Inflation rises to 8.98 pc in March

High prices of vegetables and manufactured items pushed up headline inflation in March to 8.98 per cent, way above the RBI's expectation of 8 per cent. The overall inflation measured on the basis of Wholesale Price Index was 8.31 per cent in February. As per official data released today, th...

Associated Chambers of Commerce and Industry (Assocham) has said it expects the Indian pharmaceutical industry to reach USD 20 billion by 2015, making it one of the world's top 10 pharmaceuticals markets.Also, India's clinical trials business is expected to reach approximately USD ...

Sensex down 266 points in afternoon trade

Heavy selling in IT stocks dragged the Sensex at the Bombay Stock Exchange down 160 points, or 0.8 per cent, to 19,537, in early trade, on Friday morning, after IT bellwether, Infosys reported a lower-than-expected 14 per cent increase in its fourth quarter net profit. After plunging more than 330 p...

Indian pharma industry to reach USD 20 bn by 2015: Assocham

Associated Chambers of Commerce and Industry (Assocham) has said it expects the Indian pharmaceutical industry to reach USD 20 billion by 2015, making it one of the world's top 10 pharmaceuticals markets.Also, India's clinical trials business is expected to reach approximately USD ...

Sensex plunges over 186 points in early trade

The Sensex at the Bombay Stock Exchange plunged over 186 points in early trade and was trading 0.95 percent down at 19556 points a short while ago. Similarly, the NIFTY at the National Stock Exchange traded 49 points down at 5861.

India may harvest record cotton this year

India is likely to achieve a record cotton output in the 2011-12 season. The US Department of Agriculture has estimated it at 35 million bales as farmers are expected to put more area under the crop buoyed by higher prices.Cotton production of India, the world's second biggest cotton produc...

Ramesh puts on hold forest clearance to Posco

Environment Minister Jairam Ramesh has put on hold forest clearance to the Posco project in Odisha. He has rejected Orissa government's assurance that there are no tribals in the area, where the 52,000 crore rupee steel-cum-captive power plant is to come up. Ramesh cited the letter from mem...

BP faces share holders at annual general meeting in London

Executives from the Oil company BP face share holders at their annual general meeting in London on Thursday. The meeting comes almost a year after an explosion on one of its oil rigs in the Gulf of Mexico in which 11 people were killed and led to a massive oil spill. Reports say that BP is under fir...

World Bank, enforcement authorities vow to step up efforts against corruption

The World Bank and enforcement authorities from around the globe have vowed to step up their efforts against corruption. World Bank President Robert Zoellick said at the launch of a joint declaration in Washington, corruption steals from the poor, undermines fair competition, distorts resource alloc...

Wheat procurement declines by 75% so far this year

Wheat procurement has declined by 75 per cent to 13.04 lakh tonnes so far this year as arrivals are yet to pick up in Haryana and Punjab. Procurement from these two states made up for nearly three-fourth of the central pool last year which stood at 51.2 lakh tonnes Procurement in Haryana and Punjab,...