RBI allows FIIs to buy shares in IDFC

The Reserve Bank of India has lifted the restrictions placed on Foreign Institutional Investors, FIIs on purchasing shares of Infrastructure Development Finance Company, IDFC, as the foreign shareholding in the company has gone below the prescribed limit. FIIs are allowed to hold upto 54 per cent in...

Govt notifies changes in FDI policy

The government has notified changes in the FDI policy, paving the way for larger overseas investments in sectors such as multi-brand retail and telecom.Department of Economic Affairs Secretary Arvind Mayaram told reporters in New Delhi that it is effective from 22nd of last month.As per the revised ...

Crude oil price up by 112 dollars per barrel<br/>

Brent crude oil futures climbed above 112 dollars a barrel, while US crude added 61 cents, to 108 dollars a barrel.

Rupee appreciates by 46 paise against USD

Rising for the fifth straight day, the rupee appreciated 46 paise, to close at 63.38 against the dollar.

India, Japan to consider setting up of electronic township in New Delhi

India and Japan on Wednesday decided to look at the possibility of setting up a Japanese Electronics Manufacturing Township, JEMT in New Delhi. The township will help India reduce imports of electronic goods and contain trade deficit.Last year, India imported electronic goods worth 32 billion U.S. d...

Gold price falls Rs. 130 to Rs. 31, 240 per 10 grams<br/>

Gold fell Rs. 130, to Rs. 31,240 rupees per ten grams at Delhi&apos;s bullion market on Wenesday, on reduced offtake at existing higher levels, amid a weak global trend.Silver declined Rs. 720, to Rs. 52,610 per kilo, on lack of buying support from industrial units and coin- makers.But silver co...

Textile dept has potential to earn foreign exchange: Minister

Union Minister for Textiles, K. Sambasiva Rao has said the country is facing current account deficit as its exports are less than imports. He said textile department has lot of potential to earn foreign exchange.He said the total earning from export of textiles was 33 billion dollars, last year. Now...

Sensex ends flat<br/>

Snapping four days of gains, the Sensex at the Bombay Stock Exchange closed unchanged, at 19,997 on Wednesday, after the recent huge rally.The Sensex had advanced over 1,750 points in the previous four trading sessions. But the Nifty at the National Stock Exchange rose 16 points, or 0.3 percent, to ...

India, Japan approve infra projects to boost India's manufacturing capabilities

SEBI plans prompter enforcement, stronger insider trading norms

Market regulator SEBI plans to work towards a stricter and prompter enforcement regime using the latest technology and strengthen insider trading norms as it seeks to create an atmosphere of trust in the capital markets.SEBI has set up a 16-member committee to suggest new rules on insider trading, w...