Dexia gets bail out

France, Belgium and Luxembourg are to bail out the troubled bank Dexia, following fears it could go bankrupt. The Belgian government will buy the bank's division in Belgium for 4bn euros, while a Qatari investment group was ready to buy the bank's Luxembourg unit. Trading in Dexia&...

Sensex ends 325 points up

The BSE Sensex shot up 325 points to 16,557 today on across-the-board buying, amid firm global markets as fears of euro-zone debt troubles receded with Germany and France agreeing to support European banks.The BSE 30-share barometer opened higher and settled at 16,557, up 325 points or 2 per cent. O...

Govt to introduce regulatory mechanism for MFIs

Government will soon introduce an effective mechanism to regulate Micro Finance Institutions, MFIs in the country. Rural Development Minister Jairam Ramesh said that the system will keep a check on MFIs and strictly regulate their functioning to address the problems of indebtness and multiple borrow...

Kamal delivers speech at 2nd edition of Global Arab Business Meeting

The minister of Urban Development, Mr. Kamal Nath has said that a new world order is emerging on the global economic front as the gravity of economic growth has shifted to the East.Delivering a speech at the second edition of the Global Arab Business Meeting (GABM) in Ras Al Khaima in United Arab Em...

Draft National Telecom Policy unvieled

The draft National Telecom Policy, NTP unvieled in New Delhi on Monday by Communications Minister Kapil Sibal, aims at one nation-one licence which would over a period of ten years, result in full Mobile Number Portability and free roaming across the country. Telecom operators will not require separ...

Sensex closes 324 points lower

Sensex trading up by 253 pts

The Sensex continues to maintain its opening gains in the afternoon trade. The Sensex was trading up by 253 points at 16486 a short while ago. The Sensex opened 77 points higher in early trade today, extending Friday's gains on continued buying by foreign funds amid a firming trend overseas...

Sensex trading up by 193 pts

The Sensex was trading up by 193 points at 16425 a short while ago. The Sensex opened 77 points higher in early trade today, extending Friday's gains on continued buying by foreign funds amid a firming trend overseas. The wide-based National Stock Exchange index Nifty was also trading up by...

Rupee rises by 12 paise against Dollar

The Indian rupee advanced by 12 paise to 49 rupees 3 paise per dollar in early trade today on continued selling of the American currency by banks and exporters. Dollar was weakness in overseas markets also. The rupee resumed higher at 49 rupees 6 paise per dollar on the Inter bank Foreign Exchange, ...

Oil prices rise in Asia

Crude prices were up in Asia today as traders took heart from France and Germany's announcement that they had agreed a plan to shore up Europe's banks. New York's main contract, light sweet crude added 93 cents to 83.91 dollar a barrel. Brent North Sea crude gained 53 cent...