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June 21, 2010 5:33 PM

RBI warns public against dubious offers, cheap funds

The Reserve Bank of India today advised the public not to fall prey to any ficticious offers, lottery winnings or cheap fund offers being made in the name of RBI. Reiterating that Foriegn Exchange Management Act, 1999 prohibits remittance in any form towards participation in lottery schemes, Executi...

June 21, 2010 2:21 PM

Sensex surges over 300 pts in afternoon trade

The Sensex at the Bombay Stock Exchange opened 234 points or 1.3 per cent higher, at 17,804, amid firm Asian markets, on Monday. Climbing further, the Sensex stood 300 points, or 1.7 percent in the green, at 17,871 a short while ago. Other Asian markets China, Japan, Hong Kong, South Korea, Indonesi...

June 21, 2010 10:47 AM

Rupee gains 58 paise against US dollar in early trade

The rupee gained 58 paise to 45.58 a dollar in early trade on Monday on the back of fresh capital inflows by foreign funds into equities. The dollar weakening against other major Asian currencies also supported the rupee. The domestic currency had closed 14 paise higher at 46.17 in the previous sess...

June 21, 2010 9:56 AM

Sensex opens 233 pts higher on firm global cues

The Bombay Stock Exchange benchmark Sensex on Monday opened 233 points higher on buying by funds, which took cues from firm global markets. The 30-share index shot up by 233.60, or 1.33 per cent, to 17,804.42 points in the first five minutes of trading. Similarly, the wide-based National Stock Excha...

June 20, 2010 1:54 PM

Unit-linked plans to come under IRDA purview

The government has ended a two-month long turf war between insurance regulator, IRDA and capital market watchdog SEBI, saying Unit Linked Insurance Products (ULIPs) will be regulated by IRDA. An ordinance amending several laws to this effect has been promulgated by the President. According to an off...

June 19, 2010 8:54 PM

Govt. ends turf war between IRDA and SEBI

The government has ended a two-month long turf war between insurance regulator - IRDA and capital market watchdog SEBI, saying Unit Linked InsuranceProducts (ULIPs) will be regulated by IRDA. An ordinance amending several laws to this effect has been promulgated by the President last evening. Accord...

June 19, 2010 8:53 PM

RBI to forecast inflation

The Reserve Bank of India will up inflation forecast in it's July review. Talking to reporter in Hydrabad, RBI Governor D Subbarao indicated that the central bank will revise its inflation projection upwards for the year in view of the persistent increase in the prices of commodities and fo...

June 19, 2010 9:24 AM

RBI to inflation forecast

The Reserve Bank of India will up inflation forecast in it's July review. Talking to reporter in Hydrabad, RBI Governor D Subbarao indicated that the central bank will revise its inflation projection upwards for the year in view of the persistent increase in the prices of commodities and fo...

June 18, 2010 6:43 PM

Gold up by Rs 25 to Rs 19000 per 10 g

Gold rose 25 rupees, to 19,000 rupees per ten grams at Delhi's bullion market, on Friday. Silver ready jumped 200 rupees, to 29,800 rupees per kilo.

June 18, 2010 6:15 PM

Sensex down by 46 pts

Snapping a seven - session rally, the Sensex at the Bombay Stock Exchange fell 46 points to 17,571, on Friday , on profit - booking by investors. The Nifty at the National Stock Exchange shed 12 points , or 0.2 per cent, to 5,263 points Stock Markets in Japan, China , Singapore, South Korea and Hong...

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