Mumbai: India`s rupee hit a record low of 57.54 against the dollar on Monday, on growing demand for dollars among oil importers, while the greenback was also boosted by upbeat US jobs data. The partially convertible rupee hit its previous low of 57.32 against the dollar on June 28 last year. On Monday it fell [...]
Actress Manisha Koirala, who was recently diagnosed with ovarian cancer, underwent a successful surgery in New York Monday. “Manisha underwent a surgery on Monday at around 9 a.m. I got a message from her family members and they said it was a successful surgery,” Subroto Ghosh, Manisha’s manager, told IANS. “Manisha’s mother, father and her [...]
MUMBAI: Rising for the fourth day in a row, the rupee added 28 paise to Rs 55.21 against the US dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas. Forex dealers said dollar’s weakness against euro, which climbed to a seven-week high after [...]
MUMBAI: Housing Development Finance Corporation has sought to reactivate the market for fixed rate home loans with the launch of a new product where interest rates are fixed for 10 years. Under the new scheme, rates are 125 basis points lower than HDFC’s existing fixed rate loans. The new scheme — Trufixed interest rate home [...]
MUMBAI: The rupee fell by 34 paise to 55.99 against the US dollar in early trade at the Interbank Foreign Market on Thursday as the American currency gained against other currencies overseas. Forex dealers said besides strengthening of dollar overseas, rupee fell for the fourth straight session on increased demand for the American currency from importers [...]
NEW DELHI: Finance Minister P chidambaram is preparing to present a fresh plan on Fiscal Consolidation with ‘honesty’ and ‘credibility’ as its cornerstones, hoping to reassure anxious financial markets that the government is committed to getting its financial house in order even though there may be slippages this year. Into the third week in his third stint at the [...]
NEW DELHI: The Finance Ministery is working on a series of steps to revive investor sentiment and clear bottlenecks in key infrastructure projects, a top official in the ministry told ET on the condition of anonymity. The initiatives, a priority for new Finance Minster P chidambaram, include clearing bottlenecks in key sectors such as roads, power and [...]
State Bank of India (SBI) today reported a 137 per cent jump in net profit at Rs 3,752 crore for the first quarter ended June 30, 2012, though rising non-performing loans continue to be a cause of concern. The bank had a net profit of Rs 1,583 crore in the April-June quarter of 2011-12 fiscal. [...]
Mumbai: The rupee today appreciated by 32 paise to 55.10 against the US dollar in early trade on the Interbank Foreign Exchange, as the American unit weakened against euro overseas. Forex dealers said dollar selling by exporters and a higher opening in the equity market also supported the rupee. The rupee had lost 35 paise [...]
57-Year-Old Mukul Roy age was inducted as a cabinet minister just hours before a debate on the Indian Railway budget in the Lok Sabha. Trivedi was displeased with the decision to increase passenger fares for the first time in last 8 years. “The new Railway Minister will have the challanging duty of carrying forward the [...]