Gold prices regain 17k level in national capital

Gold prices regained the 17,000-level in the national capital today. The precious metal, which dipped below 17,000 level four days ago, rose by 80 rupees to trade at 17,040 per 10 gram on fresh buying for festivals like Christmas and New Year celebrations. Silver gained 100 rupees and silver ready t...

Govt decides to introduce Maharatna category for CPSEs

The government has decided to introduce Maharatna catagory for Central Public Sector Enterprises, CPSEs that will have greater financial and operational autonomy than Navratnas .This is to enable mega public sector enterprises to expand their operations and emerge as global giants. The decision was ...

Govt unveils draft of FDI policy

The government on Wednesday unveiled the first draft of much awaited Foreign Direct Investment Policy, FDI. Releasing a compendium of all FDI -related 177 press notes in New Delhi on Thursday, the Commerce minister Mr. Anand Sharma said comments from public and stake holders have been invited till 3...

Sensex closes at a 19-month high on Christmas eve trading

Extending its gains for the third straight day, the Sensex at the Bombay Stock Exchange rallied 130 points, or 0.8 percent, to close at a 19-month high of 17,361, on Thursday, amid easing food inflation and positive global cues. The Nifty at the National Stock Exchange rose 34 points or 0.7 per cent...

Rupee appreciates by 22 paise, against $

The rupee appreciated 22 paise, to 46.65 against the dollar. Gold surged 290 rupees, to 16,990 rupees per ten grams in Delhi, on festive demand. And crude oil futures rose 21 cents, to 76.88 dollars a barrel on the New York Mercantile Exchange.

Sensex rallies 130 pts to close at 19-month high

Extending its gains for the third straight day, the Sensex at the Bombay Stock Exchange rallied 130 points, or 0.8 percent, to close at a 19-month high of 17,361, on Thursday, amid easing food inflation and positive global cues. The Nifty at the National Stock Exchange rose 34 points or 0.7 per cent...

Food inflation softens

Food inflation softened to 18.65 per cent for the week ending December 12, though essential items like potato and pulses continued to remain expensive. The food inflation declined by 1.30 percentage points during the second week of December from 19.95 per cent in the previous week. Potato prices rem...

Sensex gains 129 pts on Christmas Eve

Govt. issues draft on FDI policy

Government today released the first draft to consolidate and simplify Foreign Direct Investment Policy. Releasing the policy in New Delhi today, the Commerce Minister Mr. Anand Sharma said that with all the 177 press notes issued, the policy have been consolidated for better understanding of the inv...

CCEA gives nod to Jet Airways to raise capital through FDI

The Cabinet Committee on Economic Affairs gave a green signal for a proposal of M/s Jet Airways India Ltd. to raise capital of upto four hundred million dollars through FDI. The proposal was recommended by the foreign investment promotion board. The Cabinet Committee on Infrastructure gave approval ...