Centre clears 16 FDI proposals

The government has cleared 16 foreign direct investment (FDI) proposals amounting to over 923 crore rupees. A Finance Ministry statement said in New Delhi today, a total of 38 FDI proposals were taken up by the Foreign Investment Promotion Board.The board deferred a decision on 14 applications, reje...

India and Netherlands ink a pact on corporate governance. The Corporate Affairs Ministry has signed an agreement with the Dutch Economic Affairs, Agriculture and Innovation Ministry on corporate governance and corporate social responsibility. An official release said that the agreement will intensif...

Sensex gains 76 pts in closing trade

Rising for the second straight session, the Sensex at the Bombay Stock Exchange gained 76 points to close at 18,496, amid positive European markets, today. The Nifty at the National Stock Exchange rose 24 points to 5,556.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed...

Rice production expected to cross 90 million tonnes

The rice production in the country is expected to cross 90 million tonnes in this khariff season. This was revealed by Union Minister of State for Food Processing Industries Harish Rawat on the sidelines of a function in New Delhi today. Mr Rawat said that the good monsoon and dedicated efforts of t...

IATA further downgrades its 2011 airline industry profit forecast

The International Air Transport Association, IATA, has further downgraded its 2011 airline industry profit forecast to 4 billion dollars.This would be a 54 per cent less compared to the 8.6 billion dollar profit forecast in March. IATA's DirectorGeneral and CEO, Giovanni Bisignani said that...

BSE Sensex stands 74 points in positive in afternoon trade

Recovering from its initial losses, the Sensex at the Bombay Stock Exchange stood 74 points, or 0.4 percent in the positive zone, at 18,494 in afternoon trade, a short while ago. The Sensex rebounded, after most of the key Asian bourses moved up from their intra-day lows. Earlier in the morning, how...

Net direct tax collection during first two months of current fiscal falls

The net direct tax collection during the first two months of the current fiscal fell by around 48 per cent. Finance ministry in a statement said net direct tax collections, gross collections minus refunds, were down by 47.93 per cent at 12,954 crore rupees during the first two months of the current ...

Oil price falls in Asian trade today

Oil was down in Asian trade today amid speculation that OPEC may boost crude supplies despite faltering energy demand. New York's main contract, light sweet crude for July delivery, lost 52 cents to 98 dollars and 49 cents a barrel. Brent North Sea crude for July delivery dipped 41 cents to...

BSE Sensex trading in red

The Sensex which opened in red today recovered some of its ground to trade in red again. It was trading at 18,420 points, down by half a point a short while ago. The 30-share barometer fell to 18,351 in the first few minutes of trade as auto, FMCG, capital goods and banking stocks retreated.Meanwhil...

Rupee falls seven paise against US dollar in early trade

The Indian rupee dropped by 7 paise to 44 rupees 83 paise against the US dollar in early trade today. This followed fresh demand for the American currency from banks and importers on the back of a rise in dollar value in overseas market. The Indian rupee resumed lower at 44 rupees 80 paise per dolla...