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FDI drive: BSE Sensex jumps over 400 pts, Nifty touches new 2012 high

FDI drive: BSE Sensex jumps over 400 pts, Nifty touches new 2012 high

The BSE Sensex was on Friday trading near high point of the day, up over 440 points, in the late morning session amid heavy foreign fund inflows due to the…

Indian rupee up 30 paise against US dollar

Indian rupee up 30 paise against US dollar

The Indian rupee on Friday recovered by 30 paise to 54.08 against the US dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amid weakening of…

Regulator warns banking union could split Europe

Regulator warns banking union could split Europe

Plans to create a European banking union risks a supervisory split between countries in the euro zone and those outside, Europe’s top bank regulator said on Wednesday, warning of his…

Eurozone in deepening recession, says PMI survey

Eurozone in deepening recession, says PMI survey

Europe appears headed for a deepening economic recession despite a recent easing in market concerns over the three year debt crisis, a closely-watched survey found Thursday. Financial data company Markit…

Air India gets second Boeing 787 Dreamliner, plans new routes

Air India gets second Boeing 787 Dreamliner, plans new routes

Air India has received its second Boeing 787 Dreamliner and is planning to open new international routes using the aircraft to destinations in Australia and southeast Asia. Notably, the national…

BSE Sensex down on political crisis

BSE Sensex down on political crisis

Funds and retail investors trimmed positions due to political crisis following Trinamool Congress, a key UPA ally, decision to withdraw its support to the government that pulled the BSE benchmark…

Left, BJP come together to protest against FDI in retail

Left, BJP come together to protest against FDI in retail

Government’s decision to allow FDI in multi-brand retail trade brought the Communists and Bharatiya Janata Party (BJP) leaders together on Thursday, who took out a rally in New Delhi to…

Steel production target may be met: Govt

Steel production target may be met: Govt

Government today expressed confidence of meeting the steel production target for the current financial year. Steel Secretary D R S Chaudhary, said the brown field expansion programmes of public and…

UBHL auditors raise concern over Kingfisher exposure, defaults

UBHL auditors raise concern over Kingfisher exposure, defaults

Auditors of UB group’s holding firm, UBHL, have raised concerns over its significant exposure to debt-ridden Kingfisher Airlines, as also on delays and defaults related to tax dues and repayments…

SBI cuts base rate by 25 bps, others likely to follow suit

SBI cuts base rate by 25 bps, others likely to follow suit

State Bank of India on Tuesday became the first bank to reduce the lending rate by 0.25 per centafter RBI’s policy announcement on September 17. Other banks are likely to…