Sensex ends negative amid profit booking

Indian markets ended in the negative terrain today as traders booked profits after fears of Greece debt crisis resurfaced. Oil & gas, metals and PSU stocks were the worst hit while realty and IT stocks showed some strength. The Bombay Stock Exchange's Sensex ended at 17,714.40, lowe...

Centre approves 20 per cent disinvestment in SAIL

The government today approved a 20 per cent disinvestment in Steel Authority of India to fetch a total of 16,000 crore rupees. The Home Minister Mr. P Chidambaram told to reporters after a meeting of the Cabinet Committee on Economic Affairs, the disinvestment, the government's equity will ...

Sensex trading above 17k

Snapping its four-day upward march, the Sensex at the Bombay Stock Exchange fell 34 points, or 0.2 per cent, to 17,936, in opening trade, today, on profit booking by investors, amid weak global cues. Falling further, the Sensex stood 138 points, or 0.8 percent in the red, at 17,832, a short while ag...

Govt bans FDI in cigarette manufacturing

The government today banned foreign direct investment (FDI) in cigarette manufacturing. Briefing reporters after the meeting of the Cabinet Committee on Economic Affairs (CCEA), Home Minister P Chidambaram said FDI will be prohibited in the manufacture of cigarettes, whether it is for domestic consu...

Sensex drop 130 points in afternoon trade

Snapping its four-day upward march, the Sensex at the Bombay Stock Exchange fell 34 points, or 0.2 per cent, to 17,936, in opening trade, today, on profit booking by investors, amid weak global cues. Falling further, the Sensex stood 138 points, or 0.8 percent in the red, at 17,832, a short while ag...

Food Inflation rises to 17.7%

Higher prices of milk, fruits and pulses pushed food inflation to 17.70 per cent for the week ended March 27. This fuelled expectations that RBI may further tighten rates in its annual monetary policy on April 20. Food inflation in the previous week stood at 16.35 per cent. With prices of essential ...

Rupee down by 7 paise against dollar

The Indian rupee turned somewhat weak today losing 7 paise to 44.61 a dollar in early trade in line with the dollar's gain overseas. Traders said fresh capital outflows by foreign funds amid weakening equity markets also influenced the trading sentiment. The rupee had closed at 44.54 a doll...

Sensex falls over 34 points on weak global cues?

Snapping the four-day upward march, the Sensex fell over 34 points in opening trade today on profit booking at higher levels amid weak global cues. The 30-share index, which had gained over 441 points in the last four sessions, lost 34 points to 17,936 in opening trade today. The wide-based National...

o promote India's international trade and investment, a Made in India Show will be organized in Dubai from 8th to 10th June this year. This was announced by President of the Federation of Indian Export Organisation (FIEO) Mr. A. Sakthivel and Consul General of India Mr, Sanjay Verma in a jo...

India should continue with its currency policy: Depak Parekh

HDFC Chairman Depak Parekh says that India should continue with its open, flexible currency policy and not keep the rupee to a fixed value. Mr. Parekh said rupee is expected to appreciates further on the back of strong foregn direct investment but will continue to fluctuate by five to ten per cent. ...