Business

April 24, 2012 12:02 PM

Sensex in positive territory; trading at 17,189pts<br/>

The Sensex at the Bombay Stock Exchange, which rose by 70 points in early trade today, stood at 92 points in the positive territory in late morning deals at 17,189, when reports last came in. After losing more than 400 points in the past two sessions, the 30-share barometer rose by 70 points to 17,1...

April 24, 2012 11:42 AM

RBI nod to FI participation in Credit Default Swap market for risk protection

The Reserve Bank has allowed all financial institutions to participate in the Credit Default Swap, CDS, market to help such entities to protect their risk. The RBI in the notification said in Mumbai yesterday that it has now been decided to permit all India financial institutions, namely, EXIM Bank,...

April 24, 2012 10:18 AM

Rupee trading down at 52.79 against dollar

The rupee depreciated 29 paise to 52.79 rupees against dollar in early trade today on the Interbank Foreign Exchange market, due to increased demand for the American currency from importers. In the previous session the domestic unit lost a hefty 42 paise to close at three-and-a-half-month low of 52....

April 24, 2012 10:03 AM

Sensex rises 70 pts in opening trade as IT stocks surge<br/>

The BSE benchmark index Sensex today rose by 70 points in early trade, as surging IT stocks led to the recovery in buying by funds and retailers. The 30-share barometer, which has lost 407 points in the past two sessions, rose by 70.34 points to 17,167.02, with IT, consumer durables, realty and bank...

April 24, 2012 9:17 AM

China to allow import of Basmati rice from India

China has allowed the imports of basmati rice from India. This comes as a big boost to Indian exporters for exporting 4.5 million tonnes of aromatic rice to huge markets of of 1.3 billion Chinese population. This was stated by the Indian Ambassador to China S Jaishankar to media in Beijing yesterday...

April 23, 2012 9:01 PM

Govt asks FCI to hire private godowns to store new crop

Food Minister K V Thomas on Monday said that state-run Food Corporation of India (FCI) has been asked to hire private godowns to store the new crop. Speaking to reporters in New Delhi, he termed foodgrains storage as a challenging task in view of the record output. Mr. Thomas said that efforts are o...

April 23, 2012 8:53 PM

TRAI set base price for spectrum auction

Telecom regulator Telecom Regulatory Authority of India, TRAI set 3,622.18 crore rupees as the base or minimum price for pan-India spectrum in the auction of radio waves which is to be held following the Supreme Court cancelling 122 licenses. The minimum or base price set is around 10 times higher t...

April 23, 2012 8:53 PM

No differences in govt on export of cotton & sugar: Pawar

Union Agriculture Minister Sharad Pawar on Monday said that there are no differences within the government on the export of cotton and sugar. Talking to reporters on the sidelines of a function in New Delhi, Mr. Pawar said that the decision to export more sugar has been taken and all issues related ...

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