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Fitch cuts SBI, ICICI, PNB rating outlook to negative

Global agency Fitch on Wednesday cut credit rating outlook to negative from stable of 11 financial entities including SBI, ICICI Bank, PNB and Axis Bank. The action follows the revision…

Inflation rises in May

Inflation rises in May

The Reserve Bank of India releases its mid-quarter monetary policy review on June 18, and weakening domestic and global economic conditions have added to the likelihood it will take action…

Sensex rises 47 points; capital goods, power stocks up

Sensex rises 47 points; capital goods, power stocks up

A benchmark index of Indian equities markets was trading 47 points higher around noon Wednesday, led by good buying support in capital goods, power and health care stocks. The 30-scrip…

A Strong growth prospects for India & China : Mark Mobius

A Strong growth prospects for India & China : Mark Mobius

Expressing great faith in the growth prospects of both India and China, Mark Mobius of Templeton Emerging Markets Fund told,that he was positive on the economies of both the countries.…

Rupee fails to maintain initial gains, down 16 paise vs dollar

Rupee fails to maintain initial gains, down 16 paise vs dollar

The rupee failed to maintain initial gains against the US dollar and was down 16 paise at 55.56 in the late morning trade on fresh demand for the American currency…

Retail inflation inches up to 10.36% in May

Retail inflation inches up to 10.36% in May

Retail inflation moved up marginally to 10.36% in May on account of increase in prices of vegetables, edible oils and milk. Based on the Consumer Price Index (CPI), the inflation…

Inflation inches up to 7.55% in May

Inflation inches up to 7.55% in May

Double-digit increase in prices of food and fuel pushed inflation higher in May compared to the previous month, and economists said the Reserve Bank of India (RBI) may go for…

Rupee up 14 paise against dollar in early trade

Rupee up 14 paise against dollar in early trade

The rupee today rose by 14 paise to 55.66 against the US dollar in early trade at the Interbank Foreign Exchange market as the American currency weakened against the Euro…

Sensex recovers 124 points on global cues

Sensex recovers 124 points on global cues

The BSE benchmark Sensex recovered by over 124 points in early trade today on fresh spell of buying by funds and retailers amid a strong trend in Asian markets. The…

Nokia rejigs top management after three executives quit

Nokia rejigs top management after three executives quit

Mobile handset major Nokia on Thursday announced changes in senior management following the resignation of three officials including Chief Marketing Officer Jerri DeVard. DeVard had joined the company in January…