Mumbai : The BSE benchmark Sensex rose for the second straight day on Tuesday but surrendered most of its initial gains on fresh weakness in the rupee to finally close the session just 22 points higher at 16,438.58. The 30-share Sensex, which gained 199.02 points on Monday, closed higher by 21.74 points, or 0.13 per […]
New Delhi : The govt has said it has cleared 25 foreign direct investment (FDI) proposals, including that of AIF III of Mauritius and Mumbai based Microqual Techno, worth Rs 2,973.40 crore. The applications were cleared after recommendations of the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary R Gopalan, the Finance Ministry […]
Infrastructure major GVK has said it has got environment clearance from the Queensland govt in Australia for its USD 10 bn (about Rs 55,000 crore) Alpha Coal and rail project in Galilee Basin. The clearance is a major achievement for the company and its Alpha Project which is considered to be one of the biggest […]
New Delhi : Corporate Affairs Min Veerappa Moily has said something wrong has been found in the books of Reebok India, which has accused two of its former top executives of a Rs 870-crore fraud. The minister also said the matter has now been referred to the Serious Fraud Investigation Office (SFIO) following a non-invasive […]
Mumbai : The rupee today lost 42 paise to 55.60 against the US dollar in early trade on the Interbank Foreign Exchange market. as. Forex dealers said besides weakness in the euro against the dollar overseas on euro-zone worries, month-end demand for the American currency from importers also weighed on the rupee’s value . The […]
Mumbai : The BSE benchmark Sensex extended gains for the second straight day by adding over 83 points in early trade on Tuesday on increased buying by funds and retail investors amid covering-up of short positions by speculators. The 30-share index, which had gained 199.02 points in the previous session, added another 83.20 points, or […]
by NR INDRAN / INT Bank of India announced the opening of its 4001st Branch in Pangei village of Imphal East District in Manipur; opening of 1501st Ultra Small Branch; launch of an Agriculture Products Innovation Cell – Apoorva and unveiling of the logo of its new joint venture with AXA, which will now be […]
New Delhi : Rupee on Monday extended gains for the third day in a row closing it a one-week of 55.18 against the dollar as global investors returned to riskier assets as worries over Greece receded. The domestic currency gained as much as 82 paise to a dollar in the last three days, extending a […]
Mumbai : The BSE benchmark index Sensex on Monday rose by nearly 200 points on heavy buying in fundamentally strong stocks led by financials and power, driven by a stronger rupee amid a firming trend in the global markets. The 30-share barometer, which ended almost flat in the previous session, closed 199.02 points or 1.23 […]
New Delhi : Still battling the fallout of last week’s steep Rs 7.54 a litre hike in petrol price, the government on Monday said it is not considering raising rates of diesel, domestic gas (LPG) and kerosene for the moment. “We are not considering hike prices of diesel, domestic LPG and kerosene. It is out […]
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