Sensex loses 242 points in afternoon trade

Erasing all its intital gains, the Sensex at the Bombay Stock Exchange stood 242 points, or 1.3 percent in negative territory, at 19,051 in afternoon trade, a short while ago, even as the Reserve Bank unveiled its mid-quarter monetary policy review. At one stage, the Sensex had slipped below the 19,...

Mid-quarter monetary policy review:RBI reduces key repo rate by 25 basis points

In its mid-quarter policy review today, the Reserve Bank of India (RBI) decided to reduce the key repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 6.5 per cent and the marginal standing facility (MSF) rate a...

Plan Panel Chief welcomes RBI benchmark policy rate cut

Planning Commission Deputy Chairman Montek Singh Ahluwalia has welcomed RBI's cut in its benchmark policy rate by 25 basis points. He said he was glad that the RBI has signaled continuing reduction of rate. Talking to reporters on the sidelines of a function in New Delhi today, Mr Ahluwalia...

Mid-quarter Monetary Policy Review:RBI reduces repo rate by 25 basis points

Sensex trims initial gains;drops 298 points in late morning deals

Trimming its initial gains, the Sensex at the Bombay Stock Exchange dropped by 298 points to 18,994 in late morning deals. Earlier Sensex gained over 85 points in opening trade as funds and investors made fresh buying ahead of RBI policy meeting amid a firm trend in other Asian bourses.Similarly, th...

Sensex gains over 85 points in early trade

The BSE Sensex today gained over 85 points in early trade as funds and investors made fresh buying ahead of RBI policy meeting amid a firm trend in other Asian bourses. The 30-share barometer rose to around 19,379, led by stocks of realty, auto and banking sectors. The Sensex had lost over 277 point...

Cargo trade development activities to be improved:Civil Aviation Min

The Civil Aviation Ministry has decided to improve facilities for cargo trade development activities in the country. Declaring this at the inauguration of international cargo complex at the Mangalore airport, Civil Aviation Minister Ajit Singh said today said the Airport Authority of India has strat...

Cyprus bailout:Euro Fin Mins call for exempting small investors from savings levy

Finance Ministers from the eurozone have asked Cyprus to reduce the burden on small investors from a proposed levy on savings, linked to a bailout. Plans for a one-off tax of 6.75 percent on savings up to 100,000 euros have outraged Cypriots. Banks in Cyprus are to remain closed until Thursday as ef...

Accept & clear all residual non-CTS-2010 cheques till 31st July:RBI to banks

RBI has asked banks to accept and clear all residual non-CTS-2010 cheques till 31st July this year. In a notification issued from Mumbai on Monday, RBI says that banks should make efforts to withdraw non-CTS-2010 standard cheques in circulation before this extended timeline by creating awareness amo...

Crude oil future dips 108 dollars per barrel

Crude oil futures dropped towards 108 dollars a barrel, on Monday, as stock markets tumbled and the dollar strengthened, after an unusual bank bailout proposal for Cyprus threatened to trigger fresh turmoil in the euro zone.News that Cyprus would have to tax depositors as part of the bailout plan sp...