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December 8, 2012 10:32 AM
Securities and Exchange Board of India, SEBI has proposed a strict oversight mechanism for brokers and other market intermediaries to cover the risks posed by their business activities on investors and the overall market. The regulator has also asked various stock exchanges to establish an "...
December 7, 2012 4:56 PM
Snapping three days of gains, the Sensex at the Bombay Stock Exchange fell 63 points, or 0.3 per cent, to close at 19,424, today, on profit-booking by investors, even as the government won the vote on FDI in multi-brand retail in the Rajya Sabha. The Sensex had gained 182 points in the last three tr...
December 7, 2012 3:09 PM
Giving up all of its initial gains, the Sensex at the Bombay Stock Exchange stood 38 points, or 0.2 percent in negative territory, at 19,449 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a gain of 75 points, or 0.4 per cent, at 19,562, on optimism...
December 7, 2012 1:54 PM
Companies with a turnover of one hundred crore rupees are allowed to establish new technical institutions in engineering, pharmacy, architecture and town planning and hotel management. This informationwas given in a written reply in the Rajya Sabha today by Human Resource Development Minister M M Pa...
December 7, 2012 1:50 PM
Union Finance Minister P. Chidambaram said that evasion of service tax by insurance companies has been detected and show cause notices issued to some of them. Replying to a question in the Lok Sabha, Mr. Chidambaram said, investigation in some cases is on while recovery has been made in other cases.
December 7, 2012 1:50 PM
Finance Minister P. Chidambaram has said that subsidies being given are within borrowing limits. Speaking to media-persons outside Parliament, Mr. Chidambaram said that the amount of subsidy for petroleum, Air-India and other sectors is small and the government can accommodate it in present borrowin...
December 7, 2012 11:59 AM
Oil prices rebounded in Asian trade today on bargain hunting following sharp falls in New York, but analysts said global economic worries will continue to weigh on sentiment. New York's main contract, light sweet crude for delivery in January was up 18 cents at 86.44 dollars a barrel in the...
December 7, 2012 11:57 AM
The BSE benchmark Sensex was trading 20 points up at 19,507 points in the late morning trade. It gained 75 points in early trade today. The 30-share barometer had gained nearly 182 points in the previous three session. All the sectoral indices, led by Auto, metal, consumer durable, capital goods, re...
December 7, 2012 11:56 AM
The rupee failed to maintain initial gains against the dollar in late morning deals today and was quoted lower by 6 paise to 54.20 on fresh demand of the American currency from banks and importers amid its higher value overseas. The Indian rupee resumed lower at 54.25 per dollar as against the last ...
December 7, 2012 11:46 AM
The rupee today strengthened by 5 paise to touch one-month high of 54.09 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.Forex dealers said firm local equities, signs of consistent capital inflows and sustained...
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