The Coal Ministry has sought suggestions from the stakeholders on the draft bid document pertaining to coal mines to be auctioned in order to ensure greater transparency.The development comes in the backdrop of the government drawing flak from various quarters for irregularities in mines allocation....

Gold surges for 3rd day, up Rs 45

Gold prices, rising for the third straight day, rose by another 45 rupees to 30,215 rupees per 10 grams in the national capital today. Traders the the rise followed on increased buying by stockists and jewellers to meet the upcoming marriage season demand amid a strong global trend.Silver also jumpe...

NABARD reduces refinance rate for banks

National Bank for Agriculture and Rural Development (NABARD) has reduced refinance rate for banks and other lending agencies by 0.20 per cent to promote rural credit and rural infrastructure. The revised rate of interest on refinance for a period of five years for commercial, state cooperative, regi...

BOJ and RBI conclude an agreement

The Bank of Japan (BOJ) and RBI have concluded an agreement that expands the maximum amount of the bilateral swap arrangement (BSA) between the two countries to 50 billion dollars. The agreement was signed by BOJ Governor Haruhiko Kuroda and RBI Governor Raghuram Rajan and came into force from Frida...

Sensex gains 45 points to close above 20,000-level

The Sensex at the Bombay Stock Exchange closed with a modest gain of 45 points, or 0.2 percent, at 20,758 on friday. The Nifty at the National Stock Exchange rose 3 points, to 6,171.

India's trade deficit narrows to $10.1 bn in Dec

India's exports grew 3.49 per cent in December to 26.3 billion dollar, while imports dipped 15.25 per cent to 36.4 billion dollar during the month. Commerce Secretary S R Rao said export growth slowed mainly because of a drop in petroleum exports. However, he said lower imports helped to na...

Industrial production declines by 2.1% in Nov 2013

The country's industrial production contracted 2.1 percent, year-on-year, in November 2013. According to government data, released today, the mining sector grew 1 percent in November 2013, and the electricity secor grew 6.3 percent, but the manufacturing sector contracted 3.5 percent in Nov...

Rupee up 17 paise to end at 61.90 vs dollar<br/>

The rupee strengthened 17 paise, to end at 61.90 against the dollar amid fresh sales of the US currency by exporters and banks.The rupee opened higher at 62 per dollar from yesterday&apos;s close of 62.07 at the interbank foreign exchange market.

IIP contracted 2.1% in Nov 2013

The country&apos;s industrial production contracted 2.1 percent, year-on-year, in November 2013. According to government data, released today, the mining sector grew 1 percent in November 2013, and the electricity secor grew 6.3 percent, but the manufacturing sector contracted 3.5 percent in Nov...

Sensex gains 45 points to close above 20,000-level

The Sensex at the Bombay Stock Exchange closed with a modest gain of 45 points, or 0.2 percent, at 20,758, today. The Nifty at the National Stock Exchange rose 3 points, to 6,171.