Business

August 11, 2010 2:27 PM

RBI brings discussion paper on new banking licenses

The Reserve Bank of India today brought out a discussion paper on giving out new banking licenses to business houses and non-banking finance companies, and regulations for them to foster greater competition. The central bank said in a discussion paper, that it is considering providing licenses to a ...

August 11, 2010 2:26 PM

Sensex down 76 points

The Sensex at the Bombay Stock Exchange opened 44 points, or 0.2 per cent higher, at 18,264, this morning, helped by a recovery in auto stocks. But the Sensex has since given up all its early gains, to stand 76 points, or 0.4 percent in the red, at 18,144, a short while ago.Other Asian bourses in Ja...

August 11, 2010 10:44 AM

Rupee weakens by 10 paise

The Indian rupee eased by 10 paise to Rs 46.49 a dollar in early trade. Forex dealers said besides the dollar's gains against other major currencies, increased demand from importers for US currency also put pressure on the rupee. The rupee had ended lower by 27 paise at one-week low of 46.4...

August 11, 2010 10:43 AM

Sensex opens higher

The Bombay Stock Exchange benchmark Sensex today opened almost 44 points higher than yesterday trade. The 30-share index, which had lost 67 points in the previous session, gained 43points or 0.24 per cent to 18,263 points in the opening trade. The wide-based National Stock Exchange's Nifty ...

August 11, 2010 8:53 AM

Home, auto, education loans become costlier

Home, auto and education loans from a host of banks have become costlier for existing borrowers by up to 75 basis points, after lenders hiked interest rates following the RBI's move to tighten monetary policy. While the country's second largest public sector lender, Punjab National...

August 10, 2010 5:31 PM

Sensex down 68 points

The Sensex at the Bombay Stock Exchange lost 68 points, or 0.4 percent, to 18,220, on profit-booking, and amid weak global markets, today. The Nifty at the National Stock Exchange fell 25 points, or 0.5 percent, to 5,461. Stock markets in Japan, China, Singapore, Hong Kong and South Korea lost betwe...

August 10, 2010 5:29 PM

Sensex 98 points down in afternoon trade

The Sensex at the Bombay Stock Exchange opened 57 points or 0.3 percent lower at 18,231 Tuesday morning on profit-booking by investors and amid weak Asian markets. Falling further, the Sensex stood 98 points or 0.5 percent in the red at 18,189 a shortwhile ago.Other Asian markets in Japan, Singapore...

August 10, 2010 2:28 PM

Sensex 98 points down in afternoon trade<br/><br/> <br/>

The Sensex at the Bombay Stock Exchange opened 57 points or 0.3 percent lower at 18,231 Tuesday morning on profit-booking by investors and amid weak Asian markets. Falling further, the Sensex stood 98 points or 0.5 percent in the red at 18,189 a shortwhile ago.Other Asian markets in Japan, Singapore...

August 10, 2010 1:09 PM

Sensex down by 63 points in afternoon trade<br/><br/>

The Bombay Stock Exchange benchmark Sensex on Tuesday opened 56 points down as funds and retail investors booked profits. Sensex was trading at 18,223 down by 63 points when reports last came in. Similarly, the National Stock Exchange index Nifty is down by 21 to 5,479 points.

August 10, 2010 10:22 AM

Rupee down by 13 paise against US dollar in early trade

The rupee depreciated by 13 paise to trade at 46.25 against dollar. The Indian currency had ended higher by 3 paise at 46.12/13 a dollar on Monday. Dealers said the weakening of rupee is due to increased dollar demand from importers amid weak equity markets.

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