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July 8, 2011 2:59 PM
The country will soon have a benefit-sharing mechanism for those affected by mining project. The new Mining Bill approved by ten- member group of Ministers headed by the Finance Minister Mr. Pranab Mukherjee says that Coal companies will have to share 26 percent profit with the local population. In ...
July 8, 2011 1:56 PM
State Bank of India, SBI, has raised its base rates by 0.25 per cent to 9.5 per cent. SBI's move to raise rates comes on the back of ICICI Bank raising rates by the same percentage last week. SBI has also hiked the savings deposit rate by 1 per cent across all deposits giving some relief to...
July 8, 2011 1:36 PM
Country's exports registered a robust growth of 46.4 per cent in June to 29.2 billion US dollar on account of increasing demand in Western markets. Speaking to reporters in New Delhi, Commerce Secretary Rahul Khullar said, imports, too, grew at a high rate of 42.4 per cent to 36.9 billion U...
July 8, 2011 1:36 PM
The Sensex at the Bombay Stock Exchange gained 53 points, or 0.3 per cent, to 19,132 in opening trade, this morning, on renewed buying by investors, amid positive regional bourses. But the Sensex later surrendered all its initial gains, on profit-booking after a recent strong rally, and stood a mode...
July 8, 2011 12:03 PM
The Indian rupee appreciated by 13 paise to 44 Rupees 30 paise against the US dollar in early trade. The local currency resumed higher at 44.30 rupees per dollar as against the previous session's close of 44.43 rupees. It hovered in a range between 44.30 and 44.38 rupees in morning deals.
July 8, 2011 12:02 PM
A Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee has approved a new Mining Bill with 26 per cent profit-sharing mechanism for the Coal sector. It means Coal companies will have to share 26 per cent profit with the local population. The new mining bill which was approved by the ...
July 8, 2011 11:36 AM
Oil was mixed in Asian trade today. New York's main contract, West Texas Intermediate for August delivery, rose six cents to USD 98.73 a barrel, while Brent North Sea crude for August was down 41 cents to USD 118.18.
July 8, 2011 10:22 AM
The Indian rupee strengthened by 10 paise to Rs 44.33 against the US dollar in early trade. The rupee had gained 5 paise to close at Rs 44.43 per US dollar in the previous session.
July 8, 2011 10:22 AM
The Bombay Stock Exchange benchmark Sensex which gained 351 points in Thursday's trade, moved up further by 53 points, or 0.27 per cent, to 19,131 in opening trade. The wide-based National Stock Exchange Nifty index also gained 11 points, or 0.19 per cent, to 5,740.Japan's Nikkei i...
July 8, 2011 8:52 AM
The annual performance of public sector banks and financial institutions will be reviewed by the Finance Minister Pranab Mukherjee in a meeting with their heads in New Delhi today. An official statement said that Mr Mukherjee will also review the flow of agriculture credit, micro, small and medium e...
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