Sensex gets good start, up by 82 pts in early trade

The BSE benchmark Sensex rose further by 82 points in early trade today.The 30-share index, which had gained 244.04 points in the previous session, moved up further by 82.34 points, or 0.48 per cent, to 17,078.11 with all sectoral indices trading in the positive.The wide-based National Stock Exchang...

World economy in danger zone: IMF

The International Monetary Fund (IMF) has said the world's economy is deeply into the danger zone because of risks from the eurozone.The IMF predicts the global economy will grow by 3.25% in 2012, down from an earlier forecast of 4%.The growth forecast for the UK economy has been cut to 0.6...

Rupee ends off 10-week high

The rupee on Tuesday moved higher to sub-50 level for the first time in 10 weeks for a brief time intra-day before closing flat at 50.10 against the US dollar on alternate bouts of buying and selling.Forex traders partly attributed the early rise in the rupee to the Reserve Bank shifting its policy ...

Govt launch programme to reduce energy consumption of major industries

The Government is planning to launch a "Performance Achieve Trade" programme to reduce energy consumption of major industries.Speaking at the National conference on demand side management in the capital on Tuesday, power Secretary Mr. P.Uma Shankar said that the programme would hel...

Japan's central bank downgrades its economic forecast for current fiscal

Japan's central bank on Tuesday downgraded its economic forecast for the current fiscal year, saying the world's third largest economy will likely shrink by four-tenths-of-one-percent because of the global economic downturn.The Bank of Japan had earlier predicted the country&ap...

Over 200 lakh tones of rice procured so far in current Kharif<br/>

Sensex jumps 280 points, goes past 17,000

The Sensex at the Bombay Stock Exchange rallied 186 points in late morning trade, today, soon after the Reserve Bank announced a cut in the Cash Reserve Ratio in its monetary policy review. All the sectoral indices were trading in the green, with the banking index the biggest gainer. Later, in the a...

9 per cent growth target in 12th Plan: Montek

The Planning Commission Deputy Chairman Dr. Montek Singh Ahluwalia says the country is aiming to achieve a growth rate of nine per cent during the 12th Five Year Plan.Speaking at a Seminar on the Approach to the 12th Plan in Kochi, Dr. Ahluwalia said the focus of the plan period is to achieve a much...

50 bps cut in CRR will boost growth, says Gopalan

The Economic Affairs Secretary R Gopalan has said that the RBI&apos;s decision to cut cash reserve ratio (CRR) by half a percentage point will boost the economic growth by increasing liquidity in the system and reducing cost of fund.Talking to reporters in New Delhi today, he said the third quar...

Sensex takes 250 pts jump to go past 17,000

The BSE benchmark Sensex gained 258 points to trade at 17010 in afternoon deals when reports last came in. Earlier, Sensex rose by 83 points in early trade today on selective buying by funds as well as retail investors ahead of Reserve Bank of India&apos;s monetary policy review later in the day...