The recently released RBI First Quarter Review of Monetary Policy 2009-10 and the accompanying 'Macroeconomic and Monetary Developments First quarter review 2009-10 have indicated that on the basis of Balance of Payments (BoP) the export growth for 08-09 has declined by over 22% to 5.4% and also the import growth has declined by over 21% during the same period.
Among the Sensex stocks, JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports and Special Economic Zone, Bharti Airtel, ITC and Tech Mahindra were the major gainers. Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance and Axis Bank were the laggards.
Months before his ouster, disgraced Chinese leader Bo Xilai suspected a plot to poison his second wife by his son by his first marriage, according to a media report.
China's disgraced Communist Party leader Bo Xilai, who was sacked over allegations of sex, sleaze and corruption, has been handed over to judicial authorities for the trial to commence.
The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said. The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday.
Unlike the new private sector lenders, BoR employees' wages are still governed by the industry wage package negotiated by the Indian Banks Association with bank staff unions.
Ahead of a generational leadership change in China's ruling Communist Party of China at its key Congress on November 8, the party on Friday expelled disgraced leader Bo Xilai and ordered his trial for shielding his wife's involvement in the murder of a British businessman.
The fate of ousted Chinese leader Bo Xilai's wife, who was accused of poisoning a British businessman to death, appeared sealed as four top police officers on Friday admitted covering up the murder a day after her trial ended.
An ex-police chief, who triggered a major political scandal in China by exposing the role of disgraced Communist Party of China leader Bo Xilai's wife in the murder of a Briton, stood trial for the second and final day on Tuesday, with prosecutors seeking a lighter sentence for him, saying he cooperated with investigators.
Purged Chinese Communist leader Bo Xilai could face criminal charges for blocking investigations into the death of British businessman Neil Heywood, as Whitehall mounted pressure on Beijing to probe the matter.
Reports of a factional feud in China's powerful ruling Communist Party over the purge of charismatic leader Bo Xilai, known for his radical Maoist views, have been discounted by the state-run media which said "stir" over his ouster will fade soon.
A group of veteran Communist Party of China (CPC) members have written to Hu asking for the sacking of leading politician Zhou Yongkang, who is the ninth member of the all powerful Standing Committee of politburo of the party, which rules the country, BBC reported.
ICICI Bank's move to amalgamate Bank of Rajasthan (BoR) with itself at a 1:4.72 ratio indicates the bank would pay a premium of 89.4 per cent to Bank of Rajasthan's closing stock price on Tuesday.
Satwiksairaj Rankireddy and Chirag Shetty hardly broke a sweat while defeating the Chinese pair of Chen Bo Yang and Liu Yi to win the Thailand Open men's doubles crown in Bangkok on Sunday.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said. Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market. "This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz.
Industry experts believe that this deal will positively impact the Indian film industry, which is struggling with fewer movie releases.
The 67-year-old former Goldman Sachs banker, who has been the chairman of the UK taxpayer-funded licence fee-backed British Broadcasting Corporation (BBC), said the investigation found he had breached the governance code for public appointments.
The boards of ICICI Bank and Bank of Rajasthan put their seal of approval on the share exchange formula arrived at last week, when India's largest private sector lender announced the move to amalgamate BoR with itself.
China's intriguing scandal relating to Bo Xilai took a new turn with revelations that Briton Neil Heywood murdered by the expelled Communist Party leader's wife was a spy working for British secret service - MI6.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
A Chinese forensic scientist has cast doubt on the official version of the death of a Briton, which triggered a huge political scandal, ending the career of senior Communist Party leader Bo Xilai, whose wife has been convicted of poisoning the UK businessman.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applications.
The politically sensitive murder trial of Gu Kailai, the wife of disgraced senior Chinese Communist Party leader Bo Xilai, for allegedly killing a British businessman, would begin from August 9.
The ex-police chief at the centre of China's biggest political scandal in years that rocked the ruling the Communist Party ahead of a key party meet to select new leadership has been charged with defection to the United States and abuse of power, the state-media reported on Wednesday.
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
Raashii gets candid...Kartik transforms...Kunal gives us Monday motivation...
Bank of Maharashtra's public issue of 10 crore (100 million) shares at Rs 23 per share has been oversubscribed by over 10 times.
Disgraced Chinese Communist Party leader Bo Xilai sprang a surprise on the first day of his high profile trial on Thursday by defiantly going back on his earlier testimony, calling a witness a "mad dog" and describing his wife's evidence against him as "laughable".
This is the fourth time in three decades that Aamir Khan and Akshay Kumar have had movie releases on the same day.
Senior Chinese Communist Party leader Zhang Dejiang, who replaced disgraced Bo Xilai as the party chief of Chongqing, was on Thursday elected as chairman of the country's Parliament.
'For those seeking regular income, these funds provide a steady stream of income through dividends.'
Among the 30 Sensex companies, Kotak Mahindra Bank, Asian Paints, Reliance Industries, ITC, Sun Pharma, ICICI Bank, Axis Bank and JSW Steel were the major laggards. Larsen & Toubro, Tata Motors, Maruti, NTPC, Mahindra & Mahindra and UltraTech Cement were among the gainers.
His agent Bo Gustavsson told Reuters he had passed away Monday morning.
The trial of disgraced Chinese leader Bo Xilai's wife Gu Kailai, who was charged with the murder of a British businessman, would test the credibility of Chinese judicial system, state-run media said in Beijing on Friday.
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
"The 46th meeting of the BoA on SEZs to consider proposals for setting up of SEZs and other miscellaneous requests is scheduled to be held on May 31," it said.
The promoters, instead, raised it to 63.15 per cent, while reporting they'd brought it down to 28.6 per cent.
