World Bank to re-engage in B'desh's Padma multi-purpose bridge project

The World Bank has decided to engage anew in Bangladesh's Padma Multipurpose Bridge, following the steps taken by the country's government to address the evidence of corruption identified by the Bank. In a statement issued today following discussions between officials of the World ...

WB to re-engage in B'desh's Padma multi-purpose bridge project

The World Bank has decided to engage anew in Bangladesh's Padma Multipurpose Bridge, following the steps taken by the country's government to address the evidence of corruption identified by the Bank. In a statement issued today following discussions between officials of the World ...

Sensex posts biggest intra-session gain of the year of 464pts

Building on early gains, the Sensex at the Bombay stock Exchange zoomed 383 points, or 2.1 per cent, to 18,733 in afternoon trade, today. At one stage, the Sensex had posted its biggest single-day intra-session gain this year, of 464 points. Earlier in the morning, the Sensex had opened 149 points, ...

Sensex and Nifty rally in noon trade

The 30-share BSE Sensex rallied over 400 points and the 50-share NSE Nifty hit 5700 level in the noon trade today as the UPA government stood strong with support by Mulayam Singh Yadav's Samajwadi Party.Sensex was trading 427 points up at 18,776 points, a shortwhile ago. It recovered by alm...

The government has issued a formal notification over allowing Foreign Direct Investment, FDI in multi brand retail, civil aviation, broadcasting sector and power exchanges. It said that the decision comes into immediate effect. According to the Ministry of Commerce and Industry, with this notificati...

Rupee recovers 38p to 54 a dollar

Moving in line with equity market, the rupee recovered 38 paise to 54 a dollar in late morning trade today on fresh selling of the American currency from banks and exporters amid expectations of more foreign capital inflows. The rupee today recovered by 30 paise to 54.08 against the US dollar in ear...

Sensex trading up 324pts at 18,673

The BSE benchmark Sensex was trading 324 points up at 18,673 points, a shortwhile ago. It recovered by almost 149 points in early trade today on buying by funds and retail investors after the government notified its decision to allow FDI in the multi-brand retail sector. The 30-share barometer had l...

Crude prices rise in Asia markets

Crude rose in Asia today on rumours that talks were underway to provide fresh help for the struggling Spanish economy. New York's main contract, light sweet crude for delivery in November, gained 61 cents to 93.03 dollars and Brent North Sea crude for November delivery added 48 cents to 110...

Rupee up 30p at 54.48 against dollar

The rupee today recovered by 30 paise to 54.08 against the US dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amidweakening of the American currency against the euro overseas. The government notifying its decision to allow FDI in multi-brand retail sector, also ...

Sensex recovers 149pts in early trade; quoted at 18,498

The BSE benchmark Sensex today recovered by almost 149 points in early trade on buying by funds and retail investors after the government notified its decision to allow FDI in the multi-brand retail sector. The 30-share barometer, which had lost nearly 193 points in the past two sessions, recovered ...