Business

March 4, 2013 11:15 AM

Oil down in Asia as investors wait for US payroll data

Oil prices were down in Asia today as a pipeline closure in the United States led to fears that inventories could rise and investors waited for the release of US payrolls data.New York's main contract, West Texas Intermediate light sweet crude for delivery in May shed 57 cents to 96.62 doll...

March 4, 2013 10:10 AM

Rupee loses 14 paise to quote at 54.40 against dollar

The rupee lost 14 paise to 54 rupees 40 paise against the dollar in early trade today, due to strengthening of the US currency overseas.The local currency had gained three paise to close at 54 rupees 26 paise yesterday.

March 4, 2013 10:02 AM

Rupee down 16 paise to trade at nearly 2 month low against dollar<br/>

The rupee today weakened by 16 paise to trade at nearly two-month low of 55.05 rupees against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers.The rupee fell by a whopping 53 paise to close at nearly two-month low of 54...

March 4, 2013 10:02 AM

Sensex falls over 135 pts in early trade

The BSE benchmark Sensex today fell by over 135 points to 18, 783 in early trade as funds and retail investors booked profits after recovery in the previous session amid a mixed trend in the Asian region.The 30-share barometer, which gained 56.98 points in the previous session on Friday, moved down ...

March 3, 2013 9:15 PM

FM to interact with citizens on Union Budget through Google Plus tomorrow

Finance Minister P Chidambaram will interact with citizens and answer their questions on the Union Budget 2013-14 through Google Plus Hangout tomorrow night.The video conference scheduled for 8 pm is the first time that any Union Cabinet minister is using this online platform to converse with the ci...

March 3, 2013 9:13 PM

Finance Minister rules out amnesty for Income Tax defaulters

Finance Minister P Chidambaram will interact with citizens and answer their questions on the Union Budget 2013-14 through Google Plus Hangout tomorrow night.The video conference scheduled for 8 pm is the first time that any Union Cabinet minister is using this online platform to converse with the ci...

March 3, 2013 8:58 PM

FM rules out any amnesty for Income Tax defaulters

Finance Minister P. Chidambaram has ruled out any amnesty for Income Tax defaulters, on the lines of amnesty given to Service Tax defaulters announced in the Budget. In an interview to PTI, he said huge amount of data is being mined and notices have been issued to 35,000 people. Another 35,000 notic...

March 3, 2013 6:08 PM

5-6 percent growth rate insufficient for economy: Subbarao

Reserve Bank Governor D Subbarao, today, said a growth rate of 5 to 6 per cent is not sufficient for the economy, which has the potential to grow at double digit rate provided some issues are addressed. Speaking at the IIT Kanpur Alumni meet, Subbarao said there is a need for stable and predictable ...

March 3, 2013 6:06 PM

6.5 % economic growth projected for next fiscal reasonable: Montek<br/>

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the 6.5 per cent economic growth projection for next fiscal is reasonable. In an interview to a News TV channel today ,Ahluwalia said that Government have taken corrective steps needed to get rid of impediments to growth, so the 6.5...

March 3, 2013 6:06 PM

FM rules out any amnesty for Income Tax defaulters

Finance Minister P. Chidambaram has ruled out any amnesty for Income Tax defaulters, on the lines of amnesty given to Service Tax defaulters announced in the Budget. In an interview to PTI, he said huge amount of data is being mined and notices have been issued to 35,000 people. Another 35,000 notic...

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