Disinvestment target for next fiscal not less than current target: Chidambaram

The government is likely to fix disinvestment target for the next fiscal at not less than 30,000 crore rupees, the target for the current fiscal. Talking to reporters after addressing an investors meet in Hong Kong, Finance Minister P Chidambaram today said that he has not drawn up the size of next ...

Rupee opens near three-month high against US dollar after govt raises gold import duty

The rupee today gained 23 paise to 53 rupees 54 paise against against the US currency in late morning trade on fresh selling of dollars by banks and exporters driven by persistent capital inflows from foreign funds. Earlier,the rupee today opened stronger, at a near three-month high against the US d...

RBI directs urban co-op banks to extend interest subvention for exporters

With a view to encouraging exports, Reserve Bank of India, RBI has directed urban co-operative banks to extend interest subvention of 2 per cent for exporters in segments like handicraft, carpets,small and medium enterprises and certain engineering goods, by a year till March 2014. RBI in its notifi...

Sensex drops 120 pts to close at 19,982

Snapping three days of gains, the Sensex at the Bombay Stock Exchange dropped 120 points, or 0.6 percent, to close below the 20,000 mark, at 19,982, on profit-booking by investors, amid weak European markets, today. The Sensex had gained over 280 points in the last three trading sessions. The Nifty ...

India economic outlook to change for better in coming months: ASSOCHAM survey

Sensex trades flat in afternoon deals

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 20 points, or 0.1 percent in negative territory, at 20,082 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a gain of 27 points, or 0.1 per cent, at a new two-year high of...

Rupee opens near three-month high against US dollar after govt raises gold import duty

The rupee today gained 23 paise to 53 rupees 54 paise againstagainst the US currency in late morning trade on fresh selling of dollars by banks and exporters driven by persistent capital inflows from foreign funds. Earlier,the rupee today opened stronger, at a near three-month high against the US do...

Sensex in negative territory; Nifty also in the red after opening at two-year high

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 20 points, or 0.1 percent in negative territory, at 20,082 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a gain of 27 points, or 0.1 per cent, at a new two-year high of...

Sensex gains four points in afternoon trade;Nifty breaches 6100 mark

The volatile Sensex at the Bombay Stock Exchange was 4 points up in the afternoon deals. The 30-share index, which rose 36 points in the previous trade, was trading 4 points in the positive territory at 20,105, when reports last came in.Meanwhile, the National Stock Exchange's index Nifty t...

Sensex gains 25pts; at two-year high of 20,129 pts<br/>

The Sensex at the Bombay Stock Exchange rose by 25 points in early trade today, touching a new two-year high of 20,129 points. The rise was on sustained buying by funds, on strong third quarter earnings posted by corporates, amid a firming trend in the Asian region. The 30-share index had gained nea...