Gold futures traded slightly higher in the early part of Friday’s trading session. As Further, strong economic data from Euro zone supported prices to trade in positive note. However, strength in Dollar Index coupled with expectations among the investors that the US Federal Reserve may start trimming bond buying programme soon after the positive economic […]
Finance Minister P Chidambaram on Saturday held a closed-door meeting with top bankers to take stock of the situation in the wake of rupee volatility and ways to shore up foreign capital to bridge the widening current account gap. The minister, who will also be meeting foreign institutional investors whose money is key to funding […]
Rising for the second day, Sensex on Friday gained over 206 points to end at nearly one-week high on sustained value buying in refinery, banking and auto stocks after the rupee appreciated after six days of losses. Major Sensex gainers in today’s trade were BHEL, Tata Motors, HDFC Bank, ICICI Bank, State Bank of India, […]
Tina Ambani on Friday appeared as a prosecution witness in the 2G spectrum case and told a special court that she had “no role” in the affairs of Reliance ADAG. A day after her husband and Reliance ADAG Chairman Anil Ambani’s deposition as a CBI witness, she told the court that she has never been […]
Snapping a six-session losing streak, the rupee today rose by 25 paise to 64.30 in early trade on fresh selling of the US dollar by exporters. The local currency had lost 44 paise to close at a new low of 64.55 against dollar, after breaching the 65 mark to mark all-time intra-day low of 65.56 […]
Bombay Stock Exchange Ltd on Thursday launched a mobile application that allows investors to keep a track on markets on a real time basis. A statement issued in Mumbai stated that the new application allows investors a direct access to all 26 BSE indices. Investors will be able to download free application on Android smart […]
The BSE benchmark Sensex today fell by 61 points in early trade as funds and retail investors booked profits after previous session’s gains. The 30-share barometer declined by 61 points to 18,250 with healthcare, FMCG, PSUs and power stocks succumbing to profit-booking. The index had surged by 407 points yesterday after four sessions of losses. […]
Mumbai : Dedicating five new business units to the people, J&K Bank has taken its total branch network to 701. The addition is the part of Bank’s massive expansion plan to spread its wings far and wide especially within the state of J&K. The new business units include Soimohin Tral area of Pulwama district, Wandevalgam […]
With rupee falling by 5.5 per cent in five days, Finance Minister P Chidambaram on Thursday said the currency is undervalued and has overshot appropriate levels but sought to assuage investors asserting there is no need for “excessive and unwarranted pessimism”. After maintaining silence for the whole of this week on rupee’s steady fall, Chidambaram […]
ICICI Bank has announced an increase of 0.25% in the ICICI Bank Base Rate (“I-Base”) with effect from August 23, 2013. The revised rate will be 10.00% p.a. as against 9.75% p.a. at present. With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to […]
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