Sensex gains 53 points in early trade

Extending gains for the fourth straight session, the BSE benchmark Sensex rose by another 53 points in early trade today on sustained buying by funds and retail investors.The 30-share barometer, which had gained nearly 300 points in the previous three sessions, up by 0.31 per cent, at 17,445. All se...

ECB norms for power companies eased

Liberalising the external commercial borrowing -ECB norms for power sector, the Centre today said that power companies can now use up to 40 per cent of loans to refinance their rupee debt but the rest 60 per cent must be utilised for investments in new projects. According to the Finance Ministry, ea...

ECB norms for power companies eased

Liberalising the external commercial borrowing -ECB norms for powersector, the Centre today said that power companies can now use up to40 per cent of loans to refinance their rupee debt but the rest 60 percent must be utilised for investments in new projects. According tothe Finance Ministry, earlie...

ICC Chief prosecutor Luis Moreno arrives in Libya

Financial stability improved, but not ensured long-term: IMF<br/>

The International Monetary Fund says that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth.An IMF senior official, Jose Vinals, said today in Washington that a new financial bailou...

TRAI issues recommendations on Exit Policy for telecom licences<br/>

The Telecom Regulatory Authority of India,TRAI, today issued recommendations on Exit Policy for various telecom licences. The regulator said that presently there is no need for a separate Exit Policy for all types of licences and the entry fee paid by the licensees will continue to be non-refundable...

Probability rate hike not zero but small: Subbarao

A day after announcing annual credit policy, RBI Governor D Subbarao today said that any hike in interest rates in future will depend on inflation. Addressing a function in Mumbai, Subbarao said, the probability of hiking rates is not zero but it is small, just as the probability of easing interest ...

TAPI gas pipeline :Afghanistan, Pak, India agree on transit fees

Afghanistan, Pakistan and India have agreed in principle on transit fees for TAPI gas pipeline project. A press release issued by the Afghan ministry of mines in Kabul yesterday says that the greement was reached at a meeting between senior officials of the three countries in Islamabad. Prior to thi...

Sensex gains 34 points on sustained buying

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained 34 points, or 0.2 percent, to 17,392, on sustained buying by investors, amid positive Asian markets, today. The Sensex had gained more than 260 points in the previous two trading sessions. The Nifty at the National...

FDI up 74% in February to $ 2.2 billion

Foreign direct investment inflows into the country increased 74 per cent, year-on-year, to 2.2 billion dollars in February. This takes the cumulative FDI inflows to 28.4 billion dollars for the April 2011 to February 2012 period of the last fiscal. The sectors which received the largest foreign FDI ...