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Ready to be more flexible in loan recast to spur growth: RBI
25 Nov 2014 at 6:31am
An estimated Rs 20 trillion worth of projects are stuck at various stages for want of land, or environmental clearances or other regulatory or public approvals.

Rupee rebounds 8 paise against dollar to end at 61.86
25 Nov 2014 at 5:24am
After breaching the 62-mark in early trade, Indian rupee on Tuesday rebounded and ended with a gain of 8 paise at 61.86 against the Greenback on account of suspected RBI intervention through state-owned banks.

Sensex, Nifty log biggest drop in nearly six weeks
25 Nov 2014 at 4:10am
After hitting record high on Monday, the market has opened on a sluggish note on Tuesday. The Sensex is down 14.18 points at 28485.36 and the Nifty is down 11.90 poiIn their biggest drop in nearly six weeks, benchmark Sensex on Tuesday tumbled 161 points to 28,338.05 and Nifty index fell 67 points to 8,463.10 from record highs due to profit-booking and worries over new norms on P-Notes. Shares of Realty, FMCG, Power, Metal, Consumer Durables, Banking, Capital Goods and Auto fell on heavy selling.nts at 8518.25.

Rajya Sabha extends deadline for Select Committee on Insurance Bill by Decemb...
25 Nov 2014 at 12:46am
Rajya Sabha on Tuesday extended deadline for the Select Committee on the Insurance Amendment Bill and asked it to submit the report by December 12. According to the amendment, the foreign direct investment will be hiked from 26 per cent to 49 per cent.

US investors elevate India over other emerging markets
24 Nov 2014 at 9:34pm
US investors, buoyed by optimism about India's economy and booming stock market, have been moving money into exchange-traded funds that focus solely on that country.

Rupee down 7 paise against dollar in early trade
24 Nov 2014 at 8:20pm
The rupee again breached the 62-mark by falling 7 paise to 62.01 against the US dollar in early trade on Tuesday on the Interbank Foreign Exchange market due to appreciation of the greenback against other currencies overseas.

Sensex, Nifty open flat; Bharti gains 2 per cent, HDFC & ICICI fall
24 Nov 2014 at 8:15pm
After hitting record high on Monday, the market has opened on a sluggish note on Tuesday. The Sensex is down 14.18 points at 28485.36 and the Nifty is down 11.90 points at 8518.25.

I-T seizes over Rs 135 crore cash, jewellery from Sahara group
24 Nov 2014 at 7:31am
The Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Sahara group during its raids on its two premises in Delhi and Noida in connection with alleged tax evasion charges.

India can grow at 9 per cent, become $10 trillion economy in 20 years: Report
24 Nov 2014 at 6:21am
India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday. "India is on the cusp of major change... For India to take the winning leap and grow its GDP by 9 per cent per annum to become a $10 trillion economy, a concerted effort from corporate India, supported by a vibrant entrepreneurial ecosystem and a constructive partnership with the government will play a critical role," said the PwC report, 'Future of India - The Winning Leap'.

Sensex, Nifty end at new closing high; metals & IT surge
24 Nov 2014 at 5:07am
The Sensex ended up 164.91 points or 0.6 per cent at 28499.54 after hitting intra-day record high of 28542.

Sensex, Nifty end at new closing high
24 Nov 2014 at 2:59am
The Sensex ended up 164.91 points or 0.6 per cent at 28499.54 after hitting intra-day record high of 28542.

Jindal Steel shelves $10 billion project after coal setback
24 Nov 2014 at 1:21am
Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman said, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.

Rupee gains 8 paise against dollar in early trade
23 Nov 2014 at 8:58pm
The rupee strengthened by eight paise to 61.68 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows.

Nifty hits 8500, Sensex strong; metals surge
23 Nov 2014 at 7:55pm
The market opens at a record high once again. The Nifty hits 8500 in opening for first time.

Coal India trade unions call off strike in victory for PM Modi
23 Nov 2014 at 4:14am
The labour unions of state-run Coal India have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.

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