Business

September 12, 2014 8:45 PM

Industrial Production growth slows 4 month low of 0.5 % in July

A fall in manufacturing output and lower off take of consumer durables pulled down the rate of industrial growth to a 4-month low of 0.5 per cent in July this year, from 2.6 per cent in July last year. According to data released by the Central Statistics Office, manufacturing output contracted 1 per...

September 12, 2014 8:27 PM

Retail inflation eases to 7.8% in August

Consumer Price Index based inflation, or retail inflation fell marginally to 7.8 per cent in August this year, from 7.96 per cent in July. Retail inflation had stood at 9.52 per cent in August last year. However, food inflation rose to 9.42 per cent in August, from 9.36 per cent in July, an official...

September 12, 2014 8:23 PM

Industrial growth slows to 4-month low of 0.5%

A fall in manufacturing output and lower off take of consumer durables pulled down the rate of industrial growth to a 4-month low of 0.5 per cent in July this year, from 2.6 per cent in July last year. According to data released by the Central Statistics Office, manufacturing output contracted 1 per...

September 12, 2014 8:36 AM

Global oil prices hit 2-year low on IEA demand cut<br/>

Global oil prices hit a two-year low today after the International Energy Agency cut its forecasts for world demand, with the market also weighed down by plentiful supplies, analysts said. In earlier London trade, Brent North Sea crude for October sank to USD 96.72 per barrel -- the lowest point sin...

September 11, 2014 9:32 PM

Govt launches RVC service for smooth transportation of perishable goods

Agriculture Minister Radha Mohan Singh today launched Reefer Vehicle Call-In Centre (RVC) for smooth transportation of perishable goods. The RVC will facilitate a database of bottlenecks experienced in transportation on the national highways. Launching the unique call-in- centre in New Delhi, the Mi...

September 11, 2014 9:30 PM

CVC seeks power to probe corruption charges against banks' CMDs, EDs

The Central Vigilance Commission, has sought powers to probe corruption charges against Chairman, Managing Directors, Executive Directors of public sector banks and insurance companies.CVC has asked the Finance Ministry to incorporate relevant provisions in the rules to allow it to conduct disciplin...

September 11, 2014 9:29 PM

Railways revenue earnings up by 12.53% during April-August 2014

Revenue earnings of railways has gone up by 12.53 per cent during first five months of this fiscal. The total approximate earnings during the period were about Rs 61,325 crore compared to 54,497 crore during the same period last year.The total approximate earnings from goods during the period were a...

September 11, 2014 8:57 PM

Sensex dips further; Goes down below 27 thousand mark

Falling for the third straight session, the Sensex at the Bombay Stock Exchange dropped 62 points, or 0.2 percent, to close below the 27,000-mark, at a nearly two-week low of 26,996, today. The Nifty at the National Stock Exchange fell 8 points, to 8,086. The rupee appreciated 2 paise, to 60.93 agai...

September 11, 2014 8:54 PM

SEBI finds BSE guilty of lapses in Rs 6,000 crore share sale of NMDC

Market regulator SEBI has found the Bombay Stock Exchange guilty of lapses while conducting 6,000 crore rupees share sale of NMDC. In his order issued from Mumbai today, SEBI&apos;s whole-time member Prashant Saran has censured the BSE for its conduct. The regulator has directed BSE to be carefu...

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