Business

September 16, 2014 11:47 AM

Rupee up 11 paise at 61.02 against dollar

The rupee recovered from over one-month low by rising 11 paise to 61 rupees, 2 paise against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the American currency by exporters and banks. Forex dealers said besides fresh selling of the American currency by expor...

September 16, 2014 8:33 AM

Export growth slips to 2.35% in Aug; WPI Inflation dips to 5-yr low of 3.74%

India's export growth slipped to 2.35 percent at 26.95 billion dollars in August, pushing up trade deficit to 10.83 billion dollars. Gold imports jumped to 2.03 billion dollars in August compared to 738.7 million dollars in the same month last year. According to the Ministry of Commerce and...

September 15, 2014 10:03 PM

Aug Trade deficit dips to 10.83 billion dollars

Trade deficit for the month of August 2014-15 has dipped to 10.83 billion dollars against the previous month of 12.23 billion dollars.Ministry of commerce today released a data showing that during the period from April to August 2014-15 the trade deficit stood at 56.15 billion dollars against 70.60 ...

September 15, 2014 9:40 PM

Time to deregulates diesel prices: RBI Governor

Reserve Bank of India Governor Raghuram Rajan has said that it is time the government deregulates diesel prices in the wake of falling global crude oil prices. Rajan also said that it is not just food prices that are persistently high, but even those of other items that remain high. He said prices a...

September 15, 2014 9:34 PM

WPI declines to 5-year low of 3.74%

Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.According to the data released by Ministry of Commerce and Industry, inflation was at 5.19 per cent in July and 6.99 per cent in August 2013. Inflation i...

September 15, 2014 7:07 PM

Aug Trade deficit dips to 10.83 billion dollars

Trade deficit for the month of August 2014-15 has dipped to10.83 billion dollars against the previous month of 12.23 billion dollars.Ministry of commerce today released a data showing that during the period from April to August 2014-15 the trade deficit stood at 56.15 billion dollars against 70.60 b...

September 15, 2014 6:24 PM

India's export growth slips to 2.35 % at 26.95 billion dollars in Aug

India's export growth slipped to 2.35 percent at 26.95 billion dollars in August, pushing up trade deficit to 10.83 billion dollars. Gold imports jumped to 2.03 billion dollars in August compared to 738.7 million dollars in the same month last year. According to the Ministry of Commerce and...

September 15, 2014 5:40 PM

Jan Dhan Scheme: RBI Governor warns banks running for numbers

Reserve Bank of India, RBI Governor, Raghuram Rajan today cautioned banks on the risks involved in just hunting for numbers under the Jan Dhan scheme. He asked them not to compromise on the core objectives of the programme.Addressing the annual industry conference organised by FICCI, Rajan said that...

September 15, 2014 5:31 PM

August WPI Inflation shrinks to five-year low of 3.74%

Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low.According to the data released by Ministry of Commerce and Industry, inflation was at 5.19 per cent in July and 6.99 per cent in August 2013. Inflation i...

September 15, 2014 5:23 PM

Brent crude falls 2 year low as China industry output slows

Brent crude declined to its lowest intra-day level in more than two years as China's industrial output expanded at the weakest pace since the global financial crisis. Brent for October settlement, fell 90 cents to 96.21 dollars a barrel, the lowest since July 2012, on the London-based ICE F...

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