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Rupee hits 6-month low at 55.41 vs dollar Rupee hits 6-month low at 55.41 vs dollar The rupee on Tuesday hit nearly a six- month low of 55.41 by losing a staggering 30 paise, due to sustained dollar demand from importers and weak local equities, extending losses for the third straight session.
FIIs to pay only 5% withholding tax on interest income FIIs to pay only 5% withholding tax on interest income In a bid to attract greater FII participation in the debt market, the government today said foreign investors will pay only 5 percent withholding tax on interest earned from such investments till May 2015.
Sensex at 1-week low; slides 112 points as rate sensitive scrips fall Sensex at 1-week low; slides 112 points as rate sensitive scrips fall Similarly, the broad-based National Stock Exchange index, Nifty, declined by 42.80 points, or 0.70 percent, to 6,114.10.
Coal India shares jump over 2% post Q4 results Coal India shares jump over 2% post Q4 results At NSE, the scrip went up by 2.43 percent to Rs 308.65.
Rupee trims early gains, still up by five paise at 55.06 vs dollar Rupee trims early gains, still up by five paise at 55.06 vs dollar Rupee had lost 23 paise to close at five-month low of 55.11 a dollar yesterday.
Sensex fails to maintain initial momentum, down 24 points Sensex fails to maintain initial momentum, down 24 points Major losers were Tata Motors 2.20 pct, NTPC 1.92 pct, Maruti Suzuki 1.35 pct, M&M 1.15 percent and Sterlite 1.08 percent.
Chidambaram for merger of banks to create 2-3 global entities Chidambaram for merger of banks to create 2-3 global entities Finance Minister P Chidambaram Monday favoured mergers in the banking industry so that India can have two-three global sized banks.
BSE and NSE to move some scrips to restricted trading segment BSE and NSE to move some scrips to restricted trading segment Leading bourses BSE and NSE Monday identified stocks of some companies, including Birla Power Solutions, that will be shifted to the restricted trading category from May 24.
RBI says next series of IIBs could be linked to CPI, too RBI says next series of IIBs could be linked to CPI, too The Reserve Bank Monday said the soon-to-be-launched inflation index bonds could also be linked to consumer price index in the future.
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