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Ending one of the worst months in its history, the Sensex closed 743 points higher on account of short covering and positive Q2 earnings of some frontline companies.
The broader benchmark Nifty also rallied nearly 7 per cent to end at 2885 levels.
“ The markets markets have rallied almost 25 per cent from their lows and […]

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Leading PSU bank Punjab National Bank cut its prime lending rate by 50 bps, following a reduction in RBI’s repo rate. The move would be effective from December 1.

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The government on Friday approved the much-awaited comprehensive insurance bill, which seeks to raise foreign direct investment cap in private sector to 49 per cent from 26 per cent, and said it would be tabled in the Parliament in December.
“The Union Cabinet gave its approval for introduction of the Insurance (Amendment) Bill, 2008 for amendment […]

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New Delhi (PTI): Finance Minister P Chidambaram today said the decision to scrap export duty on certain iron and steel products was taken to ensure that their exports remain competitive in the wake of falling international prices.
“International prices have fallen. In order to ensure that value-added products continue to be exported, taking into account the […]

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New Delhi (PTI): In the backdrop of the Assam serial blasts and anti-north Indian violence in Maharashtra, Prime Minister Manmohan Singh today cautioned people against forces in the country whose politics, ideology and worldview were narrow and divisive.
“Our national integrity is of paramount concern. Unfortunately there are forces in the country today whose politics, ideology […]

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KOCHI: The IATA Agents Association of India will not be issuing tickets of 16 airlines
, including Air India, Jet Airways, Kingfisher and Air France from tomorrow in protest against the proposed move by airlines to stop paying commission to travel agencies for sale of tickets.

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New Delhi, October 31: : Undaunted by India’s mammoth first innings total, Australia’s obstinate top-order came up with useful contributions to keep themselves afloat in the third Cricket Test in New Delhi on Friday.Pushed to the brink in the potentially series-deciding tie, Australia’s otherwise incendiary phalanx of willow-wielders came up with a strong, if not […]

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New Delhi, October 31: : The anti-North Indian campaign by MNS chief Raj Thackeray came under severe attack at the union cabinet meeting on Thursday night with strong demands made for his arrest under National Security Act as also a judicial inquiry into the killing of two youth from Bihar and UP youth in the […]

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New Delhi, October 31: : Batting great Sunil Gavaskar flayed the one Test ban on Gautam Gambhir for elbowing Shane Watson and said it would upset the balance of the ongoing India-Australia Cricket series.
Gavaskar said Gambhir was guilty of misconduct but felt the one Test ban handed by Match Referee Chris Broad was too harsh, […]

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Mumbai, October 30: : Gautam Gambhir, India’s top scorer in the current series against Australia, was handed one-Test ban for elbowing all-rounder Shane Watson in the ongoing match which the player has decided to appeal.
The punishment, which will be appealed against despite Gambhir pleading guilty to the offence during the hearing, if not overturned, rules […]

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