CIL registers 9.6 per cent growth in production in September quarter

The Coal India Limited, CIL, has registered 9.6 per cent growth in production in the September quarter. This was stated by Coal Minister Sriprakash Jaisawal in New Delhi. The Minister said that the Company has registered significant improvement in coal production, dispatch and supplies to the power ...

India Post launches an instant electronic money transfer service

The India Post has launched an instant electronic money transfer service in partnership with Wall Street Exchange, a company of UAE's Emirates Post Group. Under the agreement, recipients will be able to receive their payment at any of the identified 17,500 post offices in India by producing...

Sensex up 256 points to close at above 20,000 mark

Gaining for the fourth straight session, the Sensex at the Bombay Stock Exchange surged 256 points, or 1.3 percent, to 20,529, on buying in IT stocks, after Infosys raised its annual sales forecast, and as global markets rallied, on friday. The Sensex had gained 378 points in the previous three trad...

G-20 countries asks US to take urgent action to address short-term fiscal uncertainties

Country's forex exchange reserves surges

Country's forex exchange reserves have surged 1.46 billion to 277.73 billion dollar in the week ended October 4 on the back of a healthy growth in the key currency assets. RBI said that the reserves had dipped by 1.12 billion to 276.26 billion dollar in the previous reporting week.According...

India's handicraft exports expected to meet 4-billion dollar target in current fiscal

India's handicraft exports are expected to meet the 4-billion US dollar target in 2013-14 on the back of growing demand in markets like the US, China, Russia and Latin America. In the last fiscal, these exports stood at 3.3 billion US Dollars, according to the Export Promotion Council for H...

Rupee rises to two month high of 61.07 against dollar

The rupee closed 32 paise stronger, at a fresh two-month high of 61.07 against the dollar.The rupee trimmed gains made in early morning trade today but was still up 12 paise at 61.27 per dollar on selling of the American currency by banks and exporters in view of sustained foreign capital inflows.

After registering modest growth in July, the country's industrial production slowed down to 0.6 per cent in August this year . It is mainly on account of a contraction in manufacturing and mining. Factory output, which showed some signs of recovery after recording a growth of 2.8 per cent i...

Country's forex surge $1.46 bn in week ended Oct 4<br/>

Country&apos;s forex exchange reserves have surged 1.46 billion to 277.73 billion dollar in the week ended October 4 on the back of a healthy growth in the keycurrency assets, the Reserve Bank said today. The reserves had dipped by 1.12 billion to 276.26 billion dollar in the previous reporting ...

Fin Mins, central bank chiefs of G20 urge US to work swiftly to avoid debt default<br/>

Finance Ministers and central bank chiefs of the Group of 20 nations are urging the United States to work swiftly to avoid a debt default. The first day of the two-day G 20 meeting in Washington concentrated on the global economy. Participants expressed views on the possible impact of the US fiscal ...