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Rupee falls below 55 level against dollar; down by 12 paise Rupee falls below 55 level against dollar; down by 12 paise The rupee opened weak at 55.06 per dollar as against the previous closing level of 54.88 at the Interbank Foreign Exchange (Forex) market.
Sensex gains 138 points in early trade Sensex gains 138 points in early trade The wide-based National Stock Exchange index Nifty rose by 30.65 points, or 0.50 percent, to trade above 6,200-level at 6,217.95.
Local search engine Just Dial's Rs 950-cr IPO opens tomorrow Local search engine Just Dial's Rs 950-cr IPO opens tomorrow The estimated Rs 950-crore IPO of local search engine Just Dial will begin on Monday and is one of the largest initial public offers by an Indian Internet company.
Cooperative banks should be kept away from political pressure: SC Cooperative banks should be kept away from political pressure: SC The Supreme Court has passed a slew of directions to give more power to Cooperative Banks' Board and to reduce political interference in its functioning, holding that their Registrar should be subjected to disciplinary proceedings if he acts under political influence.
Fin Min implements amnesty scheme for service tax defaulters Fin Min implements amnesty scheme for service tax defaulters Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges.
Fraudulent investment schemes: IMG to meet on May 23 Fraudulent investment schemes: IMG to meet on May 23 The IMG, headed by Department of Financial Services' Additional Secretary, will meet on May 23, a Finance Ministry official said.
MFs invest Rs 4.74 lakh cr in FY'13, highest in 12 years MFs invest Rs 4.74 lakh cr in FY'13, highest in 12 years Mutual funds pumped Rs 4.74 lakh crore into the debt market in 2012-13, making it their biggest investment in the last 12 years.
Cobrapost: NABARD chief gives clean chit to co-operative banks Cobrapost: NABARD chief gives clean chit to co-operative banks Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.
FIIs invest Rs 12,000 cr in stock market FIIs invest Rs 12,000 cr in stock market Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month.
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