Priority for NBFCs in bank licenses : Chakrabarty

India will give non-banking financial companies (NBFCs) priority when awarding new commercial banking licenses as they already own an existing network of financial services in the country. Central bank deputy governor K.C. Chakrabarty informed this on Wednesday. Reserve Bank of India had said in Jul...

India's exports grew 11.15 percent in September and imports declined 18.1 percent, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to 27.68 billion US Dollars , while imports stood at 34.4 billion US Dollars. This has reduced the trade gap to 6.76 billi...

India's exports grew 11.15 percent in September and imports declined 18.1 percent, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to 27.68 billion US Dollars , while imports stood at 34.4 billion US Dollars. This has reduced the trade gap to 6.76 billi...

Sensex surges 266 points to close above the 20,000-mark

The Sensex at the Bombay Stock Exchange surged 266 points, or 1.3 percent, to close above the 20,000-mark, at 20,249, on Wednesday, after the trade deficit narrowed to its lowest level in 30 months. The Nifty at the National Stock Exchange jumped 79 points, or 1.3 percent, to 6,007.Stock markets in ...

India's exports grew 11.15 percent in September and imports declined 18.1 percent, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to 27.68 billion US Dollars , while imports stood at 34.4 billion US Dollars. This has reduced the trade gap to 6.76 billi...

Afghanistan inks pact with int'l energy consortium for oil exploration in country

Afghanistan government has signed an oil exploration and production contract with an international consortium of energy companies for two blocks in the Afghan-Tajik oil and gas basin in northern part of the country. A press release issued by the Afghan Mines and Petroleum Ministry in Kabul yesterday...

Sensex gains over 120 points; climbs above 20K mark

Recovering smartly from initial losses, the Sensex at the Bombay Stock Exchange had gained 123 points, or 0.6 per cent, to climb above the 20,000-mark, at 20,107, in afternoon trade, a short while ago. But earlier in the morning, the Sensex had declined 135 points, or 0.7 percent, to 19,848 after th...

Bharti-Walmart split; to stay independently in Indian retail sector

Ending speculation over the future of their partnership, Bharti Enterprises and Wal-Mart Stores Inc. said today that they are going their separate ways for operations in the Indian retail sector. Subsequently, the US retail major will buy out the Indian partner from their 50:50 wholesale cash and ca...

Rupee quoting down 39 paise at 62.18 vs Dollar

In line with the equity market, the rupee trimmed early losses and was quoted down 39 paise to 62.18 against the Dollar on demand from banks and importers for the US currency as it strengthened overseas. The rupee resumed lower at 62.07 per dollar as against the previous close of 61.79 at the interb...

Sensex gains 59 points in late morning deals

The Sensex at the Bombay Stock Exchange gains 59 points to 20,042 points in late morning deals.The wide-based National Stock Exchange index Nifty rose 25 points to 5,953. In the Asian region, Japan's Nikkei was up by 0.44 per cent, while Hong Kong's Hang Seng index shed 0.62 per ce...