US spending cuts come into effect today;IMF warns of impact on global economy<br/>

Democrats and Republicans in the United States are blaming each other for a failure to avert 85 billion dollars of government&apos;s spending cuts which begin to come into effect today. The International Monetary Fund is warning that such cuts known as the sequester will hit global economic grow...

Sensex down 291 pts to close at 18,862

The Sensex at the Bombay Stock Exchange tumbled 291 points, or 1.5 percent, to close below the 19,000 mark, at 18,862, today, after the presentation of the Union Budget, and amid the monthly derivatives expiry. The Nifty at the National Stock Exchange slumped 104 points, or 1.8 percent, to 5,693.But...

Rupee up 26 paise at 53.60 against dollar

The rupee today gained 26 paise to 53.60 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters. Forex dealers said strengthening of euro against the dollar overseas and a higher opening in the equity market also supported the rupee. ...

Industry bodies welcome Union Budget

The Industry bodies FICCI and CII today welcomed the Union Budget presented by Finance minister P. Chidambaram. FICCI President Naina Lal Kidwai termed the measures announced in the budget as responsible and well managed. She also lauded efforts to contain the current account deficit and announcemen...

Union Budget 2013-14 Highlights

Sensex gives up initial gains, 176 points down in afternoon trade

The Sensex at the Bombay Stock Exchange rose 163 points, or 0.9 per cent, to 19,315 in early trade, today, ahead of the Union Budget, amid a firm global trend. But after the presentation of the budget the Sensex gave up all its initial gains, and stood 176 points, or 0.9 percent in negative territor...

Sensex trims initial gains;up 43 points in noon trade

Trimming its initial gains, the BSE benchmark Sensex was trading up by 43 points to 19,191 in noon trade.Earlier Sensex was up 163 points in morning deals ahead of presentation of Union Budget 2013-14 amid a firming global trend.Similarly, the wide-based National Stock Exchange Nifty index moved up ...

Oil rises in Asia on good US housing data

Oil prices rose in Asia today, supported by better-than-expected US housing data and durable goods orders in the United States. New York&apos;s main contract, light sweet crude for delivery in April gained 40 cents to 93.16 dollars a barrel and Brent North Sea crude for April delivery added 36 c...

Rupee up 26 paise aginst dollar at 53.60 against dollar

The rupee today gained 26 paise to 53.60 against the dollar in early trade at the Interbank Foreign Exchange on increased selling of the US currency by exporters. Forex dealers said strengthening of euro against the dollar overseas and a higher opening in the equity market also supported the rupee. ...

Sensex gains by nearly 163 points in early trade ahead of Union Budget

The BSE benchmark Sensex rose by nearly 163 points in early trade today ahead of Union Budget 2013-14 amid a firming global trend.The 30-share barometer gained by 0.85 per cent, to 19,315. The index had gained 137 points inthe previous session after pre-Budget Economic Surveyprojected a promising gr...