MSCI upgrades UAE & Qatar to emerging market status

MSCI upgrades UAE & Qatar to emerging markets

FI limit hiked by $5bn in govt securities

In an effort to increase overseas capital inflows to strengthen the rupee, the government has enhanced the limit for foreign investments in government securities by 5 billion US dollars with immediate effect. With the enhancement, the total limit of investments by foreign entities in government secu...

Oil down in Asia as US crude stockpiles gain

Oil prices fell in Asian trade today after a surprise uptick in US crude stockpiles, but losses were tempered by growing concerns over turmoil in Turkey. New York's main contract, light sweet crude for delivery in July, dropped 37 cents to 95.51 US Dollars a barrel and Brent North Sea crude...

Rupee falls 43 paise to 58.22 against dollar<br/>

After a day&apos;s relief, the rupee today fell by 43 paise to 58.22 against the dollar in early trade due to increased demand for the US currency from banks and importers amid a weak opening in local equities. The rupee had gained a whopping 60 paise to close at 57.79 against the dollar yesterd...

Sensex plunges over 225 points to below 19K mark in early trade

The BSE benchmark Sensex today fell over 225 points to plunge below the 19,000 mark in early trade led by over six per cent drop in Sun Pharma, after the pharmaceutical major and Israel&apos;s Teva agreed to pay 2.15 billion US Dollars patent infringement settlement to Pfizer and Takeda.Falling ...

The country&apos;s steel producity has increased to around 90 million tonnes in 2012 which was just 66 million tonnes in 2009. The Steel Minister Mr Beni Prasad Verma said this while chairing the meeting of the Parliamentary Consultative Committee attached to his Ministry in New Delhi on wednesd...

Oil prices slip in Asian trade

Oil prices fell in line with Asian equities on wednesday following the Bank of Japan&apos;s decision to hold off unveiling any fresh economic stimulus.New York&apos;s main contract, light sweet crude for delivery in July dropped 61 cents to 94.77 dollars a barrel and Brent NorthSea crude for...

Sensex down 102 pts to close at nearly two-month low of 19,041

Falling for the second straight day, the Sensex at the Bombay Stock Exchange declined 102 points, or 0.5 percent, to close at a nearly two-month low of 19,041,on wednesday, after weak factory output and sticky inflation data. The Nifty at the National Stock Exchange dropped 29 points, or 0.5 percent...

Sensex down 102 pts to close at nearly two-month low of 19,041

Falling for the second straight day, the Sensex at the Bombay Stock Exchange declined 102 points, or 0.5 percent, to close at a nearly two-month low of 19,041, today, after weak factory output and sticky inflation data. The Nifty at the National Stock Exchange dropped 29 points, or 0.5 percent, to 5...