Rupee rises 26 paise in opening trade

The Indian rupee strengthened by 26 paise to hit a four-month high in opening trade today. At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted at 47.25 a US dollar, a level not seen since June 5. Dealers said increased dollar selling by exporters supported the rupee.

Govt committed to build infrastructure: Anand Sharma

The Government says it is committed to building infrastructure which would support robust industrial growth and reduce costs. Addressing National Seminar on Industrial Productivity for Inclusive Growth in New Delhi today, Union Minister of Commerce and Industry Anand Sharma said that the investment ...

India makes steady progress on UN's Human Development Index

CEOs should not be paid indecent salaries, says Montek

The debate over remuneration of CEOs grew louder, today, with Planning Commission Deputy Chairman Montek Singh Ahluwalia saying that company heads should not be paid indecent salaries. Speaking to reporters in New Delhi, Ahluwalia said there are concerns over the issue, especially when governments a...

India makes steady progress on UN's Human Development Index

CEOs should not be paid indecent salaries, says Montek

The debate over remuneration of CEOs grew louder, today, with Planning Commission Deputy Chairman Montek Singh Ahluwalia saying that company heads should not be paid indecent salaries. Speaking to reporters in New Delhi, Ahluwalia said there are concerns over the issue, especially when governments a...

Sensex plunges 268 pts on profit booking

Snapping the three-day rally, the Bombay Stock Exchange benchmark Sensex today fell by over 268 points as investors booked profit after the scaled a 17-month high last week amid weak global trends.The 30-share Sensex, which had gained 441 points in the last three sessions, lost 268.14 points to 16,8...

Rupee strengthens by 17 paise

The Indian rupee on Monday strengthened by 17 paise to almost a two-month high of 47.57 against the US currency, following dollar's weakness against other currencies. The rupee had closed 36 paise higher at 47.75 in the previous session.

Sensex plunges by over 236 pts

The Bombay Stock Exchange benchmark Sensex plunged by over 236 points to dip below 17,000 points level in opening trade on Monday as foreign funds and investors sold shares amid weakening global trends. The 30-share index fell to 16,898 points. All the sectoral indices were trading in the negative z...

EPFO urged to invest 5% corpus in capital markets

Industry body Assocham has urged the trustees of the Employee's Provident Fund Organisation to favourably consider the Finance Ministry's recommendation to allow EPFO to invest about 5 per cent of its corpus in capital markets."The time has now come for the Central Board o...