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October 6, 2012 7:44 PM
The International Monetary Fund Chief Christian Lagrde has said that the economies of the oil-rich gulf nations under the Gulf Cooperation Council, GCC will grow at sustainable but reduced rates. Addressing a press conference in Riyadh after attending the meeting of GCC Finance Ministers, she lauded...
October 6, 2012 12:10 PM
The recently cleared Infrastructure Debt Fund (IDF) will be based on a tripartite agreement between developer, lender (bank) and the IDF. The aim is infusing greater funds into infrastructure development in the country. Finance Ministry officials said in New Delhi, loans by the banks would be refina...
October 5, 2012 5:42 PM
After a firm start, the market today plunged sharply in the morning but ended notably lower at the end. Though the global cues were positive, the investors chose to make profits.The Bombay Stock Exchange Sensex today ended at 18938.46 with a loss of around 119.69 points and The Nifty closed at 5746....
October 5, 2012 5:20 PM
The Sensex at the Bombay Stock Exchange declined 120 points, or 0.6 percent, to close below the 19,000 level, at 18,938 today. The Nifty at the National Stock Exchange fell 41 points, or 0.7 percent, to 5,747.
October 5, 2012 2:42 PM
Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 126 points, or 0.7 percent in negative territory, at 18,932 on profit-booking by investors, after recent strong gains, a short while ago. Earlier in the morning, however, the Sensex had opened 28 points, or 0.2 per cent h...
October 5, 2012 2:12 PM
The Sensex at the Bombay Stock Exchange was trading 118 points down at 18,939, a shortwhile ago. It rose by 28 points in the early trade today.Sensex gained over 488 points in the past four sessions.The wide-based National Stock Exchange index Nifty was also trading 40 points down at 5,747, a shortw...
October 5, 2012 2:05 PM
The National Stock Exchange index, the Nifty crashed a huge 800 points this morning, bringing trade in the cash market to a halt for about 15 minutes.The bourse blamed the incident on erroneous orders worth 650 crore rupees entered by a trading member, Emkay Global Financial Services, on behalf of a...
October 5, 2012 12:46 PM
The Sensex at the Bombay Stock Exchange was trading 118 points down at 18,939, a shortwhile ago. It rose by 28 points in the early trade today.Sensex gained over 488 points in the past four sessions.The wide-based National Stock Exchange index Nifty was also trading 40 points down at 5,747, a shortw...
October 5, 2012 12:39 PM
In a major push to second wave of economic reforms, the Centre government has approved amendments to important bills to attract foreign investment into insurance, pension sectors, accelerate infrastructure projects and given the go ahead for steps to ensure faster and inclusive growth. The decisions...
October 5, 2012 12:13 PM
The rupee erased some of the early gains in late morning trade, but was still up by 24 paise at 51.50 a dollar on persistent selling of the American currency by banks and exporters amid strong capital inflows after the government unleashed second phase of reforms yesterday.The rupee resumed higher a...
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