Sensex up by 46 pts in noon trade

The Sensex at the Bombay Stocks Exchange is up by 46 points to 18,882 in later early trade. In morning session 30-share index gained 84 points on increased buying by funds as well as retail investors at prevailing levels.The broad-based National Stock Exchange index Nifty rose by over 17 points, to ...

Oil prices down in Asia

Oil prices eased in Asia today. New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in May, shed 39 cents to 96.84 US Dollars a barrel and Brent North Sea crude for May dropped 22 cents to 109.80 US Dollars in mid-morning trade.Prices had pushed up for the...

Sensex up 84 pts in early trade

Starting the new fiscal on a positive note, the BSE Sensex today gained 84 points in early trade on increased buying by funds as well as retail investors at prevailing levels.The 30-share index rose by 84 points, or 0.44 per cent, to trade at around 18,920, with sectoral indices led by oil and gas, ...

Govt's warning yields results, service tax collection jumps 44% in Feb

The government's stern warning to service tax evaders appears to have yielded results with the collection rising to 10,453 crore rupees in February. Disclosing this, a senior finance ministry official said, this is 44 per cent more than collections in the previous month. The revenue departm...

Finance Ministry asks PSU banks to limit loan write-offs

The Finance Ministry has asked public sector banks to limit the amount of loan write-offs and sought details of recoveries made by them in the six years ending 2011-12 with an aim to improve the finances of PSU lenders. It has also asked the banks to ensure that the amount written off by banks as ba...

Prices of gold, silver falls

The prices of both gold and silver fell today due to sluggish demand amid absence of any market moving factor from the global front.While gold fell by Rs 130 to Rs 30,070 per 10 grams, silver lost Rs 700 at Rs 53,500 per kg on reduced offtake by jewellers and industrial units.

IMF: Proposal of BRICS development bank to address infrastructure gap in developing countries

The International Monetary Fund, IMF, has said it is following with "great interest" the recent announcement by leaders of the BRICS countries Brazil, Russia, India, China and South Africa to establish a development bank. IMF spokesperson Gerry Rice told a news conference in Washin...

India's external debt rise over $376 bn as of Dec end last year

India's total external debt rose to 376.3 billion US Dollar as of December end last year, up by 8.9 per cent since March on account of long-term and short-term components. An official statement said, increase in long-term debt, which accounted for 75.6 per cent of total external borrowings,...

Nepal, World Bank to redouble efforts to improve performance of Bank financed projects

IMF: Following announcement by leaders of BRICS countries to establish development bank with "great interest"

The International Monetary Fund, IMF, has said it is following with "great interest" the recent announcement by leaders of the BRICS countries Brazil, Russia, India, China and South Africa to establish a development bank. IMF spokesperson Gerry Rice told a news conference in Washin...