Money laundering: Swiss bank accounts of Mumbai-based businessman frozen

The Enforcement Directorate has frozen about six crore rupees of stashed funds of a Mumbai-based businessman in an alleged money laundering case. It was the first instance of an Indian agency getting access to Swiss bank accounts in its black money probe. The agency, which approached Swiss authoriti...

Under recovery of Oil Marketing companies for 2012-13 expected to be higher than last yr

The Under recovery of Oil Marketing companies for the year 2012-13 is expected to be higher than last year at 1 lakh 87 crore rupees. Speaking at the Economic Editors Conference in New Delhi, the Petroleum and Natural Gas Minister Jaipal Reddy said, the recent hard decisions on diesel price hike and...

Sensex surges 84 pts to close at 18,793

The Sensex at the Bombay Stock Exchange rose 84 points, or 0.5 percent, to 18,793, today, on fresh hopes of more economic reforms. The Sensex had lost about 350 points in the previous two trading sessions. The Nifty at the National Stock Exchange climbed 29 points, or 0.5 percent, to 5,705.Stock mar...

Sensex gains 54 pts in noon trade

Trimming intital gains, the Sensex at the Bombay Stock Excange stood 54 points, or 0.3 percent in positive territory, at 18,763 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a much better gain of 151 points, or 0.8 per cent, at 18,860, on fresh bu...

FDI in aviation will help rapid growth of sector : Min Ajit Singh

Civil Aviation Minister Ajit Singh today said that FDI in civil aviation will help tap expertise and experience of foreign airlines for domestic industry. Addressing the Economic Editors' Conference in New Delhi, he said 49 per cent FDI by foreign airlines will help in rapid growth of aviat...

Sensex trims initial gains; still in positive territory at 18,763pts

Trimming intital gains, the Sensex at the Bombay Stock Excange stood 54 points, or 0.3 percent in positive territory, at 18,763 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a much better gain of 151 points, or 0.8 per cent, at 18,860, on fresh bu...

Developing countries must participate in decision making of int'l financial institutions: India at UN

India stressed the need to ensure due participation of developing countries in the decision making mechanism of international economic and financial institutions. Speaking at the General Debate of the Second Committee at United Nations, the Minister of State for External Affairs E Ahmed said that th...

FDI in aviation will help rapid growth of sector : Min Ajit Singh

Civil Aviation Minister Ajit Singh today said that FDI in civil aviation will help tap expertise and experience of foreign airlines for domestic industry. Addressing the Economic Editors' Conference in New Delhi, he said 49 per cent FDI by foreign airlines will help in rapid growth of aviat...

IMF lowers India's growth forecast

Sensex up 137pts in noon trade at 18,846

The BSE benchmark Sensex was up by 137 during noon. The 30-share barometer, which was up by more than 150 pts during early trade, though lost few points during noon trading but still was up by 137 pts. or .73 % and was trading at 18,846.Similarly, the wide-based National Stock Exchange index Nifty w...