Automechanica-2013 fair for automotive industry gets underway in Dubai today

Trade Board to look into issues faced by Delhi traders: Shiela Dikshit

Delhi Chief Minister Sheila Dikshit on Monday decided to constitute a 'trade board' to look into various difficulties being faced by traders in the city.The decision to form the board was taken at a meeting she had with a delegation of traders.The traders raised several issues incl...

BSE to hold mock trading session to check trading system

The Bombay Stock Exchange will hold a mock trading session on Saturday to check its new trading system. In a circular on Monday, BSE said it would hold the trading session from 11 AM to 12:30 PM. The move is part of the BSE's efforts to provide its members with a robust and efficient system...

Rupee sinks by 109 paise, to an all-time low of 58.15 against US dollar

At the interbank foreign exchange market, the rupee sank by a staggering 109 paise, or 1.9 per cent, to a life-time closing low of 58.15 against the dollar on Monday. A confluence of negative factors, including heavy dollar demand, and slowdown in capital inflows put pressure on the rupee, which has...

RBI fines HDFC Bank, Axis & ICICI Rs 1 to 5 crore

The Reserve Bank on Monday imposed a fine of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs. 1 crore on ICICI Bank for violation of Know Your Customer KYC norms and anti-money laundering guidelines after inquiring into charges leveled by a online portal Cobrapost. The central bank said in...

Govt alert as rupee hits record low against dollar

The government is closely watching the situation after the rupee hit an all-time low against dollar. Talking to reporters on the sidelines of a function in New Delhi on Monday, Economic Affairs Secretary Arvind Mayaram said weakening of the rupee is consistent with depreciation of currencies of othe...

Sensex ends flat amid volatile trade

The Sensex at the Bombay Stock Exchange rose 12 points, or 0.1 percent, to close at 19,441, after volatile trade, as the rupee hit a record low against the dollar on Monday. But the Nifty at the National Stock Exchange declined 3 points, to 5,878.Stock markets in Japan, Hong Kong, South Korea and Si...

Gold price rises by Rs. 100 per 10 grams

Gold rose Rs. 100, to Rs. 28,100 per ten grams at Delhi's bullion market on Monday, on buying at lower levels, amid a firm trend in the Asian region. Silver gained Rs. 185, to Rs. 43,785 per kilo, on buying by industrial units and coin-makers. But silver coins lacked necessary follow-up sup...

Sensex up 69 pts in noon trade

Trimming its initial gains, the Sensex at the Bombay Stock Exchange stood 69 points, or 0.4 percent in positive territory, at 19,498, in afternoon trade, amid considerable volatility, a short while ago. Earlier in the morning, the Sensex had opened with a stronger gain of 137 points, or 0.7 percent,...

Rupee hits all time low of 57.77 losing 71 paise against dollar

The rupee today fell by a whopping 71 paise to hit a new life-time low of 57 rupees 77 paise in the late morning trade. Th fall comes after the persistent dollar demand from importers and and banks amid the US currency gaining overseas. The rupee which resumed lower at 57 rupees 18 paise against the...