Business

December 31, 2012 5:50 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 new norms of the Department of Public Enterprises, CPSEs earning net profit of over 500 crore rupees will have to raise thei...

December 31, 2012 5:09 PM

Sensex closes lower on last trading session of 2012

The Sensex at the Bombay Stock Exchange dropped a marginal 18 points, or 0.1 per cent, to close at 19,427 on the last trading session of 2012, on investor caution, amid weak global markets, today. The Nifty at the National Stock Exchange fell 3 points, to 5,905.But in 2012, the Sensex rose a good 26...

December 31, 2012 4:41 PM

India all set to produce over 133 million tonne milk in current financial year

India is set to produce over 133 million tonne milk in the current financial year registering an increase of five million tonne over the last fiscal. According to an official release, the production of various animal products has shown a steady increase over the years. Per capita availability of mil...

December 31, 2012 1:15 PM

Sensex trading flat

The Sensex which opened on a slightly better note in early trade is now trading 23 points down at 19,421. It gained 27 points in opening trade today.Similarly, the broad-based National Stock Exchange index Nifty that rose by 4 points in early trade, was trading 10 points down at 5,898.

December 31, 2012 12:20 PM

Sensex trading flat

The Sensex which opened on a slightly better note in early trade is now trading 19 points down at 19,424. It gained 27 points in opening trade today. Similarly, the broad-based National Stock Exchange index Nifty that rose by 4 points in early trade, was trading 7 points down at 5,902.

December 31, 2012 11:32 AM

Rupee up marginally by 2 paise to 54.75 against dollar

The rupee rose marginally by 2 paise to 54.75 against the dollar in early trade on the InterbankForeign Exchange today. The American currency weakened against other currencies overseas as hopes faded that a deal could be reached to avert the fiscal cliff in the US. The rupee had gained 17 paise to c...

December 31, 2012 10:07 AM

Sensex gains over 27 points in early trade

Stock markets opened on a slightly better note on the last trading day of 2012 with the BSE benchmark Sensex gaining over 27 points in early trade. The 30-share index rose by 27 points to trade higher at 19,472 points with stocks of oil and gas, auto and power sectors rising.The broad-based National...

December 31, 2012 10:06 AM

Washington pushes US to edge of 'fiscal cliff'

Leaders of the bitterly divided United States Congress, are making last ditch attempt to stop significant use spending cuts and tax rises, automatically taking effect on January the first. Some economists suggest, the US could dip back into recession, if it were to follow off what's become ...

December 30, 2012 9:27 PM

Foreign exchange earnings from tourism rises 22% from last year

Government has earned 83,938 crore rupees as foreign exchange from tourism as against 68,721 crore rupees last year. This amounts an increase of 22 per cent this year. The visa-on-arrival scheme drew 13,903 tourists as against 11,121 visitors in 2011, a rise of about 25 per cent this year. Exploring...

December 30, 2012 9:10 PM

FII inflow in stocks surpasses Rs 24,000-cr mark in December

Overseas institutional investors have pumped in more than 24,000 crore rupees in Indian stock market in December, the highest in ten months. Foreign Institutional Investors (FIIs) were gross buyers of shares worth 71,595 crore rupees, while they sold equities amounting to 47,412 crore rupees. Market...

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