China cuts interest rates to spur economic growth

China's central bank has cut interest rates and lowered the amount its reserve banks must hold, to support a stuttering economy and plunging stock market that sent shock waves around the globe. People's Bank of China cut its key lending rate by 0.25 percentage points to 4.6 per cen...

China cuts interest rates to spur economic growth

China has reduced its main interest rate to boost growth in its economy. People's Bank of China cut its key lending rate by 0.25 percentage points to 4.6 per cent in an effort to calm stock markets after two days of turmoil. It is the fifth interest rate cut since November. The move has boo...

SEBI approves commodities mkt norms; to merge FMC from Sept 28

The market regulator Securities and Exchange Board of India (SEBI) has announced September 28 as the date for merger of Forward Markets Commission (FMC) with itself. In its board meeting held in Mumbai, the SEBI also announced new norms for commodities derivatives market under which exchanges and br...

Rate cuts by RBI should not be seen as goodies: Rajan

Reserve bank of India governor Raghuram Rajan said that rate cuts by the apex bank should not be seen as goodies. Speaking at a banking summit in Mumbai , Rajan made it clear that rate cuts are a natural consequence (of low inflation) that RBI has no hesitancy in delivering. He added that it&apo...

India capable of dealing with external shocks: RBI Dy Governor

Sensex recovers from yesterday's huge sell off, gains 291 points

Recovering very partially from yesterday's huge sell-off, the Sensex at the Bombay Stock Exchange climbed 291 points, to close at 26,032, after very volatile trade. The Nifty rose 72 points, to 7,881.But China's stock market plunged another 7.6 percent, prompting its central bank t...

India's rating upgrade possible if reforms implemented: Moody's

Global rating agency, Moody's today said it will upgrade India's rating if reforms are realised in actual policy implementation, and if the recent improvement in inflation, fiscal and current account ratios is sustained. But Moody's Investors Service added that the rating ...

Oil bounces back from yesterday's losses but still near 6-1/2-year lows

Oil bounced back from yesterday's heavy losses, but global oversupply and worries over the severity of the economic slowdown in China kept prices near 6-1/2-year lows. US crude oil futures rose 1.10 dollars, to 39.34 dollars a barrel. Brent crude was up 1.20 dollars, at 43.89 dollars a barr...

Volatility Continues in Stocks Markets; Rupee recovers 26 paise against dollar

After yesterday's record fall, the Sensex at the Bombay Stock Exchange showed some semblance of recovery, today, and had gained 269 points, to 26,010 in afternoon trade, amid intense volatility, a short while ago. Earlier, the Sensex had opened on a strong note, surging 383 points within mi...

Sensex up by 269 points, to 26,010 in afternoon trade

After yesterday's record fall, the Sensex at the Bombay Stock Exchange showed some semblance of recovery, today, and had gained 269 points, to 26,010 in afternoon trade, amid intense volatility, a short while ago. Earlier, the Sensex had opened on a strong note, surging 383 points within mi...