Japanese stock market falls to its lowest level in five months

The Japanese stock market has fallen to its lowest level in five months following earlier loses in Wall Street in Europe. The Nikke average dropped by almost two-and-a-half per cent amid fears that Japanese exports will be hurt by the devaluation of the Euro.

Declining value of Euro to not affect Indian foreign exchange: RBI

Reserve Bank of India today said that the declining value of Euro will not affect Indian foreign exchange reserve, as Euro is only a small component of forex. RBI Deputy Governor K C Chakrabarty said in Kochi that the dollar is strengthening against all currencies, including the rupee and there is n...

Sensex ends with relatively modest loss

Rebounding smartly off its early lows, the Sensex at the Bombay Stock Exchange ended with a relatively modest loss of 74 points, or 0.5 per cent, at 16,446, amid weak global markets, today. The Nifty at the National Stock Exchange fell 16 points, or 0.3 percent, to 4,931.

Finance Secretary and other finance experts of G-20 countries attend a conference in Germany

Finance Secretary Ashok Chawla and Joint Secretary Alok Sheel represented India at a conference of senior finance ministry, central bank officials and finance market experts from the G-20 countries in Berlin in Germany. The meet was held on Thursday in preparation of the summit of the heads of state...

BSE Sensex recovers

The Sensex at the Bombay Stock Exchange tumbled 333 points, to 16,187 in opening trade, today. The market fell on heavy selling by investors, following a steep fall in the global bourses, on concerns that the European fiscal crisis might deepen further and hurt global growth. But the Sensex has sinc...

US Senate passes a bill providing sweeping overhaul of financial regulations

The US Senate has passed a bill providing the most sweeping overhaul of financial regulations since the 1930s. The Senate passed the bill by 59 votes to 39. The bill creates new ways to watch for financial risks and makes it easier to liquidate large failing firms. President Obama said Americans wou...

BSE Sensex recovers

The Sensex at the Bombay Stock Exchange tumbled 333 points, to 16,187 in opening trade, today. The market fell on heavy selling by investors, following a steep fall in the global bourses, on concerns that the European fiscal crisis might deepen further and hurt global growth. But the Sensex has sinc...

Rupee depreciates by 12 paise

The rupee depreciated by 12 paise to 47.25 a dollar in early trade today on capital outflow by foreign funds from equities and the dollar's gain overseas.Forex dealers said continued capital outflow by foreign funds from stock market and dollar's strength against other major curren...

BSE Sensex down over 332 points in opening trade

Auction of 3G spectrum licenses will help govt. to cut borrowings: Montek

The 67,700-crore rupees revenue boost from the auction of 3G spectrum licences will help the government reduce its borrowings in the current fiscal. Planning Commission Deputy Chairman Montek Singh Ahluwalia said in New Delhi today that government has a gross borrowing target of 4.57 lakh crore rupe...