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February 5, 2014 8:47 AM
Teleom companies put in bids worth a total of about 45,000 crore rupees on the second day of the auction today, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.Telecom Minister Kapil Sibal told reporters in New Delhi after closing of bidding rounds on day 2 that t...
February 5, 2014 8:45 AM
President Pranab Mukherjee has said that global food production has to be increased on a war footing mode as one billion people are still living in poverty, mostly in Asia and Africa. Inaugurating the Asia-Africa Agri Business Forum, organised by industry body FICCI, the President said, to keep pace...
February 4, 2014 8:02 PM
The Reserve Bank today liberalised the third party payment norms for import of goods by removing the ceiling of 100,000 dollars.Earlier, the amount of an import transaction for third party payment should not have exceed 100,000 dollars.The central bank also simplified certain documentation norms rel...
February 4, 2014 5:37 PM
In the United States, Janet Yellen has been sworn in as Chair of the US Central Bank, the Federal Reserve. At the same time Wall Street closed at its lowest level since last June. Her appointment comes at a time when the US economy appears to be improving. She had already taken up her functions sinc...
February 4, 2014 5:28 PM
Extending it gains for the third straight day, gold jumped 300 rupees, to 30,700 rupees per ten grams at Delhi's bullion market, today, on sustained buying by stockists for the ongoing marriage season, amid a firm global trend. Silver climbed 590 rupees, to 44,200 rupees per kilo. Silver co...
February 4, 2014 5:28 PM
Brent crude oil futures edged below 106 dollars a barrel, today, weighed down by concerns that weak data from the United States and China could slow global growth, though a spate of supply problems offered some support. So Brent fell 11 cents, to 105.93 dollars a barrel, after two sessions of losses...
February 4, 2014 11:57 AM
Bangladesh Commerce Minister Tofail Ahmed has urged global buyers and retailers to increase pay-rates for sourcing readymade garments from Bangladesh, to help the garment sector expedite compliance of workers' safety norms as per International Labour Organisation's standards.He sai...
February 4, 2014 8:47 AM
The Reserve Bank of India has raised the Foreign Institutional Investors, FIIs investment limit in the Power Grid Corporation to 30 per cent of its paid up capital. In a press release yesterday, the RBI said that FIIs, through the primary market and stock exchanges, can now purchase up to 30 per cen...
February 4, 2014 8:45 AM
Finance Minister P Chidambaram has indicated that the government may tinker with the excise duties and service tax rates in the interim budget in an apparent bid to boost economy. He, however, said that the government cannot propose amendments to the Income Tax Act, Customs Act or the Excise Act. Bu...
February 3, 2014 9:44 PM
Government has indicated that it may not pursue key reforms legislations due to lack of political consensus. Addressing a press conference in New Delhi, Finance Minister P Chidambaram on Monday said his vote-on-account budget to be presented in the Lok Sabha on 17th of this month.He said the forthco...
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