ATM with Rs.10 lakh gutted in Ghaziabad
May 17th, 2012 - 11:24 pm ICT by IANS
Ghaziabad, May 17 (IANS) An automated teller machine (ATM) of the State Bank of India Thursday caught fire in Ghaziabad, police said. Sources said it contained Rs.10 lakh ... Read more...
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Rupee slide continues: hits new low of 54.60 against dollar (Lead)
May 17th, 2012 - 8:22 pm ICT by IANS
Mumbai, May 17 (IANS) The Indian rupee fell to a new record intra-day low for the second session in a row Thursday, despite the Reserve Bank of India's intervention, ... Read more...
Posted in Business |
Rupee hits record low of 54.50 against dollar (Lead)
May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...
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Rupee dips to record low of 54.42 against dollar
May 16th, 2012 - 3:27 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.42 against the US dollar Wednesday due to rising concern over fiscal deficit and poor economic ... Read more...
Posted in Business |
Inflation accelerates to 7.23 percent in April
May 14th, 2012 - 2:47 pm ICT by IANS
New Delhi, May 14 (IANS) India's inflation rose faster-than-expected to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase in ... Read more...
Posted in Business |
Sensex falls for third straight week on negative cues (Weekly Market Review)
May 12th, 2012 - 7:18 pm ICT by IANS
Mumbai, May 12 (IANS) The Left-ward turn in politics in France and Greece and weak domestic economic data weighed heavy on Indian equities markets with a benchmark index closing ... Read more...
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India’s forex reserves fall by $2.187 billion
May 12th, 2012 - 5:07 pm ICT by IANS
Mumbai, May 12 (IANS) India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed. Forex reserves had risen by ... Read more...
Posted in Business |
Rupee falls on IIP figures, impact of RBI action muted
May 11th, 2012 - 9:07 pm ICT by IANS
Mumbai/Bangalore, May 11 (IANS) The rupee fell again Friday closing at 53.63 to the dollar after data showed a fall in factory output for March.The rupee had ended at 53.44 ... Read more...
Posted in Business |
With bumper wheat crop, Punjab farmers rich by Rs.14,110 crore
May 11th, 2012 - 8:58 pm ICT by IANS
Chandigarh, May 11 (IANS) Having achieved a record wheat crop of over 120 lakh tonnes this season, Punjab farmers have become richer by Rs.14,110 crore."Punjab farmers are richer by Rs.14,110 ... Read more...
Posted in Business |
Sharma seeks differential rate for industry as output falls
May 11th, 2012 - 7:25 pm ICT by IANS
New Delhi, May 11 (IANS) The Reserve Bank of India (RBI) should devise a mechanism of differential rate of credit for manufacturing sector to revive growth, Commerce and Industry ... Read more...
Posted in Business |
IIP data suggests slowdown: RBI
May 11th, 2012 - 6:03 pm ICT by IANS
Bangalore, May 11 (IANS) The 3.5 percent contraction in the Index of Industrial Production (IIP) data for March indicates that there is "a sort of slowdown, which is a concern", ... Read more...
Posted in Business |
India’s industrial output contracts by 3.5 percent in March
May 11th, 2012 - 3:00 pm ICT by IANS
New Delhi, May 11 (IANS) India's industrial output shrank by 3.5 percent in March due to poor show of manufacturing and mining sectors, dampening hope for any early revival of ... Read more...
Posted in Business |
Sensex falls 59 points as bearish mood prevails (Lead)
May 10th, 2012 - 8:01 pm ICT by IANS
Mumbai, May 10 (IANS) Benchmark indices of Indian equities fell for the third day Thursday as concern over European economies and the depreciating rupee weighed on the markets. Metals, ... Read more...
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RBI steps in to control rupee slide
May 10th, 2012 - 4:30 pm ICT by IANS
Mumbai, May 10 (IANS) The Reserve Bank of India (RBI) Thursday asked exporters to convert at least 50 percent of their foreign exchange holdings in rupee, a move seen to ... Read more...
Posted in Business |
Sensex closes 67 points down as bearish mood prevails (Roundup)
May 9th, 2012 - 7:13 pm ICT by IANS
Mumbai, May 9 (IANS) Indian equities fell for the second day Wednesday as concern over European economies and the depreciating rupee weighed on the markets. Banks, oil and gas, ... Read more...
Posted in Business |
Sensex marginally down in afternoon trade (Lead)
May 9th, 2012 - 4:07 pm ICT by IANS
Mumbai, May 9 (IANS) A benchmark index for Indian equities markets was trading 0.07 percent down around 2 p.m. Wednesday, led by selling pressure in bank, metals, oil and ... Read more...
Posted in Business |
Union Bank of India quarterly net profit up
May 9th, 2012 - 3:44 pm ICT by IANS
Mumbai, May 9 (IANS) Public sector lender Union Bank of India Wednesday reported 29 percent increase in net profit, at Rs.773 crore for the quarter ended March 31 against Rs.597.57 ... Read more...
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Bangladesh banker favours micro-finance regulation
May 9th, 2012 - 12:21 am ICT by IANS
Kolkata, May 8 (IANS) Bangladesh Bank Governor Atiur Rahman Tuesday emphasised the need for strong regulation for monitoring micro-finance institutions."We are striving to maintain the right balance of ensuring that ... Read more...
Posted in South Asia |
Sensex loses 367 points; IT, bank, auto stocks hit (Roundup)
May 8th, 2012 - 7:11 pm ICT by IANS
Mumbai, May 8 (IANS) A benchmark index for Indian equities markets plunged 367 points in late sell-off Tuesday amid weak global cues. Information technology, capital goods and auto stocks ... Read more...
Posted in Business |
IMF pegs Asia-Pacific growth at 6 percent in 2012
May 7th, 2012 - 11:41 pm ICT by IANS
Mumbai, May 7 (IANS) Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year - barring ... Read more...
Posted in Business |
Sensex rebounds after government defers GAAR (Roundup)
May 7th, 2012 - 6:58 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets Monday clawed back into green after Finance Minister Pranab Mukherjee deferred the general anti-avoidance rules (GAAR) by a ... Read more...
Posted in Business |
Sensex falls 193.40 points, banking stocks slump (Lead)
May 7th, 2012 - 4:27 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets was trading 193.40 points down at around 2.00 p.m. Monday, led by selling pressure in banking, metals and ... Read more...
Posted in Entertainment |
Sensex falls 302 points, banking stocks slump
May 7th, 2012 - 2:36 pm ICT by IANS
Mumbai, May 7 (IANS) A benchmark index for Indian equities markets was trading 301.66 points down at around noon Monday, led by selling pressure in banking, consumer goods, metals ... Read more...
Posted in Business |
UBI Q4 net up 4 percent
May 5th, 2012 - 10:10 pm ICT by IANS
Kolkata, May 5 (IANS) Kolkata-based United Bank of India (UBI) Saturday said it has registered a 4.2 percent growth in its net profit to Rs.1.49 billion for the quarter ended ... Read more...
Posted in Business |
IOB mulls new core banking solution on Oracle platform
May 5th, 2012 - 8:58 pm ICT by IANS
Chennai, May 5 (IANS) Government-owned Indian Overseas Bank (IOB) will soon migrate to a new core banking solution (CBS) built on Oracle platform from its own CBS, a senior bank ... Read more...
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India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee
May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...
Posted in Business |
Sensex falls for second week on earnings and negative cues (Weekly Market Review)
May 5th, 2012 - 6:18 pm ICT by IANS
Mumbai, May 5 (IANS) Concerns over weak earning results, negative global cues and an uncertain regulatory environment weighed heavy on Indian equities markets as a benchmark index closed lower ... Read more...
Posted in Business |
India’s forex reserves rise by $758.3 million
May 5th, 2012 - 3:12 pm ICT by IANS
Mumbai, May 5 (IANS) India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by ... Read more...
Posted in Business |
Sensex slides 320 points to close below 17,000 (Roundup)
May 4th, 2012 - 6:54 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets Friday slid 320 points to close below 17,000 for the first time in more than three months over ... Read more...
Posted in Business |
Sensex falls below 17,000 points (Lead)
May 4th, 2012 - 5:04 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 300.43 points down at around 3 p.m. Friday, led by selling pressure in banking, consumer goods, ... Read more...
Posted in Business |
Sensex falls, banking and consumer goods stocks slump
May 4th, 2012 - 2:25 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Friday, led by selling pressure in banking, consumer goods, metals ... Read more...
Posted in Business |
Inflation pressure may re-emerge in India: Morgan Stanley
May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...
Posted in Business |
Sensex loses 151 points; auto, bank stocks fall the most (Roundup)
May 3rd, 2012 - 6:57 pm ICT by IANS
Mumbai, May 3 (IANS) A benchmark index for Indian equities markets closed 150.72 points down Thursday on selling by foreign funds, weak earnings and a sliding rupee amid negative ... Read more...
Posted in Business |
Banking stocks fall on concern new norms may hit profits
May 3rd, 2012 - 4:17 pm ICT by IANS
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms ... Read more...
Posted in Business |
Sensex falls 126 points; auto, realty stocks slump
May 3rd, 2012 - 2:07 pm ICT by IANS
Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking ... Read more...
Posted in Business |