Business

April 3, 2012 10:10 AM

Sensex up 140 pts in early trade

Extending gains for the third straight day, the BSE benchmark Sensex rose by over 140 points in early trade today on sustained buying by funds and retail investors, tracking a firming global trend. The 30-share barometer, which gained nearly 420 points in the last two sessions, rose further by 140.2...

April 3, 2012 9:17 AM

RBI nod must for FCAs for overseas investment

The Reserve Bank of India, RBI yesterday said that Indian companies will require to obtain its prior permission to open, hold and maintain foreign currency account - FCA abroad for the purpose of overseas direct investments. The RBI has issued a notification to this effect. According to the notifica...

April 3, 2012 9:14 AM

No fuel price hike, face supply disruptions: State oil cos

State-owned oil companies have warned of disruptions in fuel supplies if they are not allowed to raise petrol price or be compensated for the 48 crore rupees per day loss that the companies incur on selling fuel below cost. Indian Oil Corp (IOC) Chairman R S Butola told reporters that 93 per cent of...

April 2, 2012 9:18 PM

Star Group bags Indian cricket's broadcast and digital rights<br/>

The Star Group on Monday bagged the broadcast and digital rights of India&apos;s international cricket matches at home for a period of six years after bidding a whopping 3851 crore rupees.The Rupert-Murdoch-owned company beat competition from Multi Screen Media (Sony) to bag rights for all inter...

April 2, 2012 9:08 PM

Companies must obtain permission to operate FCA abroad: RBI<br/>

The Reserve Bank of India, RBI on Monday said that Indian companies will require to obtain its prior permission to open, hold and maintain foreign currency account -FCA abroad for the purpose of overseas direct investments.The RBI has issued a notification to this effect. According to the notificati...

April 2, 2012 8:44 PM

SEBI approves listing of stock exchanges

Clearing the decks for listing of stock exchanges, capital market regulator SEBI on Monday said 51 per cent stake of bourses could be held with public. This was decided after considering the much-debated Bimal Jalan Committee recommendations which had not favoured listing of stock exchanges.The Boar...

April 2, 2012 8:33 PM

State-owned oil companies threaten supply hit if prices not hiked

State-owned oil companies warned of disruptions in fuel supplies if they are not allowed to raise petrol price or compensated for the 48 crore rupees per day loss the companies incur on selling fuel below cost.The situation is very critical. We are losing 7.67 rupees per litre on petrol and after ad...

April 2, 2012 6:04 PM

Star Group bags Indian cricket's broadcast and digital rights<br/>

The Star Group on Monday bagged the broadcast and digital rights of India&apos;s international cricket matches at home for a period of six years after bidding a whopping 3851 crore rupees.The Rupert-Murdoch-owned company beat competition from Multi Screen Media (Sony) to bag rights for all inter...

April 2, 2012 6:03 PM

India's export slips to three-month low of 4.2 per cent in Feb

Impacted by the economic slowdown in the US and euro-zone, India&apos;s export growth slipped to a three-month low of 4.2 per cent, at 24.6 billion dollars in February this year. But imports grew 20.6 per cent, year-on-year, to 39.7 billion dollars in February. This left a trade deficit of 15.1 ...

April 2, 2012 6:02 PM

Sensex up by 74 points amid positive Asian markets<br/>

The Sensex at the Bombay Stock Exchange rose 74 points, or 0.4 percent, to 17,478, in the first trading session of the new fiscal, amid largely positive Asian markets on Monday.The Nifty at the National Stock Exchange climbed 22 points, or 0.4 percent, to 5,318.Stock markets in Japan, Singapore and ...

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