RBI constitutes committee to scrutinize applications for new banking licences

The US and European Union defer negotiations for a free trade deal following US government shut down

As a fall out of the partial government shut-down in the United States, negotiations for a free trade deal between the US and Europe have been postponed, US officials have confirmed that the talks, which were due to be held next week, have been put on hold.The deal was to be thrashed out in Brussels...

Rupee up 29 paise to 61.44 against the dollar

Gaining for the third day in a row, the rupee appreciated 29 paise, to 61.44 against the dollar. The rupee resumed lower at 61.85 per dollar as against the yesterday's closing level of 61.73 at the Interbank Foreign Exchange Market on mild dollar demand from some banks.

Forex reserves fall by $1.12 bn to $276.26 bn

The Reserve Bank said today that forex reserves fell by 1.12 billion dollar to 276.26 billion dollar in the week to September 27. The reserves had jumped 2.03 billion dollar to 277.38 billion dollar in the previous week.The apex bank said foreign currency assets declined by 1.29 billion dollar to 24...

Sensex gains 14 points to close above 19k

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained a marginal 14 points, or 0.1 percent, to close at a nearly two-week high of 19,916, after volatile trade, today. The Sensex had gained 522 points in the previous two trading sessions. But the Nifty at the National ...

Sensex gains 14 points to close at 19,916

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained a marginal 14 points, or 0.1 percent, to close at a nearly two-week high of 19,916, after volatile trade, today. The Sensex had gained 522 points in the previous two trading sessions. But the Nifty at the National ...

Largest collection of trend-setting watches, jewellery on display at Mid East Expo

Sensex gains 90 points in afternoon trade<br/>

Maintaining its initial gains, the Sensex at the Bombay Stock Exchange stood 90 points, or 0.5 percent in positive territory, at 19,992, amid volatile trade, a short while ago. Earlier, in morning deals, the Sensex had added 61 points, or 0.3 percent, to 19,963, with auto, consumer durables, IT and ...

India is largest recipient of foreign remittances: World Bank report

India has once again emerged as the largest recipient of foreign remittances. Non-Resident Indians or NRIs sent a record 71 billion dollars home compared to 70 billion dollars last year. According to a Word Bank report on recent trends and outlook on Migration and Remittance Flows, NRIs are estimate...

Sensex gains 66 points in afternoon trade

The BSE benchmark Sensex rose 66 points to trade at 19,968 in afternoon deals today. Earlier, it gained 61 points in opening trade. The wide-based National Stock Exchange index Nifty moved up 19 points to 5,929.