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Business

2G: SC rejects pleas for recalling its orders

The Supreme Court on Tuesday rejected the pleas of the accused in the 2G spectrum case seeking recall of its two orders barring the high court from hearing the matters arising out of the scam. A bench comprising G S Singhvi and K S Radhakrishnan said there was no good ground for recalling the orders […]

Currency

Rupee tumbles by 90 paise vs dollar in late morning trade

The Indian rupee dropped sharply by 90 paise to 66.90 against the American currency in the late morning trade on Tuesday on persistent dollar demand from banks and importers on the back of firm dollar in overseas amidst sudden fall in equity market. The rupee resumed lower at 66.29 per dollar as against the last […]

Banking

Daunting task ahead of Rajan as new RBI governor

Declining value of Rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy after he takes charge as RBI Governor on Wednesday. Rajan, 50, who has been in the Finance Ministry as the Chief Economic Advisor for […]

Currency

Rupee falls 50 paise against dollar in early trade

The rupee on Tuesday further depreciated by 50 paise to 66.50 against the dollar in early trade at the Interbank Foreign Exchange market due to renewed dollar demand from importers and appreciation of the US currency overseas. Forex dealers said besides dollar’s gains against the yen and euro on improved economic data, increased demand from […]

Stock & Share

Sensex regains 19K level, jumps 121 points in early trade

Continuing its rising streak for the fifth straight day, the BSE benchmark Sensex on Tuesday regained 19,000-mark by spurting 121 points in early trade, led by rally in FMCG, consumer durables and oil and gas sector stocks, amid firm trend on other Asian bourses. The 30-share barometer surged by 121.18 points, or 0.64 per cent, […]

Business

Moily: No proposal for night curfew at petrol pumps

Slammed over a proposal to shut petrol pumps at night to taper fuel demand, Oil Minister M Veerappa Moily on Monday beat a hasty retreat, saying there is no move to limit petrol and diesel sales at retail outlets. Moily, who over the weekend had indicated that austerity measures, including a night curfew at petrol […]

Business

Sahara blames SEBI in SC for imbroglio in paying investors

The Sahara group today blamed SEBI for acting in haste against it on the issue of refunding Rs 24,000 crore to investors and asked the Supreme Court to pass an order to help it get out of the imbroglio. Two firms of the group submitted that there is no wilful disobedience on their part in […]

Markets

Ayushakti starts product exports to German market following regulatory nod

Mumbai : Ayurvedic healthcare clinic chain – Ayushakti has commenced supply of its products to the German and Italian market following regulatory approval from the German Ministry of Health to its plant located at Palghar in Thane and subsequent product approvals. The export of over 60 products in tablet and syrup forms following the regulatory […]

Banking

Bank of Maharashtra opens 5 new Rural Branches in Ghaziabad

Bank of Maharashtra a premier Nationalized Bank has opened 5 new rural Branches at 1. Teela Shahabazpur 2. Ganoli 3. Sikhrani 4. Nurpur 5. Roshanpur (Khurrampur) in Ghaziabad Districts in Uttar Pradesh on 2nd September 2013 inaugurated by Honble Member of parliament, Ghaziabad Shri. Rajnath Singh in the presence of Shri Narendra Singh, Chairman & […]

Stock & Share

Sensex gains 266 pts to end at nearly three-week high

Extending gains for the fourth day, the BSE benchmark Sensex on Monday climbed over 266 points to close at nearly three-week high of 18,886.13 on heavy buying in metal, FMCG, oil & gas shares, amid firm global markets. After rising nearly 652 points in last three days, the Sensex advanced further by 266.41 points, or […]