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Economic growth revised up by almost 50 per cent
30 Jan 2015 at 6:41pm
India's economy grew almost 50 per cent faster in 2013/14 than earlier thought, the government said on Friday after changing a formula, a reminder of the challenges that unreliable statistics present to Indian policymakers.
Sensex drops 499 points, Nifty snaps 10-day rally on profit-taking
30 Jan 2015 at 5:48am
The benchmark Sensex on Friday hit new high of 29,844.16 but succumbed to heavy profit-booking led by banking shares to fall by 498.82 points to 29,182.95, logging its worst drop in three weeks, even as the government's mega share sale in Coal India sailed through.
Coal India Limited mega share sale sails through; government to get Rs 22600 ...
30 Jan 2015 at 5:34am
In the biggest ever disinvestment exercise, the government's 10 per cent stake sale in Coal India on Friday got over subscribed by 1.05 times and fetched about Rs 22,600 crore although retail investors did not bid so aggressively.
Sensex hits another peak of 29,844.16; Nifty at 8,996.60
29 Jan 2015 at 8:55pm
The BSE Sensex continued its record setting spree and hit a new peak of 29,844.16 and the NSE Nifty inched towards the 9,000-level in early trade today on robust fund inflows and sustained optimism over the upcoming Budget.
Rupee recovers 12 paise against dollar in early trade
29 Jan 2015 at 8:06pm
The rupee recovered by 12 paise to 61.74 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters.
Nifty races towards 9000, Sensex firm
29 Jan 2015 at 7:54pm
It is a record high opening as the Nifty approaches 9000-mark on first day of February F&O series. The 50-share index is up 44.20 points at 8996.55. The Sensex is up 140.11 points at 29821.88, and the Nifty About 497 shares have advanced, 115 shares declined, and 151 shares are unchanged.
India's FDI increased by 26 per cent in 2014: UN
29 Jan 2015 at 10:25am
Notwithstanding the decline in global foreign direct investment inflows, India's FDI increased by 26 per cent in 2014 to an estimated $35 billion with maximum growth in the services sector, a UN report said on Thursday.
If mobile numbers can be ported why not bank accounts, says RBI
29 Jan 2015 at 9:59am
As technological advancements continue to change the world of finance and banking, Reserve Bank Deputy Governor SS Mundra on Thursday called upon bankers to "reinvent themselves" if they want to remain relevant.
GDP base year revision may help government contain fiscal deficit
29 Jan 2015 at 4:56am
A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released on Friday, which may provide some cushion to government struggling to meet fiscal deficit target.
Rupee logs worst drop in 7 weeks vs US dollar, down 45 paise at 61.86
29 Jan 2015 at 4:54am
The Indian rupee on Thursday slid by 45 paise, its worst singe-session drop in nearly seven weeks, to end at 61.86 against the greenback on month-end dollar demand from importers and banks amid speculation that US Fed is considering raising interest rates later this year.
Sensex, Nifty log new new closing peaks on fag-end buying
29 Jan 2015 at 4:16am
After a brief pause, stocks continued their upward march on Thursday with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and Nifty index gaining 38.05 points to 8,952.35 on fag-end buying in select bluechips amid expiry of monthly equity derivatives.
Swachh Bharat cess may be imposed by way of a Service Tax amendment
29 Jan 2015 at 3:46am
A Swachh Bharat cess is likely to be imposed by way of a Service Tax amendment in the forthcoming Annual Budget.
Rupee down 7 paise against dollar in early trade
28 Jan 2015 at 9:55pm
The rupee fell by seven paise to 61.48 against the dollar in early trade on Thursday at the Interbank Foreign Exchange due to appreciation of the Greenback against other currencies overseas.
Sensex falls 152 points on profit-booking, global cues
28 Jan 2015 at 8:31pm
The benchmark BSE Sensex fell over 152 points in early trade on Thursday as participants locked-in gains in bluechip stocks amid caution in view of monthly expiry in the derivatives segment.
Facebook beats Wall Street's revenue targets in 4th quarter, earns 54 cents a...
28 Jan 2015 at 7:41pm
Facebook Inc's revenue grew 49 per cent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.