APN News

  • Tuesday, April, 2024| Today's Market | Current Time: 09:50:09

    • Currency

    Chidambaram: Rupee value should be 59-60 to a dollar

    Asserting that the right value of rupee is 59-60 to a dollar, Finance Minister P Chidambaram on Friday said that government will make all efforts, including extending priority sector status to export credit, to boost shipments. “We think that based on the REER (real effective exchange rate) value, that (59-60) is the right level of […]

    Markets

    Equity Forecats Report

    By Mr. Vivek Gupta The market ended the week on a weak note. Sensex was down 166.58 points or 0.84% at 19727.27 and the Nifty closed at 5833.20, down 49.05 points or 0.83%. Hero MotoCorp, Sun Pharma , Coal India , TCS and Jindal Steel are the top gainers in the Sensex. Among the laggards […]

    Stock & Share

    Sensex ends 167 pts down at 3-wk low as rate hike fears loom

    The BSE benchmark Sensex on Friday erased initial gains to end nearly 167 points down at a 3-week low as banks, capital goods and consumer durable shares slipped on fears of further rate hikes after RBI Governor Raghuram Rajan’s comment that inflation in still high. After rising 87 points in early trade, the Sensex saw […]

    Business

    GAAR to come into effect from April 1, 2016

    The controversial GAAR provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016, a government notification said. The provision of General Anti Avoidance Rules (GAAR) will apply to entities availing tax benefit of at least Rs 3 crore, according to the notification […]

    Currency

    Rupee up 21 paise against dollar in early trade

    Maintaining its rising streak for the third straight day, the rupee on Friday strengthened further by 21 paise to 61.86 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by banks. Forex dealers said besides selling of the American currency by banks and exporters, easing […]

    Stock & Share

    Sensex up 87 pts in early trade

    The BSE benchmark Sensex on Friday rose over 87 points in early trade on the back of increased buying by participants amid a mixed trend on other Asian bourses and further strength in the rupee. The 30-share index gained 87.72 points, or 0.44 per cent, to trade at 19,981.57, with all the sectoral indices led […]

    Currency

    Rupee gains 37 paise to one-week high of 62.07 vs dollar

    The rupee gained for the second day, adding 37 paise to a one-week high of 62.07 against the dollar on Thursday as the RBI eased swap norms for banks borrowing funds overseas and exporters sold the US currency. Support for the rupee also came from capital inflows on the back of a recovery in local […]

    Business

    Coal scam: CBI calls Naveen Jindal for questioning

    CBI is likely to question Congress MP and industrialist Naveen Jindal on friday in connection with a case of alleged cheating and criminal conspiracy in bagging Amarkonda Murgadangal coal block in Birbhum in 2008. The agency has booked him in its 12th FIR in connection with coal blocks allocation scam registered in June this year. […]

    Stock & Share

    Sensex gains 38 points to close at 19,894

    The Sensex at the Bombay Stock Exchange gained modest 38 points, or 0.2 percent, to close at 19,894, amid the expiry of the monthly derivatives contracts, today. The Nifty at the National Stock Exchange rose 8 points, or 0.1 percent, to 5,882. Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.

    Business

    Moily: 10th round of oil and gas block auction likely in January

    India is likely to launch the 10th round of auction of oil and gas blocks in January as the country looks to attract foreign investors to boost domestic production. “We would like to go for it (the 10th round of New Exploration Licensing Policy or NELP),” Oil Minister M Veerappa Moily told reporters on sidelines […]

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