New Delhi, July 23: A high-powered ministerial panel will meet on July 25 to consider making available natural gas to fuel starved power plants from sources other than Reliance Industries' KG-D6 fields.The Empowered Group of
Mumbai, July 23: The current account deficit (CAD) of the country is "peaking" but is likely to hover around 4 per cent level until 2015, says a Bank of America Merrill Lynch report."India's current account
New Delhi, July 23: The birth of the royal baby could add over 240 million pounds to the sluggish British economy as consumer spending gets a boost, analysts say.The growing interest throughout the world in
New Delhi, July 23: Describing as mistaken the media reports of him saying economic growth is "not adequate", Nobel laureate Amartya Sen said here on Monday that it was important to understand how growth happens."I
New Delhi, July 22: The Reserve Bank of India (RBI) has started scrutiny of nearly 3,000 companies which could be carrying out non-banking finance operations without requisite registration, in the wake of concerns about their
Mumbai, July 21: Japanese brokerage Nomura has revised downward the country's GDP forecast for this fiscal to 5 per cent from 5.6 earlier, saying the rupee fall and the lingering forex volatility leaves little room
New Delhi, July 21: Market regulator SEBI will conduct an auction tomorrow for the grant of investment limits to foreign investors in Government debt securities worth more than Rs 23,000 crore.At the auction to be
New Delhi, July 21: Indirect tax mop up grew at a slower pace of 4.7 per cent in the April-June quarter of current fiscal in India, mainly on account of decline in excise duty collection,
Chennai, July 21: DMK president M. Karunanidhi Saturday came down heavily on the centre's decision to hike foreign direct investment (FDI) limits in various sectors, and said it would result in serious consequences, especially in
Washington, July 20: Four key areas of economic cooperation, energy and climate, including their stalled civil nuclear deal, defence and regional cooperation will top US Vice President Joe Biden's agenda on his first trip to
New Delhi, July 19: Seeking to boost investor sentiments, Prime Minister Manmohan Singh today assured the industry that the government will further relax FDI norms and Reserve Bank will soon start granting bank licences.He expressed
New Delhi, July 18: Merger and acquisition activity in India witnessed a significant surge in the April-June period of the year taking the year-to-date tally to $10.9 billion through 130 transactions, says global deal tracking
New Delhi, July 18: Global financial services firm Macquarie on Thursday lowered India's growth forecast for this fiscal to 5.3 per cent from 6.2 per cent estimated earlier citing significant capital outflows and rupee depreciation.
New Delhi, July 17: The UPA's reforms bandwagon is rolling. Prime minister Manmohan Singh on Tuesday opened the foreign direct investment (FDI) gates in 13 sectors — a move that will hopefully prove to be
New Delhi, July 16: Finance Minister P. Chidambaram has said official amendments to the Direct Taxes Code (DTC) bill, which seeks to overhaul the over 50-year old income tax law, will be introduced towards the
New Delhi, July 16: Justifying RBI intervention to arrest rupee depreciation, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said there would be some "pain" due to the action in short term. "We have got
New Delhi, July 16: With plummeting rupee, Finance Minister P Chidambaram met Prime Minister Manmohan Singh and later held discussions with RBI Governor D Subbarao who said the central bank will look into latest inflation
New Delhi, July 16: The rupee on Tuesday gained a hefty 64 paise to 59.25 in early trade at the Interbank Foreign Exchange market on fresh dollar selling by exporters after the RBI announced a
New Delhi, July 15: Petrol price was on Sunday hiked by a steep Rs 1.55 a litre, the fourth increase in rates in six weeks, as falling rupee made oil imports costlier.Oil companies raised petrol
New Delhi, July 14: There is more concern among US businesses now about investing in India than was a few years ago though New Delhi was pursuing reforms, senior American leaders have said. The US
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