Business

April 24, 2010 6:10 PM

Indian Bank records net profit of 1544 crores

The state owned Indian Bank has recorded a net profit of 1544 crores in the last financial year. Addressing a press conference in Chennai, the Chairman and Managing Director T.M.Bhasin said priority sector credit was 44. 5 percent of aggregate credit, 4.5 percent more than the norm set by the centre...

April 23, 2010 6:59 PM

NTPC reports marginal growth of 5.5%

State-run power major NTPC today said that due to lower interest income and income tax refunds in 2009-10, the company reported a marginal growth of 5.5 per cent in the provisional profit after tax. Briefing reporters in New Delhi today, Chairman and Managing Director NTPC R S Sharma said the compan...

April 23, 2010 6:48 PM

Govt approves Rs 15,000 crore capital infusion in public sector banks

The government has decided to infuse capital funds in the public sector banks, PSBs in the current and next fiscal to meet the credit requirements of the economy. The Cabinet at its meeting chaired by the Prime Minister Dr. Manmohan Singh has approved the decision to provide capital funds to the tun...

April 23, 2010 6:48 PM

Sensex closes below 18K

The Sensex at the Bombay Stock Exchange gained 120 points to close at 17,694 points. The National Stock Exchange index Nifty regained the psychological 5,300-level by adding 34 points to 5,304 points.

April 23, 2010 1:57 PM

Sensex rises over 100 points in afternoon trade

The Sensex at the Bombay Stock Exchange surged 119 points, or 0.7 per cent, to 17,693 in opening trade, today, on sustained buying by funds. Remaining firm, the Sensex stood 104 points, or 0.6 percent in the green, at 17,678, a short while ago. But stock markets in Japan, Hong Kong, China, Singapore...

April 23, 2010 1:33 PM

Govt fixes sugar cane FRP at Rs 139.12 per quintal

The government has hiked the fair and remunerative price, FRP of sugar cane by seven per cent and fixed it at 139.12 rupees per quintal for the 2010-11 sugar season. A decision to this effect was taken by the Cabinet Committee on Economic Affairs in New Delhi this morning. The FRP of sugarcane for t...

April 23, 2010 1:29 PM

Govt fixes sugar cane FRP at Rs 139.12 per quintal

The government has hiked the fair and remunerative price, FRP of sugar cane by seven per cent and fixed it at 139.12 rupees per quintal for the 2010-11 sugar season. A decision to this effect was taken by the Cabinet Committee on Economic Affairs in New Delhi this morning. The FRP of sugarcane for t...

April 23, 2010 12:47 PM

Govt fixes sugar cane price at Rs 139.12 per quintal

Government has fixed fair and remunerative price of sugar cane at 139.12 rupees per quintal. A decision to this effect was taken by the Cabinet Committee on Economic Affairs, CCEA in New Delhi on Friday morning. According to an official release, this will be subject to a premium of 1.46 rupees at 9....

April 23, 2010 10:04 AM

Rupee down 1 paise against US dollar in early trade

The Indian rupee depreciated marginally by 1 paise to 44.55 a dollar in early trade following the US currency's gain overseas. The rupee closed higher by 1 paise at 44.54/55 a dollar in the previous session. Forex dealers said dollar's gains against other currencies weighed on the ...

April 23, 2010 10:04 AM

Sensex gains 119 points in opening trade

The Bombay Stock Exchange benchmark Sensex shot up by another 119 points in opening trade on Friday on sustained buying by funds. The 30-share index, which had gained nearly 173 points in the previous two sessions, rose by 119.13 points, or 0.68 per cent to 17,693.12. Brokers said trading sentiment ...

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