Business

January 13, 2013 7:14 PM

Foreign funds gross buyers of shares worth 25,458 crore rupees

Overseas investors have poured in a staggering 8,800 crore rupees in Indian equities in the first two weeks of this year. From 1 January 1 to 11th this month, Foreign funds were gross buyers of shares worth 25,458 crore rupees, while they sold equities amounting to 16,645 crore rupees, resulting int...

January 13, 2013 6:06 PM

Minority shareholders need to be given a say in board decisions: Pilot

The Corporate Affairs Minister Sachin Pilot has said that two-third of companies in India being family-owned. He said independent directors and minority investors need to play a stronger role in ensuring good corporate governance.Mr. Pilot said this in an interview to PTI that minority shareholders ...

January 13, 2013 6:04 PM

NRI deposits nearly double in 1st 8 months of 2012-13

Continuing rupee fall and higher interest rate have seen NRI deposits nearly doubling in the first eight months of 2012-13 to 11.2 billion dollars from 6.4 billion dollars a year ago, a Reserve Bank of India report said.

January 13, 2013 6:03 PM

Foreign funds gross buyers of shares worth Rs 25,458 crore

Overseas investors have poured in a staggering 8,800 crore rupees in Indian equities in the first two weeks of this year. From 1 January 1 to 11th this month, Foreign funds were gross buyers of shares worth 25,458 crore rupees, while they sold equities amounting to 16,645 crore rupees, resulting int...

January 13, 2013 11:56 AM

Excise dept detects tax evasion of Rs 362 cr from Chennai zone

The Chennai zonal unit of Central Excise Department has detected excise duty and service tax evasion of 362 crore rupees up to December in the current financial year.It recovered an amount of Rs 76.88 crore on the spot voluntarily from various evaders.

January 12, 2013 10:43 AM

US trade deficit widens in Nov

The US trade deficit widened in November, after a rise in the import of consumer goods. Figures from the Commerce Department showed that the gap widened by 16 per cent to nearly 49 billion dollars. The markets were expecting the deficit to shrink. The deficit was the widest recorded since April last...

January 11, 2013 5:21 PM

Sensex close unchanged at 19,664

The Sensex at the Bombay Stock Exchange closed unchanged, at 19,664, today. But the Nifty at the National Stock Exchange fell 17 points, or 0.3 percent, to 5,951. Stock markets in China, Hong Kong, South Korea and Singapore lost between 0.3 percent and 1.8 percent.

January 11, 2013 2:32 PM

Rupee gains six paise against dollar at 54.51 in late morning deals

The rupee was trading up by 6 paise to 54 rupees 51 paise against the dollar in late morning deals today on steady dollar selling by banks and exporters amid firm equities and weak US currency overseas.Earlier, the rupee resumed sharply higher at 54 rupees 40 paise a dollar. Later, some American cur...

January 11, 2013 1:57 PM

Industrial output contracts by 0.1 per cent in November 2012

Growth in the country's industrial output contracted by 0.1 per cent, a four-month low, in November 2012, year-on-year, due to poor performance of the manufacturing, mining and capital goods sectors. Industrial output, as measured by the Index of Industrial Production, had grown by 8.3 per ...

January 11, 2013 1:42 PM

Sensex pares initial gains; up by modest 40 points in afternoon deals

The Sensex at the Bombay Stock Exchange surged 176 points, or 0.9 per cent, to 19,840 in early trade, today, mainly on the back of a rally in IT stocks, after Infosys posted better-than-expected third quarter earnings. But the Sensex later pared its initial gains, to stand a more modest 40 points, o...

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