Economy to grow by 7-8 per cent in next 5- years: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said the Indian economy will grow in the range of seven to eight per cent in the next five years. Referring to the widening Current Account Deficit, CAD, he said efforts are needed to contain it and survive with CAD of over 4 per c...

Sensex up 3 pts in noon trade

The Sensex at the Bombaystock Exchange rose 46 points, or 0.2 per cent, to 19,730 in early trade, today, on the back of sustained buying by funds and retail investors. But later, after swinging between gains and losses, the Sensex stood just 3 points in the positive zone, at 19,686 in afternoon deal...

Sensex down 30 pts in noon trade

Erasing early gains, the BSE benchmark Sensex today lost 30 points in the late morning trade due to fresh selling pressure mainly in metal, capital goods, IT and technology sectors amid mixed Asian cues. The 30-share index resumed slightly lower at 19,679 and hovered in a range 19,737 and 19,651 bef...

Oil prices down in Asia

Oil prices were down in Asia today. New York's main contract, light sweet crude for delivery in April eased 26 cents to 91 dollars 69 cents a barrel and Brent North Sea crude for April dipped 41 cents to 110 dollars 42 cents in late morning Asian trade.

Rupee lose 22 paise against dollar

The rupee lost 22 paise to 54 rupees 50 paise against the dollar in early trade today. The domestic currency had gained 28 paise to close at over one-week high of 54 rupees 28 paise a dollar on Friday.

Sensex up 46 pts in early trade

Extending gains for the fifth straight session, the Sensex at the Bombay Stock Exchange rose by 46 points in early trade today. The 30-share index had gained over 805 points in the previous four sessions.The Nifty at the National Stock Exchange rose by 14 points to 5,960.In Asia, Hong Kong'...

Norway's oil fund, one of the biggest investors in the world, rose in value by 13.4 per cent last year, its second-best performance ever. The Central Bank said, the fund's investments in shares jumped by 18.1 per cent in 2012, boosted by soaring equity indexes around the world. It ...

World Bank Prez Jim Yong Kim arriving in New Delhi tomorrow

World Bank President Jim Yong Kim is arriving in New Delhi on a three-day visit to India tomorrow. He will hold discussions with Finance Minister P Chidambaram and discuss India's major initiatives to foster equitable growth. He is also likely to meet Prime Minister Dr Manmonah Singh and ot...

Inflation in China reaches highest level in 10 months

Inflation in China has reached its highest level in ten months. Data for the year to February showed the prices rose by 3.2 per cent, probably because food prices went up for the lunar new year celebrations. Meanwhile, growth in China's industrial production and retail sales slowed.

RBI sign first Currency Swap Agreement with Royal Monetary Authority of Bhutan

The Reserve Bank of India - RBI today signed the first Currency Swap Agreement with the Royal Monetary Authority of Bhutan. A notification issued by RBI said the Royal Monetary Authority of Bhutan can draw US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of 100 million US dollars...