Rupee down 13 paise to 52.84 against dollar

The rupee fell by 13 paise to 52 rupees 84 paise per dollar in early trade today.The domestic currency had notched up a gain of 27 paise to close at a nearly two-week high of 52.72 rupees against the dollar in the previous session on Friday amid fresh dollar-selling by exporters.

Sensex declined 90 pts to 15,758 in opening trade

The Sensex fell by over 90 points in opening trade today.The 30-share BSE benchmark index, which lost 18.93 points in the previous session, fell further by 90.19 points, or 0.57 per cent, to 15,758.61 in opening trade today. In a similar fashion, the wide-based National Stock Exchange Nifty index de...

India will return to a sustained growth path of 9-10 per cent: PM

The Prime Minister Dr. Manmohan Singh has expressed confidence that despite constrains India will return to a sustained growth path of 9 to 10 per cent.Addressing his Global Advisory Council for Overseas Indians in Jaipur today, he noted that growth centres may have to shift to Asia Pacific and assu...

Pressure on rupee to continue; Current fiscal growth likely to be less than 7.5 per cent: Pranab

Finance Minister Pranab Mukherjee has warned that pressure on the rupee will continue and growth in the current fiscal is likely to be less than the earlier estimate of 7.5 per cent. Addressing a function at Mumbai yesterday, he said, rupee depreciation is largely driven by global factors and the pr...

Indian economy to grow by 7 per cent: PM

The Prime Minister Dr. Manmohan Singh has said Indian economy is expected to grow by 7 per cent this financial year despite the adverse impact of global economic slowdown. Inaugurating the 10th Pravasi Bhartiya Divas in Jaipur today, Dr. Singh said, steps taken to control inflation are producing res...

Need to explore new sectors for investments, says FM

Finance Minister has said that there is a need to explore new sectors for investments. Addressing a plenary session during 10th Pravasi Bharatiya Divas at Jaipur he said that oversees Indians could play their role in it. Mr. Pranab Mukharjee said that NRIs can give their ideas along with investments...

Pranab inaugurates new note printing line

Finance Minister Pranab Mukherjee today inaugurated the New Bank Note Printing Line in Bank Note Press at Dewas in Madhya Pradesh. State Chief Minister Shivraj Singh Chouhan was also present on the occasion.The New Bank Note Printing Line has higher speed and accuracy that enhance productivity. It a...

Sensex falls 19 points in special trading

The Sensex at the Bombay Stock Exchange fell 19 points, or 0.1 percent, to 15,849, in the special trading session today as investors resorted to mild profit-booking.The Nifty at the National Stock Exchange fell 7 points, or 0.2 percent, to 4,747. The stock market was open for 90 minutes for special ...

Doing best possible to promote MSME in N-E: Montek

The Government today said that it is making all efforts to boost micro and medium enterprises in the North Eastern states. Deputy Chairman of the Planning Commission Montek Singh Ahluwalia is convening a meeting with the stakeholders in this regard.Home Minister P Chidambaram on Friday said that mos...

Finance Minister Pranab Mukherjee held discussions on ways to step up revenue collection for 2011-12 with top officials of Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT) in Chennai.An official release said the meeting discussed steps for augmentation for revenue ...