Business

May 24, 2011 10:08 AM

Sensex regains 18,000 points level in opening trade; up by 113 pts

The BSE benchmark Sensex regained the 18,000 points level in opening trade today. The 30-share index of the Bombay Stock Exchange, which had lost 332 points in the previous session, recovered by 113 points, or 0.63 per cent, to 18,106 in the first few minutes of trade on Tuesday. Similarly, the wide...

May 23, 2011 9:01 PM

CCI rules out any conflict with SEBI over M&A norms

The competition watchdog Competition Commission of India, CCI, has ruled out any conflict with SEBI over the recently notified merger and acquisitions norms. It said, the new regime would not clash with the market regulator's takeover code. CCI Chairman Dhanendra Kumar on Monday said in New...

May 23, 2011 5:58 PM

FDI declines 32 percent in Q1<br/>

The foreign direct investment-FDI, in India saw a decline of 32 per cent during the first quarter this year. India received foreign direct investment worth 3.39 billion US Dollars during January-March. According to the latest data from the industry ministry, in the country received FDI worth 4.96 bi...

May 23, 2011 5:56 PM

The board of directors of Bharat Heavy Electricals Ltd has recommended the disinvestment of 5 per cent of the paid-up equity of BHEL, out of the Government of India&apos;s shareholding.The government currently holds 67.72 per cent equity in BHEL. This stake sale in BHEL is likely to yield the go...

May 23, 2011 5:56 PM

Sensex loses 333 points; Closes at 17,993

The Sensex at the Bombay Stock Exchange on Monday lost 333 points, or 1.8 percent, to close below the 18,000-mark, at 17,993 on weak global markets, amid a deepening euro-zone debt crisis. The Nifty at the National Stock Exchange slipped 100 points, or 1.8 percent, to 5,387.Stock markets in Japan, C...

May 23, 2011 5:28 PM

Climate change: ADB to invest 60 million US dollar in 3 venture capital funds

Multilateral lending agency AsianDevelopment Bank, ADB on Monday said it will invest 60 million US dollar in three venture capital funds targeted at companies combating the impact of climate change and promoting clean energy in India and China. The Director General of the ADB&apos;s private sect...

May 23, 2011 2:44 PM

Sensex dips below 18k

The BSE benchmark Sensex dipped below the 18,000-points mark after two months at mid-session on Monday, due to brisk selling by funds in heavy-weight stocks, led by banking and metal sectors. Sensex, which opened in a negative zone, rolled down further by 353 points to 17,972 at 1330 hours, a level ...

May 23, 2011 2:15 PM

Sensex dips below 18,000-points mark

The BSE benchmark Sensex dipped below the 18,000-points mark after two months at mid-session on Monday, due to brisk selling by funds in heavy-weight stocks, led by banking and metal sectors. Sensex, which opened in a negative zone, rolled down further by 353 points to 17,972 at 1330 hours, a level ...

May 23, 2011 1:50 PM

FICCI to focus on supporting India as a global player

The Federation of Indian Chambers of Commerce and Industry, FICCI on Monday said that it will focus on maximizing advantage and supporting India as a global player. Briefing reporters in New Delhi. The newly appointed general secretary of FICCI, Dr Rajiv Kumar said that it has adopted a nine point r...

May 23, 2011 1:39 PM

Sensex down by 281 points in after noon trade

The BSE benchmark Sensex was trading down by 281 points to 18045 in noon trade today on fresh selling by foreign funds and retail investors in banking, metal and auto stocks on the back of weak Asian cues. Similarly, the National Stock Exchange&apos;s 50-share Nifty index also fell by 88 points ...

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