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Markets

CapitalVia Global Research Limited : Equity market outlook

By Mr. Vivek Gupta- Director Research The broader 50-share index Nifty rallied over 1 per cent to reclaim its psychological level of 5,450 and the S&P BSE Sensex rebounded and rallied over 200 points from lows after slipping over 100 points, led by gains in IT, consumer durable, banking and FMCG stocks. There was a […]

Banking

ICICI Bank Organises Coin Exchange Mela at Hazratganj, Lucknow

Lucknow: ICICI Bank, India’s largest private sector bank, today organised a Coin Exchange Mela at its Hazratganj branch in Lucknow under the guidance of the Reserve Bank of India. The Coin Mela was organised to offer a free facility of exchanging currency notes with coins to the general public. The ceremony was inaugurated by Mr. […]

Stock & Share

PM pep-talk lifts Sensex by 219 pts to over two-week high

Stock markets on Friday rose for the third day with S&P BSE benchmark Sensex jumping 218.68 points to end at over two-week high of 18,619.72 after Prime Minister Manmohan Singh assured that the rupee’s decline will be addressed without capital controls or reversal of reforms. The currency markets also appeared to strengthen with the rupee […]

Business

Falling rupee poses challenges and opportunities for India: IMF

The unprecedented slide of rupee poses challenges as well as opportunities for India, the International Monetary Fund (IMF) has said. “The current situation presents a challenge, obviously, to the government of India, but also an opportunity for the government to continue in its policy efforts on a variety of fronts,” IMF spokesperson Gerry Rice said. […]

Stock & Share

Sensex firms up 145 points in late morning trade

The BSE benchmark Sensex increased by 145 points to 18,545.96 in late morning trade, even as it fell over 71 points in early trade on Friday, dragged down by realty, power, capital goods and oil and gas sector stocks, on fresh selling by funds and retail investors ahead of GDP data for the the first […]

Currency

Rupee prunes initial losses vs USD; still depreciates 32 p

The rupee trimmed its early losses but was still quoted down by 32 paise to 66.87 per dollar in late morning trade on Friday, on month-end demand for the US currency from banks and importers. The rupee resumed lower at 67.00 per dollar as against the last closing level of 66.55 at the Interbank Foreign […]

Banking

Central Bank of India launches a new Deposit Scheme, “Cent-Benefit Deposit”

Central Bank of India has launched a new Deposit Scheme, ‘Cent-Benefit Deposit’, today. The scheme aims to mobilize short term deposits with a tenor of 14 days to 179 days with attractive ROI of 9%p.a. without any penalty for pre-mature payment. Further, the Bank will pay interest at contracted rate (9%p.a.) for the actual period […]

Banking

ICICI Bank Organises Coin Exchange Mela at MP Nagar, Bhopal

Bhopal: ICICI Bank, India’s largest private sector bank, today organised a Coin Exchange Mela at its MP Nagar Zone-1 branch in Bhopal under the guidance of the Reserve Bank of India. The Coin Mela was organised to offer a free facility of exchanging currency notes with coins to the general public. The ceremony was inaugurated […]

Lead Story Stock & Share

RBI’s rupee rescue lifts Sensex by over 400 pts

Mirroring the turnaround in rupee, stock markets on Thursday soared with the S&P BSE benchmark Sensex logging its best gain in a week of nearly 405 points to end at 18,401.04 on across-the-board buying after RBI opened a special window to help PSU oil firms meet daily forex needs. The gains in the 30-share bluechip […]

Business

Plan panel to seek Cabinet nod on remedies for PPP projects

The Planning Commission will soon seek the Cabinet’s nod for remedial measures to address issues hampering implementation of Public Private Partnership (PPP) projects in a bid to re-start the investment cycle. “Definitely,” Planning Commission Deputy Chairman Montek Singh Ahluwalia said when asked whether a note on PPP projects would be placed before the Cabinet in […]