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...

Markets open with 116 pts up

The Bombay Stock Exchange benchmark Sensex today rose by over 116 points in opening trade on buying by funds and retail investors in heavy weight stocks. The Sensex moved up to 17,347.49 points in opening trade. The wide-based National Stock Exchange index Nifty also rose by 32.55 points to 5,177.15...

Rupee appreciates against dollar

The rupee today appreciated by 12 paise to 46.75 a dollar in early trade in line with other firming Asian currencies.Dealers said dollar's losses against other Asian currencies and hopes of increased capital inflows by funds into equity market mainly supported the rupee. The rupee had ended...

Steps underway to augment Rabi crop to partially offset Kharif losses: Pawar

The Agriculture Minister Mr. Sharad Pawar has said, the government has taken steps to augment production and productvity of rabi crops to partially offset the losses in Kharif. Mr. Pawar was addressing 81th Annual General Meeting of the Indian Council of Agricultural Research in New Delhi yesterday....

Invest India agency launched to promote investment in country

The Minister of Commerce and Industry, Mr. Anand Sharma on Wednesday launched an Invest India agency with a view to promote investment in the country in New Delhi. Speaking on the occasion, the Minister said that it will act as the first reference point for any investor and facilitate setting up bus...

Sensex posted sharp rise to settle at 17,231

The benchmark Sensex on Bombay Stock Exchange On Wednesday staged the biggest rally in almost two months to end the day higher close to 540 points on aggressive buying by funds, triggered by government's bullish forecast on the economy and positive global trends. The 30-share Sensex posted ...

Sensex rises by 156 points

The Sensex at the Bombay Stock Exchange rose 156 points or 0.9 per cent to 16,848 in opening trade, on Wednesday morning amid firm global cues. Rising further, the Sensex had gained a massive 426 points or 2.6 per cent to 17,118 a short while ago. Stock markets in Indonesia, South Korea, Singapore, ...

ADB to provide $700mn loan to India

The multilateral funding agency Asian Development Bank,ADB will provide 700 million US dollar loan to India for funding infrastructure projects in the country. According to a release by the Ministry of Finance, an agreement to this effect was signed in New Delhi on Tuesday. The loan would be release...

Sensex gains 91 pts

Sensex up 110 points in opening trade on global cues

The Sensex at the Bombay Stock Exchange rose 110 points, or 0.7 per cent, to 16,712, in opening trade, on Tuesday morning, on fresh capital inflows by investors, amid rising global markets. Remaining firm, the Sensex stood 102 points, or 0.6 percent in the green, at 16,703, a short while ago.Stock m...