IMF backs second Greece bailout

The International Monetary Fund , IMF has backed the second 130 billion euro financial bailout for Greece by pledging a contribution of 28 billion euros. However it said that the programme to keep the debt-ridden nation funded until 2014 carried exceptionally high risks. The IMF Managing Director Ch...

Sensex trading 84 pts up

The BSE benchmark Sensex was trading 84 points or 0.48 per cent up at 17,760 points a shortwhile ago. It rose by over 82 points in early trade today.The 30-share barometer, fell by 243 points in the previous session.The wide-based National Stock Exchange Nifty index was also trading 35 points, or 0....

Interest rate on EPF deposits reduced from 9.5% to 8.25% for 2011-12

The Government has slashed interest rate on deposits in Employees Provident Fund, EPF, from 9.5 per cent to 8.25 per cent for 2011-12, affecting over 4.7 crore subscribers. The official sources said in New Delhi yesterday that this cut was proposed by the Finance Ministry and a notification was issu...

Oil prices up in Asia

Oil prices rose in Asian trade today after the US and Britain denied reports that the two countries had agreed to release strategic reserves of crude. New York's main contract for delivery in April was up 36 cents to 105.47 dollar while Brent North Sea crude for May delivery gained 37 cents...

Rupee appreciates by 11 paise against dollar

The rupee appreciated by 11 paise to Rs 50.27 per US dollar in early trade today on the Interbank Foreign Exchange on increased foreign capital inflows.on Thursday, the rupee had lost 47 paise to close at 50.39 against the dollar on strong demand for dollar from some banks and importers in view of i...

Sensex rises by over 82 pts in early trade

The BSE benchmark Sensex rose by over 82 points in early trade today .The 30-share barometer, which fell by 243.45 points in the previous session, recovered by 82.61 points, or 0.47 per cent, to 17,758.46 in the first few minutes of trade .Similarly, the wide-based National Stock Exchange Nifty inde...

FM to present General Budget today; Special programming on AIR News<br/>

IMF agrees to pay Greece's 2nd bailout

The International Monetary Fund, IMF has agreed to pay 28 billion euros or 36.7 billion dollars towards Greece&apos;s second bailout of 130 billion euros after last week&apos;s private debt swap.The body&apos;s approval - which was expected - is the final step in completing the long-awai...

Sensex down 243 points

Snapping four days of gains, the Sensex at the Bombay Stock Exchange dropped 243 points, or 1.4 percent, to 17,676, today, after the RBI kept key interest rates unchanged. The 30-share Sensex had gained over 770 points in the past four trading sessions. The Nifty at the National Stock Exchange fell ...

Sensex stands 254 pts in negative

The Sensex at the Bombay Stock Exchange declined 103 points, or 0.6 percent, to 17,816 in early trade, today, as funds and retail investors booked profits ahead of the RBI&apos;s monetary policy review. Later, after the apex bank&apos;s announcement, the Sensex lost further ground, and stood...