Mumbai: Union HRD Minister Pallam Raju today said the country has the potential to become global hub to supply skilled manpower due to its huge demographic advantage.“We have the potential to become the worldwide hub
New Delhi: The recently revised India-Africa bilateral trade target of $90 billion by 2015 is modest and achievable, Commerce Minister Anand Sharma said here Tuesday.He was addressing the third meeting of India-Africa Trade Ministers in
Srinagar: Seeking to promote financial inclusion, Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and “bankable” as compared to large borrowers.“The poor of India are bankable,
New Delhi: Petrol price was on Monday cut by Rs 3.05 per litre, the first reduction in rates in over five months and the steepest in over five years, while diesel prices were raised by
Mumbai: The Economic Offence Wing of the Mumbai police today searched the offices and residences of promoters, directors and defaulting brokers of the crippled National Spot Exchange (NSEL) and filed an FIR against them in
Mumbai: Lotus Refineries today filed a claim suit worth Rs 2,773.29 crore against National Spot Exchange Limited (NSEL) in the Bombay High Court for goods lying in various warehouses of the troubled commodity exchange. “The
New Delhi: A SFIO probe into Saradha scam and ‘chit fund' operations of 62 other entities has found serious financial mismanagement and siphoning off the funds by their promoters, who took advantage of regulatory gaps.The
Mumbai: The rupee fell further by nine paise today to an almost one-week low of 62.60 against the dollar amid demand for the US currency from importers and weak equities ahead of data on key
New Delhi: Inflation is expected to soar further with freight tariff on all commodities, including foodgrains, cement, chemical manure, iron ore and coal, set to rise by 15 per cent from October 1.Railways have decided
NEW DELHI: Planning Commission is likely to cut the annual average economic growth rate target of 8 per cent for the 12th Plan (2012-17) to around 6 to 6.5 per cent in its mid-term review
NEW DELHI: Consumers durables manufacturers are upbeat of about having good festive sales despite RBI's ban of interest free installment saying purchase of products through such programmes account for a only a small part of
New Delhi: The government has set a target to auction at least six coal blocks to private firms by December. “The Coal Ministry has set an internal target to auction the coal blocks by December,”
New Delhi: Overseas investors have pumped in over Rs 13,000 crore ($2 billion) in the Indian stock market this month after new RBI Governor Raghuram Rajan's announced new measures to boost the weak rupee and
New Delhi: In a fresh twist to the NSEL payment crisis, regulators now suspect that large-scale money laundering might have taken place through the exchange and the funds involved in such activities could be much
New Delhi: The Disinvestment Department will embark on a three nation roadshow, including Singapore and Dubai, beginning next month to attract foreign investors for the 10 per cent disinvestment of IOC, estimated to fetch the
New Delhi: Indicating greater retail interest in IPOs, the average number of individual investors bidding for shares in a public offer has risen over three times to 1.17 lakh since various regulatory reforms came into
New Delhi: Oil Minister M Veerappa Moily today hinted at a reduction in price of petrol in next few days, the first cut in rates in over five months.The reduction in rates is likely to
New Delhi: Development financial institutions (DFIs) have lost their relevance in the present financial system in India and across the globe, RBI Deputy Governor K C Chakravarty said on Saturday."DFIs played an important role in
New York: Asserting that the fundamentals of the Indian economy are strong, Prime Minister Manmohan Singh has said GDP will improve in the second half of fiscal 2013—14 and that the government is commitment to
New Delhi: Congress Vice President Rahul Gandhi today met a small group of industrialists including RP-Sanjeev Goenka Group chairman Sanjiv Goenka and banker Shikha Sharma.Others who were part of the meeting include Bengal Ambuja Housing
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