Business

October 17, 2013 12:00 PM

Sensex gains marginally in late morning trade

Sensex at the Bombay Stock Exchange gained 14 points to 20,561 in late morning trade. Earlier the 30-share index recovered by nearly 33 points on fresh buying by funds and retail investors amid a firm trend on other Asian bourses following overnight gains on the US markets.The Nifty at the National ...

October 17, 2013 11:34 AM

Rupee gains 22 paise to 61.61 against Dollar in late morning trade

The rupee gained 22 paise to 61.61 per dollar in late morning trade today on selling of the US currency by banks and exporters amid hopes of more foreign capital inflows into equity market.The rupee resumed higher at 61.54 per dollar as against the last close of 61.83 at the Interbank Foreign Exchan...

October 17, 2013 11:34 AM

Sensex rises 33 points in early trade

The BSE benchmark Sensex recovered by nearly 33 points in early trade today on fresh buying by funds and retail investors amid a firm trend on other Asian bourses following overnight gains on the US markets. The 30-share index, which had lost over 59 points in the previous session, recovered by 0.16...

October 17, 2013 10:25 AM

NSEL money laundering case: ED grills ex CEO

Enforcement Directorate, ED officials yesterday grilled Anjani Sinha, former Managing Director and Chief Executive Officer of National Spot Exchange Limited, NSEL, in connection with a money laundering case related to the exchange.Earlier, on Monday, the ED had registered a preliminary inquiry repor...

October 17, 2013 10:11 AM

Rupee gains 21 paise to 61.62 against Dollar in early trade

The rupee appreciated by 21 paise to 61.62 in early trade at the Interbank Foreign Exchange market today on selling of US currency by exporters. Besides, a higher opening in the domestic equity market also supported the rupee. Meanwhile, the BSE benchmark Sensex recovered by nearly 33 points, or 0.1...

October 17, 2013 9:58 AM

Market regulator SEBI set for overhaul through Project Shikhar

Markets regulator SEBI is gearing up for a major overhaul of its role, functions and organisational structure under a Project Shikhar. It is also looking to re-define its vision, mission and value statements. The impending changes, for which an independent global consultant Oliver Wyman has been rop...

October 16, 2013 9:05 PM

Govt ready to take difficult decisions to check deficit: FM

Committing to contain fiscal and current account deficits, Finance Minister P Chidambaram has said that the government will not hesitate to take difficult decisions to keep them under check."The government is committed to the path of fiscal consolidation and has drawn red lines for the two ...

October 16, 2013 8:40 PM

US on brink of unprecedented debt default

The United States was today pushed to the brink of an unprecedented debt default as talks to end two- week-long shutdown collapsed. This prompted a top ratings firm to warn of a possible downgrade in the country's creditworthiness, which will have a cascading impact on the global economy.Fr...

October 16, 2013 8:39 PM

Reverse Mortgage Scheme extended till life of borrower

Reverse mortgage scheme has been extended till life of a borrower to make it more attractive to senior citizens. Earlier, the period of reverse mortgage loan was 20 years. The period starts from the date of signing the agreement by the mortgager and the approved lending institution. A notification b...

October 16, 2013 6:59 PM

US push to brink of unprecedented debt default

The United States was today pushed to the brink of an unprecedented debt default as talks to end two- week-long shutdown collapsed. This prompted a top ratings firm to warn of a possible downgrade in the country's creditworthiness, which will have a cascading impact on the global economy.Fr...

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