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June 30, 2010 10:13 AM
The Indian rupee depreciated by 16 paise against the US dollar in early trade on capital outflows by foreign fundsfrom equities. The domestic unit fell by 16 paise to trade at 46.64 a dollar. The rupee had closed lower by 28 paise at 46.49 a dollar in the previous session. Forex dealers said weak op...
June 30, 2010 10:12 AM
The Sensex today tanked over 160 points in opening trade on major sell-off by funds and retail investors amid slumping global markets. The 30-share index, which had lost over 240 points in the previous session, plunged by 160 points, or 0.91 per cent, to 17,374 points. All the sectoral indices, led ...
June 30, 2010 8:54 AM
The Asian Stock markets today have opened in deep red following sharp decline in the European and American markets on Tuesday night. The Nikkie Index in Japan is down by almost two per cent while markets in Malaysia, Taiwan and China are also trading at a loss of 1 to two per cent. The Indian market...
June 30, 2010 8:54 AM
The country's largest lender State Bank of India has fixed its base rate at 7.5 per cent, the new lending benchmark rate. The Bank will not provide any credit, including housing, auto or corporate loans below this rate. However, it will not apply to concessional loans for agriculture, expor...
June 29, 2010 7:41 PM
The Sensex at the Bombay Stock Exchange slumped 240 points to 17,534, today, on fears of an imminent interest rate hike, and amid weak Asian and European markets. The Nifty at the National Stock Exchange dropped 77 points, to 5,256.Stock markets markets in Japan, China, Hong Kong, Singapore and Sout...
June 29, 2010 7:39 PM
Reserve Bank says, failed monsoon last year is not the only reason for food inflation but the changing food habits may also have triggered it. RBI Deputy Governor Subir Gokarn said in Mumbai, the country is witnessing a structural change in the food habits and RBI would soon come out with a study pa...
June 29, 2010 7:39 PM
The country's largest lender State Bank of India today fixed its base rate at 7.5 per cent, the new lending benchmark rate. The Bank will not provide any credit, including housing, auto or corporate loans below this rate. However, it will not apply to concessional loans for agriculture, exp...
June 29, 2010 7:38 PM
The country's largest lender State Bank of India today fixed its base rate at 7.5 per cent, the new lending benchmark rate. The Bank will not provide any credit, including housing, auto or corporate loans below this rate. However, it will not apply to concessional loans for agriculture, exp...
June 29, 2010 2:37 PM
The Confederation of Indian Industry, CII, has decided to work in collaboration with Dhaka based India - Bangladesh Chamber of Commerce, and Industry, IBCCI, and Bangladesh Association of Software and Information Services, BASIS, to help in establishing a five billion dollar information technology i...
June 29, 2010 2:29 PM
The International Monetary Fund has said that it expects India's economic growth to accelerate, and inch closer to that of China. Talking to reporters in Washington, IMF Managing Director Dominique Strauss-Kahn said there is some concern about inflation, especially food prices, but globally...
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