Business

September 17, 2013 2:11 PM

RBI tightens norms for loans against gold

The Reserve Bank of India has tightened norms for loans against pledge of gold jewellery. The objective behind the move is to keep demand of gold under check. In a notification, RBI said that in order to standardise the valuation and make it more transparent to the borrower, it has been decided that...

September 17, 2013 2:05 PM

Sensex drops over 30 points in afternoon trade

The Sensex at the Bombay Stock Exchange had lost 32 points, or 0.2 percent, to 19,710 in volatile afternoon trade, a short while ago. Earlier in the morning, the Sensex had declined 55 points, or 0.3 per cent, to 19,687 on profit-booking by funds and retail investors. Stock markets in Japan, China, ...

September 17, 2013 1:07 PM

IMF nod for Cyprus bailout package

The International Monetary Fund has approved the release of113.1 million US Dollars package for Cyprus to tackle its financial crisis. The decision was taken at the first review meeting of the Cyprus's performance under a three-year loan program with IMF and European Union. Cyprus has now r...

September 17, 2013 1:07 PM

Rupee falls by 60 paise to 63.43 vs Dollar

The rupee fell by 60 paise to 63.43 against the dollar in early trade today.The rupee yesterday added 65 paise to close at one-month high of 62.83. Meanwhile, the BSE benchmark Sensex fell by 55.25 points, to trade at 19,687.22 in early trade today. Also, the wide-based National Stock Exchange index...

September 17, 2013 1:06 PM

Sensex trading up 53 points in late morning trade

Recovering its earlier losses, Sensex was trading 53 points up at 19,795 points a short while ago. It fell over 55 points in early trade today on profit-booking by funds and retail investors as rising inflation faded hopes of a rate cut by the Reserve Bank of India. Sensex had gained 9.71 points in ...

September 16, 2013 8:41 PM

Inflation rises to 6.1 % in Aug compared to 5.79% in July

Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August. The inflation was at 5.79 per cent in July and 8.01 per cent in August, 2012. The highest increase was witnessed in case of onion which reported an increase of 245 per cent year on year. T...

September 16, 2013 8:39 PM

Gold price slides Rs. 200 per 10 gram

Falling for the fifth straight session, gold lost Rs. 200 to Rs. 30,100 per ten grams in Delhi. Silver plunged Rs. 1,220, to Rs. 49,530 per kilo.

September 16, 2013 8:39 PM

Crude oil future falls five-week low

Brent crude oil future fell to a five-week low under 109 dollars a barrel, while US crude lost 82 cents, to 107.39 dollars a barrel.

September 16, 2013 6:23 PM

Sensex ends flat amid rise in wholesale inflation

The Sensex at the Bombay Stock Exchange ended with a marginal gain of 10 points, or 0.1 percent, at 19,742, after volatile trade on Monday, amid a rise in wholesale inflation in August. But the Nifty at the National Stock Exchange declined 10 points, or 0.2 percent, to 5,841.Stock markets in Hong Ko...

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