Fin Min confident about meeting Rs30,000cr disinvestment target; says steps to revitalize economy soon

Finance Minister P. Chidambaram has expressed confidence that the government will meet 30,000 crore rupees disinvestment target for this fiscal. Talking to reporters in New Delhi yesterday, he said that raising adequate funds from disinvestment is necessary to keep in check the fiscal deficit, which...

Veggie prices push inflation to double digits

Soaring vegetable prices pushed up the retail inflation to double digits at 10.03 per cent in August, up from 9.86 per cent in the previous month. According to the Consumer Price Index (CPI) data released today, the highest rise in prices was for vegetables which recorded an increase of 20.79 per ce...

Sensex trading 21pts down at 18,521

The Sensex at the Bombay Stock Exchange was trading 21 points in negative territory at 18,521 a short while ago. Earlier the BSE benchmark Sensex fell by over 61 points in early trade today as funds and retail investors indulged in profit-booking at prevailing higher levels amid weak trend in Asian ...

Crude prices rebound in Asia

Crude prices rebounded in Asia today as traders moved in following a plunge in New York. New York's main contract, West Texas Intermediate for delivery in October, gained 46 cents to 97.08 dollars a barrel and Brent North Sea crude for November added 31 cents to 114.10 dollars.

Rupee declines 27p to 54.28 against dollar

Rupee declined by 27 paise to 54 rupees 28 paise against the US dollar in early trade today on strengthening of theAmerican currency overseas.Forex dealers said besides dollar's gains against euro in the overseas markets, a weak opening in the stock market also put pressure on the domestic ...

Sensex falls 61pts in early trade

The BSE benchmark Sensex fell by over 61 points in early trade today as funds and retail investors indulged in profit-booking at prevailing higher levels amid weak trend in Asian markets. The 30-share index fell by 61 points, to 18,480 with stocks of metal, auto and banking sectors leading the fall....

FDI in multi-brand retail will create jobs: Mos Narayansamy<br/>

Union Minister of State in PMO, V. Narayanaswamy said that Vast job opportunities will be generated by the centre&apos;s decision to allow 51 per cent foreign direct investment in multi brand retail trade. Talking to reports in Chennai yesterday he said that farmers will be benefited directly av...

US futures broker group founder admits to fraud totalling over $100 mn

The founder of US futures broker Peregrine Financial Group has pleaded guilty to a fraud involving 24,000 customers in the US state of Iowa. The embezzlement, totalling over 100 million dollars began about 20 years ago. Russell Wasendorf Sr, who is 64, was once regarded as a noble figure who support...

RBI's move is supportive of what govt. is doing:FM

Finance Minister P. Chidambaram has said RBI&apos;s move is supportive of what the government is doing. He, however, called it small but a welcome step and expressed hope that RBI will take more positive steps in it next quarterly review in October this year to consolidate economy.The Minister s...

RBI Cuts Cash Reserve Ratio by 25 points