EXIM Bank Of India approves $155mn soft loan for Nepal projects

The EXIM Bank of India, has approved soft loan of 155 million dollars for Nepal for three projects. These projects are 36 million dollars for 32 megawatt Rahughat Hydro-power project, 90 million dollars for the 22 -kv Koshi Corridor Transmission Line project and 29 million dollars for the 132 kv Sol...

Sensex flat in afternoon trade

Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood just 2 points in positive territory, at 19,548 in afternoon trade, amid considerable volatility, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 62 points, or 0.3 percent, at 19,484...

Sensex down 10 points in afternoon trade

The Sensex at the Bombay Stock Exchange was down by 10 points to 19,535 in afternoon trade. Earlier, the 30-share barometer fell for the fourth straight day by losing nearly 62 points in opening trade due to sustained selling by funds amid a weak trend in other Asian markets.Similarly, the Nifty at ...

Rupee weakens by one paise at 56.45 against dollar

The rupee failed to maintain its initial gains against the American dollar and was quoted lower by one paisa to 56 rupees 45 paise per dollar in late morning trade on fresh dollar demand from banks and importers. The rupee resumed higher at 56 rupees 43 paise per dollar against the last closing leve...

Sensex declines 35 points in late morning deals

The Sensex at the Bombay Stock Exchange declined 35 points to 19510 in late morning deals. Earlier, the 30-share barometer fell for the fourth straight day by losing nearly 62 points in opening trade due to sustained selling by funds amid a weak trend in other Asian markets.Similarly, Nifty at the N...

Rupee rises 12 paise to quote at 56.32 against dollar

The rupee today rose by 12 paise to 56 rupees 32 paise against the dollar in early trade on continued selling of the US currency by exporters. The rupee had rebounded from 11-month lows to close with a hefty 32 paise gain at 56 rupees 44 paise against the US dollar in yesterday's trade on h...

Sensex loses 62 points in early trade

The Sensex at the Bombay Stock Exchange today fell for the fourth straight day by losing nearly 62 points in early trade due to sustained selling by funds amid a weak trend in other Asian markets. The 30-share barometer fell by 62 points to 19,484. The index had lost nearly 670 points in the previou...

Prez Obama moving to curb frivolous patent infringement lawsuits

The White House on Tuesday said that President Barack Obama is moving to curb what he views as frivolous patent infringement lawsuits.Officials said the President is imposing several changes in U.S. patent regulation and is also asking Congress to approve other reforms to help cut down on costly law...

Britain to spend $27mn to enhance safety & skills of B'deshi workers

Britain is to spend around 27 million dollars to improve the safety and skills of tens of thousands of Bangladeshi factory workers. The International Development Minister, Alan Duncan, who is on a visit to Dhaka, said the new programme will train low-skilled garment workers to improve overall produc...

Dabbawallahs' success mantra a big hit at Dubai Leaders' conf