New Delhi: New Delhi: The Sensex and the Nifty gained some ground on Tuesday after falling heavily due to FII selling. The 30-share BSE index Sensex was down 61.48 points, or 0.34 per cent, at 18,246.04
New Delhi: The rupee fell to an all-time low of 64.15 versus US dollar on Tuesday. The rupee opened at 63.75 per dollar versus 63.13 in previous close.The Indian currency has lost 148 paise on
New Delhi: McGraw Hill Financial today said it has raised its stake in CRISIL Ltdby acquiring 15.1 per cent equity shares worth Rs 1,290 crore (USD 214 million)."...McGraw Hill Financial acquired 10,623,059 equity shares from
New Delhi: With the rupee crossing 62 against the dollar, Finance Minister P Chidambaram today met senior officials of various departments to take stock of the current economic situation and deliberated on steps to improve
New Delhi: Terming as "unfounded" the concerns over the possibility of capital controls by RBI, industry body Assocham today said that the recent policy measures will help contain current account deficit to below 4 per
New Delhi: With the rupee sliding below the 63 mark against US dollar, World Bank Chief Economist Kaushik Basu has said the country should use foreign exchange reserves to curb volatility in the currency market
New Delhi: The government has decided to ban duty-free import of flat-screen TVs from August 26, as part of measures desgined to stem outflow of foreign exchange, says a press release. Government officials estimated that
New Delhi: Stock markets on Monday continued to wilt under heavy selling on rupee plummeting to new lows, with BSE Sensex slumping 291 points to over 4-month low and NSE Nifty diving 93 points to
New Delhi: With the Reserve Bank's policy focus geared towards supporting the rupee, the central bank may delay easing rates to between December and April 2014, a Barclays report says.According to the global brokerage firm,
New Delhi: Prime Minister Manmohan Singh has called for evolving a fresh thinking on RBI's monetary policy in a globalised economy and dealing with the constraints of its macro economic policies."The time has come to
New Delhi: Prime Minister Manmohan Singh has ruled out the country could suffer a repeat of its 1991 balance-of-payments crisis as it deals with a falling rupee and a huge trade gap.He was speaking a
New Delhi: Gold prices regained Rs 31,000 level after witnessing a steep rise of Rs 1,310 to 2-year high on Friday on rising demand for the festive season amid a firm global trend.Traders said increased
New Delhi: The rupee on Friday touched a record low of 62 per dollar on heavy US currency demand supported by growing expectations that Fed may withdraw its bond buying programme by the end of
New Delhi: As onions continue to remain costly at about Rs 80 per kg, fair trade regulator CCI is looking into the possibility of cartelisation and hoarding by traders and other entities.While the Competition Commission
New Delhi: The World Bank will give $100 million assistance to the National Housing Bank (NHB) to help provide people on low incomes with easy access to housing finance.According to an agreement signed between the
New Delhi: Pining hopes on rupee stabilisation and impact of good monsoon in coming days, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said he expected inflation to hover around 5 and 6 per cent
New Delhi: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on
New Delhi: The government has increased import duty on gold, silver and platinum to 10 per cent with a view to arrest the declining value of rupee and contain the current account deficit to 3.7
New Delhi: Duties on import of gold, silver, oil and non-essential goods may go up as Finance Minister P Chidambaram on Monday declared government's intention to compress their imports along with other measures to check
New Delhi: Exports grew by 11.64 per cent to $25.83 billion in July, snapping two consecutive months of decline, on the back of demand from Africa, Asean and Far East regions. Imports also declined by
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