India's economy grows by 7.7 % in first quarter of 2011-12

India's economy grew by just 7.7 per cent in the first quarter of the 2011-12 financial year, compared to 8.8 per cent growth in the same three-month period last fiscal. In the latest data released by the government today, GDP growth for the April-June quarter of the 2010-11 fiscal has also...

India's economy grows by 7.7 per cent in first quarter of 2011-12

India's economy grows by 7.7 per cent in first quarter of 2011-12

India's economy grew by just 7.7 per cent in the first quarter of the 2011-12 financial year, compared to 8.8 per cent growth in the same three-month period last fiscal. In the latest data released by the government today, GDP growth for the April-June quarter of the 2010-11 fiscal has also...

BSE Sensex in positive territory in afternoon trade

The Sensex at the Bombay Stock Exchange rallied 249 points, or 1.5 per cent, to 16,665 in opening trade, this morning, on continued buying by investors, amid rising regional markets. The Sensex later pared its gains somewhat, but was still a good 179 points or 1.1 percent in positive territory, at 1...

Rupee appreciates against US dollar

The Indian rupee appreciated by 16 paise to 45 Rupees 90 paise against the US dollar in early trade today on persistent selling of the American currency by banks and exporters in view of dollar weakness in overseas market. The domestic currency, which ended 9 paise higher at 46.07 rupees on Monday, ...

Rupee strengthens by 15 paise against US dollar

The Indian rupee today strengthened by 15 paise to 45.91 rupees per US dollar in early trade on the Interbank Foreign Exchange as the dollar weakened against the euro and other currencies and a rally in the domestic stock market. Forex dealers said dollar weakness against the euro and some Asian cur...

Oil advances in Asian trade today

Oil advanced in Asian trade today on hopes that the US economy will be able to find a way out of its slump without more monetary stimulus, analysts said. In morning trade, New York's main contract -- light sweet crude for October delivery -- added 22 cents to 87.49 US Dollars a barrel, and ...

BSE Sensex gains more than 248 points in opening trade

The Bombay Stock Exchange benchmark Sensex rallied by almost 249 points in opening trade today, extending Monday's gains on continued buying by funds. It happened so due to a rally in global markets on better-than-expected US consumer spending data. The 30-share index of the Bombay Stock Ex...

Prices of essential commodities like wheat and pulses show steady declining trend

The Prices of essential commodities like wheat and pulses have shown a steady declining trend while that of rice, edible oils and some vegetables have been on the rise in the recent past. Retail prices of essential commodities have shown a steady declining trend in the case of wheat, flour, pulses s...

RBI unveils draft guidelines on new banking licenses

The Reserve Bank of India on Monday unveiled the draft guidelines for new banking licenses. The RBI pegged the minimum required capital to set up a bank by a corporate at 500 crore rupees. The apex bank said the aggregate foreign shareholding in the new bank should not exceed 49 per cent for the fir...