Business

September 7, 2011 7:11 PM

Montek to inaugurate South Asia Forum meet tomorrow

A two-day meeting of South Asia Forum will be inaugurated in New Delhi by the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia on Thursday in New Delhi.The Forum has been set up at New Delhi's initiative in the SAARC Group of Countries. The first meeting will focus on prom...

September 7, 2011 7:10 PM

Sensex up by 202 points

Lifted by rising global markets, the Sensex at the Bombay Stock Exchange surged 202 points, or 1.2 percent, to close above the 17,000 mark after nearly a month, at 17, 065, amid across-the-board buying interest on Wednesday.The Nifty at the National Stock Exchange climbed 60 points, or 1.2 percent, ...

September 7, 2011 5:17 PM

Banking is now complex and knowledge based, says Pranab

The Finance Minister Pranab Mukherjee called upon the banking institutions to play a catalytic role in nurturing entrepreneurial talent in rural areas.Addressing 106th foundation day of Bank of India in New Delhi on Wednesday, he said banking is no longer a simple trade, but it is now complex and kn...

September 7, 2011 5:16 PM

Sensex up by 202 points

The Sensex at the Bombay Stock Exchange surged 202 points, or 1.2 percent, to close above the 17,000 mark, at 17, 065 on Wednesday.The Nifty at the National Stock Exchange climbed 60 points, or 1.2 percent, to 5,125.

September 7, 2011 5:16 PM

Railways earnings up by 10.30 per cent

The total earnings of Indian Railways has grown by 10.30 per cent during the month of April to August 2011 as compared to the last year during the same period.According to an official release, the total earnings of Railways were nearly 41030 crore rupees during these months as compared to over 37198...

September 7, 2011 2:11 PM

Sensex jumps 230 pts

The Sensex at the Bombay Stock Exchange rose 140 points, or 0.8 percent, to cross the 17,000-mark, at 17,003 in early trade, today, on sustained buying by investors, amid a firm Asian trend.Later, the Sensex climbed further, to stand a solid 238 points or 1.4 percent in positive territory, at 17,101...

September 7, 2011 12:55 PM

Sensex up by 209 pts

The BSE Sensex was up by 209 points to 17,072 in the afternoon trade today as realty, banking, capital goods, power, PSU and metal stocks attracted strong buying interest on the back of firm Asian cues amid a surge in foreign capital inflows.Similarly, NSE's Nifty Index also moved up by 63 ...

September 7, 2011 8:58 AM

A UN Agency says, Indian economy is likely to expand by 8.1 per cent in 2011, the fastest growth rate in the world after China. In its global release of Trade and Development Report 2011, the United Nations Conference on Trade and Development (UNCTAD) said the India economy will grow by 8.1 per cent...

September 7, 2011 8:51 AM

No pre-payment charges on floating rate loans: RBI

There's good news for those thinking of prepaying their home loans to lessen the EMI burden. The Reserve Bank of India (RBI) has directed banks not to recover pre-payment charges in floating rate loans. RBI's decision on home loans was taken at the Annual Conference of Banking Ombu...

September 6, 2011 9:56 PM

Indian companies bid for four blocks of Hajigak iron mines in Afghanistan

A consortium of Indian companies led by the Public Sector Steel Authority of India Limited (SAIL) has bid for four blocks of Hajigak iron mines in Afghanistan.According to the agency reports the SAIL has proposed to set up a steel plant in Afghanistan.The Hajigak mines, are estimated to have a reser...

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