MoS Finance says, banking system in India undergone significant changes

Rupee appreciates by11 paise against dollar

The Indian rupee appreciated by 11 paise to 47.05 a dollar in early trade on the Interbank Foreign Exchange today. The rupee had closed lower by 80 paise at 47.16/17 against the dollar in Tuesday's trading.

BSE Sensex up by 78 points

The Bombay Stock Exchange benchmark Sensex recovered by over 106 points in opening trade today on emergence of buying by foreign funds amid a firming Asian trend. Sensex was trading at 16658, up by over 78 points when reports last came in. Stocks of auto, consumer durables and realty sectors were in...

Gold prices touch an all time high of 19,050 rupees per ten grams in Delhi

Gold prices zoomed to an all-time high of 19,050 rupees per ten grams in the national capital yesterday. This follows skyrocketing global rates amid the ongoing marriage season in India. In international markets, gold prices surged for the seventh straight day as the European debt crisis increased d...

Sensex loses 372 points to close at 16572

The Sensex closed 372 points down at 16572. The market opened 87 points lower, at 16,858, amid weak Asian markets and was later dragged down further by a weak opening in the European markets.

computerisation of FIU data to help real time analysis

The country's financial intelligence will now be on a comprehensive digital platform to help enforcement agencies gain real time access to critical information and faster analysis of suspicious transactions. Finance Ministry sources said the computerisation of the Financial Intelligence Uni...

Gold sizzles amid marriage season

Gold prices zoomed to an all-time high of 19,050 rupees per ten grams in the national capital today.This follows skyrocketing global rates amid the ongoing marriage season in India.In international markets, gold prices surged for the seventh straight day as the European debt crisis increased demand ...

Foreign exchange reserves comfortable: Subbarao

Reserve Bank of India Governor D Subbarao today said the country's foreign exchange reserves are quite comfortable and there is no threat to it from the euro zone crisis. He said in Pune that our reserves are being managed efficiently with help from experts.The RBI Governor said, India need...

Sensex tumbles 373 points

Snapping four day's of gains, the Sensex at the Bombay Stock Exchange tumbled 373 points to 16,572, amid weak global markets. The Nifty at the National Stock Exchange slid 116 points, or 2.3 percent, to 4,970.

India's exports grow by a staggering 36.2 per cent in April

India's exports grew by a staggering 36.2 per cent in April to 16.88 billion US Dollars continuing its growth momentum for the sixth consecutive month. The government data released today in New Delhi showed, last April, exports had shrunk nearly 30 per cent to 12.4 billion US Dollars in lin...