Sensex rises over 60pts in early trade

The BSE benchmark Sensex today rosefurther over 65 points in early trade on sustained buying by funds and retailers amid a firm trend in Asian regions.The 30-share barometer, which had gained 38.37 points in the previous session, rose further by 65.66 points, or 0.35 per cent, to 18,779. , led by oi...

India will attract USD 700 billion investment through FDI in retail: Narayanswamy

Union Minister of State in Prime Minister's Office (PMO) V Narayanswamy has said India will attract at least 700 billion US dollar investment investment in the next few years through foreign direct investment (FDI) in retail sectors.He said it will also create more than two crore employment...

Air India's newly-acquired Boeing 787 Dreamliner aircraft started its long-haul international operations on Monday with a flight to Frankfurt .The flight from Delhi to the German city took off from the Indira Gandhi International Airport of New Delhi.AIR correspondent reports that the Dream...

Indirect tax collections grow 15.6% in April-Sept

Indirect tax collections have risen at 15.6 per cent to 2.17 lakh crore rupees in April-September, against the annual target of 27 per cent.This is mainly due to slowdown in economic activity. The excise duty collection during April-September period totalled 80,000 crore rupees, while customs duty m...

Govt rules out any further hike in diesel, LPG prices

The Union Minister for Petroleum and Natural gas, Jaipal Reddy has ruled out any increase in the prices of LPG and Diesel anytime soon and has said that Government and Oil Marketing Companies will have to share the burden of under-recoveries.Speaking to reporters in New Delhi on Monday Mr. Reddy sai...

New ATMs in Sri Lanka to accept cash deposits

In Srilanka post ATMs are not linked to any banks unlike the traditional ATMs.Launched by a Sri Lankan company in a joint venture with a Japanese firm, the system lets the users deposit Sri Lankan currency notes of Rs 10 to 5000 denominations into this machine to settle their bills.To start with, mo...

Economy likely to turn around in next 6 months: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said that the economic deceleration of the past several quarters has been arrested, and the economy is likely to turn around in the next six months.He said he hoped that many of the recent measures taken by the government to revive...

Bulgaria invites Indian companies to invest in its various sectors

Bulgaria has invited Indian companies to invest in its various sectors such as pharmaceuticals, tourism, agriculture and food processing.Speaking at a function in New Delhi on Monday, Bulgarian Minister of Economy, Energy and Tourism Delian Dobrev said there is a huge potential for Indian investors ...

Time-bound decision on recommendations on freeing sugar: Govt

Food Minister K V Thomas on Monday said the government will take a time-bound decision on the Rangarajan committee's recommendations on freeing sugar industry.Talking to the media on the the sideline of a function in New Delhi, Mr Thomas said the panel's report will not be put on b...

Costlier diesel pushed up inflation to 7.81% in Sept

Costlier diesel lifted inflation to a 10-month high of 7.81 per cent in September, this year. Inflation, as measured by the Wholesale Price Index, had stood at 7.55 per cent in August this year, and at 10 per cent in September last year.For the fuel and power category, inflation increased to 11.88 p...