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Sensex sinks below 10,000
Lowest level in 2 years; Nifty sheds 5.9%; index heavyweights lose 5-10%. Mumbai, Oct. 17 The widely tracked 30-share Sensex on Friday plunged below the 10,000-level for the first time since July 2006, leaving market ...
Forex reserves fall $10 b on FII outflows
Mumbai, Oct. 17 The country’s foreign exchange reserves fell by around $10 billion, probably the biggest fall in a single ...
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All's well that ends w...
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Sensex @ 10K: up in 483 days, down in 193
Chennai, Oct. 17 Though the Bombay Stock Exchange’s benchmark index, Sensex, took 20 years to scale 10,000, the journey from 10K to 20K was undertaken in record time. It took 483 trading sessions for the benchmark to move from 10,000 ...
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How sectoral indices fared
Auto, IT and metal on losing team. Friday’s fall may have brought the Sensex below the 10k-mark, but not all sectors have chosen to follow the bellwether index in its ...
Satyam beats guidance; net profit rises 42%
Volume growth, Re dip drive profits; dollar revenue guidance trimmed. Hyderabad, Oct. 17 Satyam Computer Services Ltd’s net profit increased 42 per cent at Rs 581 crore in the September quarter beating its guidance, compared with Rs 410 ...
Ministry asks banks to allow cos to utilise sanctioned loan limits
New Delhi, Oct. 17 The Finance Ministry has advised public sector banks (PSBs) to allow borrowers/companies to utilise the sanctioned term loan and working capital limits. They have also been asked to assess on a priority basis all requests ...
Is it time to expect retail prices of petrol, diesel to fall?
Not if we go by domestic fuel pricing patterns, say oil cos. Chennai, Oct. 17 International crude oil prices are in a free fall. The Indian basket of crude oil, valued at $62.86 a barrel on Friday, is very close to the average price last seen in ...
Global financial crisis impacts coffee
Coffee prices, like other commodities, have been affected by the current financial turmoil, but it is expected to sustain almost at the current levels during the coming winter months as the demand is likely to outweigh the ...
Banks slow to use RBI facility for loans to MFs
Of Rs 20,000-cr special offer, only Rs 7,005 cr used. Kolkata, Oct. 17 Asset management companies have welcomed the Reserve Bank of India’s special facility extended to banks to lend to the mutual fund sector recently. They, however, say ...
MRTPC orders probe into Jet-Kingfisher alliance
Companies say initiatives will begin only after DGCA approval. New Delhi, Oct. 17 The high-profile alliance between Kingfisher Airlines and Jet Airways may have flown into some turbulence, with the Monopolies and Restrictive Trade Practices ...
Markets this week(Latest Audio:English/Tamil)
The Sensex bounced back on Monday on the back of positive global cues and heavy short covering as governments worldwide stepped up efforts to enhance liquidity in the financial ...
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