Business

October 5, 2010 9:06 AM

Savings A/C deregulation to banks hinder stability: bankers

Bankers expressed reservations on the Reserve Bank's proposal to deregulate interest rates on savings bank accounts. They said such a move will hinder stability of banks.Indian Banks Association's Chief Executive, K Ramakrishnan, told PTI in Mumbai that if the deregulation comes, t...

October 4, 2010 10:19 PM

Rupee gains 20 paise against US dollar

The Indian rupee gained 20 paise to a five-month high of 44.27 rupee against the US dollar in opening trade on Monday. The rupee had ended 47 paise higher at 44.47 rupees against the American currency in the previous session.Forex traders said fresh capital inflows into equities by foreign funds kep...

October 4, 2010 10:18 PM

Sensex gained 31 pts to close above 20k

The Sensex at the Bombay Stock Exchange gained 31 points, or 0.2 percent, to close at a 33-month high of 20,476, on sustained buying by foreign funds, today. The Nifty at the National Stock Exchange rose 16 points, or 0.3 percent, to 6,159. Stock markets in HongKong, Singapore and South Korea rose b...

October 4, 2010 10:18 PM

Sensex gained 31 pts to close above 20k

The Sensex at the Bombay Stock Exchange gained 31 points, or 0.2 percent, to close at a 33-month high of 20,476, on sustained buying by foreign funds, today. The Nifty at the National Stock Exchange rose 16 points, or 0.3 percent, to 6,159. Stock markets in Hong Kong, Singapore and South Korea rose ...

October 4, 2010 5:40 PM

Ban on edible oil export extended by one year

The government has extended the ban on export of edible oil by one more year, with the aim of boosting domestic supply. The Directorate General of Foreign Trade said in a notification in the capital that the ban will remain in force till September 30, 2011. The export prohibition, which first came i...

October 4, 2010 5:40 PM

Ban on edible oil export extended by one year

The government has extended the ban on export of edible oil by one more year, with the aim of boosting domestic supply. The Directorate General of Foreign Trade said in a notification in the capital that the ban will remain in force till September 30, 2011. The export prohibition, which first came i...

October 4, 2010 5:39 PM

Sensex gained 31 pts to close at 20,476

The Sensex at the Bombay Stock Exchange gained 31 points, or 0.2 percent, to close at a 33-month high of 20,476, on sustained buying by foreign funds, today. The Nifty at the National Stock Exchange rose 16 points, or 0.3 percent, to 6,159. Stock markets in Hong Kong, Singapore and South Korea rose ...

October 4, 2010 2:00 PM

Sensex stands 93 points up in afternoon trade

The Sensex at the Bombay Stock Exchange jumped 188 points, to a nearly 33-month high of 20,633, in opening trade on Monday, on the back of strong foreign fund inflows, and firm Asian markets. After paring some of its initial gains, the Sensex still stood 93 points, or 0.5 percent in the green, at 20...

October 4, 2010 12:03 PM

Sensex looses early gains; up by 116 points

The BSE benchmark Sensex shot up by over 187 points in the opening trade on Monday to 20,632. This is the highest point in nearly 33 months. However, later it lost some of its initial gains and was trading at 20,561 up by 116 points a short while ago. Anlaysts said the rise in the sensex is due to s...

October 4, 2010 10:46 AM

Oil prices down in Asian trade

Oil prices were down in Asian trade on Monday. New York's light sweet crude lost six cents to 81.52 dollars a barrel while Brent North Sea crude eased a cent to 83.74 dollars a barrel. Analysts said oil prices were taking a break from gains made last week but would continue climbing in the ...

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