Rupee declines 48 paise against Dollar

The Indian rupee depreciated by 48 paise to 53.18 rupees per US dollar in early trade today. It closed at 52.70 rupees against the green back in the previous session on Friday. Dealers said the weakening of rupee is due to weakness of the euro and other Asian currencies against the dollar overseas a...

Sensex down by 208 pts in opening trade

The Bombay Stocks Exchange benchmark Sensex lost 208 points in opening trade today. It was trading at 15,227 down by over 264 points a short while ago.Brokers said the sensex fell due to concerns over slowing industrial growth amid a weakening trend on other Asian bourses and persisting worries abou...

Rupee declines 36 paise against $ in early trade

The Indian rupee depreciated by 36 paise to 53.06 rupees per US dollar in early trade today. It had closed at 52.70 rupees against the green back in the previous session on Friday. Dealers said the weakening of rupee is due to weakness of the euro and other Asian currencies against the dollar overse...

Sensex down by 208 pts in opening trade

The Bombay Stocks Exchange benchmark Sensex lost 208 points in opening trade a today. It was trading at 15,288 down by over 202 points in the opening trade. Brokers said the Sensex fell due to concerns over slowing industrial growth amid a weakening trend on other Asian bourses and persisting worrie...

CAG pulls up IT Dept for non-recovery of <img src="rs.png" height="10" border="0"> 4500 cr tax dues

The Comptroller and Auditor General of India has pulled up the Income Tax Department for not recovering tax arrears worth over 4,500 crore rupees from various entities in past one year.In its latest report tabled in Parliament, the government auditor has said that over one lakh and fifty thousand ca...

Headline inflation likely to moderate to 6-7 percent by March, says Pranab

Headline inflation likely to moderate to 6-7 percent by March, says Pranab

Finance Minister Pranab Mukherjee has said headline inflation in the country remains perilously close to double digits but is expected to moderate to 6-7 per cent by March if the present declining trend continues. He was speaking at a press conference in Bangalore on Sunday after meeting with the ch...

Tea industry's annual turnover to reach Rs 33K crore by 2015

The total turnover of the tea industry in the country is likely to touch Rs 33,000 crore by 2015 .A press release issued by The Associated Chambers of Commerce and Industry of India, ASSOCHAM, in Guwahati today said that the industry has at present turnover of Rs 19,500 crore.

FM to review credit offtake

Finance Minister Pranab Mukherjee will review credit offtake and farm sector lending at a meeting with Chief Ministers and heads of public sector banks and financial institutions in the southern region in Bangalore on Sunday.According to official sources in New Delhi, the meeting would discuss the p...

Rupee gains 94 paise against USD

A day after the RBI&apos;s swift move to stem the fall of rupee, the domestic currency notched up a smart gain of 94 paise settle the day at 52 rupees 71 paise against the dollar on fresh selling of the US currency.In early trade, the rupee shot up by a whopping 143 paise to 52 rupees 21 paise a...