Govt to offload 5 per cent stake in ONGC

The government has decided to offload 5 per cent stake in the state-owned company Oil and Natural Gas Corporation- ONGC through the auction route on the 1st of next month. It may fetch the exchequer about 12,000 crore rupees. Petroleum Minister Jaipal Reddy said this while talking to reporters after...

India's economic growth rate slipped to 6.1 per cent in the third quarter this fiscal, lowest in more than 2 years. This fall was due to poor performance of the manufacturing, mining and farm sectors. As per the latest data released by the government today, the Gross domestic product, GDP g...

India's economic growth slips to 6.1 per cent in Q-3

India's economic growth rate slipped to 6.1 per cent in the third quarter this fiscal, lowest in more than 2 years. This fall was due to poor performance of the manufacturing, mining and farm sectors. As per the latest data released by the government today, the Gross domestic product, GDP g...

4G spectrum auctions by end of 2012: Sibal

Telecom Minister Kapil Sibal has said that India is looking at holding spectrum auctions for the fourth generation, 4G mobile services by the end of this year. While speaking at the India Day function, organised by the department of telecommunications, at the Mobile World Congress in Barcelona, Spai...

Sensex trades positive after marginal loss<br/>

The Sensex at the Bombay Stock Exchange, which rose by over 250 points in early trade today, lost some ground in the late morning deals and was trading 159 points in the positive territory at 17,890. The 30-share index extended its gains for the second straight day today, with the Sensex surging 269...

Rupee appreciates 24 paise to Rs 48.83 against US dollar

The rupee appreciated by 24 paise to 48.83 rupees against dollar in the late morning trade today. The rise was attributed to persistent selling of dollars by banks and exporters, in view of sustained foreign capital inflows, amidst weakness of dollar in overseas market. The domestic currency had clo...

Afghanistan identifies seven items for export

Crude rebounds amid concerns of Iran nuclear porogramme

Oil prices rebounded in Asian trade today as concerns over crude producer Iran&apos;s nuclear programme crept back into the market.New York&apos;s main contract, light sweet crude for delivery in April, gained 28 cents to 106.83 dollars, while Brent North Sea crude for April delivery was up ...

Rupee firms 16 paise against US dollar

The rupee gained 16 paise to 48.91 rupees against dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.The rupee had closed 15 paise higher at 49.08 rupees over its previous close against the dollar yesterday on fresh dollar selling by exporters amid...

Sensex surges 269 points in early trade

The BSE benchmark Sensex extended gains for the second straight day by rising over 269 points in early trade today on buying by funds and retail investors, tracking a firming global trend.The wide-based National Stock Exchange index Nifty moved up by 81.25 points to 5,456.75.In Asia, Hong Kong&a...