial gains, still up by 61 points

The Sensex at the Bombay Stock Exchange which crossed the 21,000 level in early trade trimed its initial gains but was still quoted higher at 61 points to trade at 20,990 a short while ago. This gain came on the back of persistent capital inflows coupled with higher global cues.The 30 share index Se...