KC Chakrabarty reappointed as RBI Deputy Governor

Barclays Bank slammed for lack of internal control

In Britain, a parliamentary investigation into the rigging of rates, which banks lend money to each other, has strongly criticised Barclays Bank for lack of internal controls over several years. The MPs also said former Head of the Bank Bob Diamond provided highly selective evidence to its committee...

Rice sowing area for Kharif crop picks up to nearly 308 lakh hectare

The sowing area of rice for Kharif crop picked up to nearly 308 lakh hectare so far. It was over 264 lack hectare during the last week. Total kharif area of sowing still below over 58 lakh hectare from last year of 942 lakh hectare. The sowing area of rice reported higher in the state of Bihar, Chha...

Sensex gains 34 pts to close at 17,691

The Sensex at the Bombay Stock Exchange closed with a modest gain of 34 points, or 0.2 percent, at 17,691, today. The Nifty at the National Stock Exchange rose 3 points, to 5,366. Stock markets in Japan, China and Hong Kong added between 0.1 percent and 0.8 percent.

Rupee rises by 7paise; at 55.68 agaisnt dollar

The rupee rose by 7 paise to Rs 55.68 paise against the US dollar in early trade today on the Interbank Foreign Exchange as the American currency weakened against euro overseas.Besides, dollar selling by exporters and banks and a higher opening in the domestic equity market also supported the rupee,...

Sensex gains 72pts in afternoon trade

The Sensex at the Bombay Stock Exchange gained 88 points to 17,746 in early trade today, on fresh buying by funds and retail investors. Later, the Sensex remained firm and stood 72 points in the green at 17,729 in afternoon deals, a shortwhile ago.Other Asian markets in Japan, China, Singapore, Hong...

Sensex in the green; trading at 17,746 in noon deals<br/>

The Sensex at the Bombay Stock Exchange gained 88 points to 17,746 in early trade today, on fresh buying by funds and retail investors. Later, the Sensex remained firm and stood 72 points in the green at 17,729 in afternoon deals, a shortwhile ago.Other Asian markets in Japan, China, Singapore, Hong...

SPV for Lakhnadone-Ghansore Road Project on BOT basis approved

The Union Cabinet today aproved the proposal of forming 100 per cent owned Special Purpose Vehicle, SPV, for execution of Lakhnadone-Ghansore Road Project on Build, Operate and Transfer (BOT) basis. The proposal of the Department of Telecommunications envisagesinvesting in equity upto 35 per cent am...

SEBI to announce fresh market reforms: Fin Min

Finance Minister P Chidambaram today said regulator Sebi is expected to announce fresh market reform measures next month. In a statement, the finance minister favoured encouraging more people to invest in financial instruments rather than in gold.Expressing satisfaction over wide-ranging reforms ann...

Sensex gains 130 pts in afternoon trade

The Sensex at the Bombay Stock Exchange gained 130 points in afternoon trade today after yesterday&apos;&apos;s losses on emergence of buying by funds and retailers, tracking a firming trend in Asian markets. Shares of auto, IT, oil &amp; gas, technology, healthcare,banking and consumer ...