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November 13, 2013 9:03 AM
The garment industry in Bangladesh is facing more turmoil as workers are demanding higher wages. There have been clashes with the riot police. About two hundred factories were shut down and at least fifty people injured over the past two days of labour unrest. Garment industry's 40 lakh wor...
November 13, 2013 8:29 AM
At the interbank foreign exchange market, the rupee continued to slide against the dollar for the fifth day in a row, losing 47 paise, to close at a fresh two-month low of 63.71, on tuesday. The rupee fell amid declining domestic stock markets, and demand for the US currency from importers. A firm d...
November 13, 2013 8:28 AM
Falling for the sixth straight session, the Sensex at the Bombay Stock Exchange dropped 209 points, or 1 percent, to close at a one-month low of 20,282, on tuesday, on rupee weakness, and ahead of industrial output and retail inflation data. The Sensex has now lost over 950 points in six trading ses...
November 13, 2013 8:27 AM
Paving the way for closure of long-pending Jet-Etihad deal, the Competion Commission of India, CCI has approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline. Etihad is acquiring this stake for 2,058 crore rupees in a deal that was an...
November 12, 2013 8:59 PM
At the interbank foreign exchange market, the rupee continued to slide against the dollar for the fifth day in a row, losing 47 paise, to close at a fresh two-month low of 63.71, today. The rupee fell amid declining domestic stock markets, and demand for the US currency from importers. A firm dollar...
November 12, 2013 8:11 PM
The country's industrial output grew 2 per cent in September this year, mainly on account of better performance by the power and mining sectors. Factory output, as measured in terms of the Index of Industrial Production, had contracted 0.7 per cent in September last year. According to data ...
November 12, 2013 7:54 PM
Driven by costlier fruits and vegetables, retail inflation rose to 10.09 per cent in October this year. Retail inflation has now entered double digits after a gap of seven months. Inflation as measured by the consumer price index had stood at 9.84 per cent in September this year. Vegetable prices ro...
November 12, 2013 7:11 PM
After remaining flat in August, industrial production is showing signs of recovery as the output grew by two per cent in September, mainly on account of better performance by power and mining sectors.Factory output, as measured in terms of Index of Industrial Production or IIP, had contracted by 0.7...
November 12, 2013 7:09 PM
At the interbank foreign exchange market, the rupee continued to slide against the dollar for the fifth day in a row, losing 47 paise, to close at a fresh two-month low of 63.71, today. The rupee fell amid declining domestic stock markets, and demand for the US currency from importers. A firm dollar...
November 12, 2013 6:47 PM
Union Minister for Commerce and Industry, Mr Anand Sharma today concurred with the CII suggestion to have a National Services Competitive Council on the lines of National Manufacturing Competitive Council. Mr Sharma expressed this while inaugurating the Services Conclave jointly organized by the Min...
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