Rupee gains 14 paise against dollar

The rupee rose by 14 paise to 53 rupees 80 paise against the dollar in early trade today, on fresh selling of the US currency by exporters, amid sustained foreign capital inflows. The domestic currency had lost 13 paise to close at 53 rupees 94 paise against the foreign currency in the last session ...

Sensex up 39 pts in early trade

The Sensex at the Bombay Stock Exchange rose by 39 points in early trade today, on fresh buying by funds as well as retail investors in select stocks. The 30-share index had lost 160 points in the previous session. The Nifty at the National Stock Exchange index rose by 10 points to 5,954. In the Asi...

ADB to provide about $6 bn loan to India over next 3 years

The Asian Development Bank said it will provide about 6 billion dollars loan to India over the next three years, even as the multilateral lender stated it is facing the challenge of raising resources. On the concluding day of the 46th annual meeting of the funding agency in the outskirts of Delhi to...

Sensex down 160 pts to close at 19,576

FDI policy now more investor friendly: MoS Finance

The government has further liberalized and rationalized the Foreign Direct Investment Policy to make it more investor-friendly. This information was given by Minister of State for Finance, Namo Narain Meena in a written reply in the Lok Sabha today. He said the government has also set up Invest Indi...

Voluntary Compliance Encouragement scheme to cover service tax evaders

The government has decided to introduce the Voluntary Compliance Encouragement Scheme 2013 to cover service tax evaders. To boost the collection of service tax, surveys have been conducted to identify potential payers who have otherwise been evading service tax. Finance Minister P. Chidambaram infor...

RBI reduces repo rate by 25 basis points; keeps CRR unchanged

Sensex slips 150 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell 84 points, or 0.4 per cent, to 19,652 in opening trade, this morning, as funds and investors sold stocks ahead of the Reserve Bank's credit policy announcement. Later, after the RBI's policy announcement, the Sensex lost considerably mor...

RBI reduces repo rate by 25 basis points; keeps CRR unchanged

RBI cuts key short-term lending rate by 0.25%;CRR unchanged at 4% ;GDP growth pegged at 5.7%