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April 13, 2010 10:06 AM
In a major relief to ULIP holders and insurance companies, the government stepped in to ensure that the business of selling equity-linked insurance plans can go ahead as before. The Finance Ministry's intervention comes after the two regulators SEBI and IRDA clashed with each other over reg...
April 13, 2010 10:04 AM
The Bombay Stock Exchange benchmark Sensex fell over 78 points in early trade today on capital outflows by foreign funds amid weak Asian cues. The 30-share index, which had lost 80 points in the previous session, fell further by 78 points or 0.43 per cent to 17,774. The wide-based National Stock Exc...
April 12, 2010 1:29 PM
Oil prices rose in Asian trade today. New York's main contract, light sweet crude added 46 cents to 85.38 dollars a barrel. Brent North Sea crude was up 50 cents to 85.33 dollars per barrel.
April 12, 2010 12:43 PM
Industrial growth maintained a high growth rate of over 15 per cent for the third month in a row in February. Industrial growth, as measured by the index of industrial production (IIP), however, was slightly lower than around 16 per cent of the previous month and 17.6 per cent in December. The high ...
April 12, 2010 12:21 PM
The Finance Ministry today said it will look into the orders of the two regulators SEBI and IRDA on equity linked products sold by 14 companies. Talking to reporters in New Delhi today the Finance Secretary Ashok Chawla said that he will look in to both the orders internally and discuss it. Taking S...
April 12, 2010 10:21 AM
The rupee appreciated by 5 paise to trade at over a 19-month high of 44.23 a dollar in early trade today. The domestic currency had gained 17 paise to close at 44.28 in the previous session.
April 12, 2010 9:56 AM
The Bombay Stock Exchange benchmark Sensex gained over 62 points to 17,995 points in opening trade today.The wide-based National Stock Exchange index Nifty also went up by 20 points or 0.38 per cent to 5,382 points. The US Dow Jones Industrial Average had ended 0.64 per cent higher in the previous s...
April 11, 2010 9:30 PM
The Confederation of Indian Industry and Dhaka based India-Bangladesh Chambers of Commerce and Industry have decided to set up a joint working group to enhance bilateral trade and investment between India and Bangladesh. The two business chambers announced this as the part of joint declaration issue...
April 10, 2010 6:46 PM
Finance Minister has hinted further roll back of stimulus measures announced in back drop of the global financial crisis. Speaking at a function in Kolkata today he said economic recovery has offered room for such a move. He said he is hopeful that the economy could still grow up to 8.75 per cent in...
April 10, 2010 6:43 PM
The Finance Ministry says market regulator - SEBI - and insurance watchdog Insurance Regulatory Development Authority - IRDA - should resolve the ongoing row between them over unit-linked insurance products -ULIPs. Finance secretary Ashok Chawla said this to reporters in New Delhi today.His comments...
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