Sebi orders attachment of over 50 bank accounts of MPS Greenery Developers Ltd for recovery of Rs 1,520 crore

Market regulator Sebi has ordered attachment of over 50 bank accounts of West Bengal-based MPS Greenery Developers Ltd for recovery of Rs 1,520 crore, along with applicable returns, collected from investors through illegal collective investment schemes. This order issued by Sebi today is the first d...

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, today. The Sensex had lost 169 points in the previous three trading sessions. The Nifty at the National...

India signs pact with World Bank for 2nd phase of UP Water Sector Restructuring Project

India has signed an agreement with World Bank for credit of 360 million US dollar for the second phase of Uttar Pradesh Water Sector Restructuring Project. The objective of the project is to support the State on capacity building of Water Users Association, rehabilitation and modernization of irriga...

Stability, inflation preconditions for Nepal growth projected at 4-4.5%: WB

Sensex slips over 30 points in afternoon trade

Remaining slightly weak, the Sensex at the Bombay Stock stood 34 points, or 0.2 percent in negative territory, at 20,692 in afternoon trade, a short while ago. Earlier, in morning deals, the Sensex had fallen 65 points, or 0.3 percent, to 20,660 on continued selling by funds, amid falling regional b...

Rupee loses 21 paise to quote at 61.67 against Dollar

The rupee today 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 For...

Sensex recovers ground ; down 40 points in late morning trade

Recovering some of its ground, the Sensex at the Bombay Stock Exchange fell 40 points to 20,684 points, a short while ago. Earlier, it was trading at 65 points down in morning deals.In a similar fashion, the wide-based National Stock Exchange index Nifty traded 17 points lower at 6,146. In the Asian...

Rupee loses 9 paise to quote at 61.55 vs Dollar

The rupee today lost 9 paise to 61.55 rupees against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas. Increased demand for the dollar from importers also put pressure on the rupee. The rupee had closed 1...

Sensex falls 65 points in early trade

The BSE benchmark Sensex today fell 65 points in early trade on sustained selling by funds and retail investors in auto, realty, capital goods and metal sector stocks. Falling for the fourth straight session, the 30-share index moved further down by 65 points to 20,660. In the past three sessions, S...

All financial regulators to finalize action plan for FSLRC implementation

Finance Minister P Chidambaram has asked regulatory bodies including SEBI and RBI to take all possible concrete measures to avoid any adverse impact on the Indian Economy. Tapering off of the Quantitative Easing, QE in the United States is likely to have a major impact on the economy in the coming t...