Business

June 4, 2013 10:15 AM

China weak manufacturing data pushes Asia oil prices down

Oil prices fell in Asian trade today as data showing weak manufacturing activity in China suggested growth in the world's second largest economy was slowing.New York's main contract, light sweet crude for delivery in July dropped 34 cents to 93.11 dollars a barrel and Brent North S...

June 4, 2013 10:13 AM

Sensex rises 113 points in early trade

The BSE benchmark Sensex today rose nearly 113 points in early trade after two sessions of losses. This follows emergence of selective buying by funds amid a mixed trend in the Asian region. The 30-share barometer gained 0.57 per cent to 19,723 with healtchare, capital goods, realty and oil and gas ...

June 4, 2013 9:17 AM

Capital's Star hotels sign Green Hotel guidelines with Delhi govt

Five-star hotels in the national capital will take a number of environment-friendly measures to cut power and water consumption by the 30th of September this year. It includes setting up of dedicated sewage treatment plant and solar water heating system. As many as 32 five-star hotels today signed M...

June 4, 2013 9:15 AM

Sensex down by 150 points on weak global cues

The Sensex at the Bombay Stock Exchange fell 150 points, or 0.8 percent, to close at a nearly one-month low of 19,610, amid weak global markets on Monday. The Nifty at the National Stock Exchange dropped 47 points or 0.8 percent, to 5,939. Stock markets in Japan, China, Hong Kong, South Korea and Si...

June 4, 2013 9:11 AM

FIU to sign MoUs with various agencies to track blackmoney

The Financial Intelligence Unit (FIU), which is tasked with looking into suspicious financial transactions, will sign MoUs with various agencies to ensure better exchange of information to check blackmoney and tax evasion.Official sources said the MoU will enable FIU and the concerned agency to exch...

June 4, 2013 8:14 AM

RBI extends validity period for in-principle approval for opening new banks

RBI has released certain clarifications on the guidelines issued for licensing of new banks. Based on the feedback received from interested entities, RBI has increased the validity period of the in-principle approval for setting up of banks from one year to 18 months. In a press release issued in Mu...

June 3, 2013 9:45 PM

Foodgrain production increases by 30 % in last 9 years

The country's foodgrain production registered an impressive growth of over 30 percent in the last nine years. It went up to 259 million tonnes in 2012-13 from 198.36 million tonnes in 2004-05. This is result of government initiatives like National Food Security Mission, NFSM, and Rashtriya ...

June 3, 2013 7:52 PM

TRAI releases consultation paper to deal with monopoly in Cable TV services

The Telecom Regulatory Authority of India (TRAI) on Monday released a consultation paper on possible approaches to deal with the issue of monopoly in Cable TV services. The paper contains the issues related to market power, relevant market and possible approaches to deal with the issue. According to...

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