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August 31, 2013 9:03 AM
The government has approved denotification of six special economic zones, SEZs, projects, including one textile sector and five IT SEZs. The decision was taken at a meeting of Board of Approval, BoA, headed by Commerce Secretary SR Rao on Friday. An official release said, the BoA also considered fou...
August 31, 2013 8:40 AM
The Finance Ministry has advised banks to cut down their net non-performing assets, NPAs, and deal firmly with willful defaulters. Speaking to reporters in Mumbai on Friday, Financial Services Secretary Rajiv Takru said, banks have been asked to show no consideration to willful defaulters. Mr. Takru...
August 30, 2013 6:58 PM
Economic growth in the April-June quarter of this fiscal slipped to 4.4 per cent, the slowest pace in at least four years. The figure was dragged down by a contraction in manufacturing and mining.The country's gross domestic product (GDP) had expanded by 5.4 per cent in the April-June quart...
August 30, 2013 6:54 PM
Brent crude oil slipped to 115 dollars a barrel, today, as fears over supply disruptions in West Asia eased after Britain said it would not join any military action against Syria. But oil prices were still on track for their biggest monthly gain in a year, with Brent up more than 6 percent in August...
August 30, 2013 4:25 PM
The Sensex at the Bombay Stock Exchange gained 219 points, or 1.2 percent, to close at 18,620, after very volatile trade, today. The Nifty at the National Stock Exchange rose 63 points, or 1.2 percent, to 5,472.
August 30, 2013 4:23 PM
Gold plunged 625 rupees, to 31,700 rupees per ten gram at Delhi's bullion market, today, on sustained selling by stockists, triggered by a weak global trend. Silver tumbled 1,710 rupees, to 54,000 rupees per kilo, on reduced offtake by jewellers and industrial units. Silver coins dropped 1,...
August 30, 2013 2:08 PM
Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood a modest 17 points, or 0.1 percent in positive territory, at 18,418 in volatile trade,a short while ago. Earlier in the morning, the Sensex had fallen 72 points, or 0.4 percent, to 18,329, on selling by funds, and profit-b...
August 30, 2013 2:08 PM
Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood a modest 17 points, or 0.1 percent in positive territory, at 18,418 in volatile trade,a short while ago.Earlier in the morning, the Sensex had fallen 72 points, or 0.4 percent, to 18,329, on selling by funds, and profit-bo...
August 30, 2013 2:08 PM
Recovering from initial losses, the Sensex at the Bombay Stock Exchange stood a modest 17 points, or 0.1 percent in positive territory, at 18,418 in volatile trade,a short while ago.Earlier in the morning, the Sensex had fallen 72 points, or 0.4 percent, to 18,329, on selling by funds, and profit-bo...
August 30, 2013 1:58 PM
The rupee trimmed its early losses, but was still quoted down by 32 paise to 66.87 rupees per dollar in late morning trade today on month-end demand for the US currency from banks and importers. The rupee resumed lower at 67 rupees per dollar as against the last closing level of 66.55 rupees and dro...
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