Business

July 18, 2011 11:30 AM

Gold prices soared by 0.23 per cent to Rs 23,125 per 10 grams in futures trade

Gold prices soared by 0.23 per cent to Rs 23,125 per 10 grams in futures trade on Monday. At the Multi Commodity Exchange, gold for delivery in the month of August gained Rs 54, or 0.23 per cent, to Rs 23,125 per 10 grams, with a business turnover of 296 lots. It had ended 0.34 per cent higher at Rs...

July 18, 2011 10:58 AM

Rupee falls 3 paise against US dollar in early trade

The Indian rupee lost 3 paise to Rs 44.54 per US dollar in early trade on the Interbank Foreign Exchange on Monday. The rupee had lost 2 paise to close at Rs 44.52 against the US dollar in the previous session on Friday.

July 18, 2011 10:02 AM

Sensex looses over 37 points in opening trade

The BSE benchmark Sensex lost over 37 points in opening trade on Monday as funds and retail investors adopted a cautious wait-and-watch strategy in the absence of positive cues. The 30-share barometer, which fell by 56.28 points in the previous session, moved down further by 37 points, or 0.20 per c...

July 16, 2011 6:01 PM

Exports may not sustain growth rate of 40-45%:Govt

The government has cautioned that the country's exports may not sustain the growth rate of 40 to 45 per cent in the coming months due to the uncertain economic conditions in the western markets. Addressing a Business Chamber function in New Delhi today, Commerce Secretary Rahul Khullar said...

July 16, 2011 4:26 PM

Pranab asks CBDT,CBEC to increase tax collection by 10%

The Finance Minister Pranab Mukerjee today asked the CBDT and the CBEC to increase tax collection targets by 10 per cent for the current fiscal. Talking to Media persons after a meeting with the CBDT and CBEC officials in Kolkata, Mr. Mukherjee said, the reason for raising the targets is demand on t...

July 16, 2011 2:07 PM

Govt lifts ban on wheat exports

The government has decided to lift the over four-year-old ban on wheat exports, even as shipment of the grain is not viable at current global prices. This was disclosed by Agriculture Minister Sharad Pawar to reporters on the sidelines of an ICAR function in New Delhi. The government had banned whea...

July 16, 2011 1:21 PM

Govt raises export price of onion by $30

The government today raised the export price of onion by 30 US dollar per tonne to 230 US dollar a tonne. The decision to this effect was taken to discourage shipment of the kitchen staple outside the country.According to Directorate General of Foreign Trade -DGFT, however, the Minimum Export Price ...

July 16, 2011 12:10 PM

Paddy up marginally; dip in pulses, cotton

The paddy cultivation in the country has increased to 115.36 lakh hectares this year so far. It is nearly one per cent more than last year. An official statement says, the acreage of pulses and cotton has gone down. Paddy, the main kharif crop, was grown in 114.85 lakh hectares area till July 15 las...

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