Business

October 22, 2013 9:34 AM

Sensex closes at fresh three year high of 20,894

The Sensex at the Bombay Stock Exchange rose a marginal 11 points, or 0.1 percent, to close at a fresh three-year high of 20,894, after volatile trade, on monday. The Nifty at the National Stock Exchange climbed 16 points, or 0.3 percent, to 6,205. Stock markets in Japan, China, Hong Kong and Singap...

October 22, 2013 9:33 AM

Overall CAD will reduce to below USD70 bn : PMEAC chief Rangarajan

Chairman of the Economic Advisory Council to Prime Minister, C Rangarajan said on Monday that the Current Account Deficit, CAD will go down well below 70 billion US Dollars. Pointing out that in August and September, India's exports showed a double digit growth rate, Rangarajan said at an e...

October 21, 2013 9:19 PM

TARC holds its first meeting

Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, held its first meeting in New Delhi today. The Chairman of the Commission,Parthasarathi Shome told reporters after the meeting that TARC will submit its fi...

October 21, 2013 5:39 PM

Inclusion of petroleum products, liquor in proposed GST regime opposed

Several states today opposed inclusion of petroleum products and liquor in the proposed Goods and Services Tax (GST) regime, saying that this will severely affect their revenues. This came out at the meeting of the Empowered Committee of State Finance Ministers that deliberated the revised draft of ...

October 21, 2013 5:33 PM

Sensex closes at fresh three year high of 20,894

The Sensex at the Bombay Stock Exchange rose a marginal 11 points, or 0.1 percent, to close at a fresh three-year high of 20,894, after volatile trade, today. The Nifty at the National Stock Exchange climbed 16 points, or 0.3 percent, to 6,205. Stock markets in Japan, China, Hong Kong and Singapore ...

October 21, 2013 1:58 PM

Sensex slips over 60 points in noon trade

Giving up all its intial gains, the Sensex at the Bombay Stock Exchange stood 69 points, or 0.3 percent in negative territory, at 20,814 in afternoon trade, a short while ago. But earlier in morning trade, the Sensex had gained 58 points, or 0.3 per cent, to 20,940 on sustained capital inflows. Stoc...

October 21, 2013 12:11 PM

Sensex down 16 points in noon trade

Erasing its initial gains, the BSE benchmark sensex lost 16 points to 20,886 points a short while ago. It gained 58 points in early trade today on sustained capital inflows amid a firming trend in the Asian region.However, the National Stock Exchange index Nifty rose by 7 points to 6,195.

October 21, 2013 11:34 AM

Quake hits China early this morning

An earthquake measuring 4.9 on the Richter Scale hit China's Yecheng county of northwestern Xinjiang Uyugur region early this morning. China's national seismological network said the epicentre of the quake was at a depth of 100 kilometres. The quake struck at 3.45 a.m. local time. ...

October 21, 2013 11:34 AM

Rupee falls 26 paise against dollar

The rupee fell 26 paise to 61.53 against the US currency in the late morning trade on sustained dollar demand from importers and banks amid volatility in equity markets. The rupee resumed lower at 61.35 per dollar as against the last weekend's level of 61.27 at the Interbank Foreign Exchang...

October 21, 2013 10:21 AM

Rupee falls by 21 paise against dollar

The rupee fell by 21 paise to 61.48 in early trade today on the Interbank Foreign Exchange market. Forex dealers said, besides dollar gaining against other currencies in the global markets, increased demand for the American currency from importers also influenced the rupee.The rupee had lost 4 paise...

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