Business

October 10, 2014 10:22 PM

Sensex nosedives 340 points

The Sensex at the Bombay Stock Exchange plunged 340 points, or 1.3 percent, to close at 26,297, on almost across-the-board selling. The Nifty at the National Stock Exchange fell 101 points, to 7,860.Stocks fell across the world, on growing concern about the global economy, after the IMF chief warned...

October 10, 2014 8:39 PM

Industrial production growth slows to 5-month low of 0.4% in August

Growth in the country's industrial production slowed to a five-month low of 0.4 per cent in August this year, mainly due contraction in manufacturing output and lower off-take of consumer goods. Factory output had also grown at 0.4 per cent in August last year. According to data released by...

October 10, 2014 9:36 AM

Govt to bring new public procurement policy for MSME by April next year

Government will come up with a new public procurement policy for micro, small and medium enterprises, MSME, by April next year. Addressing a Global SME Business Summit in New Delhi, MSME Minister Kalraj Mishra said, it will be mandatory for all Public sector units to procure at least 20 per cent of ...

October 10, 2014 9:33 AM

RBI permits remittances to PM relief fund through exchange houses

The Reserve Bank of India permitted remittances to Prime Minister's National Relief Fund through Exchange Houses on the condition such that the fund should be directly credited to the banks and the banks maintain full details of the remitters. The RBI in a notification issued in Mumbai furt...

October 9, 2014 10:01 PM

Sensex gains 390 points to close at 26,637

The Sensex at the Bombay Stock Exchange ended with a massive gain of 390 points at 26,637, today, on broad-based buying by investors. The Nifty at the National Stock Exchange spurted 118 points, to 7,961.Stocks rose across the globe, with the markets in China, Hong Kong and Singapore gaining between...

October 9, 2014 9:56 PM

Govt to bring new public procurement policy for MSME by April next year

Government will come up with a new public procurement policy for micro, small and medium enterprises, MSME, by April next year. Addressing a Global SME Business Summit in New Delhi today, MSME Minister Kalraj Mishra said, it will be mandatory for all Public sector units to procure at least 20 per ce...

October 9, 2014 9:55 PM

Govt to bring new public procurement policy for MSME by April next year

Government will come up with a new public procurement policy for micro, small and medium enterprises,MSME, by April next year. Addressing a Global SME Business Summit in New Delhi today, MSME Minister Kalraj Mishra said, it will be mandatory for all Public sector units to procure at least 20 per cen...

October 9, 2014 9:51 AM

RBI raises concern over high exposure of banks to infra, realty

Expressing concern over high exposure of banks to infrastructure and real estate sectors, RBI Deputy governor R Gandhi today cautioned lenders saying they cannot put all eggs into one basket.As an alternative, the deputy governor suggested looking at corporate bonds market, which is being encouraged...

October 9, 2014 9:48 AM

Finance Ministry allocates Rs 520 crore to NABARD

The Union Finance Ministry has allocated 520 crore rupees to NABARD to create warehousing infrastructure for agricultural commodities in West Bengal.Giving this information in Kolkata, the Chief General Manager of NABARD, Smt. T.S.Raji Gain said that after West Bengal, Madhya Pradesh has got 500 cro...

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