APN News

  • Tuesday, January, 2023| Today's Market | Current Time: 06:53:10
  • Interest rate on EPF deposits reduced from 9.5% to 8.25% for 2011-12

    New Delhi : The Government has slashed interest rate on deposits in Employees Provident Fund, EPF, from 9.5 per cent to 8.25 per cent for 2011-12, affecting over 4.7 crore subscribers. The official sources said in New Delhi yesterday that this cut was proposed by the Finance Ministry and a notification was issued by the […]

    Sensex falls 243 pts on RBI policy, political uncertainty

    Mumbai : The BSE Sensex snapped 4-session winning streak on Thursday and fell over 243 points as banking stocks fell after RBI failed to lower key rates, even as the government projected 7.6 per cent growth for next fiscal. Markets were also impacted by uncertain political situation arising out of Trinamool Congress Chairperson Mamata Banerjee, […]

    Eco Survey pegs India’s growth at 7.6% next fiscal

    New Delhi : The Economic Survey for 2011-12 tabled by finance minister Pranab Mukherjee in Parliament on Thursday projected a 7.6% growth for the next fiscal beginning 1st April. Inflation, on the other hand, is projected at 6.5-7% by the end of March. “It may further moderate during 2012-13 due to tightening of monetary policy […]

    RBI keeps rate unchanged; inflation to guide future action

    New Delhi :  The Reserve Bank on Thursday kept key policy rate unchanged and said future policy action would be determined by the movement in inflation. “On the basis of the current macroeconomic assessment, it has been decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.5 percent,” RBI […]

    Sensex down 103 points ahead of RBI policy

    Mumbai : The BSE benchmark Sensex declined by 103 points in early trade on Thursday as funds and retail investors booked profits ahead of RBI’s monetary policy review later in the day. Brokers said emergence of profit-booking after recent gains as participants adopted cautious approach ahead of the Reserve Bank’s mid-quarterly review of the monetary […]

    World Bank approves USD 4.3 bn aid to India

    New Delhi : The World Bank has announced USD 4.3 billion financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. This arrangement, while facilitating a USD 4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development’s (IBRD) – which […]

    Certain positive developments in Railway Budget: Pranab

    New Delhi : Hailing the Railway Budget for “certain positive developments”, Finance Minister Pranab Mukherjee on Wednesday said if the exercise succeeded in cutting operating costs, it would be a major improvement. “There are certain positive developments…For instance the budget has increased Rs 60,100 crore to almost 22 per cent increase,” he told reporters soon […]

    Sensex rises 106 points

    Mumbai : Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange gained 106 points, or 0.6 percent, to a 3-week high of 17,919, amid firm European markets, today. The 30-share Sensex had climbed more than 660 points in the previous three trading sessions. The Nifty at the National Stock Exchange rose […]

    SBI has no plan to provide fresh loan to kingfisher airlines: FM

    Bangalore : The Finance Minister Pranab Mukherjee today said that State Bank of India has no plan to provide fresh loan to the cash-strapped Kingfisher Airlines. In a written reply to the Rajya Sabha, Mr Mukherjee said, SBI has informed that currently there is no such plan to provide additional loan to Kingfisher Airlines. Kingfisher […]

    Sensex at 2-week high; up 226 pts

    Mumbai : The BSE benchmark Sensex on Tuesday climbed to 2-week high by adding 226 points amid indications of higher advance tax payout by corporates, suggesting improved earnings, and a firm trend in global markets. The Sensex, which gained 442 points in the last two sessions, gained another 225.95 points, or 1.28 per cent, to […]