RBI doesn't have info on heavy penalty on credit-card defaults

The banking regulator of the country, Reserve Bank of India, does not have any information about "heavy penalties" and "extra-ordinary interest rates" imposed by banks on credit card defaults. In reply to a question "Is RBI aware that banks are charging h...

Sensex loses 40 points at mid session

The Bombay Stock Exchange benchmark Sensex declined by over 40 points at mid session on Tuesday as investors sold shares to book profit.The 30-share index fell by 40.91 points to 16,315.12 points at 1215 hrs following fall in banking, oil &gas and power stocks. The BSE barometer had opened h...

Deora to meet Pranab to discuss under recoveries on sale of petroleum products

The Petroleum Minister Mr. Murli Deora is scheduled to meet the Finance Minister Mr. Pranab Mukherjee later in the day to discuss under recoveries on the sale of petroleum products. The under recoveries are expected to touch over 45 thousand crore rupees this fiscal. The Petroleum Minister Mr. Murli...

Markets marginally down in volatile trade

The Sensex at the Bombay Stock Exchange on Tuesday surged 170 points, to 16,526 in opening trade, on fresh buying by investors. But the Sensex later surrendered all those gains, and stood 11 points, or 0.1 percent in the red, at 16,345, amid volatile trade, a short while ago.Key stock indices in Jap...

Sensex tumbles after early gains

The Sensex at the Bombay Stock Exchange on Tuesday surged 170 points, to 16,526 in opening trade, on fresh buying by investors. But the Sensex later surrendered all those gains, and stood 11 points, or 0.1 percent in the red, at 16,345, amid volatile trade, a short while ago.Key stock indices in Jap...

The Petroleum Minister Murli Deora said the government may decide on a mechanism to fix prices of petroleum products after an expert committee on fuel pricing submits its report this week. Speaking to reporters, Mr. Deora said the government is trying its best to see that prices are not raised. Mr D...

Rupee gains 14 paise against US dollar in early trade

The rupee on Tuesday appreciated by 14 paise 46.23 against the US currency in early trade.The Indian currency on Monday, ended lower by 21 paise at 46.37/38. Dealers said fresh capital inflows into equities by foreign funds and dollar's weakness against other currencies, mainly supported th...

Oil prices up in Asian trade

Oil prices rose in Asian trade today. New York's light sweet crude gained 58 cents in morning trade to quote at 75.01 dollars a barrel.Brent North Sea crude was up 63 cents to 73.74 dollars a barrel.Analysts said bullish US manufacturing data combined with gains in Asian equities markets to...

Sensex surged by 170 points in opening trade

The Bombay Stock Exchange benchmark Sensex surged by 170 points in opening trade on Tuesday on fresh buying by funds. Sensex was trading at 16,462, up by 106 points when reports last came in.Similarly, the wide-based National Stock Exchange index Nifty gained 28 points at 4,928 points.Brokers said t...

Export growth positive for consecutive 2nd month; Dec. exports grew by 9.3%

Recording positive growth for the second month in a row, the exports grew by 9.3 per cent in December 2009 suggesting that the country's trade is coming out of the economic blues. Imports, too turned positive after recording long 11 months of negative growth, registering an impressive growt...