Business

August 13, 2012 12:01 PM

Rupee slips by 10 paise, trading at 55.38

The rupee failed to maintain initial gains by slipping 10 paise to 55.38 against the American currency in the late morning trade on fresh dollar demand from banks and importers.The rupee resumed higher at 55.25 a dollar against last weekend's level of 55.28 at the Interbank Foreign Exchange...

August 13, 2012 10:16 AM

Rupee up by 5 paise to 55.23 per dollar

The rupee rose by 5 paise to 55.23 against the dollar in early trade on the Interbank Foreign Exchange today as the American currency weakened against other currencies overseas.Besides, dollar selling by banks and exporters along with a higher opening in the domestic equity market on foreign funds i...

August 13, 2012 10:16 AM

Sensex recovers 22 points in early trade

Snapping a three-day losing streak, the BSE benchmark Sensex recovered by nearly 22 points in early trade today on selective buying by funds amid a firming trend in Asian regions.The 30-share barometer, which had lost over 44 points in the previous three sessions, recovered by 21.84 points, or 0.12 ...

August 12, 2012 5:13 PM

Indian businesses sustain growth despite turbulent global economy: Sibal<br/>

Union Minister of Human Resource Development, Communication and Information Technology, Kapil Sibal has said that despite a turbulent global economy, India&apos;s businesses have made strides to sustain the growth mechanism. Delivering the first convocation address of Hyderabad Campus of Birla I...

August 12, 2012 4:55 PM

Raghuram G Rajan is new CEA

The Centre has appointed former IMF chief economist and currently Chicago University professor Raghuram G Rajan as the Chief Economic Advisor in the Finance Ministry. Rajan, known for his frank views, was also honorary economic advisor to Prime Minister Manmohan Singh. He is also highly acclaimed fo...

August 12, 2012 1:59 PM

FIIs pump in Rs. 4,800 cr into Indian stock markets this month so far

Foreign Institutional Investors, FIIs have invested nearly 4,800 crore rupees into stock markets in August so far, despite country&apos;s slow economic growth and weak monsoon. According to SEBI, during August 1-10,FIIs were gross buyers of shares worth 17,544 crore rupees, while they sold equit...

August 11, 2012 7:22 PM

ONGC makes huge oil discovery off West coast<br/>

State owned Oil and Natural Gas Commission - ONGC says, it has made a huge oil discovery off the West coast. In a statement today , ONGC said the new discovery was made in the currently producing D1 oilfield. The find will catapult D1 to become the third largest field in western offshore after proli...

August 11, 2012 1:14 PM

Govt releases paper on black money

The Centre has released details of its initiatives for unearthing and curbing black money. A finance Ministry release said, as part of its efforts, the government has updated double taxation avoidance agreements with 84 countries and tax information exchange agreement with nine tax havens.The Govern...

August 11, 2012 1:05 PM

Raghuram G Rajan is new CEC

The Centre has appointed former IMF chief economist and currently Chicago University professor Raghuram G Rajan as the Chief Economic Advisor in the Finance Ministry. Rajan, known for his frank views, was also honorary economic advisor to Prime Minister Manmohan Singh. He is also highly acclaimed fo...

August 11, 2012 12:04 PM

Sharma to meet industry leaders to review IIP figures

Union Minister for Commerce and Industry Anand Sharma has decided to hold consultations with all stakeholders next week in the light of recent index of industrial production (IIP) figures and the evolving industrial situation.According to an official release, Mr. Sharma has expressed concern over th...

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