BSE Sensex sheds over 250 points in afternoon trade

SBI fixes lending rate at 7.5 per cent

Country's largest public sector lender State Bank of India today fixed its benchmark lending rate at 7.5 per cent following a Reserve Bank directive. The bank said in a regulatory filing to the Bombay Stock Exchange that the rate will come into effect from July 1. The move will end the prac...

BSE Sensex falls by over 98 points in opening trade

The Bombay Stock Exchange benchmark Sensex today fell by over 98 points in the opening trade as investors sold stocks in blue-chips amid weak Asian cues. The 30-share index, which had gained almost 200 points on Monday's session, fell to 17,675 points. Oil and gas, banking and metal sector ...

French energy company TOTAL stops petrol deliveries to Iran

French energy company TOTAL says that it has stopped petrol deliveries to Iran amid growing international pressure over Iran's nuclear programme. TOTAL confirmed the move days after the U.S Congress passed unilateral sanctions that could punish companies doing business with Iran. The sancti...

IRDA rises lock-in period for all ULIPS products in insurance sector

After winning the turf war with the markets regulator SEBI over control over ULIPS, the insurance watchog IRDA tightened the norms for these schemes by rising the lock-in period and raising the insurance cover on them. In a guidance note, released on Monday, IRDA said that the lock-in period for all...

Production of crude oil up by over 5.5 %

The production of crude oil rose by over 5.5 per cent and that of natural gas by 43.5 per cent in the first two months of the current financial year as compared to the production in the corresponding period last year. In April May this year, the production of crude oil was 5.816 million metric tons ...

Sensex up 200 points

The Sensex at the Bombay Stock Exchange jumped 200 points, or 1.1 percent, to 17,774, today. The Nifty at the National Stock Exchange rose 64 points, or 1.2 percent, to 5,334. The domestic market was lifted by positive European markets, after the Group of 20 leaders said they will focus on nurturing...

ICSI enters into a MoU with CBEC

The Institute of Company Secretaries of India, ICSI has entered into a Memorandum of Understanding, MoU, with the Central Board of Excise and Customs (CBEC). This will enable Company Secretaries in practice to set up Certified Facilitation Centres which will facilitate e-filing of returns and other ...

BSE Sensex up over 100 points in noon trade

The Sensex at the Bombay Stock Exchange opened 107 points, or 0.6 per cent higher, at 17,682, today, on emergence of buying by investors. Remaining firm, the Sensex stood 110 points, or 0.6 per cent in the green, at 17,684, a short while ago. Meanwhile, stock markets in Taiwan, South Korea, Indonesi...

BSE Sensex up by 81 points

Sensex is trading up by 81 points at 17565 in the noon trade. The stock market opened 96 points up at 17670 today. National Stock Exchange Nifty is also up by 27 points at 5295.