India’s foreign exchange reserves have risen to 283.57 billion dollars for the week ended November 15. A RBI press release issued in Mumbai said that foreign currency assets, which form the largest chunk of the reserves, rose by 1.465 billion dollars in the week under review. The gold reserves stood unchanged at 21.227 billion dollars […]
Falling for the third straight session, the Sensex at the Bombay Stock Exchange closed with a marginal loss of 12 points at 20,217, today. The Sensex had lost over 660 points in the previous two trading sessions. The Nifty at the National Stock Exchange dropped 4 points, to 5,995.
Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 256 points, or 1.2 percent, to close at 20,635, on profit-booking by investors, amid cautious global markets, today. The Sensex had rallied almost 700 points in the previous three trading sessions. The Nifty at the National Stock Exchange dropped 80 points, or […]
Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained 40 points, or 0.2 percent, to close at a nearly two-week high of 20,891, after volatile trade, today. The Sensex had advanced over 650 points in the previous two trading sessions. The Nifty at the National Stock Exchange rose 14 points, […]
Logging its best single-day gain in a month, the Sensex at the Bombay Stock Exchange surged 451 points, or 2.2 percent, to close at 20,851 on Monday, on buying by funds and on optimism over Chinese reforms and continued hopes of Fed sticking to its economic stimulus. The Nifty at the National Stock Exchange jumped […]
Pakistani trade delegation has pitched for Most Favoured Nation status for India. The delegation has also strongly advocated for a liberalised visa regime to boost bilateral trade. The delegation led by President Federation of Pakistan Chambers of Commerce and Industry President Zubair Ahmed Malik is in New Delhi for participating in the India International Trade […]
The economy of the eurozone grew by just 0.1 percent in the July-to-September period, down from 0.3 percent growth in the previous quarter. The weak growth levels being seen in the eurozone are among the reasons why the European Central Bank cut its main interest rate to 0.25 percent last week. Earlier, figures showed […]
The country’s industrial output grew 2 per cent in September this year, mainly on account of better performance by the power and mining sectors. Factory output, as measured in terms of the Index of Industrial Production, had contracted 0.7 per cent in September last year. According to data released by the government, today, power generation […]
Easing procedures, the Reserve Bank of India, RBI, has allowed third-party payment for export and import transactions. The RBI said that with a view to further liberalise the procedure relating to payments for exports/imports, banks are allowed payments for export of goods/software to be received from a third-party. It added, banks are also permitted […]
Commerce and Industry Minister Anand Sharma today said in New Delhi that the investment banker Goldman Sachs’ recent report on India is most inappropriate and objectionable. He said the country will not entertain any prescriptions from unconnected entities. The Minister said India’s growth story has always been strong and intact. Sharma was reacting to […]