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Oil prices dent markets; Sensex down 220 points

Oil prices dent markets; Sensex down 220 points

Mumbai:(IANS) The prevailing logjam in parliament coupled with prospects of a US rate hike and the decline in oil and gas stocks subdued Indian equity markets, leading a barometer index to shed 220 points on Tuesday. Initially, both the bellwether ...

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No worries on fiscal deficit: Jaitley

No worries on fiscal deficit: Jaitley

New Delhi:(IANS) With the economy showing signs of returning to a growth path, the government is not concerned about keeping to fiscal deficit targets, despite the additional expenditure on account of implementing one-rank-one-pension (OROP) and the latest Pay Commission recommendations, ...

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India’s central bank holds interest rates, growth forecast

India’s central bank holds interest rates, growth forecast

Mumbai:(IANS) The Indian central bank on Tuesday kept its short-term lending and borrowing rates unchanged, balancing its policy action between a comforting 7.4 percent economic growth for the fiscal’s second quarter and a creeping inflation, a decision which India Inc ...

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Samvat 2072 begins on positive note; Sensex gains

Samvat 2072 begins on positive note; Sensex gains

Mumbai:(IANS) Samvat 2072, marking the start of the Hindu New Year, began on a positive note for Indian equities at a special trading session held on Wednesday. Held every year on Diwali day, the special trading session saw both the ...

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J&K: Modi announces Rs.80,000 crore package

J&K: Modi announces Rs.80,000 crore package

Srinagar:(IANS) Prime Minister Narendra Modi on Saturday announced an economic bonanza of Rs.80,000 crore for Jammu and Kashmir, eight months after the BJP came together with the PDP to form the state government. Modi, during his day-long visit to the ...

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Indian insurers are under control of Indians, say experts

Indian insurers are under control of Indians, say experts

By Venkatachari Jagannathan Chennai:(IANS) India’s insurance regulator with its guidelines on “Indian Owned and Controlled” insurance companies has plugged loopholes to effectively hand management control to Indians, say experts. They however wonder whether the Insurance Regulatory and Development Authority of ...

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India gets 638 declarants for $580 mn black money

India gets 638 declarants for $580 mn black money

New Delhi:(IANS) India’s drive against black money to get back ill-gotten wealth stashed away abroad by its citizens has drawn responses from 638 declarants for total assets worth Rs.3,770 crore ($580 million), an official statement said on Thursday. September 30 ...

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India to get ADB loan for tourism development

India to get ADB loan for tourism development

New Delhi:(IANS) The Indian government on Monday signed an agreement for a $123.51 million loan from the Asian Development Bank (ADB) for tranche three of the Infrastructure Development Investment Programme for Tourism to upgrade tourism infrastructure and services in Punjab, ...

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37 percent of Indian corporate debt a risk: RBI

37 percent of Indian corporate debt a risk: RBI

Mumbai:(IANS) Nearly 37 percent of the debt to corporate sector in India is a risk, said Reserve Bank of India (RBI) Deputy Governor S.S.Mundra on Wednesday citing a report by International Monetary Fund (IMF). “Major concern in the global arena ...

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Weak global cues dent equity markets, Sensex closes flat

Weak global cues dent equity markets, Sensex closes flat

Mumbai:(IANS) Weak global cues dented investor sentiments at the Indian equity markets, leading to a barometer index closing flat on Monday. The S&P BSE Sensex, which opened at 26,107.98 points, provisionally closed at 26,194.67 points (at 3.30 p.m.) — down ...

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