Mumbai: It's been a rough start for the June series as the Nifty shed 80 points to close below 4850 dragged down by rate sensitives, commodity, utilities and technology stocks. A slew of bad economic cues from across the globe didn't help Indian equities either. Reports of monsoon rains over India's mainland will be delayed by about four days also weighed on sentiment. China's official purchasing managers' index fell to...
09:46 AM, Jun 01, 2012
New Delhi: The proposed law to raise the age of consent for sex from 16 years to 18 will be "undemocratic" and a "backward" step, a Delhi court has said, adding that it will also give a "tool" to the police to harass teenagers. Additional Sessions Judge Virender Bhat said it while acquitting Sandeep Paswan a native of Uttar Pradesh, charged with kidnapping and raping a minor girl, who had...
11:42 PM, May 31, 2012
Mumbai: After being down in the dumps for the better part of day, Indian equities staged a smart late trade recovery on hopes of a RBI rate cut to revive the sagging economy. Also, gains in European shares aided the recovery. The country's economic growth slumped in the January-March quarter to a nine-year low of 5.3 per cent as the manufacturing sector contracted and a fall in the rupee to...
09:41 AM, May 31, 2012
Mumbai: The Indian market ended Wednesday' trade on a pessimist note as traders chose to sit on the sidelines ahead of the F&O expiry and Q4 GDP numbers slated for a release on Thursday. European markets slipped too after euro fell to its record low in 23 months as investors worried over Spain's banking problems. After more credit ratings downgrades of Spain and news of European Central bank rejecting Spains...
09:39 AM, May 30, 2012
Kaziranga National Park: The Kaziranga National Park in Assam has come up with some fresh ideas to save its tigers. There are about 81 to 131 of them there. CNN-IBN's Arijit Sen travelled inside the park to learn about the technology that has been put to use to spot the big cats. Kaziranga National Park Director SK Bora said, "The habitat we are trying to protect appears to be quite...
09:27 AM, May 29, 2012
Mumbai: It was a dull session for the markets as investors chose to remain cautious ahead of the upcoming F&O expiry and Q4 GDP data numbers on Thursday. The Sensex shuts shop at 16438.58 up 21.74 points or 0.13 per cent and the Nifty closed at 4990.10 up 4.45 points or 0.09 per cent. The breadth of the market was positive. About 1425 shares advanced, 1255 shares declined, and 743...
09:13 AM, May 29, 2012
Moody's Investors Service says the depreciating rupee will only have a 'limited' impact on India's sovereign ratings, as only 7 per cent of total government debt is placed overseas, comprising 5 per cent of gross domestic product. The bigger pain would come in the private sector, Moody's said in a weekly credit report out on Monday, given that a falling rupee will raise the cost of paying back foreign currency...
04:15 PM, May 28, 2012
A young woman in her early twenties, sat across me in my office a while ago telling me she had no will to go on. ...
03:42 PM, May 28, 2012
Mumbai: The BSE Sensex rose 1.33 per cent on Monday as an improved global risk sentiment spurred buying in financial stocks such as top lender State Bank of India and recently dented blue chips stocks. SBI rose 4.8 per cent; ICICI Bank added 2.6 per cent, while Reliance Industries ended up 1.42 per cent. The broader 50-share NSE index also gained 1.33 per cent at 4,985.65. All BSE sectoral indices...
09:04 AM, May 28, 2012
Mumbai: The BSE Sensex and NSE Nifty closed flat on Friday after a sharply rally the day before on hopes of diesel price hike. Recovery in rupee and strength in European markets helped markets recoup losses in second half of trade. The BSE benchmark fell 4.48 points, to close at 16,217.82 after a swing of 155 points between intraday high and low. Shares of SBI, L&T, and metal stocks helped...
09:41 AM, May 25, 2012
New Delhi: A helpline to counsel students before and after the Central Board of Secondary Education (CBSE) Class 12 results will be launched on Thursday, an NGO's representative said. Available from May 24 to June 2, 'Hopeline 2012', being offered by NGO Snehi would provide free of cost confidential counselling to students who have results-related anxiety and stress. It will also provide career guidance. The helpline number -- 011-65978181 would...
10:54 AM, May 24, 2012
Mumbai: The BSE Sensex and NSE Nifty advanced around 1 per cent as the steep hike in petrol prices raised hopes that diesel and LPG prices will also be increased. A government committee headed by Finance Minister Pranab Mukherjee will meet on Friday to discuss raising diesel, liquefied petroleum gas (LPG) and kerosene prices, a finance ministry official said on Thursday. Goldman Sachs says it expects limited hikes of about...
09:36 AM, May 24, 2012
Politicians and bureaucrats are spending lakhs on their foreign travel. Are Indians ready for austerity? ...
11:40 PM, May 23, 2012
New Delhi: The Central Bureau of Investigation (CBI) has arrested two pilots for allegedly facilitating cheating in the Commercial Pilot License Exam held earlier in March this year. While one arrested pilot belongs to Alliance Air, the other works with a Gurgaon-based private airlines. The investigations conducted so far reveal that the question paper was allegedly taken out of DGCA's Chief Examination Officer's office and then passed on to the...
12:35 PM, May 23, 2012
Mumbai: The BSE Sensex and NSE Nifty recouped more than half of losses in second half of trade to close 0.5 per cent lower on Wednesday, even after the Indian rupee fell over 1 per cent to hit a record low of 56.18 to the dollar and more than 2 per cent decline in European markets. Recovery in later part of the session may be on hopes that the government...
09:27 AM, May 23, 2012
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