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Currency

Rupee down 32 paise against dollar in early trade

The rupee on Friday lost 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas. Increased demand for the dollar from banks and importers also put pressure on the rupee but a higher opening in the domestic equity […]

Currency

Rupee down 32 paise against dollar in early trade

Stock & Share

Sensex rises 61-pts in late morning deals

The BSE benchmark Sensex bounced back by 61-points in late morning trade amid buying in consumer durable, auto, IT, banking and power sectors triggered by higher Asian cues and sustained foreign capital inflows. The BSE-30 share barometer Sensex resumed lower at 19,911.08 and hovered in a range of 20,021.41 and 19,908.80 before quoting 20,000.29 points […]

Business

Sugar Substitute Market Worth $13.7 Billion by 2018

DALLAS: The report “Sugar Substitute Market – By Types (HFS, HIS & LIS), Subtypes (Stevia, Sorbitol, Tagatose, Aspartame, Saccharine, Sucralose, Xylitol & Others) & Applications (Healthcare & Personal Care, Beverage & Food) – Global Trends, Forecasts to 2018 ” defines and segments the global sugar substitute market with analysis of current demand and forecasted consumption […]

Business

Demand for Franchises in India Growing at 30% Annually

MUMBAI: The new report, “Franchising Market in India”, states that India has witnessed large scale adoption of franchising as a prospective entry route for expansion. It is hailed as being a key strategy when growth becomes saturated in domestic markets and companies look beyond borders for untapped potential and markets. The Indian franchise market is […]

Banking

No criminality in Cobrapost findings: SBI

Bank officials’ advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are “undesirable loose talks” but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said. “Prima facie, things that have come to our notice it looks (that) there is no criminality in the sense that […]

Stock & Share

Sensex snaps 3-day gain; falls 51 points

The BSE benchmark Sensex fell from over a three-month high by losing 51 points, due to profit-booking in recent outperformers such as RIL, Sun Pharma and HDFC Bank ahead of IIP data amid a weak global trend. After a three-day of sharp upsurge, the Sensex declined by 51.14 points, or 0.26 percent, to close at […]

Banking

RBI asks banks in J&K to increase CDR to 40 pc by FY14-end

Reserve Bank of India has asked banks in Jammu and Kashmir to increase the credit-deposit ratio to 40 per cent from present 36 per cent by the end of current financial year. RBI Governor D Subbarao, who chaired the special meeting of J&K State Level Bankers’ Committee (J&K SLBC ) on Wednesday, also fixed target […]

Commodity

Gold up in futures trade on global cues

Buoyed by a firm global trend, gold prices rose by 0.28 per cent to Rs. 27,168 per 10 gm in futures trade as speculators enlarged their positions. At the Multi Commodity Exchange, gold for delivery in June rose by Rs. 75, or 0.28 per cent, to Rs. 27,168 per 10 gm in business turnover of […]

Commodity

Oil up in Asian trade

Oil was up in Asian trade on Thursday as a surprise rise in German industrial production brightened the market’s outlook for European and global growth, analysts said. New York’s main contract, light sweet crude for delivery in June added five cents to USD 96.67 a barrel and Brent North Sea crude for June delivery gained […]