Mumbai: The BSE benchmark Sensex ended in negative terrain for the fourth straight week as investors remained unimpressed by the Union Budget proposals which they thought were aimed at tax mopping and may add to inflation despite reduction of cash [...]
New Delhi: Finance Minister Pranab Mukherjee on Friday said the budget was aimed at giving boost to “growth with stability” and there was a “determined effort to regain the path of fiscal consolidation.” “This is a budget for growth with [...]
New Delhi: With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was today substantially hiked by more than 17 per cent to Rs 1,93,407 crore [...]
New Delhi: The Finance Minister has announced an agriculture credit target hike to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 cr. Highlights:Total plan outlay hiked by 18%. “Bringing Green Revolution [...]
New Delhi: Suggesting a rebound, the government has projected the economy to grow by about 7.6 per cent in the next fiscal, up from 6.9 per cent estimated in 2011-12 on the back of declining inflation and softening interest rate. [...]
New Delhi: Presenting a populist budget, Railway Minister Dinesh Trivedi on Wednesday announced marginal hike in passenger fares ranging from 2 paise per kilometre to 30 paise per kilometre in various categories of trains despite noting that Railways was passing [...]
New Delhi: Finance Minister Pranab Mukherjee on Friday welcomed the Reserve Bank’s decision to keep policy rates unchanged and expressed the hope that inflation would moderate in the coming weeks. “The need to improve the business sentiments and recover the [...]
New Delhi: The government today said the current fiscal may end with inflation of around 7 per cent, driven by moderation in demand side pressures and record foodgrain production this year. This is due to the demand side pressures moderating, [...]
Mumbai: The Indian rupee tanked by 56 paise to a historic low of Rs. 53.40 per U.S. dollar in early trade today due to persistent demand for the American currency from banks and importers on the back of a higher [...]
MUMBAI: The Indian rupee fell by 14 paise to Rs 52.17 per US dollar in early trade today, extending its slide for the fifth straight day as the dollar gained against other rivals overseas amid increased demand for the American [...]
New Delhi: After the furor over his statement on content monitoring on Internet, Telecom Minister Kapil Sibal today said the government has no intention of “interfering” with the social media, nor does its plan to evolve guidelines amounting to restriction [...]
Kolkata: The probability of a global recession is low, even though the U.S. is growing slowly and Europe is experiencing negative growth, RBI Governor D. Subbarao said today. “The probability of a global recession, I think, is low,” he said [...]
Mumbai: The Indian rupee plunged by 52 paise to Rs 52.27 per U.S. dollar in early trade on Friday, extending its slide for the fourth straight day amid appreciation of the American currency against the euro and other rivals overseas [...]
Mumbai: The benchmark BSE Sensex tumbled by over 334 points in opening trade today, extending yesterday’s losses on concerns over slowing industrial growth and a weakening trend in the rest of Asia amid renewed worries about the euro zone debt [...]
NEW DELHI: The government has decided to infuse equity of Rs 300 crore into National Small Industries Corporation (NSIC) in the next three years to provide marketing support to small-scale sector, Parliament was informed today. NSIC, a PSU under the [...]
Mumbai: The BSE benchmark Sensex plunged by almost 390 points to below the 16,500-mark at 1130 hours today on widespread selling by funds and retail investors, despite a sharp moderation in food inflation for the week ended November 26, amid [...]
NEW DELHI: The Reserve Bank is taking steps to deal with the sliding value of rupee against the US dollar, the Finance Ministry informed Parliament today. “Measures have been taken to augment the supply of foreign exchange, which includes liberalisation [...]
New Delhi: Terming the 6.9% economic growth in the second quarter as “lower than expectation”, the Prime Minister’s Economic Advisory Council today said that good performance by farm sector would take annual growth for FY12 to 7.5%. “The growth in [...]
Following were the wholesale prices (per 10kg) in the Bangalore Oil, Sugar and Commodities market today. Groundnut 700-1010 Coconut 1000-1330 Gingely 620-1260 Castor 1200-1250 Sunflower 740-780 Butter 2500-2750 Ghee 4400-5600. SUGAR PRICE: In Sugar market (per quintal) Rs 2850-2940. COMMODITIES: [...]
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