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August 8, 2011 5:15 PM
Asian markets slumped, again, today, after the historic downgrade of the US credit rating. So Japan's Nikkei 225 and Hong Kong's Hang Seng index slid 2.2%, each; China's Shanghai Composite index and South Korea's Kospi sank 3.8%, each; and Singapore's Straits Times index plu...
August 8, 2011 5:09 PM
Government today said, India is in a better position to handle the challeges arising out of the present debt crisis in the US and Eurozone. Talking to reporters in New Delhi Finance Minister Pranab Mukherjee said India's economic fundamentals are strong and the country can withstand any adverse...
August 8, 2011 4:47 PM
The government has urged the opposition parties not to stall the proceedings of the parliament so that important legislations could be passed. Speaking to reporters in New Delhi today, HRD minister Kapil Sibal said the government wants discussion on every important issue in the Parliament. Mr Sibal ...
August 8, 2011 4:46 PM
Government today said, India is in a better position to handle the challeges arising out of the present debt crisis in the US and Eurozone. Talking to reporters in New Delhi Finance Minister Pranab Mukherjee said India's economic fundamentals are strong and the country can withstand any adverse...
August 8, 2011 4:41 PM
Tracking falling global markets, the Sensex at the Bombay Stock Exchange dropped 316 points, or 1.8 percent, to close below the 17,000 mark, at 16,990, today. The Nifty at the National Stock Exchange lost 93 points, or 1.8 percent, to 5,119. The market fell on sustained selling by investors, followi...
August 8, 2011 2:13 PM
The 'Group of Seven' leading economic powers say they will take all necessary steps to ensure financial stability in the face of the current crisis over US and euro zone government debt level. The G-7 emergency statement is seen as an attempt to calm the financial markets after last week&#...
August 8, 2011 1:44 PM
The Reserve Bank today said it is closely monitoring global developments like the credit downgrade of US and would continuously assess the impact on the Indian economy and financial markets. Noting that India was not insulated from these developments, the RBI said it will respond quickly and appropr...
August 8, 2011 1:36 PM
Falling in tandem with plunging regional markets, the Sensex at the Bombay Stock Exchange tumbled 512 points, to slip below the key 17,000 mark, at 16,793--its lowest levels in nearly 14 months--in opening trade this morning. The Sensex fell on across-the-board selling by investors, following the do...
August 8, 2011 1:35 PM
Financial chiefs and central bankers of the G7 nations early today pledged to take all necessary measures to support financial stability and growth as nervous global markets re-opened. A statement issued by them said, they were committed to taking coordinated action where needed, to ensuring liquidi...
August 8, 2011 1:34 PM
Financial chiefs and central bankers of the G7 nations early today pledged to take all necessary measures to support financial stability and growth as nervous global markets re-opened. A statement issued by them said, they were committed to taking coordinated action where needed, to ensuring liquidi...
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