Mumbai : Ahead of its mid-quarterly policy review, the Reserve Bank on Monday hinted at cut in interest rates, saying moderation in inflation due to lower economic growth and cooling global oil prices provide room for easing monetary policy. “.. the growth is somewhat lower than expectation and that may have positive, moderating impact on […]
Mumbai : After plunging over 200 points to its lowest level in five months, the Sensex on Monday recovered to close 23.24 points higher at 15,988.40 riding on rate cut hopes sparked off by the Reserve Bank, rupee’s new-found strength and global crude oil falling to a 16-month low. The late rally was led by […]
Mumbai : The BSE benchmark Sensex fell nearly 162 points in early trade today. The 30-share barometer has lost over 473 points in the previous three sessions. Similarly, the wide-based National Stock Exchange index Nifty declined 50 points to 4,791. In Asia, the Japan’s Nikkei fell by 2.16 per cent, while Hong Kong’s Hang Seng […]
Mumbai : The govt has set up a high-level board under Commerce and Industry Minister Anand Sharma to boost the manufacturing sector, reflecting urgency to reverse contraction in the industrial output. The decision to set up the board comes within days of Prime Minister Manmohan Singh constituting the Investment Tracking System to give a push […]
Mumbai : The Department of Telecom will finalise by 10th July the agency that will conduct the e-auction of spectrum in 22 telecom service areas, a delay of 15 days compared to the previous schedule. This means a tight schedule for the DoT which has to complete the spectrum auction before 31st August as per […]
Mumbai : Faced with slowdown, the Planning Commission may lower the annual average growth target for the 12th Five-Year Plan (2012-17) to 8 percent, down from 9 percent envisaged earlier. “The annual average growth rate in 12th Plan, could be around 8 per cent. Achieving 8 per cent looks feasible,” Planning Minister Ashwani Kumar said. […]
Mumbai : Stock markets fell for the third day with the BSE benchmark Sensex index losing 253 points to close below 16,000 level after a week due to increased capital outflow on economic growth worries and deepening euro-zone debt crisis. The 30-share barometer, which lost 220 points in the last two trading sessions, plunged by […]
Mumbai : The rupee today strengthened by 23 paise against the US dollar to 55.85 in early trade on the Interbank Foreign Exchange market. The rupee had recovered 16 paise against the dollar to close at 56.08 in yesterday’s trade.
New Delhi : Insurance Regulatory and Development Authority, IRDA has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month. In its draft guidelines for health insurance companies, the IRDA said that insurers will have to provide cashless facility to […]
Mumbai : Continuing its slide for the third day in a row, the BSE benchmark Sensex fell by 41 points in opening trade on Friday on sustained selling by foreign funds, triggered by lower GDP numbers a weak trend in Asian regions. The 30-share barometer, which has lost over 220 points in the previous two […]
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