Business

November 1, 2009 10:42 AM

SBI's Q2 net profit goes up

The country's largest lender, State Bank of India (SBI), has reported a consolidated net profit of Rs. 3,133 crore for the second quarter ended 30th September. The bank had a net profit of Rs. 2,458 crore in the same period previous fiscal, SBI said in a filing to the Bombay Stock Exchange....

October 31, 2009 1:59 PM

RBI Reference rate for US dollar and Euro

The Reserve Bank of India on Friday fixed the Reference rate for the US currency at Rs 46.96 per dollar and the single European unit at Rs 69.65 per euro from Rs 47.52 per dollar and Rs 69.97 per euro respectively on Thursday. In a press note issued in Mumbai by the apex bank, the exchange rates of ...

October 31, 2009 1:54 PM

Airtel joins tariff war; introduces pay-per-second plan

Joining the tariff war, India's largest mobile operator Bharti Airtel on Friday introduced a "pay per second" plan across the country. In this plan, called Freedom Plan, Airtel customers will be charged one paise per second for all Local and STD calls to Airtel numbers and...

October 31, 2009 1:42 PM

Bush favours UNSC seat for India

Former US President George W Bush today favored a permanent seat for India at the United Nations Security Council, saying it has arrived as a strong democratic country in the world. He also wanted India and the US to work together to win the war on terror in Afghanistan to bring peace and stability ...

October 30, 2009 9:10 PM

Sensex slides for the 5th day to close below 16k

The slide in the Indian markets continued for the fifth consecutive day today. The benchmark index at the Bombay Stock Exchange closed at 15,896 with a loss of 156 points. The Sensex closed below the 16,000 mark for the first time in 36 sessions although the markets had opened higher following stron...

October 30, 2009 8:54 PM

Sensex slide for the 5th day, to close below 16k level

The slide in the Indian markets continued for the fifth consecutive day today. The benchmark index at the Bombay Stock Exchange closed at 15,896 with a loss of 156 points. The Sensex closed below the 16,000 mark for the first time in 36 sessions although the markets had opened higher following stron...

October 30, 2009 7:11 PM

China: new stock market kicks off with strong gains

China's ChiNext, the new Nasdaq-style stock market, kicked off trading this morning with strong gains. It is designed to attract financing for small to medium sized enterprises. All 28 debutant stocks listed on ChiNext, part of the Shenzhen Stock Exchange in southern China, were halted for ...

October 30, 2009 6:21 PM

Sensex sheds 156 points , close below 16K mark

The slide in the Indian markets continued for the fifth consecutive day today. The benchmark index at the Bombay Stock Exchange closed at 15,896 with a loss of 156 points. The Sensex closed below the 16,000 mark for the first time in 36 sessions although the markets had opened higher following stron...

October 30, 2009 2:03 PM

BSE Sensex surges over 300 points

The Sensex at the Bombay Stock Exchange surged over 300 points, to 16,353 in opening trade on Friday morning on fresh buying by funds and retail investors. But after surrendering all of its early gains, the Sensex stood 127 points, or 0.8 percent in the red, at 15,925, a short while ago. But stock m...

October 30, 2009 1:28 PM

BSE Sensex surges 300 points

The Bombay Stock Exchange benchmark Sensex surged by 300 points to 16,353 in opening trade on Friday on fresh buying by funds and retail investors, bolstered by firming global trends following a higher-than-expected growth in the US economy.After losing most of its gains, the Sensex stood 87 points,...

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