Business

August 6, 2013 6:23 PM

Raghuram Rajan new RBI Governor

Chief Economic Advisor Raghuram Rajan has been appointed as the new Governor of Reserve Bank of India. He succeeds incumbent D Subbarao who retires in September. Prime Minister Dr Manmohan Singh today approved the new Governor's appointment for a period of three-years. Mr Rajan had earlier ...

August 6, 2013 5:54 PM

Raghuram Rajan new RBI Governor

Chief Economic Advisor Raghuram G. Rajan has been appointed as the next Governor of the Reserve Bank of India. Prime Minister Manmohan Singh has approved appointment of Raghuram Rajan as Governor of RBI for a term of three years. Rajan, who will be the 23rd Governor of the central bank, will replace...

August 6, 2013 5:53 PM

Sensex down by 449 pts, trading below 19k

The Sensex at the Bombay Stock Exchange plunged 449 points, or 2.3 percent, to close below the 19,000-mark, at 18,733, on all-round selling, today, as the rupee dropped to a new all-time intra-day low against the dollar. The Nifty at the National Stock Exchange plummeted 143 points, or 2.5 percent, ...

August 6, 2013 5:40 PM

Sensex down by 449 pts, trading below 19k

The Sensex at the Bombay Stock Exchange plunged 449 points, or 2.3 percent, to close below the 19,000-mark, at 18,733, on all-round selling, today, as the rupee dropped to a new intra-day low against the dollar. The Nifty at the National Stock Exchange plummeted 143 points, or 2.5 percent, to 5,542....

August 6, 2013 4:40 PM

Sensex down by 449 pts, trading below 19k

The Sensex at the Bombay Stock Exchange plunged 449 points, or 2.3 percent, to close below the 19,000-mark, at 18,733, amid rupee weakness, today. The Nifty at the National Stock Exchange plummeted 143 points, or 2.5 percent, to 5,542.

August 6, 2013 10:46 AM

Rupee down 25 paise at 61.13 vs dollar

The rupee fell by 25 paise to 61 rupees 13 paise against the dollar in early trade today. This follows increased demand for the US currency from banks and importers, amid a weak opening in local equities. The domestic currency had recovered from all-time closing low to end 22 paise higher at 60 rupe...

August 6, 2013 10:45 AM

Sensex falls by 106 points in early trade

The Sensex at the Bombay Stock Exchange fell by 106 points to 19,076 in early morning trade today, on fresh selling in funds, amid a weak trend in the Asian region. The 30-share barometer had gained 18 points yesterday.The Nifty at the National Stock Exchange declined by 49 points to 5,636.In the As...

August 6, 2013 10:45 AM

No provisioning benefits if borrower seeks recast for second time: RBI

Reserve Bank of India (RBI) Deputy Governor Anand Sinha on Monday said that if banks were to restructure loans of troubled micro finance institutions for the second time, they will not get any benefits in terms of provisioning. Mr. Sinha said this on the sidelines of a function organised by Ficci in...

August 6, 2013 10:06 AM

No provisioning benefits if borrower seek recast for second time: RBI

Reserve Bank of India (RBI) Deputy Governor Anand Sinha on Monday said that if banks were to restructure loans of troubled micro finance institutions for the second time, they will not get any benefits in terms of provisioning. Mr. Sinha said this on the sidelines of a function organised by Ficci in...

August 6, 2013 9:55 AM

No provisioning benefits if borrower seeking recast for second time: RBI

Reserve Bank of India (RBI) Deputy Governor Anand Sinha on Monday said that if banks were to restructure loans of troubled micro finance institutions for the second time, they will not get any benefits in terms of provisioning. Mr. Sinha said this on the sidelines of a function organised by Ficci in...

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