Rupee up by 16 paise against dollar

The rupee rose by 16 paise to 62 rupees 28 paise against the dollar in early trade today, after the economy grew by a higher-than-expected 4.8 per cent in the September quarter. The domestic currency had lost three paise to close at 62 rupees 44 paise on Friday, amid demand for the US currency from ...

Union Petroleum Minister Veerappa Moily on Friday inaugurated the first "Synthetic Rubber Plant" of the country at Panipat in Haryana.The plant is set up with the help of Japan and Taiwan at a cost of over Rs. 958 crore. Inaugurating it, Moily said, it would bring new revolution in...

RBI extends deregulated NRE deposit schemes till 31st Jan 2014

To attract more dollar inflows, the Reserve Bank has extended the deregulated interest rate scheme for NRE deposits till January 31 next year.The RBI said in a notification that banks will continue to get exemption provided on such deposits from CRR and SLR requirements during this period.The RBI al...

GDP grows by 4.8% in 2nd quarter this fiscal

Indian economy grew by 4.8 per cent in the second quarter this fiscal due to improved performance of farm,manufacturing, construction and services sectors. The gross domestic product (GDP) had expanded by 4.4 per cent in the April-June quarter of this fiscal and 5.2 per cent in July-September quarte...

Rupee drops 3 paise to close at 62.44 vs dollar

At the interbank foreign exchange market, the rupee dropped 3 paise, to close at 62.44 against the dollar, today, on demand for the US currency from oil refiners.

PMEAC forecasts 5.3% GDP growth for current fiscal; Says CAD to drop below 3% of GDP

The Chairman of the Prime Minister's Economic Advisory Council, Dr C Rangarajan today exuded confidence that the Indian economy will grow at 5.3 per cent in 2013-14. Speaking at a function in New Delhi, Dr. Rangarajan said, despite the economy passing through phase of low growth, the growth...

FM: Govt in next six months to liberalise capital markets, financial sector

Finance Minister P Chidambaram today said government will in next six months liberalise capital markets and financial sector to help economy return to high growth trajectory. Chidambaram said, liberalising natural gas pricing as well as clearing impediments facing projects are high on priority. Spea...

Sensex up 257 points to close above 20,000 mark

The Sensex at the Bombay Stock Exchange rallied 257 points, or 1.3 percent, to close at 20,792, today, on hopes that second quarter GDP growth will beat expectations. The Nifty at the National Stock Exchange rose 84 points, or 1.4 percent, to 6,176.Stock markets in Japan, China, Hong Kong, South Kor...

Govt efforts on to simplify patent system: MoS Commerce

Minister of State for Commerce and Industry, Dr. E.M.S Natchiappan said that India is actively working on bringing more innovations into patent regime by adopting 'inclusive way of acceptance'. Delivering the inaugural address at the Indo - European conference in New Delhi today, h...

Govt efforts on to simplify complexities of patent system: MoS Commerce

Minister of State for Commerce and Industry, Dr. E.M.S Natchiappan said that India is actively working on bringing more innovations into patent regime by adopting 'inclusive way of acceptance'. Delivering the inaugural address at the Indo - European conference in New Delhi today, h...