Telecom companies whose licences have been cancelled by the Supreme Court will have to pay one time, non-refundable entry fee of Rs one crore for unified licences for each service area. This was stated in the guidelines issued by the Department of Telecommunications in the notice inviting applicatio...

Kelkar panel favours subsidy elimination

The Kelkar Committee set up by the Government to suggest measures for fiscal consolidation has recommended phased elimination of subsidies.The Committee report, which has been uploaded by the Union Finance Ministry on its website for informed debate, suggests elimination of subsidies in diesel, Kero...

Sensex gains 183 pts to close at 18,763

The Sensex at the Bombay Stock Exchange jumped 183 points, or 1 percent, to end at a 15-month high of 18,763, amid a strengthening rupee, and positive global cues, today. The Nifty at the National Stock Exchange added 54 points, or 1 percent, to 5,703.Stock markets in China, Hong Kong and South Kore...

No ban on release of new LPG connections: Petro Ministry

The Petroleum Ministry has clarified that there is no ban on release of new LPG connections. The clarification has come in the wake of a media report saying that state-run oil marketing companies are imposing an indefinite countrywide ban on issuing fresh cooking gas connections following government...

Sensex climbs 200 points in afternoon trade

The Sensex at the Bombay Stock Exchange jumped 181 points, or 1 per cent, to 18,761 in opening trade, this morning, on fresh buying by investors, amid firm global markets. Later, after surging as much as 290 points at one stage, the Sensex pared its gains, but still stood a good 200 points, or 1.1 p...

Growth in country's core industries slows to 2.1 per cent in August

Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement. According to official data released today, during April-August this fiscal, the growth has slowed to 2.8...

Eight core industries grow at slow pace : Govt data

Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement. According to official data released today, during April-August this fiscal, the growth has slowed to 2.8...

Sensex trading up 260pts at 18,839

The BSE benchmark Sensex was trading 260 points up at 18,839 points a shortwhile ago. It recovered by over 181 points in early trade today after two sessions of losses.The 30-share barometer lost over 115 points in the previous two sessions.The wide-based National Stock Exchange index Nifty was also...

Rupee gains 36p at 52.66 against dollar

The rupee gained 36 paise to trade at a nearly five-month high of 52.66 against the dollar in early trade today on continued selling of the American currency by exporters and banks.The rupee had gained 49 paise yesterday

Sensex trading at 18,760 up 181 pts

The BSE benchmark Sensex recovered by over 181 points in early trade today after two sessions of losses. The 30-share barometer, which lost over 115 points in the previous two sessions, rose by 181.41 points, or 0.98 per cent, to 18,760.91.The wide-based National Stock Exchange index Nifty gained 48...