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November 8, 2009 10:04 AM
Industry body Assocham has asked the government to encourage mergers of smaller banks to create larger ones in order to mitigate risks arising out of surge in non-performing assets (NPAs). The chamber said, on an average there was a 26 per cent rise in net NPAs of 21 public sector and commercial ban...
November 8, 2009 9:26 AM
The three-day India Economic Summit gets underway in New Delhi today. The summit, to be opened by the Prime Minister Dr. Manmohan Singh, will be attended by more than 800 delegates from 40 countries. Several cabinet ministers, Deputy Chairman of the Planning Commission, business and industry leaders...
November 6, 2009 9:15 PM
The European Union has assured that there would be no intervention to stop exports from India. Speaking at the EU-India Business summit in New Delhi today, EU trade Commissioner Ms Baroness Catherine Ashton said that the EU would ensure hassle free shipping of goods. She was responding to a question...
November 6, 2009 5:58 PM
The Prime Minister Dr. Manmohan Singh hopes negotiations on broad based trade and investment agreement with European Union will be concluded in a year. He said that trade in goods and a service between the two sides has doubled in the last five years despite the impact of the global economic melt do...
November 6, 2009 5:57 PM
On the back of positive global cues the Indian stock markets ended in positive for the third straight day. The BSE Sensex today ended 94 points higher to close at 16158. Aggressive buying in selective frontline stocks like PSU, realty and metal stocks led the advances in the markets today. In the br...
November 6, 2009 1:41 PM
Domestic private airlines Jet and Kingfisher have hiked fuel surcharge while some others including Spice Jet may soon follow. The fuel surcharges have been hiked by up to 200 rupees on domestic flights. The hike comes into force with immediate effect. The fuel surcharge on flights below 1,000 kilome...
November 6, 2009 1:27 PM
The Bombay Stock Exchange benchmark Sensex soared by 208 points to 16,272 points in opening trade on continued buying by funds. The 30-share BSE index was trading at 16217, up by 153 points when reports last came in. The wide-based National Stock Exchange index Nifty also gained 50 points to trade h...
November 6, 2009 12:45 PM
The Bombay Stock Exchange benchmark Sensex today soared by 208 points to 16,272 points in opening trade. The 30-share BSE index was trading at 16248, up by 184 points when reports last came in. The wide-based National Stock Exchange index Nifty also gained 65.50 points to trade higher at 4,831.Broke...
November 6, 2009 11:20 AM
Oil prices rose above 80 dollars a barrel today in Asia. Benchmark crude was up 47 cents to 80.09 dollars a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.Dealers said better indexes in stock markets globally and signs of a drop in US oil supplies in recent...
November 6, 2009 11:00 AM
The Bombay Stock Exchange benchmark Sensex today soared by 208 points to 16,272 points in opening trade. The 30-share BSE index was trading at 16248, up by 184 points when reports last came in. The wide-based National Stock Exchange index Nifty also gained 65.50 points to trade higher at 4,831.Broke...
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