Global rating agency, Fitch revises India's sovereign credit outlook to stable, from negative

Bringing cheer to the government, global rating agency, Fitch today revised India's sovereign credit outlook to stable, from negative. It also affirmed its BBB negative rating. The agency said, in a statement, that the revision of the outlook reflects the measures taken by the government to...

Govt to sell 9.33% stake in MMTC to raise 600 crore rupees

The government has decided to sell 9.33 per cent stake in Metals and Minerals Trading Corporation of India (MMTC) tomorrow. The Disinvestment Secretary Ravi Mathur said this while talking to reporters in New Delhi today. The base price has been fixed at 60 rupees apiece which will fetch the governme...

Govt to sell 9.33% stake in Metals & Minerals Trading Corporation of India tomorrow

The government has decided to sell 9.33 per cent stake in Metals and Minerals Trading Corporation of India (MMTC) tomorrow. The Disinvestment Secretary Ravi Mathur said this while talking to reporters in New Delhi today. The base price has been fixed at 60 rupees apiece which will fetch the governme...

Fitch revises India's sovereign credit outlook to stable from negative

Bringing cheer to the government, global rating agency, Fitch today revised India's sovereign credit outlook to stable, from negative. It also affirmed its BBB negative rating. The agency said, in a statement, that the revision of the outlook reflects the measures taken by the government to...

The country'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 today. He ...

Sensex declines 102 pts to close at new two-month low of 19,041

The Sensex at the Bombay Stock Exchange declined 102 points, or 0.5 percent, to close at a new two-month low of 19,041, today, as weak factory output and sticky inflation dented hopes of a rate cut by the Reserve Bank. The Nifty at the National Stock Exchange dropped 29 points, or 0.5 percent, to 5,...

ECB bond buying scheme challenged in German top court

Germany's highest court has opened a two-day hearing on a legal challenge to the European Central Bank's bond-buying programme unveiled last September to help struggling euro zone nations. The Federal Constitutional Court in Karlsruhe has to decide whether the scheme to buy soverei...

Sensex loses 40 points in afternoon trade; Rupee gains 21 paise vs dollar

The Sensex at the Bombay stock Exchange fell 91 points, or 0.5 per cent, to 19,052, ahead of domestic industrial output data, on continued selling by funds, amid weak regional bourses. Later, the Sensex trimmed it losses, and stood 40 points, or 0.2 percent in the red, at 19,103 in afternoon trade, ...

Sensex trims losses; 40 points up in afternoon trade

The Sensex at the Bombay stock Exchange fell 91 points, or 0.5 per cent, to 19,052, ahead of domestic industrial output data, on continued selling by funds, amid weak regional bourses. Later, the Sensex trimmed it losses, and stood 40 points, or 0.2 percent in the red, at 19,103 in afternoon trade, ...

Rupee firm in late morning trade; up 21p at 58.18 vs dollar

The rupee ruled firm in the late morning trade by gaining 21 paise to 58.18 rupees per dollar on fresh selling of dollars by banks and exporters amidst weak equity market. The rupee resumed higher at 58.20 rupees per dollar against the last closing level of 58.39 per dollar at the Interbank Foreign ...