RBI issues fresh guidelines on credit cards

The Reserve Bank of India today issued fresh guidelines on credit cards regarding transparency in charging interest rates on customers. The central bank warned banks and financial institutions to strictly follow its guidelines. The RBI has issued fresh directives in view of the numerous complaints f...

Finance Ministry to arm tax authorities with DTAA data

The Finance Ministry has decided to arm its tax authorities with exhaustive financial and personal data of Indian residents who use the exemption clauses under the Double Taxation Avoidance Agreement (DTAA) and escape paying taxes in one of the countries. Official sources said that the ministry will...

Anand, Kiang emphasizes on early conclusion of India-Asean free trade agreement

Sensex up 182 points

Rising for the second straight session, the Sensex at the Bombay Stock Exchange jumped 182 points, or 1 percent, to 17,834, lifted by a surge in telecom stocks, and amid firm Asian markets, today. The Nifty at the National Stock Exchange rose 56 points, or 1.1 percent, to 5,352.Stock markets in Japa...

WB clears $407 million for scaling up of micro-finance in India

India has signed two agreements for a World Bank loan of 407 million US dollars for scaling up of sustainable micro-finance and strengthening of the statistical institutions in the country. According to an official release, a loan of 300 million US dollars for the first project to be implemented by ...

Sensex gains over 150 points in afternoon trade

The Sensex at the Bombay Stock Exchange rose 156 points, to 17.807, in early trade this morning on a firm trend in the Asian bourses following overnight gains in the US market. Remaining firm, the Sensex stood 151 points, or 0.9 per cent in the green, at 17.803, a short while ago.Asian markets in Ja...

Sensex up by 156 points in noon trade

The Bombay Stock Exchange benchmark Sensex rose by over 155 points in early trade today. The rise is on sustained buying of RIL, Infosys and Bharti Airtel stocks amid a firming trend in global markets. The Sensex was trading at 17,808 up by 156 points when reports last came in. Similarly, the wide-b...

Rupee gains 12 paise against dollar

The Indian rupee gained 12 paise to 46.74 against the US dollar in early trade on the Interbank Foreign Exchange today. The rupee had closed 17 paise higher at 46.86/87 against the American currency in the previous session. Forex dealers said that increased foreign fund capital inflows into rising e...

Sensex rises by 155 points in early trade

The Bombay Stock Exchange benchmark Sensex rose by over 155 points in early trade today. The rise is on sustained buying of RIL, Infosys and Bharti Airtel stocks amid a firming trend in global markets. The Sensex was trading at 17,651, up by 180 points when reports last came in. Similarly, the wide-...

Sensex rises by 181 points amid rising international markets

The Sensex at the Bombay Stock Exchange jumped 181 points, or 1 percent, to 17,652, amid rising Asian and European markets, today. The Nifty at the National Stock Exchange gained 56 points, or 1.1 percent, to 5,297.