Mumbai: The rupee ruled firm for the third consecutive day and moved up 34 paise to 61.41 against the dollar today, the highest level in more than five weeks, on sales of the US currency
New Delhi: The follow-on-public offer (FPO) of Power Grid Corporation was subscribed 4.77 times on the third day of offer Thursday with institutional buyers lapping up the shares.For the 78.70 crore shares offered for sale,
Bali: Dismissing the suggestion that India was insisting on food security because of the ensuing general elections at home, Commerce and Industry Minister Anand Sharma on Thursday said New Delhi was only pursing an old
New York: India has been ranked 98th in the Forbes list of world's best countries for doing business that has cited poverty, corruption and discrimination against girls among the challenges facing the country.According to the
New Delhi: Unfazed by threats of closure of Nokia's Chennai plant, a top Finance Ministry official today asserted that the Finnish company, which is being acquired by Microsoft, will have to clear a total tax
Mumbai: Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, today told investigators that he was making “relentless” efforts to recover money from defaulters.“Shah showed up
New Delhi: Finance Minister P Chidambaram today said a branch of Bharatiya Mahila Bank, the country's first all-woman bank, would be set up in every state by the end of this fiscal.“I assure you in
Mumbai: Specialised small businesses lender Sidbi today said the Reserve Bank's special Rs 5,000-crore refinance grant will cumulatively help in the flow of up to Rs 20,000 crore to the cash-starved micro, small and medium
Bangalore/Hyderabad: Finance Minister P today said service tax amnesty scheme VCES is a lifetime opportunity as such offers are unlikely to come again in the next 20 years, even as he warned that evaders would
Dubai: Smart grid infrastructure investment by 45 emerging nations - including India and China - over the next decade will reach $274.9 billion, outpacing developed countries, according to a new study. This investment will be
New Delhi: After falling for five months in a row, India's gems and jewellery exports rose by 21.8 per cent year-on-year in October to $3.37 billion boosted by rising demand from western markets ahead of
New Delhi: The services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, an HSBC survey said. The HSBC/Markit Purchasing Managers Index for the
Mumbai: Pick-up in exports and decline in gold imports are likely to keep the country's Current Account Deficit lower during the rest of the fiscal as compared to the same period last year, a report
Mumbai: Prices of pulses are expected to remain low in the next few months following good monsoons, high acreage, lower hikes in minimum support price and moderate demand, according to a report by rating agency
New Delhi: Foreign Direct Investment into the country declined by about 38 per cent, year-on-year, to USD 2.91 billion in September, according to the Department of Industrial Policy and Promotion.In September 2012, the country had
Mumbai: National Commodity & Derivatives Exchange Limited (NCDEX) today said it is seeing greater traction in its recently launched crude palm oil contract."We are seeing greater traction in our recently launched crude palm oil contract.
Mumbai: With fiscal deficit widening to 84.4 per cent of the budgeted target in the first seven months and the revenue collection falling way below the target, the government will have to undertake more austerity
Mumbai: The Reserve Bank today issued draft guidelines permitting banks to enter the insurance broking business with a strong set of riders such as mandatory disclosure of remuneration received from insurers and having dedicated staff
Bhubanewar: Amidst pandemonium by opposition Congress MLAs, Finance Minister Prasanna Acharya today presented the supplementary budget of Rs 7,144.58 crore with provision of more than Rs 2,000 crore for restoration and rehabilitation of the cyclone
New Delhi: India's sugar output declined by 67 per cent to 8 lakh tonnes in the first two months of 2013-14 marketing year as a large number of mills, mainly in Uttar Pradesh, have not
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