Business

April 11, 2012 10:11 AM

Govt announces new FDI norms for FIIs

The government today announced new Foreign Direct Investment, FDI norms for Foreign Institutional Investors, FIIs. Under the new norms, FIIs can now invest up to 23 per cent in commodity exchanges without seeking prior approval of the government. However, FDI will continue to require the approval of...

April 11, 2012 10:10 AM

Sensex falls 150 points in early trade

The BSE benchmark index Sensex today fell by 150 points in early trade, due to fresh selling by funds amid a weak trend on other Asian bourses. The 30-share barometer, which had gained 21.70 points yesterday, lost 150 points to 17,093 in the early trade.In a similar fashion, the wide-based National ...

April 10, 2012 7:51 PM

Govt announces new FDI norms for FIIs

The government today announced new Foreign Direct Investment, FDI norms for Foreign Institutional Investors, FIIs. Under the new norms, FIIs can now invest up to 23 per cent in commodity exchanges without seeking prior approval of the government. However, FDI will continue to require the approval of...

April 10, 2012 5:24 PM

Sensex surges 22 points<br/>

Snapping two days of losses, the Sensex at the Bombay Stock Exchange rose a modest 22 points, or 0.1 percent, to 17,244, on selective buying at lower levels, today. The Nifty at the National Stock Exchange gained 9 points, or 0.2 percent, to 5,244.Stock markets in Japan, China, Hong Kong, Singapore ...

April 10, 2012 4:29 PM

Govt announces new FDI norms for FIIs

The government today announced new Foreign Direct Investment, FDI norms for Foreign Institutional Investors, FIIs. Under the new norms, FIIs can now invest up to 23 per cent in commodity exchanges without seeking prior approval of the government. The Department of Industrial Policy and Promotion, DI...

April 10, 2012 2:25 PM

Sensex loses initial gains; trading down at 17,172pts

The Sensex at the Bombay stock Exchange rose 48 points, or 0.2 per cent, to 17,270 in opening deals, this morning, on selective buying by funds and retail investors. But the Sensex later gave up all its initial gains, in volatile trade, and stood 51 points, or 0.3 per cent in negative territory, at ...

April 10, 2012 1:17 PM

Adi Godrej to head National Committee framing Corporate Governance Policy

Centre has constituted a Committee for framing a policy on National Corporate Governance in the country. The committee under the chairmanship of Adi Godrej has been asked to suggest a comprehensive policy framework to enable corporate governance of highest quality . The other members of the committe...

April 10, 2012 12:49 PM

Sensex trading down 49 at 17,172pts

The BSE benchmark Sensex lost 49 points to 17172 in afternoon trade a short while ago, after recovering by 48 points in early trade today. Similarly, the wide-based National Stock Exchange index Nifty fell 17 points to 5,217.

April 10, 2012 11:46 AM

Sensex falls 9pts to 17,213 in noon trade

The BSE benchmark Sensex fell 9 points to 17213 in noon trade a short while ago, after recovering by 48 points in early trade today. Similarly, the wide-based National Stock Exchange index Nifty lost 4 points to 5,230.

April 10, 2012 11:43 AM

Centralised electronic payment systems for more banks: RBI

The Reserve Bank of India has allowed all licenced banks to participate in the centralised electronic payment systems. In a notification issued in Mumbai yesterday, the RBI announced its decision to expand the sub-membership route to enable regional rural banks, RRBs and co-operative banks to partic...

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