Business

October 28, 2013 6:26 PM

Q-2 monetary policy: RBI hints at raising key rates

Reserve Bank Governor Raghuram Rajan today hinted at increasing the key rate at the second quarter monetary policy review tomorrow, citing urgency to anchor inflationary expectations. He said in Mumbai Macroeconomic risks still exist with some upward pressure on inflation and the possibility of fisc...

October 28, 2013 6:25 PM

CIAL to bid for Lucknow airport modernisation

Cochin International Airport Ltd., CIAL will participate in the bidding process of Lucknow airport modernisation. CIAL is prepared to submit proposal for 500 crore Rs. project there,said CIAL Managing Director V.J. Kurianat Kochi. The 850 crore Rs. second stage development work for Cochin Internatio...

October 28, 2013 5:33 PM

Sensex slips 113 points on investors' caution

Falling for the fifth straight session, the Sensex at the Bombay Stock Exchange declined 113 points, or 0.6 percent, to close at a nearly two-week low, at 20,570, today, on investors' caution ahead of Reserve Bank's monetary review policy. The Sensex had lost 211 points in the prev...

October 28, 2013 5:30 PM

FDI proposals worth 1,258 cr rupees cleared: Centre

Government today said it has cleared 13 FDI proposals worth 1,258 crore rupees. The government also referred Axis Bank's proposal for increasing foreign equity amounting to about 6,266 crore rupees for consideration of the Cabinet. The Foreign Investment Promotion Board, FIPB, in its meetin...

October 28, 2013 12:49 PM

Rupee gains 2 paise against dollar

The Indian rupee trimmed its initial gains against the American currency but was quoted still higher by two paise to 61.44 per dollar on mild selling of dollars by banks and exporters on the back of weakness of dollar overseas. The rupee resumed higher at 61.35 per dollar as against the last weekend...

October 28, 2013 12:15 PM

Sensex up 32 points in noon trade

The BSE benchmark Sensex was trading 32 points up at 20,715 points a shortwhile ago. The 30-share index rose nearly 77 points in early trade today. Stocks of realty, consumer durables, auto, capital goods and banking sectors led the recovery on emergence of buying by funds and retailers ahead of tom...

October 28, 2013 10:30 AM

Sensex up nearly 77 points in early trade

The BSE benchmark Sensex rose nearly 77 points in early trade today with stocks of realty, consumer durables, auto, capital goods and banking sectors leading the recovery on emergence of buying by funds and retailers ahead of tomorrow's second quarter monetary policy review by RBI.Snapping ...

October 28, 2013 10:29 AM

Rupee gains 6 paise against dollar

The rupee today gained 6 paise to 61.40 against the dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the US currency by exporters. Forex dealers said that strengthening of the euro against the dollar in overseas market on expectations that the US Federal R...

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