Business

August 11, 2012 10:47 AM

Make tea national drink: Panel to Commerce Dept

A Parliamentary Panel has suggested to the Department of Commerce to consider declaring tea as the national drink and accord due prominence in promoting it to boost earnings from its export. The Panel headed by Shanta Kumar said in its report after interacting with stakeholders in tea and coffee gro...

August 11, 2012 10:42 AM

Drought-hit US loses major corn crop

According to US official figures, the worst draught in 50 years and record high temperatures has caused more damage to the corn crop than expected. One sixth of this year's crop has been destroyed in the past one month because of the hot dry weather. According to US Department of Agricultur...

August 10, 2012 7:02 PM

Anand Sharma to meet industry leaders soon to review IIP figures

The Union Minister for Commerce and Industry, Mr 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 o...

August 10, 2012 6:22 PM

Sensex ends flat amid caution over corporate earnings

The Sensex at the Bombay Stock Exchange fell just 3 points, to 17,558 on Friday, amid investor caution over corporate earnings.The Nifty at the National Stock Exchange also lost 3 points, to 5,320.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.

August 10, 2012 5:02 PM

Parl Panel suggests to declare tea as the national drink

A Parliamentary panel has suggested the department of Commerce to consider declaring tea as the national drink and accord due prominence in promoting it to boost export revenues.The panel headed by Mr Shanta Kumar said in its report after interacting with stakeholders in tea and coffee growing areas...

August 10, 2012 1:09 PM

Sensex falls third day in row; Rupee down at 55.43/dollar<br/>

The BSE Sensex fell 47 points to 17,512 in afternoon deals today. Earlier, Sensex fell for the third day in a row and lost over 33 points in the opening trade today.Similarly, the wide-based National Stock Exchange Nifty declined by 14 points, to 5,308. The rupee lost 16 paise to 55.43 against the U...

August 10, 2012 12:45 PM

China trade growth plunges in new sign of weakness

China&apos;s latest monthly figures on trade growth have seen an unexpectedly sharp decline in what is being seen as a further sign of the weakness of the world economy. Chinese exports in the month of July rose just one per cent, down from June&apos;s 11.3 per cent growth rate and well belo...

August 10, 2012 12:12 PM

Sensex falls third day in row; Rupee down at 55.43/dollar<br/>

Amid a weak trend in Asian region and disappointing industrial production data for June, the BSE Sensex fell for the third day in a row and lost over 33 points in early trade today. The 30-share barometer, which has lost nearly 41 points in the last two sessions, declined by over 33 points, to nearl...

August 10, 2012 11:56 AM

Sensex fells third day in row; Rupee down at 55.43/dollar

Amid a weak trend in Asian region and disappointing industrial production data for June, the BSE Sensex fell for the third day in a row and lost over 33 points in early trade today. The 30-share barometer, which has lost nearly 41 points in the last two sessions, declined by over 33 points, to nearl...

August 10, 2012 9:55 AM

CLB stops Uninor from auctioning assets

The Company Law Board, CLB has stopped auction of Telenor-controlled joint venture Uninor. CLB said it was a complete breach of shareholding agreement by the Norwegian telecom giant with its minority partner Unitech.Uninor had on Ist August invited potential bidders to express interest by August 6 t...

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