Sensex falls by 51 points in opening trade

The Bombay Stock Exchange benchmark Sensex fell by over 51 points in opening trade today as funds and retail investors locked in gains recorded in the previous session amid a weak trend on other Asian bourses over US debt worries. Marketmen said, the cautious approach adopted by market participants ...

Country's coal stocks have touched an all time high of 70 million tonnes and the Coal India Limited (CIL) has sought additional rakes from railways to liquidate at least 25 million tonnes from its inventory. According to Coal India Chairman N C Jha accumulating stock of coal has been a seri...

Issues related to financial sector reforms, strengthening the G-20 and IMF surveillance, the United Kingdom-India infrastructure partnership will be discussed in a high level meeting in London tomorrow being attended by Finance Minister Pranab Mukherjee among others. According to official sources Mr...

Indo-Bangladesh Border Haat opens for business

India, Bangladesh inaugurate 1st border haat

India and Bangladesh began a new chapter in bilateral trade today with the inauguration of the first border haat at Kalaichar in Meghalaya and Baliamri of Kurigram district in Bangladesh.Union Commerce Minister Anand Sharma and Bangladesh Commerce Minister Faruk Khan jointly inaugurated the border h...

Govt working on IT platform for GST

The Government has said it is working on a special information technology platform for smooth implementation of the proposed Goods and Services Tax (GST), which will subsume various levies imposed by centre and states.Speaking in New Delhi, Central Board of Excise and Customs (CBEC) Chairman S Dutt ...

Panel recommends 51% FDI in retail

The Committee of Secretaries has recommended allowing 51 per cent FDI in the multi-brand retail. AIR correspondent reports this will be with a rider that the foreign investment should be at least $100 million, of which at least 50 per cent would have to be in back end infrastructure such as cold sto...

RBI to issue a new series of coins

The Reserve Bank will soon issue a new series of coins. In a press release issued from Mumbai today, the RBI said that new coins in five denominations namely, fifty paise, one rupee, two rupees, five rupees and ten rupees will soon be put into circulation. All the new coins would be circular in shap...

Rupee appreciates by 15 against $

The rupee on Friday gained 15 paise against the US currency. It closed at the two-week high of 44.35 on fresh dollar selling by some banks and exporters amid a rally in equity markets.

Sensex surges 286 pts to near two-week high

Tracking rising global markets, the Sensex at the Bombay Stock Exchange surged 286 points, or 1.6 percent, to a near two-week high of 18,722, on Friday. The market was lifted by some encouraging quarterly corporate results, and a new European Union-IMF bailout for debt-ridden Greece. The Nifty at th...