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Home -> Finance -> News

NATIONAL
Sensex misses 12k mark on profit selling at closing
The stock market benchmark Sensex advanced closer to the 12,000 points level on attractive corporate earnings, but ended way short of the milestone due to profit taking by investors.

Job reservation in pvt sector won't affect FDI flows
With the debate on reservation of jobs in private sector simmering, Commerce Minister Kamal Nath today (Apr 19, 2006) said having quotas in private jobs would not impact FDI flows into the country, which grew by over 40 per cent last fiscal to 7.5 billion dollars.

'Political forces do not influence monetary policy'
Brushing aside speculation that political considerations influenced monetary policy, Reserve Bank of India Governor Y V Reddy today (Apr 19, 2006) said financial market expectations were key to drafting the credit policy.

FDI inflow touches $7.5 bn in '06 up by 41.5 pc
Foreign Direct Investment into India increased to 7.5 billion dollars in 2005-06, up 41.5 per cent from the previous fiscal's 5.3 billion dollars.

Lakshmi Mittal's wealth goes up by 2.281 bn pounds
NRI steel tycoon Lakshmi Mittal's hostile bid to take over Luxembourg-based Arcelor may not have materialized so far but his effort has pushed up his fortune by 2.281 billion pounds since the bid, the Sunrise Rich List 2006 has revealed.

27 pc increase in Wipro's net profit in this fiscal
Software major Wipro today (Apr 19, 2006) reported a net profit of Rs 2,067 crore for the year endedMarch 31, 2006, a 27 per cent increase over the previous fiscal.

Sensex at new high at 11,951.18 pts on funds buying
Continuing with its bull-run, the benchmark index surged to hit new high of 11,951.18 points in first five minutes of trading on the Bombay Stock Exchange today (Apr 19, 2006) in reaction to the Reserve Bank's Market-friendly monetary policy announced yesterday (April 18, 2006).

INTERNATIONAL
Oil prices hold at 71 dollars in Asian trade today
Oil prices held at 71 dollars in Asian trade today (Apr 19, 2006) after hitting record highs overnight on rising fears of a US military strike against Iran over its nuclear program, dealers said.