Sensex trading in green

Extending Wednesday's rally, the Sensex at the Bombay Stock Exchange rose 82 points, or 0.4 per cent, in opening trade today. Remaining steady, the Sensex stood 87 points, or 0.4 per cent in the green, at 20,343, a short while ago. Firm Asian bourses, and covering up of short positions by s...

Govt. working on an alternative settlement on payments for Iranian crude oil

Government today said that it is working on an alternative settlement mechanism, following the Reserve Bank's decision not to facilitate payments for Iranian crude oil. Talking to reporters in New Delhi today, Petroleum and Natural Gas Secretary, S. Sundareshan said that issue is being disc...

Follow-on public offer in ONGC will be taken on board before end of this fiscal

Government today asserted that the Follow-on public offer in ONGC will be taken on board before the end of this fiscal. The offer provides for 5 per cent divestment in the public sector undertaking. This is part of the disinvestment process started by the government. However, the decision on Indian ...

BSE Sensex trading up by 84 points

Sensex is trading up by 84 points at 20340.The wide-based National Stock Exchange Nifty index is also up by 18 points at 6078.

Food inflation surges to a 10-week high

Food inflation surged to a 10-week high of 14.44 per cent for the week ended December 18. This follows rise in prices of vegetables, particularly onions, fruits, cereals and protein-based products, continued to escalate.Food inflation stood at 12.13 per cent in the previous week. This is the fifth c...

Food inflation rises

Food inflation soars to 14.44 per cent for week ended December 18 from 12.13 per cent in the previous week.

BSE Sensex trading up by 72 points

Sensex which rose by almost 82 points in opening trade is now trading up by 72 points at 20327. The wide-based National Stock Exchange Nifty index which moved up by 19.50 points, in early trade is now trading up by only 12.85 points at 6073.

Mining Sector to have a new Bill soon

A new Bill is under active consideration of the Government to ensure transparency, equity, elimination of discretions, effective redressal and regulatory mechanisms in the Mining Sector. It will replace the existing Act that regulates Mines and Minerals in the country. According to an official relea...

Coal India produces 532 million tonnes of coal this year

RBI directs bank to mandatorily close PPF accounts of HUFs

The Reserve Bank has directed banks to mandatorily close the Public Provident Fund,PPF, accounts of Hindu undivided families, HUFs, which have completed 15 years and refund the money by March 2011. The Apex bank has said that henceforth HUFs will not be allowed to keep their accounts functional for ...