Business

January 23, 2014 9:23 PM

India can touch 8 % growth rate if avoid past mistakes: Chidambaram<br/>

Finance Minister P Chidambaram on Thursday said India would certainly return to 8 per cent growth rate if past mistakes are not repeated.Speaking at the World Economic Forum Annual Meeting at Davos, Chidambaram asserted that reform measures and fast-tracking of the decision making process have stabi...

January 23, 2014 7:36 PM

Banks likely to see improvement in NPAs in next FY

Financial Services Secretary Rajiv Takru on Thursday said that banks are likely to see some improvement in their Non Performing Assets in the next financial year.Speaking to reporters in Mumbai, Takru said the Cabinet Committee on Investment has cleared 60-70 stalled projects in the last three to si...

January 23, 2014 5:17 PM

Sensex hits record high on 2nd day; up 36 pts

Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange gained 36 points, to a fresh record closing high of 21,374 on Thursday.The Nifty at the National Stock Exchange climbed 7 points, to 6,346.

January 23, 2014 5:10 PM

21st Conference of Central and Sates Statistical Organisation begins

The 21st Conference of Central and Sates Statistical Organisation started on Thursday in Panaji.The conference was inaugurated by S. Jeyalakshmi, Director General, Central Statistics Organisation.In her address to the participants, Jeyalakshmi, focused on the importance of statistical data and said ...

January 23, 2014 5:08 PM

Govt works to meet Rs. 40, 000 cr disinvestment target: MoS

Minister of State for Finance J D Seelam said that the government is working towards meeting Rs. 40, 000 crore disinvestment target it had set in the current fiscal.The government has so far garnered only about Rs. 3,000 crore from PSU stake sale proceeds.Speaking on the sidelines of the ASSOCHAM su...

January 23, 2014 4:51 PM

Jet Airways joins other airlines in offering low fares

Jet Airways today joined other airlines in offering low fares on a limited basis, announcing a 30-day advance purchase scheme on domestic flights of its no-frills subsidiary Jet Konnect.With the peak travel season coming to an end, Indian carriers, including Air India, have triggered a fare war offe...

January 23, 2014 1:18 PM

Uganda-India trade ties will not be affected by Delhi incident: Uganda MoS Trade

Uganda says, the recent incident in Delhi involving an alleged face-off between Aam Aadmi Party and Ugandan nationals will not affect the trade ties between India and the African nation. Ugandan Minister of State for Industry and Technology James Mutende said, business people are not affected becaus...

January 23, 2014 12:02 PM

Finance Minister expects 5% growth during current fiscal

Finance Minister P Chidambaram has assured global investors that India is prepared to face the impact of US Fed tapering. He also said that the country is poised to clock 5 per cent growth in the current fiscal and over 6 per cent a year after. Addressing the World Economic Forum meeting in Davos ye...

January 23, 2014 10:47 AM

Rupee loses 17 paise to quote at 61.98 vs Dollar

The rupee fell by 17 paise to 61.98 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased demand for the American currency from oil importers. The rupee had gained 7 paise at 61.81 against the US dollar on increased selling of the American currency by expor...

January 23, 2014 9:06 AM

HDFC registers jump in quarterly net profit

Housing finance major, HDFC on Wednesday, reported a 13.4 per cent year-on-year jump in its quarterly net profit, at 1,935 crore rupees. Total income of the company increased to 10,053 crore rupees during the third quarter, from 8,873 crores in the corresponding period a year ago. On a standalone ba...

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