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February 25, 2013 12:00 PM
The UK has lost its top AAA credit rating for the first time since 1978 on expectations that growth will remain sluggish over the next few years. The ratings agency Moody's became the first to cut the UK from its highest rating, to Aa1. Moody's said the government's debt r...
February 25, 2013 11:15 AM
Oil prices were down in Asia today as dealers awaited the outcome of the Italian elections that could weaken the eurozone's single currency. New York's main contract, light sweet crude for delivery in April, dropped 11 cents to 93.02 dollar a barrel and Brent North Sea crude for de...
February 25, 2013 10:37 AM
The rupee today appreciated by nine paise to 54.08 rupees against the US dollar on the Interbank Foreign Exchange (Forex) market in early trade on increased foreign fund flows amid firm local equities. Forex dealers said euro's gains against the American currency in the overseas market also...
February 25, 2013 10:35 AM
The BSE benchmark Sensex gained over 65 points in early trade today on buying by funds and retailers amid a firm Asian trend. The 30-share barometer rose by 65.88 points, or 0.34 per cent, to 19,382.89. The index had lost 325.74 points in the previous two sessions.Similarly, the wide-based National ...
February 24, 2013 2:20 PM
The Sensex at the Bombay Stock Exchange fell 8 points, to close at 19,317, on friday . The Nifty at the National Stock Exchange lost 2 points, to 5,850.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.
February 24, 2013 1:02 PM
The government has allowed Information Technology (IT) and IT Enables Services, special economic zones to set up disaster recovery centres outside their limits at any part of the country. The Commerce and Industry Ministry said the locations for such facilities will be approved by the development co...
February 22, 2013 7:53 PM
The Reserve Bank has released final guidelines for issue of licences to new banks in private sector. RBI says, entities or groups in private sector, public sector and Non-bank financial companies - NBFCs are eligible for seeking bank licence. RBI has set 49 per cent cap on foreign holding in new ban...
February 22, 2013 7:52 PM
The rupee appreciated 30 paise, to 54.17 against the dollar.Snapping a three-day losing streak, gold rose 280 rupees, to 30,000 rupees per ten grams in Delhi. Silver gained 450 rupees, to 55,000 rupees per kilo.
February 22, 2013 6:26 PM
The Sensex at the Bombay Stock Exchange fell 8 points, to close at 19,317, today. The Nifty at the National Stock Exchange lost 2 points, to 5,850.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.
February 22, 2013 5:57 PM
The Reserve Bank has released final guidelines for issue of licences to new banks in private sector. RBI says, entities or groups in private sector, public sector and Non-bank financial companies - NBFCs are eligible for seeking bank licence. RBI has set 49 per cent cap on foreign holding in new ban...
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