Business

September 4, 2013 9:23 AM

Raghuram Rajan to take over as RBI Governor tomorrow

Internationally renowned economist Raghuram Rajan will take over as the RBI Governor on Thursday and plunge straight into a fire-fight situation as the country battles a rapid fall in rupee, high inflation, low growth and burgeoning current account deficit (CAD). Fifty-year-old Rajan, a former chief...

September 4, 2013 9:21 AM

Sensex drops 651 points to close at 18,235

Snapping four days of gains, the Sensex at the Bombay Stock Exchange plummeted 651 points, or 3.5 percent, to close at 18,235, tuesday, amid rupee weakness. The Sensex had gained over 900 points in the previous four trading sessions. The Nifty tumbled 209 points, to 5,341. But stock markets in Japan...

September 4, 2013 9:21 AM

Govt nod for FDI proposals worth over Rs 992cr

The government has approved 17 proposals of Foreign Direct Investment, FDI amounting to over 992 crore rupees. The approval was based on the recommendations made by Foreign Investment Promotion Board in its meeting held on 29th July. The Smith & Nephew Private Limited, Singapore, Calyx Chemi...

September 3, 2013 9:16 PM

RBI tightens norms for disbursal of home loans<br/>

The Reserve Bank has tightened norms for disbursal of home loans. It asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of &quot;innovative&quot; housing financing schemes.

September 3, 2013 8:55 PM

Sensex drops 651 points to close at 18,235<br/>

Snapping four days of gains, the Sensex at the Bombay Stock Exchange plummeted 651 points, or 3.5 percent, to close at 18,235, today, amid rupee weakness. The Sensex had gained over 900 points in the previous four trading sessions. The Nifty tumbled 209 points, to 5,341. But stock markets in Japan, ...

September 3, 2013 5:23 PM

Sensex down 651 points to close at 18,234

Snapping four days of gains, the Sensex at the Bombay Stock Exchange plummeted 651 points, or 3.5 percent, to close at 18,235, today, on intense across-the-board selling pressure, and rupee weakness. The Sensex had gained over 900 points in the previous four trading sessions. The Nifty at the Nation...

September 3, 2013 5:01 PM

Sensex down 651 points to close at 18,234

Sensex dropped 651 points of 3.45 percent to close at 18,234.Earlier in the morning, however, the Sensex had gained 121 points, or 0.6 per cent, to 19,007, amid firm regional bourses. The Sensex had rallied almost 920 points in the previous four trading sessions.Stock markets in Japan, China, Hong K...

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