Sensex zooms 311 points in afternoon trade

The Bombay Stock Exchange benchmark Sensex opened about 147 points higher at 18,367 on Monday. Sensex was trading at 18532 up by over 311 points when reports last came in. The broad-based National Stock Exchange index, Nifty also gained 90 points to trade at 5,569 points. Meanwhile, Hong Kong&ap...

Sensex zooms 218 points in afternoon trade

The Bombay Stock Exchange benchmark Sensex has opened about 147 points higher at 18,367 on Monday. Sensex was trading at 18440 up by over 218 points when reports last came in. The broad-based National Stock Exchange index, Nifty also gained 65 points to trade at 5,544 points. Meanwhile, Hong Kong&am...

Oil prices fall in Asian trade

Rupee up by 11 paise against dollar in early trade

The Indian rupee appreciated by 11 paise to 46.53 against a dollar in early trade on the Interbank Foreign Exchange on Monday. It gained 8 paise to close at two-week high of Rs 46.64 against the dollar in the previous session. Forex dealers said besides fresh capital inflows into equities by foreign...

Sensex opens 147 points higher

The Bombay Stock Exchange benchmark Sensex opened about 147 points higher at 18,367 on Monday. Sensex was trading at 18382, up by over 161 points when reports last came in. The broad-based National Stock Exchange index, Nifty also gained 41 points to trade at 5,521 points. Meanwhile, Hong Kong&a...

Parliamentary panel recommends cap on CEOs' salaries

A parliamentary panel has recommended that salaries of chief executives should be capped and shareholders should have a say in managerial remunerations. The recommendation has been made by the panel on the new Companies Bill. The panel has asked the Corporate Affairs Ministry to develop a rational f...

India to miss USD 200 bn export target: Assocham

Industry body Assocham has said that India may miss the USD 200 billion export target for 2010-11 due to sluggish demand in Europe, contrary to the government's assertion of meeting the target."India's exports would be around USD 180 billion against the target level of USD...

SBI mulling merger of other associate banks

State Bank of India (SBI) is considering the merger of all five of its remaining associate banks with itself, having amalgamated with two of them in the last two years."It (merger of other associate banks) is in my mind, but we have to see," SBI Chairman O P Bhatt said."We...

No export duty on 5.5 million bales cotton

The Government has decided to allow export of 5.5 million bales of cotton from first of October without duties. The decision in this regard has been taken at a -level meeting in New Delhi late on Friday. Talking to reporters today, Commerce Secretary Rahul Khullar said it had also been decided not t...

No export duty on 5.5 million bales cotton

The Government has decided to allow export of 5.5 million bales of cotton from first of October without duties. The decision in this regard has been taken at a -level meeting in New Delhi late on Friday. Talking to reporters today, Commerce Secretary Rahul Khullar said it had also been decided not t...