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Currency

Rupee ends at 54.16 on late dollar demand

The rupee closed down by a marginal two paise at 54.16 against the dollar due to fag-end demand for the US currency, on reports of defence-related payments. However, sustained capital inflows and strong local equities helped the rupee to ease some pressure, forex dealers said. Overseas investors pumped in Rs 976.99 crore (over USD 180 […]

Stock & Share

Sensex touches 20K-level; HDFC top gainer

The BSE benchmark Sensex regained the 20,000-mark for the first time in over three months, on sustained FII buying and better-than-expected earnings by HDFC, but slipped to close a tad lower just few minutes ahead of the closing bell. After consolidating for major part of the day, the Sensex hit 20,000 level in fag-end of […]

Business

Tekne Home: Design your Own Sofa in the Next Billion-dollar e-Commerce Trend

STOCKHOLM: IKEA, founded in 1943, has dominated the furniture and furnishings industry for the past few decades. However, it is soon to be challenged by fellow Swedish company Tekne Home, which proposes a radical approach to e-commerce. Tekne Home, founded by the well-known, 69-years-young Swedish entrepreneur Claes Persson, offers consumers a whole new way of […]

Currency

Rupee ends at 54.14 vs USD

Rising for the first time in four sessions, the rupee appreciated moderately by four paise to end at 54.14 against the dollar, on fresh selling of the US currency by exporters and sustained capital inflows. Forex dealers said a weak dollar overseas and firm domestic equities also helped the rupee to recover. Foreign institutional investors […]

Commodity

Gold futures extend losses; subdued demand

Tracking a weakening trend in the global market on slowing demand, gold fell 0.79 percent to trade below the Rs 27,000 level in futures trade on Tuesday, as speculators indulged in trimming positions. Besides, slackened demand in the spot markets also put pressure on prices. At the Multi Commodity Exchange, gold for delivery in June […]

Stock & Share

Sensex hits 3 months high, rises 215 pts

The BSE benchmark Sensex rose over 215 points on Tuesday to close at three-month of 19,888.95 and Nifty regained 6,000-point mark on sustained buying by FIIs in banking, FMCG, realty and auto sector stocks. The Sensex rose by 215.31 points, or 1.09 per cent, to 19,888.95, a level last seen on January 31. The index […]

Banking

Govt: 26 public sector banks ready with Aadhar based Direct Benefits DBT

The government today said that all 26 public sector banks are ready with Aadhar based Direct Benefits Transfer, DBT. Giving this information in a written reply in the Rajya Sabha, the Minister of State for Finance, Namo Narain Meena said, these banks are participating in DBT schemes. He said, the benefits under the welfare scheme […]

Banking

RBI to clarify on new bank licenses shortly

The Reserve Bank will shortly come out with its clarifications on issuing licences for more private sector banks, the Finance Ministry said on Tuesday. The RBI has received queries from different individuals and entities on various aspects of ‘Guidelines for Licensing of New Banks in the Private Sector’ issued on February 22, 2013, Minister of […]

Stock & Share

Sensex gains 90 points in early trade

The BSE benchmark Sensex gained nearly 90 points in early trade on Tuesday on sustained buying by funds and retail investors mainly in oil and gas, power, realty and IT sector stocks. Rising for the second straight session, the 30-share barometer rose by 89.34 points, or 0.45 per cent, to 19,762.98. In yesterday’s session, Sensex […]

Stock & Share

Sensex rises 98 points; RIL, Infosys, TCS lead gain

The BSE benchmark Sensex on Monday recovered by 98 points on buying in heavy-weight front runners such as Reliance Industries, Infosys and TCS amid firming global trend. The Sensex recovered by 98 points, or 0.50 per cent, to close at 19,673.64 led by stocks of IT and metals. The index had lost 160 points in […]