BSE Sensex stands 74 points in negative territory in afternoon trade

The Sensex at the Bombay Stock Exchange gained 134 points, or 0.7 per cent, to 18,628 within the first few minutes of trade, today, on renewed buying by investors. But the Sensex later surrendered all its early gains, and stood 74 points, or 0.4 percent in negative territory, at 18,420, in afternoon...

The Reserve Bank of India, RBI has asked private and foreign lenders to put in place a system of internal vigilance machinery and appoint a Chief of Internal Vigilance by August to check frauds and malpractices.The directive aims at bringing such banks in line with the practices followed by state-ow...

Rupee falls by 8 paise against US dollar

The Indian rupee fell by 8 paise to 44 rupees 90 paise per US dollar in early trade today on fresh demand from importers and banks, despite firm domestic equity markets and strengthening of the dollar overseas.At the Interbank Forex Exchange, the rupee resumed slightly higher at 44 rupees 80 paise p...

BSE Sensex gains 134 points in opening trade

The Sensex gained over 134 points in opening trade today on the back of buying by funds and retail investors in stocks of oil and gas, realty and banking companies amid a firming trend on other Asian bourses. The 30-share barometer, which lost 115 points in Thursday's trade, rebounded by 13...

Rupee eases 3 paise against US dollar

Snapping a six-session rising streak, the Indian rupee eased marginally by 3 paise to 44.85 rupees against the US dollar in early trade. Forex dealers said the strengthening of the dollar against some currencies overseas mainly put pressure on the rupee, but the higher opening in the stock market re...

CCI to study on Market Structures for Agricultural Commodities

Competition Commission of India, CCI, has decided to conduct a study on Market Structures for Agricultural Commodities. The aim is to identify supply side dynamics for select agricultural commodities including onion.Talking to reporters on the day of his retirement, the out going chairman of Commiss...

Pranab hopes inflation to be moderate

Finance Minister Pranab Mukherjee has exuded confidence that the rate of price rise would moderate further in the days ahead.Speaking to reporters in New Delhi, Mr Mukherjee said if the declining trend in food items and non-food primary items articles continues, it would be possible to have a modera...

Sensex closes 115 down at 18,494

Snapping two days of gains, the Sensex at the Bombay Stock Exchange dropped 115 points, or 0.6 percent, to 18,494, on profit-booking by investors, amid weak global markets on Thursday.The Nifty at the National Stock Exchange declined 42 points, or 0.7 percent, to 5,550.Stock markets in Japan, China,...

Food inflation falls to 8.06 per cent

Food inflation has fallen to 8.06 per cent for week ended May 21. This follows cheaper pulses, wheat and some vegetables. Food inflation, as measured by the Wholesale Price Index or WPI, stood at 8.55 per cent during the previous week. The rate of price rise of food items was as high as 21.15 per ce...

India among four fastest wealth creator countries

India has emerged among the four fastest wealth creator countries in the world and its growth momentum is expected to gather further steam going forward.In its annual report, a management consulting firm, Boston Consulting Group, has listed the US, China, the UK and India as the nations showing the ...