India among top FDI destinations despite economic slowdown: Sharma

900 Mhz and 1800 Mhz band auctions complete 53 rounds so far

The auction for 900 Mhz and 1800 Mhz bands has completed 53 rounds so far on the eight day of the bidding today. The two bands auction has already generated bids worth around 86 per cent of what the government got for 3G radiowaves in 2010. The present auction is the largest in terms of radiowaves o...

The Supreme Court today raised question on how Sahara transacted thousands of crores in cash with its sister firms for refunding 20,000 crore rupees to its investors.A bench of justices K S Radhakrishnan and J S Khehar asked market regulator SEBI to find out whether the Company Law and the RBI guide...

Country's Exports up 3.8% to $26.8 bn in Jan 2014

The country's Exports rose 3.8 per cent to 26.8 billion dollars in January this year.The Trade deficit declined to 9.9 billion dollars in January from 10.1 billion in December last year.

Oil prices remain above $100 a barrel in Asian trade

Oil prices remained above 100 US dollars a barrel in Asian trade today on stronger demand, but trading was subdued ahead of new Fed chief Janet Yellen's testimony to Congress.New York's main futures contract, West Texas Intermediate for March delivery, was down five cents to 100.01...

Two-day strike cripples banking services

Operations in public sector banks were hit as their employees started a two-day strike on Monday to press for a wage revision.Services such as cheque clearances and withdrawing and depositing of money in PSU bank's branches were affected across the country.However, ATMs provided some relief...

FCI's share in procurement comes down: Parl Panel

A Parliamentary Panel said the share of Food Corporation of India, FCI in procurement has been gradually coming down both in terms of percentage and quantity.In respect of wheat it declined from nearly 53 lakh tonnes in 2008-09 to around 40 lakh tonnes and respect of paddy (in terms of rice) from ov...

Finance Minister P Chidambaram has said the profit of banks cannot be used only to enhance salaries because there are other obligations.Speaking at the 78th foundation day of Indian Overseas Bank in New Delhi on Monday, Chidambaram asked to employees and officers of banks to recognise that banks pro...

SEBI finalising new corporate governance code, insider norms

The new corporate governance code would require all listed companies to justify their high executive salaries, put in place an orderly succession plan, adopt a whistle-blower policy for employees and limit the number of directorship a person can hold on company boards, besides various other measures...

CAD likely to decline to USD45 bn in FY'14: FinMin

The Current Account Deficit (CAD) is expected to fall by almost 50 percent to USD 45 billion in the current financial year following restrictions on gold imports and the narrowing of trade deficit."CAD will be between USD 40-45 billion and there will also be an accretion of USD 10 billion t...