APN News

  • Monday, March, 2019| Today's Market | Current Time: 06:46:34
  • Singapore Risks Recession in Second Half of 2010, says Singapore Business Setup

    Even though Singapore looks set to be one of the world’s fastest growing countries, it may see an annualised contraction in the economy in the second half of this year. The Ministry of Trade and Industry (MTI) said that it maintains its annual growth forecast for 2010 at 13 to 15 per cent as the […]

    Market watch by Sangeeth C Cheriyan

    Rubber Rallies for First Time in Five Days on Crude Oil Gain, Yen Decline Rubber climbed for the first time in five days, trimming this week’s loss, as crude oil rallied and the yen dropped, boosting the appeal of the commodity used to make tires. January-delivery rubber in Tokyo gained as much as 2.1 percent […]

    Bajaj Auto Finance announces its new brand identity as Bajaj Finserv Lending.

     Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group.The new identity is easily identifiable and yet distinct. Bajaj Auto Finance has renamed its brand identity as Bajaj Finserv Lending. Bajaj Finserv is the financial services company of the Bajaj Group. Its […]

    Rupee gains 15 paise against dollar in early trade

    The Indian rupee appreciated by 15 paise to Rs 46.62 a dollar in early trade on the Interbank Foreign Exchange on Friday, supported by fresh capital inflows by foreign funds and stronger Asian currencies against the dollar.  The Rupee fell 7 paise at nearly 3-week low of Rs 46.77/78 against the US currency in Thursday’s […]

    SBI Q1 net profit up 25% at Rs 2914 cr, beats estimates

     India’s largest bank – State Bank of India (SBI) has announced its results for the quarter ended June 2010. It has reported net profit of Rs 2,914 crore as against Rs 2,330.4 crore, a growth of 25.04% on year-on-year basis. Net interest income jumped 45.36% to Rs 7,304 crore from Rs 5,024.9 crore in same […]

    Sensex opens 79 pts higher on buying by funds

    The Bombay Stock Exchange benchmark Sensex on Friday opened higher by 79 points on buying by funds in bluechips, especially banking and PSU stocks. The 30-share index gained 79.23 points, or 0.43 per cent, to trade at 18,153.13 points in the first five minutes of trading. All the sectoral indices were trading in the positive […]

    Sensex dips below 18,000 pts in opening trade

    The Bombay Stock Exchange benchmark Sensex fell over 155 points to trade below the 18,000 level in opening trade on Thursday, on sustained selling by funds in line with a weak global trend. The 30-share index, which had lost about 149 points in the previous session, fell by another 155.41 points or 0.86 per cent […]

    Dollar Remains Weak against Yen, Touches 15-year Low

    The U.S. dollar traded at the lower 85 yen level early Thursday in Tokyo. At 9 a.m., the dollar traded at 85.13-14, against 85.27-37 yen in New York and 85.09-11 yen in Tokyo at 5 p.m. Wednesday. At one point, the dollar dropped to 84.72 yen, its lowest against the yen since July 1995, during […]

    RBI proposes foreign investment in pvt banks below 50%

    The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local banks.  “This would enable foreign capital to be used in the promotion of domestic banks … This would allow for foreign technical collaboration […]

    More transparency in corporate donations to parties needed

    Corporate Affairs Minister Salman Khurshid on Wednesday advocated greater transparency in corporate donations to political parties saying it is important for shareholders to know how the money is being spent and for what purpose. The Corporate Affairs Ministry, Khurshid said, has already suggested incorporation of norms for disclosure of donations to political parties in draft […]