Business
The benchmark BSE Sensex pared initial losses but was still lower by 313 points to trade below the crucial 26,000-level because of a sell-off triggered by the setback suffered by the BJP-led NDA in Bihar assembly. All the sectors, realty, power, teck, healthcare, consumer durables, IT, capital goods and metals were in the red. The […]
Extending its fall for the second session, the benchmark BSE Sensex fell by another 101 points to trade at 26,451 in early trade on Thursday on widespread losses on sustained selling by cautious investors ahead of the east-Indian state Bihar’s elections result. The 30-share barometer, which had lost 37.67 points on Wednesday, fell further by […]
Expecting inflation to remain under control, Finance Minister Arun Jaitley today said he is hopeful that the downward move in interest rates will stay. Speaking at a housing market event here, he said the Reserve Bank has lowered the rates on four occasions this year, which was a positive step for the real estate sector […]
New Delhi, Oct 30 (PTI) Unveiling the much-awaited draft civil aviation policy, the government on Friday proposed tax incentives for airlines, maintenance and repair works of aircrafts besides mooting 2 per cent levy on all air tickets to fund regional connectivity scheme. In a significant move, the Civil Aviation Ministry has pitched for over 50 […]
The rupee trimmed its initial losses, but was still down 10 paise at 64.90 per dollar in late-morning deals in the midst of sustained demand for the US currency from importers amid lower dollar overseas. The Indian rupee opened sharply lower at 64.95 as against yesterday’s level of 64.80 at the Interbank Foreign Exchange (forex) […]
Reserve Bank Governor Raghuram Rajan today said the country cannot have a GDP growth of 9 per cent until it makes “tremendous investments” and improves supply situation that boosts demand, but warned against populist policies. To a query on whether the country can have much higher levels of growth without inflation, Rajan said, “The answer […]
From tonight Diesel price would be Rs 45.90 per litre with against current rate of Rs 44.95 up by 95 paise, was stated by Indian Oil Corporation. Its the second hike in diesel prices in October. Rates were increased by 50 paise on October 1. At the last revision on September 1, petrol price were […]
Ending three-day losing streak, the benchmark BSE Sensex today rebounded by 230.48 points to recapture the 27,000-level on the back of value buying in blue-chips led by auto, PSU and metal amid firm global trend. Market mood turned positive in line with a strong rally in Asian and European shares after a weak US data […]
With Israeli leaders marvelling at India’s unique model of multi-culturalism, President Pranab Mukherjee today emphasised that diversity is an integrating factor and India’s strength lies in its capacity to blend contradiction into positive affirmations. Describing “diversity as an integrating factor” and “unity in diversity” as a core value, Mukherjee told the audience in the Hebrew […]
The rupee recovered by 9 paise to 65.09 against the dollar in early trade on fresh selling of the US currency by exporters and banks. Besides, the dollar’s weakness against major world currencies after poor data in China and Europe bolstered prospects the Federal Reserve will delay hiking its key interest rate strengthened the rupee […]
