Business

February 12, 2014 5:52 PM

Gold drops Rs 50 to Rs 30,750 per ten grams in Delhi market

Gold dropped 50 rupees, to 30,750 rupees per ten grams at Delhi's bullion market, today, on profit-booking by stockists at existing higher levels, amid a weak global trend. Silver fell 190 rupees, to 44,940 rupees per kilo, on lack of buying support from industrial units and coin-makers. Si...

February 12, 2014 1:39 PM

New Companies Law aimed at ensuring transparency, accountability: Fin Min

Finance Minister P Chidambaram today said that regulators should intervene only in cases of gross violation by companies or when there are clear cases of criminality.Speaking at the Golden Jubilee celebrations of the Central Vigilance Commission, Mr Chidambaram said, the new Companies law is aimed a...

February 12, 2014 1:27 PM

Proposal to attract FDI to foster world-class rail infra: Kharge

Railways is targeting private investment in rail infrastructure. This was announced by Rail Minister Mallikarjun Kharge while presenting the interim Rail Budget in parliament today. He said large investment needs cannot be met entirely through budgetary support, internal resource mobilisation and ma...

February 12, 2014 9:37 AM

Demand for digital governance growing in India says report

Singapore has been named as the top country in terms of digital governance. It is followed by Norway and UAE. India figures at eighth rank in the list of 10 countries surveyed by Accenture, one of the software giants in the world. The digital governance refers to offering online portals to access pu...

February 12, 2014 9:31 AM

Demand for digital governanace growing in India: Software company report

Singapore has been named as the top country in terms of digital governance. It is followed by Norway and UAE. India figures at eighth rank in the list of 10 countries surveyed by Accenture, one of the software giants in the world. The digital governance refers to offering online portals to access pu...

February 12, 2014 8:56 AM

US House of Reps passes debt limit ceiling increase

The US House of Representatives has passed an increase in the government's debt limit, after the Republicans gave up on their attempt to win concessions from the Democrats in return. The House voted 221-201 to waive the debt limit for a year, with only 28 Republicans joining most of the Dem...

February 12, 2014 8:52 AM

Mukesh Ambani-led Reliance denies Delhi CM charges on gas pricing <br/>

Mukesh Ambani-led Reliance Industries has denied allegations made by Delhi Chief Minister Arvind Kejriwal regarding the pricing of gas. In a statement issued yesterday, the company said the direction of the Delhi government to order registration of an FIR in relation to the Union Cabinet&apos;s ...

February 12, 2014 8:22 AM

Govt-Vodafone talks on Rs 20,000cr tax dispute fail

Reconciliation talks between the government and telecom giant Vodafone have failed. The Finance Ministry has decided to withdraw its reconciliation proposal to sort out the 20,000 crore rupees tax dispute with the telecom operator and move ahead with the collection of dues. The Union Cabinet had in ...

February 11, 2014 9:17 PM

Exports grew by a meagre 3.79 per cent in January to 26.7 billion dollar but imports such as gold and silver, declined, narrowly. Director General of Foreign Trade Anup Pujari said export growth was in single digit because of a decline in outbound shipments of major products like gems and jewellery ...

February 11, 2014 8:29 PM

India, ADB sign loan agreement for improving rural roads in 5 States

India and Asian Development Bank (ADB) today signed a 275 million dollar loan agreement to improve rural roads in five States. They are Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal. The loan will construct 3,693 kilometers of all-weather rural roads in the states which will benefit n...

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