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ITC Q4 2013 net at Rs 1928 crores; beats estimates (17 May 01:44 pm)

Cigarette to hotel major, ITC has reported a net profit of Rs 1928 crores for Q4 2013, largely meeting expectations. Gross income has come in at Rs 11,635 crores, as against rs 9620 crores in the

OMCs likely to stop LPG supplies to multiple connections with no KYC details (17 May 01:31 pm)

The Oil marketing companies (OMCs) have taken rational step to stop the supplies of liquefied petroleum gas (LPG) cylinders from June 1 onward, to households having multiple-connections with no KYC

Cairn India rises nearly 2% on plan to spend $3 billion on oil exploration (17 May 01:31 pm)

Shares of oil and gas exploration and production firm Cairn India climbed nearly 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company announced to invest USD 3 billion (over

Mauritius says given information on 170 cases to India (17 May 12:59 pm)

Facing allegations of being a route for round-tripping of funds and money laundering by Indian entities, Mauritius says it is fully committed to remain a credible financial centre and there has been

Stimulus boosts Japan growth (17 May 12:06 pm)

Tokyo, May 17 (IANS/EFE) Japan grew at a 3.5 percent clip in the first quarter relative to the same period last year, as Prime Minister Shinzo Abe\'s ambitious program to combat deflation and

Gold rates in major Indian cities on May 17 (17 May 11:16 am)

Gold rates in Indian cities remained sluggish on May 17, dropping over the previous day\'s rate. Here are the gold rates in the major metros of India for 24 carat: Delhi: Rs. 26,350 per 10 grams

Investors see gold prices continuing to fall (17 May 10:45 am)

Investors are not too bullish on the price of gold rising, despite the recent drop. Credit Suisse Group AG conducted a poll on the price of gold and the response of the participants gleamed that the

JM stocks soars on Pandit stake, banking license hopes (17 May 10:02 am)

Shares in JM Financial soared by 15 per cent in trade today, following reports of a stake by former Citi boss Vikram Pandit picking a stake in the company. At its board meeting on Thursday, JM

Rupee down 21 paise against dollar in early trade (17 May 09:55 am)

The rupee today lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas. Increased demand for the dollar

Markets trade flat; cement stocks rally (17 May 09:45 am)

Markets were trading flat with a negative basis as investors chose to book profits after a sharp rally witnessed in the last few trading sessions. The Sensex was down 10 points, while the Nifty was

ICICI Bank fetches Rs 400 cr capital from Canadian subsidiary (17 May 09:30 am)

ICICI Bank has said its Canadian subsidiary has repatriated Canadian dollars 75 million (about Rs 400 crore) of capital back to the parent.In a statement, ICICI Bank said that the move is part of the

OBC slashes fixed deposit rates by up to 1% (17 May 09:30 am)

Oriental Bank of Commerce (OBC) has cut fixed deposit rates by up to 1 per cent on select maturities.The announcement follows the rate cut of 0.25 per cent undertaken by RBI earlier this month.In a

RBI can get hold of $9 bn more forex from the market: BofA-ML (17 May 09:30 am)

Bank of America Merrill Lynch (BofA-ML) said that the Reserve Bank, which had bought USD 840 million of forex in March, has enough space to buy USD 9 billion more from the market.In a note, Indranil

Market rally continues as high beta names gain (16 May 02:53 pm)

Indian markets rallied for the second successive day in a row with the benchmark indices closing at their highest levels since Jan 2011. The Sensex ended the day higher by 34 points, while the Nifty

CARE Rating surges over 8% on special dividend proposal (16 May 01:31 pm)

Shares of country\'s leading credit rating agency, Credit Analysis And Research Limited (CARE) jumped over 8 per cent in early trade on Bombay Stock Exchange (BSE) after it announced a special dividend

Demand for gold coins and bars in India surges 52%: WGC (16 May 12:11 pm)

Demand for gold coins and bars in India surged 52 per cent (year on year), in the first quarter of 2013, according to the World Gold Council. \"Demand for gold in China and India was also driven by an

Eurozone, EU economies contract (16 May 11:06 am)

Brussels, May 16 (IANS/EFE) The Eurozone\'s gross domestic product contracted 0.20 percent in the first quarter of this year, compared to the prior three-month period, while the European Union\'s GDP

Gold rates in major Indian cities on May 16 (16 May 10:55 am)

Gold rates in Indian cities remained sluggish on May 16, little changed over the previous days rates. Here are the gold rates in the major metros of India for 24 carat as Delhi: Rs. 26,900 per 10

Rupee up by 10 paise Vs dollar in early trade (16 May 10:15 am)

The rupee today rose by 10 paise to 54.68 against the dollar in early trade at the Interbank Foreign Exchange today on increased selling of the US currency by exporters and banks. Besides,

Interest rates on PPF, NSC, and other post office savings schemes (16 May 09:59 am)

Post office savings schemes are still considered one of the safest form of investments, since they are backed by the Government of India. Some of the schemes are also tax efficient, which is why they

Markets trade flat after Wednesday's sharp rally (16 May 09:33 am)

Markets were trading flat in early trade today on profit booking following a sharp rally on Wednesday on hopes of a rate cut by the RBI. The Sensex was trading 10 points higher at 20,221 points, while

Google stock hits new high, surpasses $900 a share (16 May 09:30 am)

Shares of Google surged to a new all-time high, breaching the USD 900 mark for the first time, as the Internet giant opened its developers\' conference.The rise gave Google a market value of more than

RBI relaxes ECB rules in housing, aviation sector (16 May 09:30 am)

Allowing companies the easy access to cheaper funds for key infrastructure sectors, the Reserve Bank of India (RBI) yesterday eased overseas borrowing norms.Speaking to the reporters, RBI\'s deputy

Subscribers of National Pension System earn returns of 14.19% in 2012-13 (16 May 09:30 am)

Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned returns of as much as 14.19 per cent during 2012-13.As per the official

Get Aadhar card by August this year to avoid losing LPG subsidy (16 May 09:30 am)

Domestic LPG customers in 20 districts will have to get their Aadhar card made and linked with the bank account by August this year to avail the subsidy on nine cylinders.The Petroleum Minister M