Govt may begin disinvestment process next month

The government could go for the first public offer of its 30 thousand crore rupees disinvestments programme next month. This was stated by Disinvestments Secretary Haleem Khan in New Delhi today. He was replying to a query on when the first issue would come out in the current market conditions. He, ...

Dry spell to pull growth down: Montek

The Planning Commission has said deficient monsoon is likely to pull down the economic growth in the current fiscal to about six per cent, from 6.5 per cent last year. Talking to reporters in New Delhi, Planning Commission Deputy Chairman Montek Singh Ahluwalia said in case of 12th Five-Year Plan, 2...

Increased job figures better US stocks

Shares have rallied on the world's stock markets at the end of a turbulent week following better than expected jobs figures in the United States. More new jobs were created in July than in any of the previous five months. But despite the growth in new jobs, the overall unemployment rate in ...

India and Sri Lanka have agreed to cooperate for the revival and modernisation of the textile sector in the island nation. This was stated by Union Minister of Commerce, Industry & Textiles Anand Sharma at a media interaction in Colombo today.He said India would work with Sri Lanka for reviv...

India to help Lanka to set up Engineering,Automobile components

Company Law Board stays auction of Uninor

The Company Law Board has stayed the auction of Telecom giant - Uninor. The Board said the auction process started by the telecom firm's majority owner, Telenor of Norway is very clever . The Board was hearing an application filed by Unitech, which holds a minority 32.75 per cent stake in U...

Sensex falls 26 points

The Sensex at the Bombay Stock Exchange fell 26 points, or 0.2 percent, to 17,198, on mild profit-booking by investors, today. The Nifty at the National Stock Exchange lost 12 points, or 0.2 percent, to 5,216. Stock markets in Japan, China, Hong Kong, Singapore and South Korea ended mixed.

India to set up auto & pharma SEZ in Lanka

Commerce Minister Anand Sharma said India would help establish a special economic zone (SEZ) to manufacture auto components in Trincomalee, Sri Lanka. He said the Indian Joint Task Force on the SEZ would be announced by today. He was speaking after inaugurating the India Show in Colombo today. The t...

RBI nod not required for opening RRBs branches in Tier-II cities

The Reserve Bank of India (RBI) has allowed Regional Rural Banks (RRBs) to open branches in Tier-II cities without taking its permission.A notification issued by RBI said the RRBs would be allowed to open branches in Tier-II cities with a population of 50,000 to 99,999 as per 2001 census with certai...

Sensex drops 166 points as day advances

The BSE Sensex today dropped by another 166 points in late morning trade due to persistent selling pressure from operators, mainly in metal, capital goods, realty, power and auto sectors, triggered by weak global cues. The 30-share index quoted around 17,059 points at 1015 hours.The NSE Nifty also d...