Business

January 1, 2013 10:14 AM

Rupee gains 20paise to trade at 54.79 against US dollar

The rupee rose by 20 paise to trade at 54 rupees 79 paise against the US currency in early trade today on dollar selling by exporters and some banks. The rupee had lost 22 paise to close at one-week low of 54 rupees 99 paise against the dollar in yesterday's trade due to month-end demand fo...

January 1, 2013 10:13 AM

Sensex opens on promising note up 132pts on first trading day of 2013

Stock markets opened on a promising note on the first trading day of 2013 with the Sensex at the Bombay Stock Exchange rising 132 points in early trade. The rise was attributed to increased buying by funds as well as retail investors. The 30-share index rose by 132 points to trade higher at 19,558 p...

January 1, 2013 9:56 AM

White House & Senate Republicans reach fiscal cliff deal

Reports from the United States say, the White House and Senate Republicans, have reached a deal to avoid the country falling off, what is known as the Fiscal Cliff. A series of automatic tax hikes and spending cuts have threatened to push the economy, back in to recession. It is also thought that De...

January 1, 2013 9:52 AM

Flying out of Delhi cheaper from today

Flying out of Delhi will become cheaper from today, with the development fee charged by the operator of IGI airport being reduced by 100 rupees for domestic and by 700 rupees for international passengers. The decision of GMR-led Delhi International Airport Limited, DIAL to slash the charges followed...

January 1, 2013 9:51 AM

SBI launches mobile wallet service in Delhi & Mumbai

State Bank of India has launched 'Mobicash Easy', a mobile wallet in Mumbai and Delhi with service offerings like funds transfer and bill paymentamong others. The service, which was launched yesterday, will offer services like balance enquiry, mini statement, funds transfer, mobile...

December 31, 2012 7:35 PM

Eight infra sectors' growth dips to 1.8% in Nov<br/>

Growth rate of eight core sector industries has declined to 1.8 per cent in November this year, from 7.8 per cent in the same month last year. The decline is on account of negative growth in production of coal, natural gas and cement. According to an official release, core sector industries crude oi...

December 31, 2012 6:03 PM

CPSEs required to double minimum CSR contribution from next fiscal

Top earning Central Public Sector Enterprises (CPSEs)will have to double their minimum expenditure on Corporate Social Responsibility (CSR) from the next fiscal. According to the new norms of the Department of Public Enterprises, CPSEs earning net profit of over 500 crore rupees will have to raise t...

December 31, 2012 5:53 PM

Key Asian markets mixed

Key Asian markets were mixed, today, as U.S. politicians prepared for last-minute talks to avoid a fiscal crunch of spending cuts and tax hikes that could drag down the world economy. China&apos;s Shanghai Composite index jumped 1.6 percent, boosted by upbeat Chinese manufacturing data from HSBC...

December 31, 2012 5:52 PM

Gold recovers on low level buying, firm global trend

Gold rose 65 rupees, to 30,990 rupees per ten grams at Delhi&apos;s bullion market, today, on emergence of buying at lower levels by retailers, amid a firm global trend. But silver dropped 600 rupees, to 57,000 rupees per kilo, on lack of necessary buying support from industrial units and coin m...

December 31, 2012 5:52 PM

Air traffic growth in India may decline 2.5 % in 2012-2013

Domestic think-tank, Centre for Monitoring Indian Economy, CMIE, in its report has said that air traffic growth in India may decline 2.5 percent in 2012-2013 fiscal. The think-tank said that the traffic is being impacted by higher fares, grounding of Kingfisher Airlines and overall subdued consumer ...

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