Business

April 26, 2013 5:49 PM

Sensex down 120 pts to close at 19,287

Snapping four days of gains, the Sensex at the Bombay Stock Exchange lost 120 points, or 0.6 percent, to close at 19,287, on profit-booking by investors, amid weak European markets, today. The Nifty at the National Stock Exchange fell 45 points, or 0.8 percent, to 5,871.Stock markets in Japan, China...

April 26, 2013 1:59 PM

Dedicated fund to promote grassroots innovation with social returns

The government proposes to set up a dedicated fund for promoting grass-roots innovations with social returns and modest economic returns. The Inclusive Innovation Fund would support enterprises developing innovative solutions primarily for citizens in the lower half of India's economic pyra...

April 26, 2013 1:56 PM

Public Sector Day: Prez asks CPSEs to upgrade tech to realize growth potential

President Pranab Mukherjee has asked the Central Public Sector Enterprises, CPSEs, to upgrade their technological models to realize their growth potential. Addressing a function on Public Sector Day this afternoon in New Delhi, Mr Mukherjee also asked the CPSEs to increase foreign cooperation throug...

April 26, 2013 1:47 PM

Takehiko Nakao, former Japan Vice Min for Finance is new ADB Chief

Takehiko Nakao, a former Japan vice minister for finance, has been elected president of Asian Development Bank, the Philippines-based lender announced today.Nakao, 57, replaces compatriot Haruhiko Kuroda, who stepped down last month to become governor of Japan's central bank.Nakao, a former...

April 26, 2013 1:34 PM

Sensex snaps 4-day winning streak by slipping 63 points

The Sensex at the Bombay Stock Exchange declined 51 points, or 0.3 per cent, to 19,356, in opening trade, this morning, as funds and retail investors booked profits after a recent strong rally, amid a mixed trend in the other Asian bourses. Later, the Sensex remained weak, and stood 63 points, or 0....

April 26, 2013 12:51 PM

Sensex slips by 87 points in afternoon trade

Sensex at the Bombay Stock Exchange declined by 87 points to 19,319 in afternoon trade as funds and retail investors booked profits after recent rally amid a mixed trend in the Asian region. Earlier Sensex dropped by 51 points in morning trade.Similarly, the wide-based National Stock Exchange index ...

April 26, 2013 12:01 PM

Rupee firms up by three paise to 54.19 agaisnt dollar

The Indian rupee firmed up further by three paise to 54.19 against the American currency in the late morning trade on persistent selling of dollars by banks and exporters in view of weakness of dollar overseas. Sustained capital inflows from foreign funds into equity market also boosted the rupee va...

April 26, 2013 12:01 PM

Sensex snaps four-day winning streak;slips 79 points in late morning trade

The BSE benchmark Sensex snapped its 4-day winning streak by slipping 79 points in the late morning trade on selling mainly in banking, IT, healthcare and FMCG sectors amid mixed Asian cues.The Sensex resumed lower at 19,376.00 and hovered in a range of 19,384.95 and 19,317.71 before quoting at 19,3...

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