Inflation is still high : RBI Governor Subbarao

Ahead of the January inflation readings later this week, Reserve Bank Governor D Subbarao today said the price rise index which slowed to a three-year low of 7.18 per cent in December, is still high. The RBI Governor said this at a convocation of the RBI-promoted Indira GandhiInstitute of Developmen...

Sensex falls for the 8th straight day

Falling for the eighth straight session, the Sensex at the Bombay Stock Exchange lost 24 points, or 0.1 percent, to close at the year's low of 19,461, today. This is the longest losing streak for the Sensex since May 2011. The Sensex has now lost over 540 points in the last eight trading se...

Sensex down 7 pts in noon trade

The Sensex at the Bombay Stock Exchange fell 16 points, or 0.1 percent, to 19,468 in opening trade, this morning, on sustained selling by funds, in the absence of any cues from the regional markets. Later, the Sensex turned volatile, and after swinging between gains and losses, stood 7 points in neg...

MCX-SX becomes third full-fledged equity bourse in India

The MCX Stock Exchange (MCX-SX) benchmark index SX40 went live with its equity trading platform on both equities and equity derivatives today. MCX-SX became the third full-fledged equity bourse after BSE and NSE in the country. The bourse was formally launched by Finance Minister P Chidambaram on Sa...

Sensex gains over 14 pts in noon trade

The Sensex at the Bombay Stock Exchange gained 14.21 points in the late morning deals today. The 30-share barometer, which has lost 16 points to 19,468 in the morning session due to selling in FMCG, capital goods, refinery and technology sector stocks , gained 14.21 points to 19,498.98. The Nifty at...

Oil prices up in Asian trade

Oil prices were higher in Asian trade today on optimism that robust trade data from the US and China will augur well for energy demand. New York's main contract, light sweet crude for delivery in March was up 11 cents to 95.83 US Dollars and Brent North Sea crude for March delivery gained n...

Rupee falls 24 paise

The rupee today fell by 24 paise to 53.74 in early trade, continuing its downward march for the fourth straight session at the Interbank Foreign Exchange, due to continued dollar demand from importers. The domestic currency had lost 28 paise to end at an over one-week low of 53.50, due to sustained ...

Sensex down 16 pts in early trade

The Sensex today lost 16 points to 19,468 in early trade due to sustained selling by funds amid absence of any market moving factor from overseas. The 30-share barometer, which has lost over 520 points in the previous seven sessions, fell further by 16 points to 19,468 with FMCG, metal and power sec...

India's foodgrain export is likely to be worth around 40 billion US dollars in the current fiscal. Stating this to a news agency in Patna today, Union Minister of State for Agriculture Tariq Anwar said that foodgrains worth 20-25 billion US dollars have been shipped so far.The Minister said...

FM asks banks to improve operational efficiency to bring down interest rates

finance Minister P Chidambaram has asked banks to improve their operational efficiency to bring down interest rates. He was talking to SBI officials at its headquarters in Mumbai on Saturrday. He said, RBI recently lowered its key lending rates. Some banks have passed the benefit to borrowers, but m...