The Sensex at the Bombay Stock Exchange gained 35 points, or 0.2 percent, to 20,259 in opening trade, this morning, on selective buying by funds and retail investors.But later the Sensex turned volatile, and after swinging between gains and losses, stood 74 points, or 0.4 per cent in posit...
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.<...
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.