The BSE benchmark Sensex lost its initial gains and was down by 88 points during noon. The sensex which recovered by 35.41 points, in early trade lost all its gains and was trading at 20,136.Similarly Nifty was trading 35 points down and trading at 6,122 during noon trading....
Finance Minister P Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks.Addressing the Annual Day function of the Competition Commission of India in New Delhi yesterday, he said, bank mergers could lead to too-big-to-fail entities.
The rupee today strengthened by 16 paise to trade at 54.95 against the dollar at the Inter-bank Foreign Exchange on selling of the US currency by exporters.The rupee had lost 23 paise to close at five-month low of 55.11 a dollar yesterday due to sustained dollar demand from oil importers.<...
The BSE benchmark Sensex lost its initial gains and was down by 88 points during noon. The sensex which recovered by 35.41 points, in early trade lost all its gains and was trading at 20,136.Similarly Nifty was trading 35 points down and trading at 6,122 during noon trading....
Finance Minister P Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks.Addressing the Annual Day function of the Competition Commission of India in New Delhi yesterday, he said, bank mergers could lead to too-big-to-fail entities.
The rupee today strengthened by 16 paise to trade at 54.95 against the dollar at the Inter-bank Foreign Exchange on selling of the US currency by exporters.The rupee had lost 23 paise to close at five-month low of 55.11 a dollar yesterday due to sustained dollar demand from oil importers.<...
