Rupee bounces off two-week lowsThe rupee recovered on Wednesday from early falls as worries over political instability eased and on the back of dollar sales by custodian banks and a state-run company.
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Rupee bounces off two-week lowsThe rupee recovered on Wednesday from early falls as worries over political instability eased and on the back of dollar sales by custodian banks and a state-run company.
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Sensex down 124 points, falls below 19,000BSE benchmark sensex today closed below 19,000 level for the first time in three weeks, falling by 124 points amid concerns that withdrawal of support to the government by the DMK may jeopardise pace of economic reforms.
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Gold up Rs 130 on firm global trendExtending gains for the fourth straight session, gold rose Rs 130 to Rs 30,370 per 10 grams today on sustained buying by stockists in line with a firming global trend.
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Volkswagen to recall 385,000 China vehiclesGerman auto giant Volkswagen will recall 384,181 vehicles in China over gearbox defects, it said Wednesday after state television criticized it over the issue.
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SAIL disinvestment on Mar 22An inter-ministerial panel today cleared a 10.82% stake sale in steel major SAIL and decided that the issue will hit the markets on Friday, a top finance ministry official said.
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Rupee down 16 paise vs dollarForex dealers said besides dollar's gains against other currencies overseas, higher dollar demand from oil importers for the American currency put pressure on the rupee.
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Sensex down 107 points in early tradeExtending losses for the fourth straight session, the BSE benchmark sensex today fell by over 107 points in early trade due to investor concerns, after DMK withdrew its support to the ruling UPA government.
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Sensex down 107 points on early tradeExtending losses for the fourth straight session, the BSE benchmark sensex today fell by over 107 points in early trade due to investor concerns, after DMK withdrew its support to the ruling UPA government.
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EMIs unlikely to fall despite repo rate cutRBI governor D Subbarao reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75% to 7.5% and left the cash reserve ratio (CRR) unchanged at 4%.
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Sensex slides 285 points as DMK quits UPAA cautious stance by RBI in its monetary policy, in which it said that going forward cutting rates would be difficult unless economic factors showed signs of improvement, also aggravated the selloff.
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Mutual funds to have colour codes from JulyCome July you would be offered colour codes that will signify the amount of risk the mutual fund (MF) scheme of your choice carries.
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Jyotiraditya Scindia starts ratings process for discomsPower minister Jyotiraditya Scindia on Tuesday added some zing to reforms by unveiling a ratings programme for distribution utilities that would enable them to get loans at better interest rates based on their financial, managerial and regulatory performances.
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SBI gets over 3,000 crore from governmentSBI on Tuesday said it has received Rs 3,004 crore from the government as part of the recapitalisation plan of the state-run banks.
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2002 spectrum: Mittal, Ruia summonedAirtel CMD Sunil Bharti Mittal, Essar group promoter Ravi Ruia and former Hutchison Max telecom managing director Asim Ghosh were on Tuesday summoned as accused by a special CBI court in the spectrum allocation case of 2002.
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RBI flags inflation, CAD hurdles to further cutsInflation risks are back to the centre stage and are expected to make aggressive easing of monetary policy tougher in the months ahead.
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Bharti, Essar deny charges, say CBI gave promoters clean chitBharti Airtel and the Essar Group said that they were "saddened" and "shocked" by the summons issued to their promoters Sunil Bharti Mittal and Ravi Ruia.
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HC advises Sebi to seek clarification on SaharaThe Sahara group and Sebi are engaged in an intense legal battle over the issue of refunding of Rs 24,000 crore by its two companies - SIRECL and SHICL - to investors from whom they had raised the money.
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Rupee falls 20 paise against dollarThe rupee today depreciated by 20 paise to close at 54.37 in line with decline in local equities following withdrawal of support by DMK to the Congress-led UPA government, even as RBI cut repo rate cut.
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DMK quits UPA, reforms at riskThe Dravida Munnetra Kazhagam pulled out of the ruling UPA coalition on Tuesday, jeopardising Prime Minister Manmohan Singh's economic reforms but posing no immediate threat to the minority government, which can survive with the support of other parties.
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US dollar ends sharply dearer against rupeeUS dollar ended sharply dearer against the rupee at 54.37/38 per dollar and the Pound Sterling also finished higher at Rs 82.23/25 per pound at the close of the Interbank Foreign Exchange Market (Forex) today.
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Sensex closes 285 points downThe BSE benchmark sensex today plummeted 285 points to close at two-week low level of 19,008 after the government's key ally DMK withdrew support amid a weak global trend, even as the RBI cut repo rate.
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Asian Paints to acquire 51% in Sleek GroupThe board of directors of Asian Paints today considered and approved in principle to acquire 51% stake in the Sleek Group.
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Asian Paints to acquire 51% in Sleek GroupThe board of directors of Asian Paints today considered and approved in principle to acquire 51% stake in the Sleek Group.
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Ryanair to buy 175 Boeing 737s in major expansionEuropean budget airline Ryanair says it is buying 175 Boeing 737-800 aircraft, the biggest-ever order of Boeings by a European airline.
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