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Currency

Rupee loses eight paise; at 54.81 against dollar

The rupee today lost eight paise to 54.81 rupees against the dollar in early trade due to higher demand of the US currency from banks and importers. The domestic currency had closed higher by seven paise at 54.73 rupees yesterday on fresh dollar selling by exporters and moderate FII inflows.

Stock & Share

Sensex trading 61 points up in afternoon deals

Maintaining the upward trend, the Sensex at the Bombay Stock Exchange was trading 61 points in the positive territory at 19,752, in afternoon deals, when reports last came in. The 30-share barometer had opened 66 points in the green today, on selective buying by funds, amid an improving trend on other Asian bourses. It had […]

Stock & Share

Sensex at over 14 mths low, plunges 431 pts on profit-booking

The BSE benchmark Sensex on Monday declined the most in more than 14 months by losing 431 points on across-the-board selling mainly in FMCG, capital goods, metal and auto stocks amid a surge in April trade deficit. The Sensex fell 430.65 points, or 2.14 percent, to 19,691.67, a biggest slump after 27th February 2012. The […]

Banking

Exim Bank arranges Euro 150 million Framework Loan from the European Investment Bank

by Sachin Murdeshwar Mumbai: The Export-Import Bank of India (Exim Bank), India’s premier export finance institution, has signed an agreement for a long-term loan of Euro 150 million equivalent with tenor upto 20 years with the European Investment Bank (EIB). The purpose of the EIB loan to Exim Bank is for supporting projects that contribute […]

Stock & Share

Sensex down 71 points in early trade

The BSE benchmark Sensex declined by over 71 points in early trade on Monday, as funds and retail investors booked profits amid a mixed trend in Asian markets. The 30-share barometer fell by 71.11 points, or 0.35 per cent, to 20,051.21 The index had gained 183.28 points in the previous two sessions. Stocks of FMCG, […]

Business

LBT stir to linger; Citizens brace up for hardships

Citizens may have to continue facing hardships over availability of essential commodities after ‘Akshay Tritiya’ festival, with a traders’ body announcing that the indefinite strike against Local Body Tax will go on even as a section of retailers called off the stir. The Federation of Retail Traders Welfare Association, led by Viren Shah, on Saturday […]

Banking

RBI gears up for plastic notes as 20% paper bills get soiled

As the Reserve Bank gears up for a trial of plastic currency notes, it has to dispose of soiled paper currency bills worth an estimated amount of over Rs two lakh crore a year. On an average, one out of five paper notes in circulation (over 20 percent) gets disposed of every year after getting […]

Banking

DBT rollout: Banks asked to install onsite ATMs by June 30

Gearing up for the second phase of rollout of the Direct Benefit Transfer (DBT) scheme, the government has asked banks to install ATMs at their branches in 121 districts by the end of next month. The first phase rollout of DBT began on 1st January, 2013 covering 43 districts. The rollout of second phase will […]

Markets

Dominion Diamond Corporation Issues Updated Calendar 2013 Production, and Fiscal 2014 Sales, Guidance

Toronto : Dominion Diamond Corporation announced today that the revised forecast for calendar 2013 for the Diavik Diamond Mine currently foresees production (on a 100% basis) of approximately 6.6 million carats from the mining of approximately 1.6 million tonnes of ore and the processing of approximately 2.0 million tonnes of material from both mining and […]

Stock & Share

Sensex ends above 20k-level, Nifty at 2013-high on FII buying

The BSE benchmark Sensex closed above the much-awaited 20,000-mark after a gap of 100-days and the NSE Nifty closed at its highest level in 2013 on heavy buying in auto, consumer durables, FMCG and banking shares amid improvement in IIP suggesting pick-up in growth. After a better start, the 30-share Sensex ended higher by 143.58-points, […]