Sensex gains 150 points in afternoon trade

The Sensex at the Bombay Stock Exchange rose 114 points, or 0.7 per cent, to 17,054, in opening trade, this morning, on continued buying by investors, ahead of the Reserve Bank's monetary policy announcement. Soon after the RBI hiked the repo rate, the Sensex lost ground, and briefly slippe...

RBI announces mid-year Monetary Policy; hikes repo rate

RBI announces mid-year Monetary Policy; hikes repo rate

Rupee up against US$ in early trade

The Indian Rupee appreciated by 16 paise to 49 Rupees 66 paise against the US Dollar in early trade today, on sustained selling of dollars by banks and exporters, on the back of weakness of the dollar in the overseas market. The local currency had ended 19 paise higher at 49 rupees 82 paise against ...

India GDP growth to pip China: Ernst & Young

India is expected to clock higher GDP growth than China in 2013-14. This has been stated in a report by Ernst and Young in its latest report. The forecast pegs India's GDP growth rate at 9.5 percent followed by nine percent by China in 2013. Similarly, the report says that India will record...

Kiran Karnik to head policy drafting committee on pvt sector graft

Centre has firmed up its action plan to deal with the menace of bribe in the private sector. A Committee headed by prominent technocrat Kiran Karnik has been set up to prepare a comprehensive policy to deal with corrupt practices in the private sector. Official sources said that this policy will for...

RBI announces mid-year Monetary Policy; hikes repo rate

The Reserve Bank of India (RBI), in its Second Quarter Review of Monetary Policy for the year 2011-12, hiked repo rate by 25 basis points to 8.5 per cent with immediate effect. The reverse repo rate was adjusted to 7.5 per cent with immediate effect. However, the Cash Reserve Ratio (CRR) has been re...

Sensex trading at 17,053, up 114 points

The BSE benchmark Sensex rose by over 114 points in opening trade today.The BSE 30-share index, which gained 153 points yesterday, rose further by 114 points or 0.67 per cent, to 17,053 points with stocks of banking, IT, metals and realty sectors leading the rise.Similarly, the wide-based National S...

RBI to announce mid-year monetary policy today

The Reserve Bank of India will announce its mid-year monetary policy today. In a press release issued in Mumbai, the RBI has reiterated that its monetary policy will continue to remain focussed on taming inflation even if it results in moderation of growth.The RBI release stated that although in the...

BECIL pays dividend of over Rs One crore for 2010-11

State-owned company Broadcast Engineering Consultants India Limited- BECIL has paid a dividend of over one crore rupees to the government for the financial year 2010-11.According to an official release, the Information and Broadcasting Minister, Mrs Ambika Soni on Monday received the dividend cheque...