Business

November 11, 2013 12:11 PM

Rupee drops by 83 paise against dollar

The rupee dropped by 83 paise to 63.30 against the American currency after a gap of nearly eight weeks on persistent dollar demand from importers and banks on the back of higher dollar overseas. The rupee resumed lower at 63.00 per dollar as against the last weekend's level of of 62.47 per ...

November 11, 2013 10:17 AM

Rupee down 60 paise against dollar

Foreign funds poured in almost 3,000 crore rupees in the domestic equity market so far, this month amid renewed optimism about the economy and a delayed tapering of the US monetary stimulus.Total foreign investment in the stock market reached 91 thousand 8 hundred 92 crore rupees, so far in 2013.SEB...

November 11, 2013 10:13 AM

Sensex falls183 points in early trade

The Sensex at the Bombay Stock Exchange declined 183 points in early trade today, as funds and retail investors engaged in reducing positions amid a weakening rupee.The 30-share barometer, which had lost 573 points in the past four sessions, fell by 183 points to 20,482.41.Stocks of banking, realty,...

November 11, 2013 9:43 AM

Oil prices up in Asian trade<br/>

Oil prices rose in Asian trade today after Geneva talks on Iran&apos;s nuclear progtamme failed to result in an agreement.New York&apos;s main contract West Texas Intermediate for December delivery was up seven cents to 94.67 US dollar in mid-morning trade, while Brent North Sea crude for De...

November 10, 2013 8:28 PM

RBI allows third-party payments for export, import transactions

The Reserve Bank of India (RBI) has allowed the option of third-party payments for export and import transactions. In a statement, it said, the aim is to further liberalise the procedure relating to payments for exports and imports. Banks are allowed payments for export of goods or software to be re...

November 9, 2013 9:03 PM

Sown area of Rabi crops this season estimated much more compared to last year

The total sown area of Rabi crops this season in the country is estimated at 108.88-lakh hectare as compared to 61.20-lakh hectare last year. According to an official release, total Pulses sown area is 37.78-lakh hectare, followed by Wheat 15.19 lakh hectare,Rice 0.34 lakh hectare and Coarse cereals...

November 9, 2013 6:03 PM

Chidambaram sternly warns of action against service tax offenders

Finance Minister P.Chidambaram has sternly warned of action against service tax offenders. He said in Chennai today that the government is having enough information on economic wrongdoers and warned the offendres of tough action, including arrest. He said the government has to send a stern message, ...

November 9, 2013 2:04 PM

Tax department would not fail to act on chronic defaulters of Service Tax: FM

Union Finance Minister P.Chidambaram today said that ten people were arrested across the country for not depositing the Service Tax they collected from clients and were using the money for their own purposes. Speaking at an interactive session on Service Tax at Chennai today, Mr.Chidambaram warned t...

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