Business

November 9, 2013 12:11 PM

Boiler blast kills two persons in Tamil Nadu<br/>

In Tamil Nadu, two persons were charred to death and four seriously injured after an extraction boiler in a herbal unit burst at Attur in Salem district. Police said, twenty employees were working in the plant on Friday night when the boiler exploded, spilling hot oil on the workers, and killing two...

November 9, 2013 9:57 AM

US President Obama calls for more investment in nation's infrastructure

US President Barack Obama has called for more investment in the nation&apos;s infrastructure to create jobs and boost the economy. He said this after inspecting New Orleans, a port in the State of Louisiana on the Gulf of Mexico on Friday. Rebuilding transportation and communications networks is...

November 9, 2013 9:13 AM

RBI allows third-party payment for export and import transactions

Easing procedures, the Reserve Bank of India, RBI, has allowed third-party payment for export and import transactions. The RBI said that with a view to further liberalise the procedure relating to payments for exports/imports, banks are allowed payments for export of goods/software to be received fr...

November 9, 2013 9:11 AM

RBI allowed third-party payment for export and import transactions

Easing procedures, the Reserve Bank of India, RBI, has allowed third-party payment for export and import transactions. The RBI said that with a view to further liberalise the procedure relating to payments for exports/imports, banks are allowed payments for export of goods/software to be received fr...

November 8, 2013 6:34 PM

Sensex down 157 points to close above 20,000 mark

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange dropped 157 points, or 0.8 percent, to close at 20,666, amid declining global markets, today, on concerns that the US Federal Reserve would start tapering its monetary stimulus sooner than expected. The Sensex has now l...

November 8, 2013 5:17 PM

Sensex down 157 points to close above 20,000 mark

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange dropped 157 points, or 0.8 percent, to close at 20,666, on rupee weakness, and amid declining global markets, today. The Sensex has now lost 574 points in four trading sessions. The Nifty at the National Stock Exchange ...

November 8, 2013 4:33 PM

S&P cuts France's credit rating to AA from AA+

Standard and Poor&apos;s has cut France&apos;s credit rating to AA from AA+. The moves comes almost two years after the country lost its top-rated AAA status. S&amp;P said it downgraded France because high unemployment in the country was making it hard for the government to make importan...

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