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October 24, 2009 8:47 AM
The number of US bank failures this year has hit 100 after US federal regulators shut down the Florida-based Partners Bank. The Federal Deposit Insurance Corporation (FDIC) which controls the banking sector, has taken over the bank that held $68.7 million in assets. More US banks have now failed thi...
October 23, 2009 6:54 PM
Ahead of the monetary review next week, the RBI governor today discussed the macro-economic situation with Finance Minister Pranab Mukherjee and the Finance Ministry hoped the central bank would not tweak its soft interest rate policy. The Finance Secretary Mr. Ashok Chawla told reporters that he ex...
October 23, 2009 6:05 PM
Gold today fell by 65 rupees to 16,175 rupees per 10 gram in the bullion market in Delhi sync with the overseas market, where the metal lost 95 cents to 1,059.15 dollars. Market men said emergence of selling at existing higher levels amid weakening global trend mainly led to the fall in gold prices.
October 23, 2009 6:04 PM
The Bombay Stock Exchange benchmark Sensex today closed flat erasing early gains. The 30-share benchmark Sensex, which gained 217.03 points in the morning, closed 21 points up at 16,810.The wide-based National Stock Exchange index Nifty closed with a gain of 8.45 points at 4,997.
October 23, 2009 2:36 PM
Finance Minister Pranab Mukherjee said, the rice production this year could be 16 million tonnes below the 2008-09 level due to the twin-impact of drought and floods. He however, exuded confidence that there would be no supply-side shortage for the food grain. The Finance minister also endorsed the ...
October 23, 2009 12:48 PM
The Bombay Stock Exchange benchmark Sensex jumped by 217 points in opening trade today. The 30-share index rose 217 points, or 1.29 per cent, to 17,006 points. The wide-based National Stock Exchange index Nifty moved up by 66.35 points, or 1.33 per cent, to 5,054.95 points. Hong Kong's Hang...
October 23, 2009 10:35 AM
Oil was mixed in Asian trade today as investors waited for the release of US existing homes sales data. New York's main contract, light sweet crude for December delivery dropped seven cents to 81.12 US Dollars a barrel. Brent North Sea crude for December delivery was three cents firmer at 7...
October 23, 2009 10:14 AM
The Indian rupee today appreciated by 28 paise in early trade today as the US currency weakened against other Asian currencies. At the forex market, the domestic unit strengthened by 28 paise to 46.46 a dollar. The rupee had ended 26 paise lower at 46.74 a dollar in the previous session. Dealers sai...
October 23, 2009 12:34 AM
World oil prices slid today on profit-taking after soaring overnight to 82 US dollar per barrel on the back of sliding US energy reserves and the weak greenback. New York's main contract, light sweet crude for December delivery, fell 90 cents to 80.47 US dollar a barrel. The contract had to...
October 22, 2009 11:49 PM
The Government will review whether state-run companies are filing their annual reports and balance sheets regularly. In a video conference with Registrar of Companies (ROCs) and Regional Directors (RD) in New Delhi today, Corporate Affairs Secretary R Bandyopadhyay asked the officials to undertake, ...
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