Consensus requires for decontrolling sugar industry: Govt

Rupee gains 35 paise against US dollar

The Indian rupee appreciated by 35 paise to close at 52 rupees 50 paise against US dollar. The rise was due to the fresh selling of dollars by banks and exporters due to weakness of the American currency overseas.

Indo-Myanmar Kaladan Transport Project will be completed by 2013: Govt

The Government on Wednesday said that the Kaladan Multi-Model Transit Transport Project taken up between India and Myanmar will be completed by 2013.Minister of State for External Affairs, Preneet Kaur told the Lok Sabha in a written reply that the Kadalan Multi-Model Transport Project will connect ...

LS approves Regulation of Factor bill to help MSME sector

A Bill aimed at increasing the credit flow in Micro, Small and Medium Enterprises (MSMEs) was passed by the Lok Sabha on Wednesday.The Bill provides for regulating assignment of receivables by making provision for registration and rights and obligation of parties to contract for assignment of receiv...

Railway revenue earnings up by 11.29 %

The total approximate earnings of Indian Railways during the period from 1st to 10th December 2011 , registered an increase of 11.29 per cent.An official release said that the earnings were over 2766 crore rupees during the period compared to more than 2485 crore rupees during the same period last y...

Global agency Moody's has upgraded the credit rating of Indian government's bonds from speculative to investment grade.The move could encourage Foreign Financial Institutions to increase their exposure in gilts and help companies raise funds from abroad at competitive rates.A Finan...

2 G scam: Court summons Essar promoters Anshuman, Ravi Ruia, 5 others

A Delhi Court on Wednesday issued summons to Essar group promoters Anshuman and Ravi Ruia along with five others in the 2 G scam case. The court issued the summons after taking cognizance of CBI's charge sheet following investigation in the case.Special Judge O P Saini also issued summons t...

Sensex ends up 510 points

Snapping a five-day losing streak fall, the Sensex at the Bombay Stock Exchange shot up 510 points, or 3.4 percent, to 15,685 on Wednesday, as investors picked up blue-chips at lower levels, amid a firm global trend.The Nifty at the National Stock Exchange climbed 149 points, or 3.3 percent, to 4,69...

Trade deficits widens to 3-year high

India's trade deficit stood at 117 Billion US dollars for the last eight months in 2011-12, which is the highest compared to the corresponding period in the last three years.This information was given by the Commerce Minister, Mr. Anand Sharma while replying to supplementaries during the qu...

Sensex up more than 300 pts at 15,491in afternoon trade

Maintaining the upward trend today, the Sensex at the Bombay Stock Exchange was trading more than 300 points in the positive territory in afternoon deals.The 30-share index had gained over 320 points in the first few minutes of trade today and since then trading in the green. It was trading 316 poin...