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January 6, 2011 10:30 AM
The BSE benchmark Sensex gained 125 points in the opening trade today on fresh buying of heavy-weight stocks, driven by firming trend on the other Asian bourses. The 30-share index of the Bombay Stock Exchange, which had lost about 260 points in the previous two sessions, recovered by 125 points or ...
January 6, 2011 8:41 AM
The Reserve Bank is investigating the 300 crore rupees fraud in Citi Bank's Gurgaon branch, which saw diversion of depositors funds in stock markets. Several high networth individuals including promoters of Hero Group, were lured by Citibank's Relationship Manager Shivraj Puri, the...
January 5, 2011 9:00 PM
The Home Minister Mr. P. Chidambaram has said that no tax is worse than inflation. He, however, wondered whether the government has all tools to rein in high food prices. Mr. Chidambaram while speaking at a function in New Delhi suggested correction of some administrative prices to check food inflat...
January 5, 2011 8:55 PM
The United Nation's Food and Agricultural Organisation (FAO) today said food prices hit a record high last month, surpassing the levels seen during the 2007-08 crisis. The FAO said its food price index, a basket tracking the wholesale cost of commodities such as wheat, corn, rice, oilseeds,...
January 5, 2011 6:10 PM
The Sensex registered its sharpest decline in four weeks today, plummeting by nearly 198 points as investors offloaded interest rate-sensitive stocks amid fears of an impending rate hike by the RBI. The 30-share Sensex index of the Bombay Stock Exchange, which lost over 62 points in yesterday&ap...
January 5, 2011 6:03 PM
The Reserve Bank is investigating the 300 crore rupees fraud in Citi Bank's Gurgaon branch, which saw diversion of depositors funds in stock markets. Several high networth individuals including promoters of Hero Group, were lured by Citibank's Relationship Manager Shivraj Puri, the...
January 5, 2011 2:19 PM
The Sensex, at the Bombay Stock Exchange slipped 159 points or 0.8 percent to 20,340, in the afternoon trade, on Wednesday. The Nifty of the National Stock Exchange lost 57 points or 0.9 percent to trade at 6,090. Other stock markets in Asia were trading mixed in intra-day trade on Wednesday. Stocks...
January 5, 2011 12:28 PM
The Indian rupee dropped further by 28 paise to 45 rupees 26 piase against the American currency in the early trade. This follows persistent dollar demand from banks and corporates on the back of firm dollar overseas. At the fairly active Interbank Foreign Exchange or Forex market, the domestic curr...
January 5, 2011 12:09 PM
The Sensex which shed 51 points in the opening trade on Wednesday is now trading down by 102 points at 20396. This follows increased selling by funds and retail investors in tandem with weak Asian markets. Similarly, the wide-based National Stock Exchange index Nifty is also trading bown by 38 point...
January 5, 2011 10:00 AM
Oil was down in Asian trade on Wednesday as investors moved in to take profits following a rally that took the commodity to two-year highs. New York's main contract, light sweet crude for February delivery, dipped 38 cents to 89 dollars per barrel. Brent North Sea crude for February was dow...
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