Mahindra & Mahindra rose 2.17% to Rs 878.80 at 14:32 IST on BSE after the company announced good Q1 June 2013 results during trading hours today, 13 August 2013. Meanwhile, the BSE Sensex was up 188.30 points, or 0.99%, to 19,135.28 On BSE, 2.23 lakh shares were traded in the counter compared with average volume […]
The S&P BSE benchmark Sensex trimmed earlier gains, but was still quoted higher by 52 points in the late morning trade on persistent buying mainly in Metal, Auto, Consumer Durbale, Realty and PSU sectors in view of good corporate results from some companies. Sustained foreign capital inflows also boosted the market sentiment. Tata Steel firmed […]
Bank of Maharashtra a premier Nationalized Bank has opened 50 Branches in 9 States viz: Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhatisgarh, Jharkhand, Karnataka, Tamilnadu & Punjab on 14th August 2013. The total number of branches increased to 1825. Bank has its branch/ATM network spread all over the country with 1825 branches and 838 ATMs […]
Continuing rising streak for the fourth straight session, the BSE benchmark Sensex rose over 84 points in early trade on Wednesday on sustained buying by funds and retail investors after Tata Steel posted better-than-expected first quarter earnings amid a firming trend in Asian markets. The 30-share index, which had gained 564.96 points in the past […]
The government on Tuesday raised customs duty on gold, silver and platinum to 10 percent in third revision this year in a bid to curb the surging imports and burgeoning CAD, a decision that will also rake in an additional Rs 4,830 crore to the exchequer. While the duty on gold and platinum was raised […]
The Cabinet Committee on Economic Affairs (CCEA) has approved funding for procurement of ten thousand buses and ancillary infrastructure for urban transport under the Jawaharlal Nehru National Urban Renewal Mission for all cities with special emphasis on hill States. Decision to this effect was taken at a CCEA meeting chaired by the Prime Minister in […]
The Cabinet has approved the proposal for setting up of the Tax Administration Reform Commission. The Commission will review the application of tax policies and laws in the context of global best practices and recommend measures to strengthen the capacity of the tax system in the country. It will consist of a Chairman, two full […]
The government on Tuesday said that Reserve Bank will examine financials of 34,754 non-banking finance companies (NBFCs) to ascertain their eligibility. “It has been decided by RBI, that as a one-time measure, the financials of all these 34,754 companies (other than those registered with RBI) will be examined to ascertain their eligibility or otherwise for […]
Amidst the ongoing talks of consolidating small state-run banks to create one or two globally large size banks, Reserve Bank governor D Subbarao on Tuesday cautioned against making a ‘too-large banks-to-fail’, saying what is needed is not a monopolist but a number of comparatively large banks. Citing the 2008 credit crisis, which was triggered by […]
Stock markets on Tuesday gave a thumbs up to the slew of measures announced by the government to arrest the rupee fall and check current account gap with S&P BSE benchmark Sensex jumping by 283 points on heavy buying in Realty, Banking, Auto and IT sectors. Sensex, which had gained 282 points in the past […]
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