Sensex down 280 points in noon trade

The Sensex at the Bombay Stock Exchange had lost 280 points, or 1.4 percent, to 19,447 in afternoon trade, a short while ago, as selling pressure intensified. Earlier in the morning, the Sensex had declined 142 points, or 0.7 percent, to 19,585, as funds and retail investors reduced positions ahead ...

Sensex falls 282 points in noon trade

Maintaining the downward trend, the Sensex at the Bombay Stock Exchange was trading 282 points in the negative zone at 19,445 in afternoon trade, a short while ago. The 30-share index, which had lost 167 points in the previous session, declined by over 142 points in early trade today.The Nifty at th...

Rupee 23 paise down against the dollar

The rupee trimmed its initial losses but was still 23 paise down to 62 rupees 74 paise against the dollar in late morning trade today. The fall was attributed to a month-end dollar demand from importers, amidst fall in the equity market. The domestic currency resumed lower at 63 rupees as against th...

Rupee falls by 40 paise against the dollar in early trade

The rupee fell by 40 paise to 62 rupees 91 paise against the dollar in early trade today. The fall came ahead of the June quarter current account deficit data, amid month-end demand for the American currency from oil importers. Meanwhile, the BSE benchmark Sensex fell by 142 points to 19,585.23.

Chidambaram: Duty of all banks to disburse loans to beneficiaries

Union Finance Minister P Chidambaram said that it is the duty of all banks to disburse loans to beneficiaries. Speaking at the opening of Bank of India branch at Madagupatti in Sivaganga Tamil Nadu today he said people should make utilise of bank loans for development. He urged women to come up in s...

India, China call for early conclusion of IMF quota reforms

India and China have called for early conclusion of IMF quota reforms. They gave the call in the joint statement issued at the end of sixth Financial Dialogue between the two countries in Beijing. The annual dialogue was held on wednesday and Thursday ahead of Prime Minister Dr.Manmohan Singh&ap...

Sensex down 167 points to close at 19,727

The Sensex at the Bombay Stock Exchange declined 167 points, to close at a 3-week low of 19,727 on Friday, on concerns about further interest rate hikes. The Nifty at the National Stock Exchange fell 49 points, to 5,833.

NALCO posts 4.75 % jump in sales turnover in 2012-13<br/>

Aluminium giant National Aluminium Company (Nalco) has posted 4.75 per cent jump in sales turnover at Rs. 6,809 crore in 2012-13. It has also plans for ambitious new ventures, expansion and diversification programmes. Speaking to media persons at Bhubaneswar, Nalco Chairman-cum-Managing Director (CM...

Govt introduces additional measures to improve exports<br/>

Chidambaram supports idea of 'priority sector lending' for export sector

Union Finance Minister Mr. P Chidambaram today said that he supports the idea of &apos;priority sector lending&apos; for export sector. Mr. Chidambaram was speaking to reporters in Mumbai after having a special interactive session with exporters.Mr. Chidambaram said that the finance ministry...