Business

March 22, 2013 6:08 PM

Sensex down 57 pts to close at 4 month low of 18,736<br/>

Posting its sixth straight day of losses, the Sensex at the Bombay Stock Exchange fell 57 points, or 0.3 percent, to close at a fresh four-month low of 18,736, amid weak global markets, today. The Sensex has now lost 835 points in the last six trading sessions. The Nifty at the National Stock Exchan...

March 22, 2013 5:40 PM

SAIL: Offer For Sale subscribed 98%, indicative price at Rs 63.07 per share

The truncated share sale by the government in SAIL today received bids for about 98 per cent of the offer size at the close of trading on stock exchanges. The indicative price was 63 rupees 7 paise apiece, that would fetch the exchequer 1,484 crore rupees from the disinvestment, as against the gover...

March 22, 2013 5:23 PM

Govt issues norms for setting up of NIMZs to give boost to Manufacturing Sector

The government today issued norms for setting up of National Investment and Manufacturing Zones (NIMZs) to give boost to Manufacturing Sector in the country. These zones will have number of benefits which also includes exemption from capital gains tax. The guidelines issued by Department of Industri...

March 22, 2013 2:27 PM

In bid to being down prices, banks asked not to grant gold purchase advance

Banks have been advised not to grant advance for purchase of gold in any form. This is to bring down the gold prices. Finance Minister P. Chidambaram informed the Lok Sabha today that the Reserve Bank has asked the banks to introduce the modified gold deposits scheme. The jewelers will keep getting ...

March 22, 2013 2:26 PM

In bid to being down prices banks asked not to grant gold purchase advance

March 22, 2013 2:25 PM

In bid to being down prices banks asked not to grant gold loan

March 22, 2013 2:18 PM

Govt nod for 12 FDI proposals worth over Rs2600cr

The government today approved 12 Foreign Direct Investment, FDI,proposals worth over 2609 crore rupees. The approval to the FDI projects were given on the recommendations of the Foreign Investment Promotion Board,FIPB, that had met on the 13th of last month. The approved projects include in areas of...

March 22, 2013 2:10 PM

In bid to being down gold prices banks asked not to grant advance for purchase

March 22, 2013 1:55 PM

Cash subsidy to be linked to AADHAR-bank accounts of LPG customers: MoS Petro

The government is considering a proposal to link transfer of cash subsidy to Aadhaar-linked bank accounts of LPG customers. Minister of State for Petroleum and Natural Gas Panabaaka Lakshmi said this in the Lok Sabha today. In a written reply, she informed the House that requests were received from ...

March 22, 2013 1:34 PM

Sensex in the red,down 49 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell 21 points, or 0.1 per cent, to 18,772 in early trade, today, on sustained selling by funds, amid falling regional markets. Later, the Sensex lost some more ground, to stand 49 points, or 0.3 percent in the red, at 18,744 in afternoon trade, a short while ...

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