Ponzi menace: Govt considering new law to plug regulatory gaps

Finance minister P. Chidambaram says the govt is trying to reduce the regulatory gaps to maximum possible extent

New Delhi: Concerned over the rising menace of ponzi schemes, the government will bring in a new law to remove regulatory gaps in this regard, finance minister P. Chidambaram has said.

“We are considering a law to fill the regulatory gap... We are trying to see that people do not take advantage of

Rupee back at 59 level, gains 49 paise

BT Online Bureau Mumbai   Last Updated: July 11, 2013  | 00:18 IST

The rupee on Wednesday climbed 49 paise to 59.65 against the dollar, the most since June 28, after the RBI and Sebi took steps to curb volatility, while banks and exporters sold the US currency which weakened overseas.

Support came from foreign capital inflows into the equity market as overseas investors bought

Gold, silver down for third day on sluggish demand

New Delhi  July 8, 2013 Last Updated at 16:05 IST

Both the precious metals, gold and silver, fell for the third straight session in the national capital today owing to slackened demand at prevailing higher levels amid a weak global trend. 

While gold fell further by Rs 75 to Rs 26,550 per 10 grams and silver lost Rs 290 at Rs

BSE Sensex falls as rupee hits record low

The BSE Sensex fell on Monday led by lenders such as ICICI Bank as the rupee's slump to a record low sparked fears of continued foreign outflows and cemented expectations the Reserve Bank of India would avoid cutting interest rates in July.

MUMBAI | Mon Jul 8, 2013 6:31pm IST

The rupee fell to an all-time low of 61.21 as an emerging markets sell-off on worries of an early end to U.S. stimulus laid bare the vulnerability of a country dependant on capital inflows to fund its record current account deficit.

Investors are now gearing up for a new earnings season that begins next week when Infosys Ltd (INFY.NS)

Rupee depreciation may boost NRI investments in realty sector, say analysts

PTI    Mumbai   Last Updated: June 28, 2013  | 00:00 IST

Real estate consultancy firm Cushman & Wakefield has said a depreciation in the Indian rupee's value provides a psychological boost to both non-resident Indians (NRIs) as well as developers. 

AAI to issue Rs 1,000 crore tax-free bonds to develop airports

By PTI | 5 Jul, 2013, 05.28PM IST

NEW DELHI: Days after the government's move to construct 51 low-cost airports across the country, the Airport Authority of India (AAI) has decided to issue tax-free bonds worth Rs 1,000 crore in the current financial year.