Business

June 28, 2012 8:29 PM

RBI deputy governor: Need to educate public about nature of gold investments

Reserve Bank deputy governor KC Chakrabarty today said that educating the common man about the speculative nature of gold investments is the key to bring down the high import of gold which is straining current account and pulling down the rupee. He told reporters on the sidelines of a CII-organized ...

June 28, 2012 5:29 PM

Sensex surges 23 pts to close at 16,991

The Sensex at the Bombay Stock Exchange ended with a nominal gain of 23 points, or 0.1 percent, at 16,991, today. The Nifty of the National Stock Exchange rose 7 points, or 0.1 percent, to 5,149.

June 28, 2012 2:42 PM

Anand Sharma: Entry of IKEA to help empower small, medium enterprises further

Commerce and Industry Minister Anand Sharma said that the entry of retail giant IKEA will help empower small and medium enterprises further, while the government will continue to protect the interests of Small and Medium Enterprises SMEs, When asked if the government was considering relaxing the man...

June 28, 2012 1:42 PM

SBI cuts interest rate on loans to exporters by 0.5%

Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks.SBI Chairman Pratip Chaudhuri has told reporters Mumbai that the decision was taken at asset liability committee (Alco) ...

June 28, 2012 1:30 PM

Sensex surges 10 pts in noon trade<br/>

The Sensex at the Bombay Stock Exchange was trading just 10 points higher at 16,977, in intra-day trade, today. And the Nifty of the National Stock Exchange gained 2 points at 5,144.In other Asian marekts, key indices in Japan, Hong Kong, South Korea, China and Sigapore were trading mixed in intra-d...

June 28, 2012 11:56 AM

Sensex surges 56 pts in noon trade

The Sensex at the Bombay Stock Exchange was trading 56 points in positive territory at 17,024 when reports last came in. The 30-share barometer, which had gained 86 points in the previous two sessions, gained 42 points, to 17,010 in early trade today with power, metals and consumer durables sector s...

June 28, 2012 11:08 AM

Rupee up by 19 paise against dollar

The rupee appreciates by 19 paise to 56 rupees 96 paise against the dollar in early trade today . Selling of dollars by exporters and some banks coupled with a higher opening in the equity market supported the appreciation of rupee . The domestic currency had weakened by 13 paise to close at Rs 57 r...

June 28, 2012 10:21 AM

Sensex surges over 42 pts in morning trade

The BSE benchmark Sensex rose by over 42 points to trade above 17,000-level today.The 30-share barometer, which had gained 85.60 points in the previous two sessions, gained 42.24 points, or 0.24 per cent, to 17,010 with power, metals and consumer durables sector stocks leading the rise.The wide-base...

June 27, 2012 6:02 PM

Sensex up by 61 points

The Sensex at the Bombay Stock Exchange gained 61 points, or 0.4 percent, to 16,968, on Wednesday, on renewed buying by investors, amid expectations of more economic reforms. The Nifty at the National Stock Exchange rose 21 points, or 0.4 percent, to 5,142. Stock markets in Japan, Hong Kong, and Sin...

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