Rupee trims initial losses Vs dollar; still down 19 paise
Mumbai: The Indian rupee trimmed initial losses against the US dollar but was still quoted lower by 19 paise to 67.82 in early trade on dollar demand from banks and importers.
Sensex up 161 pts in ea
Sensex up 161 pts in early trade; IT stocks lead recovery
Mumbai: The BSE benchmark Sensex on Wednesday recovered over 161 points in early trade after yesterday's steep fall, on the back of rally in IT, healthcare and metal sector stocks due to fresh buying
PM for orderly exit from unconventional monetary policies
New Delhi: Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an ‘orderly exit’ from unconventional monetary policies being
Rupee crashes to 68.50, Sensex sinks over 500 points
The Indian rupee breached 68.50 against the U.S. dollar to a record low on Wednesday. The partially convertible rupee crashed over three per cent to hit a low of 68.55 as against Tuesday's close of 66.24.
Rupee tumbles to 64.43; Sensex down around 400 points
The rupee hits fresh all-time low, trading around 64.40 per dollar as heavy dollar buying from large state-run banks along with demand from custodian banks hurt the local currency on Wednesday..
Onion prices spurts 40% in Lasalgaon to Rs 46/kg
New Delhi: Wholesale onion prices have shot up by 40 per cent in the last three days to Rs 46 a kg at Lasalgaon market in Nashik, the highest in the last two-and-a- half years, and the spurt could fu
India Inc bets on new biz leaders
Kolkata: At a time when most Indian firms have cut costs to improve bottom lines in a sluggish economic environment, a select few are taking a different route and investing substantially on developin
Andhra Bank Q1 net down 36%
Hyderabad: Public sector Andhra Bank on Wednesday said its net profit declined by 36 per cent to Rs 231 crore for the first quarter ended June 30, 2013, on account of higher provisioning towards non-
Government to further liberalise FDI policy, says Chidambaram
New Delhi: Faced with sliding rupee, Finance Minister P. Chidambaram on Wednesday said government will further liberalise the FDI policy and encourage public sector undertakings to raise funds from o
Bharti Airtel surges over 8% after Q1 results
Mumbai: Shares of telecom major Bharti Airtel on Wednesday soared by over 8 per cent, even as the company reported a 9.6 per cent fall in net profit for the first quarter ended June 30, 2013. Bharti'