Business

June 9, 2013 12:58 PM

RBI to publish paper on banking structure, says Subbarao

Reserve Bank of India will come out with a paper on the banking structure in the country discussing issues like consolidation even as it prepares to issue new bank licences after a decade. RBI Governor D Subbarao told the media that, enforcement agencies and tax authorities will be involved before i...

June 8, 2013 6:43 PM

Govt constitutes panel to assess competitiveness of financial sector

Government has constituted a Standing Council of Experts to assess global competitiveness of the Indian Financial Sector.The Council to be headed by the Secretary, Department of Economic Affairs will examine various pecuniary and non-pecuniary transaction costs and burden of doing business in the In...

June 7, 2013 5:36 PM

Sensex down by 90 points

Erasing all its early gains, the Sensex at the Bombay Stock Exchange declined 90 points, or 0.5 percent, to close at a fresh one-month low of 19,429, amid falling regional markets, on Friday. The Nifty at the National Stock Exchange fell 40 points, or 0.7 percent, to 5,881.Stock markets in Japan, Ch...

June 7, 2013 4:50 PM

Oil prices mixed in Asian trade

Oil prices were mixed in Asia on Friday as dealers await the release of crucial US jobs data later in the day. New York's main contract crude for delivery in July, dropped five cents to 94.71 dollar a barrel and Brent North Sea crude for July added seven cents to 103.68 dollar.

June 7, 2013 2:36 PM

Rupee up 15 paise at 56.69 against dollar

The rupee recovered by 15 paise to 56.69 in early trade today at the Interbank Foreign Exchange on dollar selling by exporters and some banks. A weakening dollar against euro and yen in the global market ahead of the release of US employment data for May and the European Central Bank and the Bank of...

June 7, 2013 2:31 PM

India, Myanmar to strengthen co-operation in telecom & IT sectors

India and Myanmar today resolved to strengthen bilateral cooperation in telecom and IT sectors. The issue came up for discussion between Commerce and Industry Minister Anand Sharma and Myanmar's Communications and IT Minister U Myat Hein in Nay Pyi Taw. An official release issued in New Del...

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