Gross direct tax collection swells up 5.87 pc in Apr-Sept

Gross direct tax collection during first six months of current financial year was up by 5.87 percent at 2,72,133 crore rupees. It was over 2,57, 000 crore rupees in the same period last year. While gross collection of corporate taxes increased to 1,78,173 crore rupees from 1,75,360 crore rupees and ...

India expands more than China in July-Sept Qtr: HSBC

HSBC survey said economic growth in emerging market economies slowed in the July-September quarter on poor performance by the manufacturing sector, but India expanded more than China.The HSBC Emerging Markets Index EMI slipped to 52.1 in the third quarter this year, from 53.2 in the April-June perio...

S&P warns India of rating downgrade

Ratings agency Standard & Poor's has warned that India still faced a one-in-three chance of a credit rating downgrade within the next 24 months despite a new drive for economic reforms launched by the government last month.India rating is one notch above junk grade and the lowest in...

Ad agency TDI pays dues of Rs. 61.85 Crore to AAI

The advertising agency TDI International India has paid dues of 61.85 crore rupees to Airport Authority of India, AAI. The move follows a strong directive by the Union Civil Aviation Minister Ajit Singh to the AAI to recover the outstanding amount.A committee has been constituted to reconcile the ou...

Odisha sets up panel for mines lease renewal

Odisha government has set up an inter-departmental committee to consider a large number of applications for renewal of mining leases pending for over 10 years.A notification by steel and mines department said, the 12-member committee headed by the Development Commissioner-cum-Additional Chief Secret...

India second largest steel producer soon, says Beni

Sensex falls by 162 points

The Sensex today tumbled by 162 points to close at 18,631.10 on across-the-board selling.After resuming over 100 points lower, the BSE benchmark index failed to stage a recovery amid fresh concerns over the sluggish global economic growth and Eurozone debt crisis.The rupee also wilted under pressure...

Sensex falls 116 pts in noon trade

The Sensex at the Bombay Stock Exchange was trading 116 points in the negative territory at 18,677 in late morning deals, when reports last came in. The 30-share barometre fell by 127 points in opening trade today on emergence of profit selling by funds and retail investors amid a weakening trend on...

Governor of China's central bank pulls out of IMF, World Bank meet in Japan

The governor of China's central bank has pulled out of the International Monetary Fund (IMF) and World Bank meetings being held in Japan. The move comes amid an ongoing territorial dispute between the two countries. Relations between the two soured after Japan said it has purchased disputed...

Rupee down 16 paise against dollar in early trade

Declining for the fourth day in a row, the rupee depreciated by 16 paise to 52 rupees 88 paise against the dollar in early trade today, weighed down by dollar's gains overseas. In the previous session, the domestic unit had ended down by 8 paise at 52 rupees 72 paise per dollar.