Business

October 27, 2013 11:54 AM

Total foreign investment in stock market reaches 85,336 Cr rupees

Overseas investors have pumped in more than 12,100 crore rupees in the Indian equity market since the beginning of this month amid easing concerns over the US tapering. According to the latest data available with market regulator Sebi, the total foreign investment in the stock market has thus reache...

October 26, 2013 6:18 PM

Odisha to come up on world map of natural gas business soon

Odisha will come up on the world map of natural gas business soon. A big terminal of LNG - Liquefied Natural Gas - will soon come up at Paradeep port. An agreement to set up the terminal was signed between GAIL and Paradeep Port in Bhuvaneshwar today. The State owned Gas Authoriy of India will set u...

October 26, 2013 1:09 PM

JP Morgan agrees to pay $5.1 bn to US regulator

The investment bank JP Morgan has agreed to pay 5.1 billion Dollars to the US mortgage regulator, over the banks sale of risky mortgage bank securities. They were a key factor in the collapse of the US Housing market in 2007. JP Morgan is still trying to settle with the justice department over simil...

October 26, 2013 12:29 PM

JP Morgan agrees to pay $5.1 bn to US regulator

The investment bank JP Morgan has agreed to pay 5.1 billion Dollars to the US mortgage regulator, over the banks sale of risky mortgage bank securities. They were a key factor in the collapse of the US Housing market in 2007. JP Morgan is still trying to settle with the justice department over simil...

October 26, 2013 12:27 PM

Forex reserves jump $1.9 billion to $ 281 billion

India's foreign exchange reserves shot up for a third week in a row, adding 1.9 billion dollars to touch 281.12 billion dollars in the week. In the previous week, the reserves had increased by 1.51 billion to 279.24 billion dollars. The Reserve Bank has said that Foreign Currency Assets, wh...

October 26, 2013 10:29 AM

Sensex down 42 points to close above 20,000 mark

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange declined 42 points, or 0.2 percent, to close at 20,684, on profit-booking by investors, amid falling Asian markets, Friday. The Sensex had lost 169 points in the previous three trading sessions. The Nifty at the Nationa...

October 26, 2013 10:29 AM

Rupee loses 21 paise to quote at 61.67 against Dollar

The rupee on Friday snapped its two-day gains against the dollar in late morning deals by losing 21 paise to 61.67 on fresh demand for the American currency from banks and importers. The Indian currency had resumed lower at 61.50 per dollar as against the last closing level of 61.46 at the Interbank...

October 26, 2013 10:28 AM

Sensex down 42 points to close above 20,000 mark

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange declined 42 points, or 0.2 percent, to close at 20,684, on profit-booking by investors, amid falling Asian markets, friday. The Sensex had lost 169 points in the previous three trading sessions. The Nifty at the Nationa...

October 26, 2013 9:45 AM

NSEL crisis: Mumbai police questions Jignesh Shah

The Mumbai police yesterday questioned Jignesh Shah, Chairman and Managing Director of Financial Technologies (India) Ltd. for his alleged role in the 5,600-crore rupee settlement crisis at the National Spot Exchange Limited, NSEL. Senior officials probing the matter said, Shah was questioned in the...

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