Iran urges OPEC to cut oil production

Industrial growth slumps to 1.9 per cent in September

Industrial growth has slumped to 1.9 per cent in September from 6.1 per cent in the same month last year. According to the official data released by the Ministry of Statistics and Programme Implementation, the decline was due to the poor performance of Electrical machinery and apparatus which regist...

Kingfisher cites reconfiguration of planes for not flying: DGCA

The Directorate General of Civil Aviation has said that Kingfisher Airlines has assured it, that at any given point of time, not more than three of their aircraft would be out of use, and maintained the government is keeping an eye on whether airlines were using their slots. Pointing out that Kingfi...

Industrial production slump discouraging: Pranab

Finance Minister Pranab Mukherjee termed industrial production slumping to a two-year low of 1.9 per cent in September as discouraging. Talking to reporters at Murshidabad in West Bengal after the inauguration of SBI's 1011th branch, he said it may have an impact on overall economic growth....

Indirect tax mop-up jumps 18.5%; CBEC hopeful to meet target

The indirect tax collections have gone up by 18.5 pc to Rs 2.21 lakh crore in the first seven months of 2011-12, prompting the CBEC to assert that it would meet the target of garnering Rs 4 lakh crore this fiscal.The excise, custom and service tax collections were Rs 2,21,462 crore during April-Octo...

Crude oil prices heads south in Asian trade

Crude oil prices headed down in Asian trade today as traders took profits from a heady overnight rally sparked by positive economic data from the US, Europe and China. New York's main contract, light sweet crude for delivery in December, retreated 23 cents to 97.55 dollar per barrel. Brent ...

Admitting that high interest rate is hurting economy, the Reserve Bank today said the country's growth rate is likely to moderate to 7.5-7.6 per cent this fiscal. RBI Deputy Governor Subir Gokarn told reporters in New Delhi that slowdown in economy are impacting the overall investment scena...

Sensex down by 169 points

Falling for the second straight session, the Sensex at the Bombay Stock Exchange dropped 169 points, or 1 percent, to 17,193, today, on concerns over sluggish corporate earnings, and weak industrial growth. The Nifty at the National Stock Exchange fell 52 points, or 1 percent, to 5,169.But stock mar...

Industrial growth slumps to 1.9 per cent in September

Industrial growth has slumped to 1.9 per cent in September from 6.1 per cent in the same month last year.According to the official data released by the Ministry of Statistics and Programme Implementation, the decline was due to the poor performance of Electrical machinery and apparatus which registe...

Crude oil prices heads south in Asian trade

Crude oil prices headed down in Asian trade today as traders took profits from a heady overnight rally sparked by positive economic data from the US, Europe and China. New York's main contract, light sweet crude for delivery in December, retreated 23 cents to 97.55 dollar per barrel. Brent ...