Mumbai: India's foreign exchange (forex) reserves jumped by $2.03 billion to $277.38 billion for the week ended Sep 20, the biggest weekly gain in nearly two years, on the back of concessional swap facilities offered
Washington: As part of their effort to enhance defence engagements, India and the US have agreed to identify areas of cooperative and collaborative projects in advance defence technologies and systems in the next one year.Applauding
New York: Citing long-term opportunities in sectors like infrastructure and defence, Prime Minister Manmohan Singh today invited US companies to invest in India while asserting that concerns about the country's growth prospects and economic policy
Bhubaneswar: Aluminium giant NALCO has announced a total dividend payout of 25 per cent amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year.Announcing this after the annual
New Delhi: Gold and silver prices tumbled in the national capital today on sluggish demand and a weak global trend.While gold prices declined by Rs 340 to Rs 30,200 per ten gram, silver dropped by
Mumbai: The rupee dropped from a one-week high to end 44 paise lower at 62.51 against the dollar today ahead of the current account deficit data release on Monday.The decline was limited by a sluggish
New Delhi: Barclays has lowered India's FY14 GDP forecast to 4.7 per cent, saying the growth and fiscal health of the country were likely to remain under pressure, with 2014 election dynamics adding to uncertainties.India's
Frankfurt: Reserve Bank of India governor Raghuram G Rajan has been awarded the fifth Deutsche Bank Prize for Financial Economics 2013, in recognition of his ground-breaking research work which influenced financial and macro-economic policies around
Mumbai: The Reserve Bank today said the foreign institutional investors (FIIs) investment in Multi Commodity Exchange has reached the trigger limit under portfolio investment scheme and purchase of further equity shares of company will require
New Delhi: The controversial GAAR provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016, a government notification said.The provision of General
New Delhi: Indirect tax collections grew at 4.1 per cent in the April-August period of this fiscal, a finance ministry official said.Total collection of indirect taxes - excise, customs and service tax - stood at
New Delhi: With the auditors withdrawing their audit report on crisis-hit NSEL's promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the stakeholders concerned.“There
Chennai: The government has lined up investments of about Rs 25,000 crore toward laying of optic- fibre cables to provide broadband connectivity right up to village level by 2015, a top DoT official said today.
Bangalore: Oil Minister M Veerappa Moily said today retail petroleum prices would be cut but refrained from disclosing the extent of it and the timing.Asked if there would be relief for common man vis-à-vis petroleum
New Delhi: Crisis-hit Kingfisher Airlines (KFA) is in talks with a foreign investor for potential stake sale, its Chairman Vijay Mallya said here on Tuesday.He, however, refused to divulge the investor's name.“I expect this to
Mumbai: Country's largest bank SBI today dismissed the concerns raised by Moody's while downgrading its debt rating, saying that the issues cited by the global credit ratings agency are "overblown and misplaced"."We had explained our
London: India's domestic air traffic is set to grow at the “fastest rate” of 10 per cent against the global average of about five per cent in the next two decades, triggering a demand for
Mumbai: Tata Group today said it had kept its budget carrier partner AirAsia in the loop on its forging a 51:49 joint venture with Singapore Airlines for a full service airline.“AirAsia was informed... made aware
Mumbai: Two international rating agencies - Moody's and Fitch - have downgraded debt ratings of India's top three public-sector banks - State Bank of India, Bank of Baroda and Punjab National Bank - citing worsening
New Delhi: The CCEA is likely to consider tomorrow two highways proposals in Maharashtra, entailing an expenditure of about Rs 2,500 crore."The Cabinet Committee on Economic Affairs (CCEA) in its meeting tomorrow is likely to
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