Business

August 19, 2011 7:45 PM

New national manufacturing policy soon: Anand Sharma

The Government will bring soon a new national manufacturing policy. It envisages creation of mega industrial zones with world-class infrastructure facilities. Commerce and Industry Minister Anand Sharma said at a function in New Delhi today, the a note to this effect has been sent to the Cabinet. He...

August 19, 2011 7:45 PM

Govt moves Custom Amendment & Validation Bill 2011 in Lok Sabha

The government moved Customs (Amendment and Validation) Bill 2011 in Lok Sabha on Friday. The bill aims at amending the clause 34, section 2 of the Act with retrospective effect. It will enable the officers of Customs (Preventive) and officers of Revenue Intelligence to act as a competent authority ...

August 19, 2011 6:56 PM

Centre proposes to introduce GST by 2012: Sushil Modi

The Chairman of Empowered Committee of State Finance Ministers, Sushil Modi, today said the Centre will have to adopt a flexible approach to ensure timely implementation of the Good and Services Tax.He told reporters after the meeting of state finance ministers that Centre proposes to introduce Good...

August 19, 2011 5:43 PM

Gold on new high of 28,150 rupees per ten grams

Gold posted its biggest-ever single day gain of 1,310 rupees, to hit yet another all-time high of 28,150 rupees per ten grams at Delhi's bullion market, today, on frantic buying triggered by strong demand in the global markets. Silver surged 1,500 rupees, to 62,800 rupees per kilo.In London...

August 19, 2011 5:42 PM

Sensex down by 328 points in closing trade

The Sensex at the Bombay Stock Exchange plunged 328 points, or 2 percent, to 16,142, today, on heavy selling by investors, amid a sell-off in the global stock markets, on fears of a worldwide economic slowdown.During the session, the Sensex had slipped below the 16,000 level for the first time in ne...

August 19, 2011 2:32 PM

Sensex tumbles 413 points in afternoon trade

Deepening worries of a global economic slowdown, and a big fall in the global bourses dragged the Sensex at the Bombay Stock Exchange down a hefty 351 points in opening trade, to 16,118 on Friday morning. Later, the market remained bearish, and the Sensex stood a huge 413 points or 2.5 percent in ne...

August 19, 2011 2:26 PM

Sensex tumbles 440 points in afternoon trade

Deepening worries of a global economic slowdown, and a big fall in the global bourses dragged the Sensex at the Bombay Stock Exchange down a hefy 351 points in opening trade, to 16,118 on Friday morning. Later, the market remained very bearish, and the Sensex stood a huge 440 points or 2.7 percent i...

August 19, 2011 1:42 PM

Oil prices falls in global market

Oil prices fell on Friday, extending the previous session's plunge, on renewed fears of weak demand following a slew of lackluster data from the world's top oil consumer, the United States. Brent slipped to as low as 106.05 dollar, after breaking below the 200-day moving average to...

August 19, 2011 1:41 PM

Sensex tumbles 399 points in afternoon trade

Deepening worries of a global economic slowdown, and a big fall in the global bourses dragged the Sensex at the Bombay Stock Exchange down a hefty 351 points in opening trade, to 16,118 on Friday morning. Later, the market remained bearish, and the Sensex stood a huge 399 points or 2.4 percent in ne...

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