TRAI approves processing fee hike for mobile recharge coupons

Telecom regulator TRAI has approved hike in processing fee for all mobile recharge coupons or top-up vouchers priced above 20 rupees but has left it unchanged for the vouchers below that.Trai cleared the increase of 50 per cent in the charge through an amendment made to the Telecom Tariff Order, TTO...

BSNL increases minimum broadband download speed to 512 Kbps

State-run telecom operator BSNL today said it has increased the minimum broadband download speed to 512 Kbps from 256 Kbps for most of its existing wire-line customers at current tariffs. BSNL said in a statement that wire-line broadband has over 64 per cent market share with more than 8.5 million c...

Airlines can raise up to USD 1 billion for working capital: Govt

With a view to alleviate immediate financing concerns of the Civil Aviation sector, The Centre today said that it will allow them to raise even working capital resources through external commercial borrowings ,ECB route. The Finance Ministry in its statement has said that the ECB made under this pro...

The country's exports grew 21 per cent, to 303.7 billion dollars in the 2011-12 fiscal year, compared to the previous fiscal. Imports shot up 32.1 per cent, to 488.6 billion dollars, leaving a trade deficit of 184.9 billion dollars, Commerce Secretary Rahul Khullar said in New Delhi, today....

Sensex gains 111 points on sustained buying

Extending its gains for the fourth straight session, the Sensex at the Bombay Stock Exchange rose 111 points, or 0.6 percent, to 17,504, on sustained buying by investors, amid firm European markets, today. The Sensex had gained nearly 300 points in the previous three trading sessions. The Nifty at t...

Country's exports grew by 21 per cent to 303.7 billion dollar in 2011-12 over the previous fiscal, while imports shot up by 32.1 per cent. Commerce Secretary Rahul Khullar said in New Delhi today, imports reached 488.6 billion dollar, leaving a trade deficit of 184.9 billion dollar.He said,...

Sensex gains 96 points in noon trade

The Sensex at the Bombay Stock Exchange rose 53 points, or 0.3 per cent, to 17,446 in opening trade, this morning, on sustained buying by funds and retail investors. Later, after slipping into the red, the Sensex again recovered, to stand a good 96 points, or 0.6 per cent in positive territory, at 1...

Sensex gains 10 points in noon trade

The BSE benchmark Sensex which rose by 53 points in early trade today trimmed its initial gain in noon trade and was up 10 points at 17, 403 a short while ago. The wide-based National Stock Exchange index Nifty which moved up by 16 was trading up 4 points at 5,304. In the Asian region, the Hong Kong...

Oil up in Asian trade

Oil edged higher in Asian trade today. New York's main contract, crude for delivery in May was up four cents to 102.71 dollar per barrel while Brent North Sea crude for June gained 38 cents to 118.35 dollar in morning trade.

Rupee down by 12 paise against dollar<br/>

The rupee depreciated by 12 paise to 51.90 rupees against the American currency on the Interbank Foreign Exchange in early trade today. Forex dealers said, besides dollar&apos;s gains against other Asian currencies, increased demand for the American currency from importers also put pressure on t...