APN News

  • Monday, April, 2024| Today's Market | Current Time: 01:19:38
  • Clariant increases net income on improved margins

    Muttenz : Clariant, a world leader in specialty chemicals, today announced second quarter sales in 2013 from continuing operations of CHF 1.544 billion compared to CHF 1.527 billion in the prior-year period, an increase of 2% in local currencies and 1% in Swiss francs. Organic growth of 2% was entirely due to higher sales volumes. […]

    ICICI Bank Organises Coin Exchange Mela in Allahabad

    Allahabad: ICICI Bank, India’s largest private sector bank, today organised a Coin Exchange Mela at its Civil Lines branch in Allahabad under the guidance of the Reserve Bank of India. The Coin Mela, which was organised to offer a free facility of exchanging currency notes with coins to the general public, has received an overwhelming […]

    Weak Re, growth concerns drag Sensex down by 245-pts

    The BSE benchmark Sensex plunged by 245-points, extending losses for the fifth straight session, on heavy selling in oil & gas, power, PSU and auto stocks after RBI lowered its GDP forecast and kept interest rates unchanged, amid rupee again falling below the 60-mark. With almost six out of 10 stocks ending up as losers […]

    RBI lowers GDP growth projection for current fiscal to 5.5 pc

    The Reserve Bank has lowered the growth projection for the current fiscal to 5.5 percent from its earlier estimate of 5.7 percent and asked the govt to undertake policy measures to improve investment climate. “While the onset of the monsoon and its spread have been robust, the persisting weakness in industrial activity has heightened the […]

    Take urgent steps to contain CAD or risk further Re fall: RBI

    Describing the external sector as the biggest threat to macroeconomic stability, the Reserve Bank has urged the government to take immediate steps to narrow the current account deficit (CAD), which has hurt the rupee and overall growth. “The biggest risk to the macroeconomic outlook stems from the external sector,” RBI Governor D Subbarao said while […]

    RBI keeps key interest rates unchanged

    Weighed down by a weak rupee, the Reserve Bank chose to keep all key interest rates unchanged and asked the government to take urgent steps to reign in the high current account deficit. Lowering the GDP growth projection for the current fiscal to 5.5 percent from 5.7 percent, the central bank said the external sector […]

    Sensex rises 27 pts in early trade ahead of RBI policy review

    The BSE benchmark Sensex on Tuesday recovered by over 27 points in early trade as funds and investors made selective buying ahead of the RBI’s quarterly monetary policy review, amid a firming Asian trend. Snapping its four-day long losing streak, the 30-share barometer gained by 27.29 points, or 0.13 percent, to 19,620.57 with capital goods, […]

    PM promises more reforms

    Prime Minister Dr. Manmohan Singh on Monday promised more reforms in the coming months as he met captains of industry and business who pushed for bold decisions and quick implementation. At a meeting of PM’s Council on Trade and Industry, he assured India Inc of government’s commitment to reforms and promised more measures as he […]

    Foreign Investment Promotion Board clears Jet – Etihad Airlines deal

    Following concerns raised by Securities Exchange Board of India, the govt on Monday gave a conditional go ahead to Jet Airways to sell 24 per cent stake to Abu Dhabi based Etihad Airways for Rs. 2,058 after Etihad submitted an amended Holders Agreement (SHA) and Commercial Cooperation Agreement (CCA). “We have approved the Jet-Etihad deal […]

    RBI hints at status quo, will focus on stabilising rupee

    Hinting at status quo on policy rates, the RBI on Monday said its immediate focus is to stabilise rupee and made a case for calibrated action to contain the current account deficit, which is a major reason for the steep fall in currency. “The priority for monetary policy now is to restore stability in the […]