Business

January 20, 2014 10:56 AM

China's economy grows at slowest pace in 14 years in 2013<br/>

China&apos;s economy, the world&apos;s second-largest, grew at its slowest pace in 14 years in 2013, latest figures show. Its gross domestic product (GDP) expanded 7.7 percent from a year ago, the slowest pace of growth since 1999. The growth rate was better than the government&apos;s ta...

January 20, 2014 10:32 AM

Rupee falls by 12 paise to 61.66 vs dollar<br/>

The rupee fell by 12 paise to 61.66 against the dollar in early trade today at the Interbank Foreign Exchange market due to demand for the US currency from importers.Forex dealers said besides dollar&apos;s gains against other currencies overseas and a lower opening of the domestic equity market...

January 18, 2014 4:01 PM

Businesses created 8 million new jobs in US: Obama

US President Barack Obama has said that businesses have created over eight million new jobs in America due to his new economic policies in the aftermath of the collapse of the country&apos;s economy.&quot;Now what we&apos;re seeing is businesses having created more than 8 million new job...

January 18, 2014 4:00 PM

Govt extends NMP benefits to industry clusters

Seeking to boost manufacturing sector, Govt has extended the benefits of the National Manufacturing Policy (NMP) throughout the country wherever industry can organise itself into clusters and adopt a self regulatory model.Issuing the guidelines on Friday, the Department of Industrial Policy and Prom...

January 18, 2014 9:28 AM

India's foreign exchange reserves shot up

India&apos;s foreign exchange reserves have shot up by 177.8 million US dollars to 293.28 billion US dollars in the week ended 10th January. An RBI press release said that the sharp rise in the reserves is due to the rise in foreign currency assets. During the week, the gold reserves remained un...

January 17, 2014 6:15 PM

Sensex down 202 points to close below 22,000-level

Falling for the second straight session, the Sensex at the Bombay Stock Exchange declined 202 points, to close at 21,064, on selling in blue-chips, today. The Nifty at the National Stock Exchange fell 57 points, to 6,262.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed...

January 17, 2014 2:19 PM

Rupee firms up by 17 paise to 61.36 against Dollar

The rupee firmed up by 17 paise to 61 rupees, 36 paise against the dollar in late morning deals today due to selling of the US currency by banks and exporters on the back of its weakness overseas. The rupee resumed slightly higher at 61.50 per dollar as against the last closing level of 61.53 at the...

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