Cotton Exchange Po

Everything you need to know about Cotton Exchange Po: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Cotton Exchange Po: news, reviews, in-depth analysis, opinion and more

Russia opens consulate in Goa

May 24, 2013 at 9:58 PM

Panaji, May 24 (IANS) A slew of illegal land deals involving its nationals was one of the reasons why Russia decided to start a consular office in Goa, which hosted 1.5 lakh Russian tourists this season, Ambassador Alexander Kadakin said Friday.

Jet Airway's shareholders approve Etihad deal

May 24, 2013 at 7:50 PM

Mumbai, May 24 (IANS) Jet Airways Friday said its shareholders have approved the company's plans to offload 24 percent stake to Abu Dhabi-based Etihad Airways for around $379 million (Rs.2,058 crore).

PM asks SEBI to stop insider trading

May 24, 2013 at 7:50 PM

Mumbai, May 24 (IANS) Prime Minister Manmohan Singh Friday asked the capital market regulator SEBI to root out the "pernicious disease" of insider trading, saying the future effectiveness of the institution would depend on this.

Fiscal deficit affecting corporate debt market: PM

May 24, 2013 at 7:26 PM

Mumbai, May 24 (IANS) Undeveloped corporate debt market is a weakness in India's financial system and high fiscal deficit is further complicating the problem, Prime Minister Manmohan Singh said Friday.

Sensex closes flat; capital goods stocks gain

May 24, 2013 at 5:58 PM

Mumbai, May 24 (IANS) A benchmark index of Indian equities markets Friday closed flat, a day after the benchmark index shed nearly two percent on the report that the US may reverse its monetary stimulus programme that spooked markets elsewhere in the world.

Sensex trades flat in pre-afternoon session

May 24, 2013 at 1:02 PM

Mumbai, May 24 (IANS) A benchmark index of Indian equities markets was trading flat in pre-afternoon trade Friday -- marginally up 0.16 percent.

Sensex slides 388 points on US Federal Reserve comment

May 23, 2013 at 6:30 PM

Mumbai, May 23 (IANS) A benchmark index of the Indian equities markets closed Thursday's trade nearly two percent down on reports that the US may reverse its monetary stimulus programme that spooked markets across the world.

Sensex tanks 353 points on negative global cues

May 23, 2013 at 3:34 PM

Mumbai, May 23 (IANS) A benchmark index of the Indian equities markets was trading 1.76 percent down around 2.30 p.m. trade Thursday, on the back of news emanating from the US that the stimulus programme could come to an end soon and weakness in other Asian bourses.

Sensex dips in pre-afternoon trade

May 23, 2013 at 12:06 PM

Mumbai, May 23 (IANS) A benchmark index of the Indian equities markets was trading 1.27 percent down in pre-afternoon trade Thursday.

Sensex closes in red; capital goods stocks plunge

May 22, 2013 at 6:54 PM

New Delhi, May 22 (IANS) A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking.

Sensex gains in pre-afternoon trade

May 22, 2013 at 1:18 PM

New Delhi, May 22 (IANS) A benchmark index of the Indian equities markets was trading 0.29 percent up in the pre-afternoon trade Wednesday.

T. rex cousin fed more like falcon than crocodile

May 22, 2013 at 1:10 PM

Washington, May 22 (ANI): It is believed that the mighty T. rex may have thrashed its massive head from side to side to dismember prey, but a new study has shown that its smaller cousin Allosaurus was a more dexterous hunter and tugged at prey more like a modern-day falcon.

Sensex closes more than half percent down

May 21, 2013 at 6:30 PM

Mumbai, May 21 (IANS) A benchmark index of Indian equities markets closed Tuesday's trade more than half a percent down owing to continued profit-booking.

Sensex trades nearly 0.30 percent down; auto stocks down

May 21, 2013 at 1:26 PM

Mumbai, May 21 (IANS) A benchmark index of the Indian equities markets was trading nearly 0.30 percent down in the pre-afternoon trade Tuesday owing to negative foreign cues and continued profit-booking.

Now, waterproof fabric that drains sweat

May 21, 2013 at 11:58 AM

Washington, May 21 (ANI): Bioengineers at the University of California, Davis have invented waterproof fabrics that whisk away sweat, using microfluidic technology.

Infosys to appeal against tax demand

May 20, 2013 at 9:02 PM

Bangalore, May 20 (IANS) Indian IT bellwether Infosys Ltd Monday said it would appeal against the notice of the income tax department demanding Rs.577 crore as outstanding dues for fiscal 2008-09.

Sensex closes 0.30 percent down; healthcare, bank stocks plummet

May 20, 2013 at 5:42 PM

Mumbai, May 20 (IANS) A benchmark index of Indian equities markets closed Monday's trade down 0.30 percent as there was heavy selling in healthcare, bank, consumer durables, oil and gas and capital goods stocks.

Sensex up nearly half a percent; auto stocks rally

May 20, 2013 at 12:22 PM

Mumbai, May 20 (IANS) A benchmark index of the Indian equities markets was trading nearly half a percent up in the pre-afternoon trade Monday on the back of sustained buying from foreign institutional investors (FIIs) and on positive global cues.

Sensex rallies for 5th straight week; up 164 points (Weekly market review)

May 18, 2013 at 5:02 PM

Mumbai, May 18 (IANS) Key indices of Indian equities markets rallied for the fifth week in a row, with the benchmark Sensex gaining 164 points in the weekly trade as a sharp drop in inflation boosted hopes of an early rate cut by the Reserve Bank of India.

PM to attend SEBI silver jubilee May 24

May 18, 2013 at 4:06 PM

Mumbai, May 18 (IANS) Prime Minister Manmohan Singh will attend the silver jubilee celebrations of market regulator Securities and Exchange Board of India (SEBI) here Friday, an official said here.

ITC Q4 net jumps 19.4 percent (Lead, changing dateline)

May 17, 2013 at 7:50 PM

Kolkata, May 17 (IANS) Cigarette-to-hotels conglomerate ITC Ltd Friday reported a 19.4 percent jump in its net profit to Rs.1,927.98 crore for the quarter ended March 31, 2013, from Rs.1,614.36 crore for the same period a year ago.

Farming in progress on the eve of monsoon in India

May 17, 2013 at 7:34 PM

New Delhi, May 17 (ANI): According to the latest statistics released by the Government, rice has so far been planted in 2.4 lakh hectares in the country. . This is 52 thousand hectare more than that reported a week ago (1.88 lakh ).

Sensex closes flat; capital goods stocks gain

May 17, 2013 at 6:22 PM

Mumbai, May 17 (IANS) A benchmark index of the Indian equities markets Friday closed in marginally positive territory, with scrips of capital goods, bank, power, realty and public sector undertakings (PSUs) gaining.

Sensex trades flat, consumer durables stocks down

May 17, 2013 at 12:54 PM

Mumbai, May 17 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Friday, two days after its biggest rally in a year.

Sensex range-bound; posts marginal change

May 16, 2013 at 5:50 PM

Mumbai, May 16 (IANS) A benchmark index of the Indian equities markets closed flat Thursday, as losses in consumer durables and auto stocks offset gains in realty, healthcare, oil and gas and banking scrips.

Reliance Capital profit surges 77 percent in 2012-13

May 16, 2013 at 4:54 PM

Mumbai, May 16 (IANS) Reliance Capital Thursday said its net profit surged by 77 percent to Rs.812 crore ($149 million) in the financial year ended March 31, 2013.

Sensex rallies 400 points on rate cut hopes

May 15, 2013 at 1:42 PM

Mumbai, May 15 (IANS) A benchmark index of the Indian equities markets surged more than 400 points Wednesday led by strong buying support in interest rate-sensitive banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.

Sensex closes flat; healthcare stocks gain

May 14, 2013 at 7:18 PM

Mumbai, May 14 (IANS) A benchmark index of the Indian equities markets closed flat Tuesday, a day after it plummeted to its lowest levels since May last year.

Dr Reddy's net profit up 78.54 percent in Q4

May 14, 2013 at 3:18 PM

New Delhi, May 14 (IANS) Dr Reddy's Laboratories net profit for the fourth quarter (January-March) of 2012-13 went up by 78.54 percent, the company said in a statement Tuesday to the Bombay stock Exchange.

NSE sees 14 percent more gold ETF trade this Akshaya Tritiya

May 13, 2013 at 9:58 PM

Kolkata, May 13 (IANS) The National Stock Exchange (NSE) Monday said it recorded a traded value of Rs.691 crore in gold exchange traded funds (ETFs) this Akshaya Tritiya, up by nearly 14 percent compared to last year.

Sensex down two percent on profit booking

May 13, 2013 at 6:14 PM

Mumbai, May 13 (IANS) A benchmark index of the Indian equities markets Monday closed 2.14 percent down on profit-booking and weak global cues.

NSE launches separate debt trading platform

May 13, 2013 at 5:02 PM

Kolkata, May 13 (IANS) The National Stock Exchange (NSE) Monday launched the country's first dedicated debt trading platform.

VivaKi Exchange bags IBL media mandate

May 13, 2013 at 3:02 PM

New Delhi, May 13 (IANS) VivaKi Exchange, a division of TLG India Pvt. Ltd., has clinched the media mandate for the Indian Badminton League (IBL) following a hard fought multi-agency pitch.

Post-poll Karachi Stock Exchange zooms up

May 13, 2013 at 1:58 PM

Islamabad, May 13 (IANS) The Karachi Stock Exchange shot up Monday, a day after unofficial results showed the Pakistan Muslim League-Nawaz had emerged as the single largest party.

Sensex trades below half a percent; FMCG stocks plummet

May 13, 2013 at 12:38 PM

Mumbai, May 13 (IANS) A benchmark index of the Indian equities markets was trading below more than half a percent in the pre-afternoon trade Monday.

China aims for simpler forex regulations

May 12, 2013 at 12:38 PM

Beijing, May 12 (IANS) China will simplify regulations on foreign exchange management to create a more convenient environment for foreign investors, authorities said.

Reliance Communications profits rise 300 percent in 2012-13

May 10, 2013 at 7:26 PM

New Delhi, May 10 (IANS) Reliance Communications Friday said its net profit surged almost 300 percent to Rs.624 crore in fiscal 2012-13.

Ghana to restructure capital market to spur growth

May 10, 2013 at 12:54 PM

Accra, May 10 (IANS) Ghana is ready to restructure its capital market to spur economic growth, Finance Minister Seth Terkper said here.

Sensex trades flat, metal and realty stocks down

May 10, 2013 at 12:54 PM

Mumbai, May 10 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Friday.

Wipro transfers Premji's shares to trust

May 9, 2013 at 9:34 PM

Bangalore, May 9 (IANS) IT bellwether Wipro Ltd Thursday secured the regulatory approval to transfer equity shares of its promoter group headed by chairman Azim Premji to an independent trust for meeting the 25 percent public shareholding requirement.

Sensex snaps gaining streak, ends lower

May 9, 2013 at 7:14 PM

Mumbai, May 9 (IANS) A benchmark index of the Indian equities markets Thursday closed 0.26 percent down, breaking a three days of consecutive gains to close below the 20,000-level mark, as traders booked profits ahead of the crucial industrial production and inflation data expected soon.

Sensex rangebound at around 20,000 points

May 9, 2013 at 2:56 PM

Mumbai, May 9 (IANS) A benchmark index of the Indian equities markets was rangebound Thursday, trading at around the 20,000 points mark, as gains in IT, realty, power and banking stocks offset losses in healthcare, metal and oil and gas scrips.

Zaka Ashraf declared PCB's first elected chairman

May 9, 2013 at 12:48 PM

Karachi, May 9 (ANI): Under the new PCB constitution, Mohammad Zaka Ashraf has been declared as the first elected PCB chairman for a span of four years, following a Board of Governors (BoG) meeting.

Foreign exchange earnings from tourism increases by 7.5 % in April

May 9, 2013 at 10:49 AM

New Delhi, May 9 (ANI): The foreign exchange earnings from tourism increased by 7.5 per cent in April as compared to the same period last year, even though there was no change in the number of foreign tourists.

Sensex crosses 20,000-mark, first time since Jan 31

May 8, 2013 at 5:44 PM

Mumbai, May 8 (IANS) A benchmark index of the Indian equities markets Wednesday crossed the 20,000-level-mark for the first time in more than three months on the back of sustained buying from foreign institutional investors (FIIs) and positive global cues.

Sensex crosses 20,000-mark, first time since Jan 31

May 8, 2013 at 4:16 PM

Mumbai, May 8 (IANS) A benchmark index of the Indian equities markets Wednesday crossed the 20,000-level-mark for the first time in more than three months gaining 119.23 points as fast moving consumer goods (FMCG) and bank stocks rallied.

Sensex trades flat, capital goods and bank stocks plummet

May 8, 2013 at 12:56 PM

Mumbai, May 8 (IANS) A benchmark index of the Indian equities markets was trading flat in afternoon trade Wednesday following heavy selling pressure in capital goods, banks, automobile, metal and realty stocks.

Hindustan Motors posts Rs 1.16 crore net loss in Q4

May 7, 2013 at 10:08 PM

Kolkata, May 7 (IANS) Maker of iconic Ambassador cars, Hindustan Motors Ltd (HML), owned by the C.K. Birla Group, Tuesday posted a net loss of Rs.1.16 crore in the quarter ended March 31, 2013, as against net profit of Rs.18.01 crore during the same period previous year.

Sensex ends Tuesday's trade one percent higher

May 7, 2013 at 7:13 PM

Mumbai, May 7 (IANS) A benchmark index of the Indian equities markets closed Tuesday's trade over one percent up and touched its highest level in the last three months.

Sensex up nearly half a percent

May 7, 2013 at 12:48 PM

Mumbai, May 7 (IANS) A benchmark index of the Indian equities markets was trading nearly half a percent up in afternoon trade Tuesday, following positive international cues and a renewed buying spree by foreign institutional investors (FIIs).

Tolani, Bedi given additional charge of post of member of Appellate Tribunal for Foreign Exchange

May 6, 2013 at 7:45 PM

New Delhi, May 6 (ANI): The Central Government has entrusted the additional charge of the post of member of the Appellate Tribunal for Foreign Exchange to R.P. Tolani, Judicial Member, Income Tax Appellate Tribunal, and U.B.S. Bedi, also Judicial Member, Income Tax Appellate Tribunal.

Sensex rises 98 points; Tata Steel, Hindalco rally

May 6, 2013 at 5:04 PM

Mumbai, May 6 (IANS) A benchmark index of the Indian equities markets rose 98 points Monday, the highest closing level in almost three months, led by good buying support in metal, IT and technology stocks.

Indefinite strike called by Mumbai traders

May 6, 2013 at 4:24 PM

Mumbai, May 6 (ANI): Traders here called for an indefinite strike over imposition of a Local Body Tax (LBT), bringing the business operations to a grinding halt.

Rupee rises by 14 paise to 53.80 against dollar

May 6, 2013 at 12:04 PM

Mumbai, May 6 (ANI): The rupee rose by 14 paise to 53.80 against the dollar in early trade at the Interbank Foreign Exchange on Monday on fresh selling of the U.S. currency by exporters, amid sustained foreign capital inflows.

Wall Street sets new milestones on encouraging payrolls report

May 4, 2013 at 10:36 AM

Beijing, May 4 (Xinhua-ANI): U.S. stocks continued to rally on Friday, with the S and P 500 closing above the 1,600 milestone level and the Dow hitting 15,000 points for the first time in history, boosted by optimistic U.S. nonfarm payrolls report in April.

US tightening visa rules for students

May 4, 2013 at 9:48 AM

Washington, May 4 (IANS) In the wake of the Boston Marathon bombings, the US will tighten oversight to help ensure that foreign students seeking to enter the US have valid student visas, according to various media reports.

Mcleod Russel to buy tea processing unit in Vietnam

May 3, 2013 at 7:56 PM

Kolkata, May 3 (IANS) Mcleod Russel, the world's largest tea producer, Friday said its Vietnamese subsidiary Phu Ben Tea Company has signed an agreement for purchase of a tea processing factory in the southeast Asian country for $2.75 million.

DPSC Ltd gets listed on MCX-SX

May 2, 2013 at 10:20 PM

Kolkata, May 2 (IANS) DPSC Limited, a power utility arm of Srei Infra Finance Group, Thursday got listed on the MCX Stock Exchange (MCX-SX), the country's latest exchange to start equity trading.

Mamata accuses centre of inaction against 'Ponzi' firms

May 2, 2013 at 9:00 PM

Kolkata, May 2 (IANS) Attacking the opposition over its demand for a CBI probe in the chit fund muddle, West Bengal Chief Minister Mamata Banerjee Thursday accused the central government of inaction against the burgeoning 'Ponzi' firms.

Yahoo chief pockets a whopping 36.6 million dollars in a six-month pay packet

May 1, 2013 at 3:24 PM

Sydney, May 1 (ANI): New Yahoo chief executive Marissa Mayer's compensation package totals more than 70 million dollars, including her basic pay, performance bonus and restricted stock, according to a regulatory filing with the U.S. Securities and Exchange Commission.

Sensex rises 117 points; FMCG stocks rally

April 30, 2013 at 5:32 PM

Mumbai, April 30 (IANS) A benchmark index of the Indian equities markets rose 117 points Tuesday, led by a strong rally in FMCG stocks after Hindustan Unilever announced better than expected earnings and its parent firm Unilever said it will raise stake in the company through an open offer.

Dabur Q4 net jumps 17.6 percent

April 30, 2013 at 4:52 PM

Kolkata, April 30 (IANS) Dabur India Limited Tuesday reported a 17.62 percent increase in its consolidated net profit to Rs.200.55 crore for the quarter ended March 31, 2013, from Rs.170.51 crore during the corresponding period previous year.

Apple lays groundwork for first-ever debt issue

April 30, 2013 at 11:48 AM

Sydney, Apr. 30 (ANI): Apple has moved towards its first-ever debt issue and is filing documents describing plans for bond sales, which would be used to pay dividends in an effort to stem its stock slide.

Now, charge your cellphones with puddle of water

April 30, 2013 at 10:28 AM

Washington, Apr 30 (ANI): Researchers in Sweden have developed a new technique where you can charge your devices anywhere without electricity, provided there is a water source nearby.

'Taxpayer should be seen as an important partner in generating revenue': Mukherjee

April 29, 2013 at 5:00 PM

New Delhi, Apr. 29 (ANI): President Pranab Mukherjee on Monday said the taxpayer should be seen as an important partner in generating revenue for all our national endeavours.

Sensex rises 100 points; HUL, Wipro surge

April 29, 2013 at 4:44 PM

Mumbai, April 29 (IANS) A benchmark index of the Indian equities markets rose 100 points Monday, led by a strong buying support in FMCG, consumer durables, realty and power stocks, ahead of the Reserve Bank of India's monetary policy review later this week.

Exide Q4 net rises 3 percent

April 29, 2013 at 4:36 PM

Kolkata, April 29 (IANS) Exide Industries, the country's biggest storage battery producing company, Monday reported a meagre 2.76 percent rise in its net profit to Rs.146.46 crore for the quarter ended March 31, 2013 compared to Rs.142.52 crore for the same period a year ago.

Hindustan Unilever profit rises 41 percent in 2012-13

April 29, 2013 at 3:24 PM

Mumbai, April 29 (IANS) Hindustan Unilever, India's largest manufacturer of consumer goods and household products, Monday said its net profit increased 41 percent to Rs.3,796.67 crore for the year ended March 31.

Sensex rangebound; power, realty, IT stocks rise

April 29, 2013 at 1:40 PM

Mumbai, April 29 (IANS) A benchmark index of the Indian equities markets witnessed choppy trading Monday, ahead of the Reserve Bank of India's monetary policy review later this week.

Government red flags over 250 suspicious banking transactions

April 29, 2013 at 9:56 AM

New Delhi, April 29 (ANI): The Finance Ministry has reportedly red-flagged over 250 suspicious banking transactions, most of them related to multi-level marketing schemes.

SEBI moves SC to restrain authorities from hearing pleas of Sahara Group

April 28, 2013 at 9:32 AM

New Delhi/Mumbai, April 28 (ANI): The Supreme Court of India (SC) is likely to hear a plea of the Securities and Exchange Board of India (SEBI) next week that seeks imposing a restraint order against all administrative, judicial and quasi-judicial authorities across the country from entertaining any plea made by the Sahara Group in connection with their failure to refund Rs.24, 000 crore to investors.

Be firm with those harming securities market's integrity, SC tells SEBI

April 27, 2013 at 10:20 PM

New Delhi, April 27 (IANS) The Securities and Exchange Board of India (SEBI) would be failing in its duty to promote healthy growth of the markets and protect its integrity if it was not stern in dealing with companies and directors indulging in abuse of the market and insider trading, the Supreme Court has said.

Biocon group net up 51 percent in fiscal 2013

April 26, 2013 at 7:16 PM

Bangalore, April 26 (IANS) India's biotechnology major Biocon Ltd posted consolidated net profit of Rs.509 crore for fiscal 2012-13, registering a whopping 51 percent year-on-year (YoY) growth over previous fiscal (2011-12) at Rs.338 crore.

Iron Man, Spider-Man to cheer Mumbai Indians!

April 26, 2013 at 7:00 PM

Mumbai, April 26 (IANS) Marvel super heroes Iron Man and Spider-Man will make a special appearance at the Wankhede Stadium here Saturday to cheer for Indian Premier League (IPL) team Mumbai Indians.

Hero MotoCorp's fourth quarter net profit down 5 percent

April 26, 2013 at 6:36 PM

New Delhi, April 26 (IANS) Two-wheeler major Hero MotoCorp Friday reported a 4.86 percent decline in net profit for the quarter ended March 31, 2013 which stood at Rs.574.23 crore.

Republican lawmaker says 'five jihadists reached their targets in U.S.' under Obama

April 26, 2013 at 2:44 PM

Washington, Apr. 26 (ANI): Republican Tom Cotton has expressed grave doubts about the Obama administration's counter-terrorism policies and programmes.

CPI-M demands immediate seizure of Saradha's assets

April 25, 2013 at 9:08 PM

Kolkata, April 25 (IANS) West Bengal's opposition CPI-M Thursday demanded immediate seizure of the assets of Saradha Group, which has gone bust, to return the depositors' hard-earned money.

Sensex rallies 227 points; interest sensitive stocks gain

April 25, 2013 at 6:44 PM

Mumbai, April 25 (IANS) A benchmark index of the Indian equities markets Thursday closed more than one percent up after interest-sensitive stocks like automobile, banks stocks rallied on expectation of an interest rate cut by central bank early next month.

Special task force to probe Saradha chit fund fraud

April 25, 2013 at 5:56 PM

New Delhi, April 25 (IANS) The corporate affairs ministry Thursday said it would to set up a special task force to investigate the chit fund scam related to Kolkata-based firm Saradha group.

Jet stocks rally a day after stake sale announcement

April 25, 2013 at 2:20 PM

Mumbai, April 25 (IANS) A day after Jet Airways announced its plans to off-load 24 percent stake to Abu Dhabi-based Etihad Airways for around $379 million (Rs.2,058 crore), its stocks rallied at the Bombay Stock Exchange (BSE).

Sensex trades nearly one percent up

April 25, 2013 at 1:24 PM

Mumbai, April 25 (IANS) A benchmark index of the Indian equities markets was trading nearly one percent up in the afternoon trade Thursday after interest sensitive stocks like automobile, banks stocks rallied.

Left sniffs conspiracy behind Saradha chief's letter to CBI

April 24, 2013 at 6:44 PM

Kolkata, April 24 (IANS) The Left Front Wednesday claimed Saradha Group chief Sudipta Sen's letter to the CBI indicting several high profile political leaders in the chit fund scam was a "fixing, aimed at protecting vested interests".

NSE gives in-principle approval to MobMEA's proposed IPO

April 24, 2013 at 3:32 PM

Kochi, April 24 (IANS) The proposed IPO of MobME Wireless Solutions Ltd., India's first telecom campus start-up, has received in-principle approval from the National Stock Exchange of India Ltd. (NSE), while leading credit rating agency CRISIL has assigned it a grading of 3/5.

Sensex down nearly half a percent

April 23, 2013 at 1:48 PM

Mumbai, April 23 (IANS) A benchmark index of the Indian equities markets was trading nearly half a percent down in the afternoon trade Tuesday after banks, capital goods and automobile stocks plummetted.

Sensex up 80 points; Coal India, HDFC Bank rise

April 22, 2013 at 12:20 PM

Mumbai, April 22 (IANS) A benchmark index of the Indian equities markets advanced 80 points Monday, on the back of good buying support in banking, consumer durables and capital goods stocks.

CPI-M for central intervention, CBI probe in chit fund muddle

April 21, 2013 at 11:08 PM

Kolkata, April 21 (IANS) Communist Party of India-Marxist (CPI-M) leader Asim Dasgupta Sunday urged the central government to step in and launch a probe by the Central Bureau of Investigation (CBI) into the collapse of chit fund-funded company Saradha Group.

At 56 deaths a month, Vidarbha screams for intervention

April 21, 2013 at 5:17 PM

Mumbai, April 21 (IANS) Maharashtra's Vidarbha region has seen 168 farmer suicides in the first three months of this year.

Important bills listed for budget session-II (With UPA on edge; SP, BSP role crucial in parliament

April 21, 2013 at 5:08 PM

* The National Food Security Bill gives the right to food to around 67 percent of India's 1.2 billion population. It provides five kg grain per person per month - rice @ Rs.3 per kg, wheat @ Rs.2 per kg and coarse grains @ Re.1 per kg. The bill will add Rs.20,000 crore to the current Rs.1 lakh crore food subsidy.

Congress demands probe into Sharda Group chit fund case

April 20, 2013 at 8:04 PM

Kolkata, April 20 (IANS) The opposition Congress Saturday accused West Bengal's ruling Trinamool Congress government of having close links with chit fund-funded Saradha Group, which has gone bust, and demanded probe by the CBI and capital market regulator SEBI.

Fitch downgrades British credit ratings to AA+, outlook stable

April 20, 2013 at 9:24 AM

London, Apr 20 (Xinhua-ANI): Fitch Ratings, an international credit rating agency, Friday joined with Moody's in downgrading Britain's triple-A ratings, warning the 2.43-trillion-U.S. dollars economy's sluggish growth and burdensome fiscal austerity plan.The move came shortly after the trading close of London Stock Exchange, of which benchmark index edged up 0.69 percent and snapped a five consecutive day down.

US economy improving but Europe volatile: Premji

April 19, 2013 at 6:12 PM

Bangalore, April 19 (IANS) Amid global uncertainty and challenging environment, latest data shows improvement in the US economy while debt-ridden Europe remained volatile, Wipro chairman Azim Premji said Friday.

Wipro meets forecast but projects flat growth

April 19, 2013 at 12:44 PM

Bangalore, April 19 (IANS) Wipro Ltd. has met its revenue forecast for its global IT services in the fourth quarter (January-March) of the 2012-13 fiscal, but projected flat growth for the first quarter (April-June) of this fiscal (2013-14) in dollar terms, as the global environment continues to be challenging.

Sensex jumps 285 points; interest sensitive stocks rise

April 18, 2013 at 6:20 PM

Mumbai, April 18 (IANS) A benchmark index of the Indian equities markets rose more than one-and-half percent Thursday after a smart rally in interest-sensitive stocks like banks, capital goods and automobiles on hopes of an interest rate cut by the central bank early next month.

Sensex trades more than half a percent up

April 18, 2013 at 1:56 PM

Mumbai, April 18 (IANS) A benchmark index of the Indian equities markets was trading more than half a percent up Thursday after a smart rally by interest sensitive stocks like banks, capital goods and automobile on hopes of an interest rate cut by the central bank early next month.

Sensex closes in red; oil and gas, IT stocks plummet

April 17, 2013 at 5:48 PM

Mumbai, April 17 (IANS) A benchmark index of the Indian equities markets closed in red Wednesday, after a smart rally the previous day, as losses in oil and gas and information technology (IT) stocks offset gains in auto, bank and metal stocks.

Sensex trades flat; auto, realty stocks rise

April 17, 2013 at 2:12 PM

Mumbai, April 17 (IANS) A benchmark index of the Indian equities markets was trading almost flat Wednesday, after a smart rally in the previous day, as losses in oil and gas, IT and capital goods stocks offset gains in auto, FMCG and banking stocks.

American rogue trader admits role in $1bln Apple stock fraud

April 17, 2013 at 11:56 AM

London, Apr 17 (ANI): A securities trader in the US has pleaded guilty to fraud after he purchased one billion dollars of Apple stock without permission and brought down his company.

Sensex rallies 387 points on rate cut hopes

April 16, 2013 at 4:52 PM

Mumbai, April 16 (IANS) Benchmark indices of Indian stock markets surged more than two percent Tuesday, due to strong buying support in banking, auto and realty stocks on expectations of cut in interest rates as inflation eased to a three-year low.

Russian diamond firm to launch trade on Shanghai bourse

April 16, 2013 at 6:12 AM

Moscow, April 16 (IANS/RIA Novosti) Russia's largest diamond miner Alrosa has signed a letter of intent with the Shanghai Diamond Exchange to sell rough and polished diamonds at auctions held by the Chinese bourse.

US, China to hold strategic, economic dialogue in July

April 14, 2013 at 5:24 AM

Washington, April 14 (IANS) The fifth round of the US-China Strategic and Economic Dialogue will be held in Washington, D.C. during the week of July 8-12, the US Treasury Department announced Saturday.