APN News

  • Thursday, January, 2021| Today's Market | Current Time: 04:19:51

    • Finance

    Insurance policies to be available at post offices

    Post offices can now distribute insurance products with IRDA, allowing each circle of the Department of Post (DOP) to act as a corporate agent of insurers. “Each Circle of India post should be treated a separate unit in order to grant independent corporate agent licence with various insurers,” insurance regulator IRDA said while granting permission […]

    Stock & Share

    Sensex plunges 373 pts as investors mop up funds for mega IPO

    The BSE benchmark Sensex on Friday fell sharply by 373 points as investors liquidated their portfolios to invest in mega IPO of Coal India next week. The 30-share index fell by 372.59 points to 20,125.05 points on heavy selling in bluechip led by IT major Infosys Technologies. The barometer had lost 190 points in the […]

    Banking

    ADB, WB assesses Pak flood damage at 9.7 bn

    The floods, that swept across Pakistan since July, has caused an estimated USD 9.7 billion damage to infrastructure, farms, homes, as well as other direct and indirect losses, the Asian Development Bank (ADB) and the World Bank (WB) have said. The estimate was presented in the Damage and Needs Assessment (DNA), a survey conducted nationwide […]

    Finance

    The BMB Group Confirms Its Offer to Acquire Kerzner International Holdings Limited

    London :The BMB Group (“BMB”) confirms that it has issued an unsolicited letter of interest to acquire Kerzner International Holdings for US$3.4 billion cash following speculation over the future of Kerzner International and its debt restructuring. BMB believes that the hospitality and real estate assets within Kerzner International have significant potential particularly in Asia. BMB […]

    Currency

    Rupee down by 5 paisa against dollar in early trade

    The Indian rupee weakened by 5 paisa to Rs 44.15 a dollar in the early trade Friday, weighed down by dollar’s gain against other Asian currencies. In the previous season, the domestic unit at the Interbank Foreign Exchange market had risen by 41 paisa to close at more than two years’ high of 44.10/11 a […]

    Stock & Share

    Sensex Down By 152 Points

    The BSE benchmark Sensex erased early gains and plunged by 152 points in the first hour of the trading on Friday, as funds and retail investors indulged in booking profits in heavy-weight stocks. The 30-share index, which opened at over 80 points, fell by 152.31 points to 20,345.33 at 1000 hrs, following weakness in IT, […]

    Stock & Share

    Sensex falls by 190 pts as investors encash bull-run

    The BSE benchmark Sensex on Thursday lost 190 points to fell from 33-month high levels on profit booking especially in refinery and heavy machinery stocks by investors. The 30-share barometer closed 190.24 points lower at 20,497.64 points. The index had gained 485 points to close at a 33-month high level yesterday. Marketmen said that investors […]

    Finance

    Asia Microfinance Forum 2010 Attracts 450 Experts from 50 Countries

    Mumbai : The third Asia Microfinance Forum was inaugurated today in Sri Lanka with around 450 practitioners, policymakers, investors, academics and advocates from over 50 countries gathering in Colombo to deliberate on the central role of microfinance in achieving greater financial inclusion in Asia. Held from 12 to 15 October 2010, this event builds on […]

    Commodity Uncategorized

    Total Comex Turnover up by 41% but NMCE drops by 62%

    The total turnover of 23 commodity bourses in the country shot up by 41.13 per cent to Rs 8,95,613 crore in September this year says an official release from the market regulator, Forward Markets Commission (FMC). The turnover of all the commodity bourses put together stood at Rs 6,34,596 crore in the corresponding period last […]

    Currency

    Rupee up by 26 paise vs dlr in the early trade

    Moving in line with the stock market, the Indian rupee gained by another 26 paise to 44.25 against the American currency in the early trade on persistent selling of dollars by banks and exporters due to weakness of dollar in overseas market. At the Interbank Foreign Exchange (Forex) market, the local unit opened strong at […]

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