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January 31, 2010 9:04 AM
In high volatility, the Bombay Stock Exchange benchmark Sensex tumbled by 502 points, or 3 per cent, this week on heavy selling after fears of tightening of monetary policy and regulations for US banks to invest in equities. Worries of tightening of monetary policy reduced temporarily when the Reser...
January 30, 2010 8:06 PM
Peugeot Citroen, Europe's second-biggest carmaker, is to follow Toyota in recalling some cars made with Toyota in Europe. A spokesman said for Peugeot 107s and Citroen C1s, the company is going to carry out an identical campaign as Toyota. Both models are made in a Czech plant, a joint vent...
January 30, 2010 1:22 PM
The government has postponed to the next fiscal auction of spectrum for 3G telephony which was expected to bring in 35,000 crore rupees to the exchequer. Senior officials in the Department of Telecom say that the auction is expected to take place in August-September this year.
January 29, 2010 6:39 PM
The markets today ended in the green, almost discounting the 75 bps CRR hike move of RBI while banks also ruled out the rate hike post the RBI move. The benchmark index at the Bombay Stock Exchange gained 51.09 points to close at 16,357.96. Ahead of the policy announcement, the markets today suffere...
January 29, 2010 5:25 PM
The government has postponed to the next fiscal auction of spectrum for 3G telephony which was expected to bring in 35,000 crore rupees to the exchequer. Senior officials in the Department of Telecom say that the auction is expected to take place in August-September this year. The Ministry of Defenc...
January 29, 2010 5:24 PM
The country's economy expanded by 6.7 per cent in 2008-09 fiscal, according to revised estimates based on a new calculation methodology. The new approach of calculating national income took into account 2004-05 prices while the earlier estimate was based on 1999-2000 prices.GDP was estimate...
January 29, 2010 2:11 PM
Immediately after the announcement of the quarterly credit policy review, the Sensex at the Bombay Stock Exchange plunged 300 points. But the Sensex has since recovered considerably, and stood 62 points, or 0.4 percent in the red, at 16,245, a short while ago. Earlier, in the morning, the Sensex had...
January 29, 2010 1:56 PM
The Bombay Stock Exchange benchmark Sensex opened lower by 182 points on Friday on heavy selling by funds. The 30-share index was trading at 16,075, down by over 231 points when reports last came in. Similarly, the National Stock Exchange index Nifty fell by 69 points to quote at 4,791points. Market...
January 29, 2010 12:36 PM
The Reserve Bank of India (RBI) has hiked the Cash Reserve Ratio (CRR) by 75 basis points to 5.75 per cent and kept the repo rate and reverse repo rate unchanged.In the Third Quarter Review of Monetary Policy 2009-10 today in Mumbai, the central bank decided to hike CRR by 75 basis points in two tre...
January 29, 2010 12:13 PM
In its latest credit policy review, the Reserve Bank of India, today hiked the Cash reserve ratio, CRR, by 75 basis points, from 5 percent to 5.75 percent. The CRR hike is to suck out liquidity to the tune of 36,000 crore rupees from the system. The RBI has kept the repo rate unchanged at 4.75 perce...
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