Business
Maldivian President Abdulla Yameen has assured Prime Minister Narendra Modi that his country will not allow any foreign power to set up a military base under the new law allowing foreign ownership of land, allaying India’s concerns over possible expansion of Chinese strategic assets in the archipelago. Yameen, in a letter to Modi, also assured […]
Market ended the session on a weaker note today as the benchmark BSE Sensex dropped by 62 points to 28,236.39 — its first fall in two days — on disappointing earnings number of state-run BHEL and profit-booking in select banking and pharma stocks. The index, which opened in the positive zone gave up all of […]
The benchmark BSE Sensex recovered sharply over 213 points in early trade on Wednesday powered by capital inflows by foreign funds and buying by retail investors amid a strong Asian trend. Besides, better-than-expected Q1 earnings by Bharti Airtel buoyed sentiment. The 30-share index, which had lost 115.13 points in the previous volatile session, gained back […]
Rebuffing pressure from the government to reduce cost of borrowing, RBI Governor Raghuram Rajan today kept interest rates unchanged, citing a spike in food prices and banks passing on to consumers only less than half of its previous rate cuts. Rajan, in his third bi-monthly policy of the fiscal, left benchmark lending (repo) rate unchanged […]
Today the benchmark BSE Sensex advanced over 72 points to settle the day at over one-week high of 28,187.06, ahead of the RBI’s monetary policy review tomorrow, mainly driven by a strong rally in banking, auto and realty stocks. Brokers said sustained buying by participants to enlarge their portfolios ahead of RBI’s bi-monthly policy review […]
The National Stock Exchange (NSE) has extended concessions on transaction charges for currency derivatives by two months till September 30, a move that will help bring in more liquidity in the segment. The bourse has also decided to continue with the transaction fee it is currently levying on trading members for interest rate futures (IRF) […]
US President Barack Obama, is very enthusiastic about the prospect of increased Indo-US collaboration, economic growth for American companies and investments in India, the White House has said. “Generally speaking, in terms of the US-India partnership, which you’ve referenced, the President is very enthusiastic about the prospect of increased collaboration, increased economic growth for American […]
Market again took a beating today, with the benchmark BSE Sensex crashing over 551 points to 27,561.38, its weakest closing in over five weeks, on concerns that stricter norms for participatory notes may hit foreign investments and a major slump in Chinese stocks. The NSE Nifty also dipped below the 8,400-level. Market slumped amid fears […]
The rupee dropped by another 15 paise to 63.73 against the US currency in late morning trade due to sustained dollar demand from banks and importers amid higher dollar overseas. The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market. It moved in a […]
Paring its early losses, the benchmark BSE Sensex rose by 158 points on buying in pharma, FMCG, power and auto stocks. The broader market also gained with BSE Midcap and Smallcap indices gaining over 0.5 per cent. The Sensex had opened lower by 109 points, while NSE Nifty had fell below the 8,500 level due […]
