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May 12, 2011 11:49 AM
Oil prices rebounded in Asian trade today after plunging overnight on signs of faltering demand in the United States and China, the world's top oil-consuming nations. New York's main contract, light sweet crude rose 88 cents to 99.09 dollar a barrel in morning trade, while Brent No...
May 12, 2011 11:45 AM
The Reserve Bank of India has said that the Chief Executive Officers of all foreign banks operating in the country would be held responsible for non-compliance of any regulatory and statutory banking norms. In a notification issued in Mumbai, the RBI said, the CEOs will be answerable for the audit p...
May 12, 2011 11:42 AM
The Indian rupee depreciated by 13 paise to 44.82 rupees against the US dollar today. At the Interbank Foreign Exchange, the rupee opened lower at 44.76 per dollar as against the previous closing level of 44.70 per dollar. Forex dealers said that the strengthening of the dollar against major currenc...
May 12, 2011 8:36 AM
The Reserve Bank of India has said that the Indian Chief Executive Officers of all foreign banks functioning in the country would be held responsible for non compliance of any regulatory and statutory banking norms. In a notification in Mumbai, the RBI said the CEOs will be answerable for the audit ...
May 11, 2011 9:17 PM
The Reserve Bank of India on Wednesday issued a notification stating that the Indian Chief Executive Officers of all foreign banks functioning in the country would be held responsible for incompliance of any regulatory and statutory banking norms. The notification also states that the CEO will be an...
May 11, 2011 9:08 PM
The Cabinet Committee on Infrastructure on Wednesday approved the project of Developing a Dry Bulk Terminal off Tekra near Tuna at an estimated cost of 1060 crore rupees. It will be developed on a build-operate-transfer BOT basis at Kandla Port Trust (KPT).The project envisages construction, operati...
May 11, 2011 9:07 PM
The Cabinet Committee on Economic Affairs, CCEA, on Wednesday approved the proposal for acquisition of a new Research Vessel (RV) by Geological Survey of India (GSI) for seabed survey and exploration for non-living resources at a revised cost estimate of 549.50 crore rupees. It will be a replacement...
May 11, 2011 6:19 PM
Economic Affairs Secretary R. Gopalan on Wednesday said that international oil prices and the behaviour of monsoon rains will be the key factors in determining the fiscal deficit. Talking to reporters on the sidelines of a FICCI event in New Delhi, he said the government will, however, strive to sti...
May 11, 2011 6:19 PM
The Sensex at the Bombay Stock Exchange closed 72 points, or 0.4 percent higher, at 18,585 on Wednesday. The Nifty at the National Stock Exchange rose 24 points, or 0.4 percent, to 5,565.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.
May 11, 2011 3:30 PM
The Indian Rupee appreciated by 7 paise to Rs 44.67 per dollar today. The rupee had depreciated by 2 paise to close at 44.74 against the US currency in yesterday's trade.
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