Business

December 26, 2012 9:39 AM

Allay investor concerns on tax front to boost investments: 12th Plan document

The draft 12th Five Year Plan document says,a decision on the recommendations to allay investor concerns over tax front should be taken at the earliest to boost investments.Projecting an annual growth rate of 8.2 per cent for the five years till 2016-17, the document also called for removal of bottl...

December 25, 2012 10:46 AM

China offers assistance for Lanka's coconut-based industry

China today offered assistance to Sri Lanka for developing its coconut based industry in order to increase exports of coconut-based products to China.According to the Ministry of Coconut Development, the offer was made during a meeting between the Minister of Coconut Development Jagath Pushpakumara ...

December 25, 2012 10:17 AM

Rupee drops 7 paise

The Rupee dropped by seven paise to 55.13 against the American currency in late morning trade on Monday on mild dollar demand from banks and importers amid its higher value overseas.Persistent dollar demand from banks and importers in view of its higher value in overseas market mainly affected the r...

December 25, 2012 10:17 AM

Oil prices low in Asian trade

Oil prices in Asia were lower in quiet Christmas eve trade with traders discouraged by a political stalemate in the US over a deal to avert the fiscal cliff. New York's main contract, light sweet crude for delivery in February shed 16 cents to 88.50 dollar and Brent North Sea crude for Febr...

December 24, 2012 6:20 PM

Tax Collections registers growth of 10.44 % in December

Advance Tax collection recorded a growth of 10.44 per cent during December this year. According to the Finance Ministry the third installment of the Advance Tax collections were upto Rs 78,226 crore. The advance tax collections in the current fiscal upto 20th December grew 7.52 per cent over the cor...

December 24, 2012 5:50 PM

Tax Collections registers growth of 10.44 % in December

Advance Tax collection recorded a growth of 10.44 per cent during December this year. According to the Finance Ministry, the third installment of the Advance Tax collections were up to Rs 78,226 crore showing a growth rate of 7.52 per cent over the corresponding period last year. It includes a 7 per...

December 24, 2012 5:20 PM

Sensex ends with marginal gain of 13 points

The Sensex at the Bombay Stock Exchange closed with a marginal gain of 13 points, or 0.1 percent, at 19,255, on Monday, amid cautious trade by investors. The Nifty at the National Stock Exchange rose 8 points, to 5,856. Stock markets in China, Hong Kong, South Korea and Singapore posted small gains ...

December 24, 2012 2:22 PM

Sensex up by 37 pts

The Indian benchmark BSE-30 share index, Sensex, firmed up by 37 points, or 0.19% to 19, 280 in late afternoon trade Similarly, the wide-based National Stock Exchange index Nifty moved up by seven points to 5,855 .

December 24, 2012 2:20 PM

Vietnam cuts key interest rates for 6th time

Vietnam today cut its key interest rates for the sixth time this year in an attempt to boost an economy growing at the weakest pace in more than a decade. The State Bank of Vietnam cut the refinancing rate, which is charged on loans to commercial banks, to nine percent from 10 percent. The discount ...

December 24, 2012 12:59 PM

Sensex up by 45 pts<br/>

The Indian benchmark BSE-30 share index,Sensex, firmed up by 45 points, or 0.23 per cent,and stood at 19, 287points in noon trade.Similarly, the wide-based National Stock Exchange index Nifty moved up by over 10points to 5,858 a shortwhile ago.

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