Bankmen defer strike; Banks to function normally today

Banks will function normally today as public sector bank employees have deferred their proposed strike. This was disclosed by All India Bank Employees Association General Secretary CH Venkatachalam yesterday. He said, the strike was deferred following assurance from the government that there is no p...

RBI relaxes norms to raise funds from abroad<br/>

RBI relaxes norms to raise funds from abroad. The Reserve Bank today said in Mumbai now all types of companies can avail trade credit facility from overseas for import of capital goods. RBI further said that the contract period of 15 months for all trade credits has been relaxed to 6 months. All oth...

Pawar says, onion prices expected to fall sharply in next 10-15 days

Agriculture Minister Sharad Pawar has said that onion prices are expected to fall sharply in the next 10-15 days.Talking to reporters in New Delhi on the sidelines of an event today Mr Pawar told onion prices have shot up despite substantial increase in onion production to over 17 million tonnes (MT...

India's oil sector gearing up to meet energy challenges of future

India&apos;s oil sector is gearing up to meet the energy challenges of the future. Addressing a gathering of energy sector experts in at Gulf Intelligence energy Markets Forum in Dubai today, the Chairman and Managing Director of Indian Oil Corporation, R.S.Butola said that India is expanding it...

Iraq says, India remains top priority in terms of ensuring oil supplies<br/>

Rupee falls 15 paise to close at 62.75 against the dollar<br/>

At the interbank foreign exchange market, the rupee weakened 15 paise, to close at 62.75 against the dollar, on month-end demand from importers, and as the US currency strengthened overseas. Fresh capital outflows, and subdued local stocks also weighed on the rupee.

Sensex up 19 points to close at 19,920

Recovering from initial losses, the Sensex at the Bombay Stock Exchange ended with a small gain of 19 points, or 0.1 percent, at 19,920, today. The Nifty at the National Stock Exchange rose 3 points, to 5,892.But stock markets in Japan, China, Hong Kong, South Korea and Singapore declined between 0....

Sensex up by 19 points to close at above 19000 mark<br/>

The BSE Sensex ended with mild gains today, reversing a two-day losing streak, on value buying in beaten down rate-sensitive shares. Capital goods, auto, power and consumer durables stocks gained the most, while metal, PSU, TECk and IT stocks lost investors&apos; support. The S&amp;P BSE Sen...

Banks to function normally tomorrow

Banks will function normally as a section of public sector bank employees who threatened to go on strike from tomorrow have deferred it following assurance from the government that there is no plan for merger of banks at present. All India Bank Employees Association General Secretary, C H Venkatacha...

B'desh garment worker protest in Dhaka for minimum wages turns violent

Agitating readymade garment workers staged protests in the Bangladeshi capital Dhaka today demanding 8000 takas minimum monthly wages. Paying no heed to calls for joining work, thousands of workers demonstrated in Kuril area of the capital today, disrupting vehicular traffic, hurling stones, and for...