Business

August 23, 2013 9:38 AM

Sensex up over 400 points to close above 18,000 mark

Snapping a four-day losing streak, the Sensex at the Bombay Stock Exchange shot up 407 points--its biggest single-day gain in nearly two months--to close at 18,313, on value-buying in blue-chips, and amid rising European markets,on thursday. The Sensex had lost over 1,400 points in the past four tra...

August 22, 2013 8:35 PM

RBI: Adequate forex reserves to deal with rupee fall, widening CAD<br/>

The Reserve Bank has said it has adequate foreign exchange reserves to deal with the declining value of rupee and the widening current account deficit (CAD).Talking to reporters in New Delhi today, RBI Governor D Subbarao said recent measures taken to curb volatility of rupee would continue till sta...

August 22, 2013 7:31 PM

RBI to continue to take measures to curb volatility in exchange rate

The Reserve Bank of India will continue to take measures to curb volatility in the exchange rate, Governor D.Subbarao told reporters in New Delhi today. The central bank does not target a specific level of the rupee, said the RBI governor, adding the current economic situation requires structural me...

August 22, 2013 5:10 PM

Sensex up over 400 points to close above 18,000 mark

Snapping a four-day losing streak, the Sensex at the Bombay Stock Exchange shot up 407 points--its biggest single-day gain in nearly two months--to close at 18,313, on value-buying in blue-chips, and amid rising European markets, today. The Sensex had lost over 1,400 points in the past four trading ...

August 22, 2013 4:56 PM

Sensex recovers; surges almost 300 points in afternoon trade

Staging a smart recovery from initial losses, the Sensex at the Bombay Stock Exchange had surged 299 points, or 1.7 percent, to 18,205 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 76 points, or 0.4 percent, at 17,830, on continued selli...

August 22, 2013 2:34 PM

Vishakapatnam airport to get third passenger boarding bridge

A third passenger boarding bridge at the new airport at Visakhapatnam has been ordered. The Andhra Pradesh government had requested for this facility. Minister of State for Civil Aviation K.C. Venugopal gave this information in a written reply in the Lok Sabha today. He said the Airports Authority o...

August 22, 2013 2:22 PM

Rupee hits all-time low of 65.12 against Dollar in late morning trade

The rupee today tumbled further and hit an all-time low of 65.12 against the US currency in the late morning trade on persistent dollar demand from banks and importers in view of sustained capital outflows by foreign funds. The rupee resumed lower at 64.85 per dollar as against the yesterday&apo...

August 22, 2013 2:00 PM

DBT for LPG a success says Petro Ministry<br/>

The UPA government&apos;s Direct Benefit Transfer for LPG has been a resounding success with over 4.5 million direct cash transfers amounting to 187.65 crore rupees credited directly to LPG consumers&apos; bank accounts till the 20th of this month. The LPG subsidy cash tranfers have been cre...

August 22, 2013 1:52 PM

Sensex recovers; surges almost 300 points in afternoon trade

Staging a smart recovery from initial losses, the Sensex at the Bombay Stock Exchange had surged 299 points, or 1.7 percent, to 18,205 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 76 points, or 0.4 percent, at 17,830, on continued selli...

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