New Delhi, May 20 : Falling for the first time in five sessions, the BSE benchmark Sensex today retreated from 30-month high levels by losing 62 points to end at 20,223.98 on profit-booking in recent gainers in healthcare, consumer durable and banking sectors. After a steady start, Sensex touched intra-day high of 20,443.62 but emergence [...]
Gold fell to its lowest level in 21 months and silver hit a 31-month low on heavy sell off by stockists, taking weak cues from overseas. While gold dropped by Rs 330 to Rs 26,370 per 10 grams, matching its price on August 10, 2011, silver prices plunged by Rs 1,530 to Rs 42,170 per [...]
New Delhi, May 20 : With an aim to provide stronger powers to Sebi for taking on perpetrators of ponzi schemes and other fraudulent activities, the government has proposed to arm the market watchdog with direct powers to carry out search and seizure operations and for attachment of assets. Besides, it has also been proposed [...]
Mumbai, May 20: The rupee weakened by 10 paise to 54.98 against the dollar on the Interbank Foreign Exchange market in early trade today. Increased demand for the dollar from banks and importers mainly put pressure on the rupee, dealers said. A firm opening in the domestic equity market and easing dollar against other currencies [...]
New Delhi, May 19: Amid a growing number of brokerage firms, hedge funds and other market intermediaries from abroad soliciting business from HNIs and other investors in India, Sebi is considering introducing a separate set of rules for such foreign entities. The new set of rules would ensure that the intermediaries working in foreign markets [...]
New Delhi, May 18 : Gold prices fell by Rs 110 to Rs 26,700 per ten grams in the national capital today on reduced offtake against stockists selling sparked by a weak global trend. Silver, however, held steady at Rs 43,700 per kg in restricted buying. Traders said stockists selling in tandem with a weak [...]
Kolkata, May 18 : Country’s largest banker, State Bank of India, today said it would review returns from its foreign and domestic business after margins overseas came under pressure. “Overseas business margins are under pressure. My sense is domestic RoE (return of equity) is significantly higher than overseas biz. Therefore, it may not be very [...]
Mumbai, May 17 : Extending gains for the fourth day in a row, the BSE benchmark Sensex today rose by 39 points, mainly on buying in power, capital goods and realty sector stocks amid increased foreign inflows. The 30-share index rose by 38.79 points, or 0.19 per cent, to 20,286.12. It has gained 556 points [...]
New Delhi, May 17: Expressing concern over widening trade deficit, India today sought from Japan more market access for its exporters in sectors like agriculture, marine product and pharmaceuticals. The matter was raised by visiting Commerce and Industry Minister Anand Sharma with Japanese Foreign Minister Fumio Kishida. Sharma is on a two-day visit to Tokyo [...]
New Delhi, May 17 : India today sought investment from Japan in sectors like infrastructure and electronic hardware to enhance trade relations between the countries. Commerce and Industry Minister Anand Sharma, who is in Tokyo for India Investment Roundtable meeting, asked the Japanese businessmen to explore business opportunities in India.”Sharma invited leading Japanese companies to [...]
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