Sensex up 33 points in aftrnoon trade

Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood 33 points, or 0.2 percent in positive territory, at 20,246 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 51 points, or 0.3 per cent, at 20,162. The Sensex had ...

EU warns of probe against Chinese telcos on subsidies for cheap equipment

The EU has warned that it may investigate claims that Chinese telecom firms have been paid subsidies, allowing them to flood markets with cheap equipment. The EU fears that illegal payments may be helping firms such as China's Huawei Technologies and ZTE, at the expense of European producer...

Sensex gains 19 points in afternoon deals

Paring early losses, the BSE benchmark Sensex gained 19 points to trade at 20,232 points, a shortwhile ago. Fresh buying mainly in the healthcare, banking, capital goods, refinery and realty sectors on the back of firm global cues helped sensex recover early losses.The NSE Nifty also moved up by 17 ...

RBI to issue inflation-linked bonds to attract household savings

The Reserve Bank of India, RBI has announced that it will launch inflation-linked bonds every month to attract household savings of up to 15,000 crore rupees this fiscal so as to discourage investments in gold. The central bank said, in consultation with Government of India, RBI has decided to launc...

Sensex pares losses,rises 39 points at noon to cross 20K

Paring early losses, the BSE benchmark Sensex gained 39 points to trade at 20,252 points a shortwhile ago. Fresh buying mainly in the healthcare, banking, capital goods, refinery and realty sectors on the back of firm global cues helped sensex recover early losses.The NSE Nifty also moved up by 18 p...

Rupee gains 10 paise to 54.68 against dollar<br/>

The rupee today rose by 10 paise to 54.68 against the dollar in early trade at the Interbank Foreign Exchange today on increased selling of the US currency by exporters and banks. The rupee had gained three paise to close at 54.78 inprevious session on rally in equities amid signs of massive capital...

Sensex falls nearly 51 points in early trade

The BSE benchmark Sensex today fell by nearly 51 points in early trade as funds and retailinvestors booked profits after recent gains, amid a mixed trend in other Asian markets. The 30-share barometer declined by 51 points to 20,162. The index had gained 521 points in the previous two sessions. Stoc...

Set top box must in MP cities after court vacates stay on its installation

In Madhya Pradesh, the state high court has vacated the stay on installation of set-top boxes in Indore , Bhopal and Jabalpur . A division bench comprising acting chief justice K K Lahoti and justice M A Siddiqui vacated the stay granted on 15th April this year to the execution of the Ministry of In...

Prez Obama accepts IRS chief's resignation after condemning agency's 'miconduct'

President Obama said, the Treasury Secretary has sought and accepted the resignation of the acting Commissioner of the Internal Revenue Service, Steven Miller. It follows a Government report that the tax collecting agency had targeted conservative groups for additional scrutiny. Mr Obama condemned t...

India-Lanka FTA handbook released in Colombo