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November 19, 2011 7:24 PM
Rice procurement by various governemnt agencies has crossed 10 million tonnes in the current kharif marketing season so far.According to an official release, Punjab leads with over 76 million tonnes followed by Haryana at nearly 1.9 million tonnes. Tamil Nadu and Uttar Pradesh have also procured goo...
November 19, 2011 1:49 PM
With the rupee depreciating to a new 32-month low against the US dollar, Finance Minister Pranab Mukherjee today said, the Reserve Bank is keeping a close eye on the situation. Talking to reporters on the sidelines of a function in New Delhi, Mr. Mukherjee said, he is seeking advice from RBI over th...
November 19, 2011 8:59 AM
Costlier food and clothing pushed up the Consumer Price Index (CPI) by 0.97 per cent in October, 2011, with the broad gauge for measuring retail inflation rising to 114.2 points during the month.The CPI based on retail prices stood at 113.1 points in September, as per data released by the government...
November 18, 2011 5:40 PM
Falling for the seventh straight session, the Sensex at the Bombay Stock Exchange dropped 90 points, or 0.6 percent, to close at 16,372, today, on continuing worries about slowing domestic growth, and declining Asian and European bourses.The Sensex has now lost almost 1,200 points in the last seven ...
November 18, 2011 2:27 PM
Government has not yet taken any decision on the revision of disinvestment targets for the current fiscal. Talking to reporters in New Delhi today, Finance Minister Pranab Mukherjee said that the decision will be taken only after taking into account all domestic and external factors. He added that t...
November 18, 2011 2:18 PM
The Sensex at the Bombay Stock Exchange lost 129 points, or 0.8 per cent, to 16,333 within the first five minutes of trade, this morning, on sustained selling by investors, amid weakness in the global markets. Later the Sensex fell further, and stood 188 points, or 1.1 percent in negative territory,...
November 18, 2011 10:13 AM
The Reserve Bank of India (RBI) has asked cooperative banks not to insist on signatures of both the joint account holders for withdrawal of a fixed deposit at the time of maturity if the account was opened with instruction that either of survivor could operate it. The RBI said in a communication to ...
November 18, 2011 10:12 AM
The Indian rupee fell by 15 paise to Rs 51.05 per US dollar in early trade today amid heavy outflows of foreign funds from the stock market and rising demand from oil refiners. The rupee has been on a four-session losing streak and had closed 16 paise lower at Rs 50.91 per US dollar in yesterday&...
November 18, 2011 10:12 AM
The BSE benchmark Sensex extended its losses for the seventh straight session, losing over 128 points in early trade today on sustained selling amid a weakening Asian trend. The 30-share BSE Sensex, which has lost over 1,107 points in the past six sessions, fell further by 128.62 points, or0.78 per ...
November 17, 2011 9:58 PM
The rupee fell for the fourth straight session on Thursday ending down by 16 paise at 50 rupees 91 paise against the US currency. This follows persistent dollar demand from banks and importers, mainly oil refiners, amid weak equities.The rupee continued to trade weak taking cues from global markets ...
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