Business

April 1, 2011 1:34 PM

GAIL launches integrated gas management system

Gas utility GAIL India said it has launched Asia's first integrated gas management system to track all information on transmission and distribution of natural gas in the country. The SAP (application)-based Gas Management System, third of its kind in the world after Petrobras in Brazil and ...

April 1, 2011 1:20 PM

Exports up by over 31 % during April to Feb 2010-11

The country's Exports grew by over 31 percent during the period April to February 2010-11 compared to the corresponding period last year. The imports during the same period registered an increase of 18 percent. According to the latest statistics of Commerce Ministry, the total exports for t...

April 1, 2011 1:20 PM

Sensex down by 11 pts

The BSE benchmark Sensex lost it early gains today and was down by 11 points at 19430 a short while ago. Earlier it opened by 117 points or 0.60 per cent higher in the morning trade extending its gains for the ninth session in a row on the back of steady capital inflows from foreign funds and easing...

April 1, 2011 9:34 AM

Market share of MSMEs needs to be enhanced for inclusive growth & dev

265 clusters of Micro, Small and Medium Enterprises (MSMEs), have been completed in this fiscal. Under this scheme government provides credit, technology upgradation, capital subsidy and other facilities to SME industries. In an exclusive interview to AIR correspondent Vijay Raina the MSME Minister ...

March 31, 2011 6:39 PM

BSE Sensex rise 155 pts

Continuing its upward march for the eighth straight session, the Sensex at the Bombay Stock Exchange rose 155 points, or 0.8 percent, to 19,445, today, on continued FII inflows, easing inflation, and positive Asian markets. This is the longest winning streak for the Sensex since April, last year. Th...

March 31, 2011 6:36 PM

Govt announces flexibility for Indian companies to raise overseas capital

In a major policy reform, the government today announced flexibility for Indian companies to raise overseas capital. Under the new norms, Indian companies have been allowed to issue equity against import of capital goods and liberalise conditions for seeking foreign investment for production and dev...

March 31, 2011 6:34 PM

Govt further eases FDI rules

The government has decided to relax the rules for foreign direct investment (FDI) in the country by permitting the issuance of equity to overseas firms against imported capital goods and machinery. An official statement said the norms for overseas investment in production and developments of seeds h...

March 31, 2011 1:22 PM

Govt hopes to reduce energy consumption by 5 percent

Government is hopeful that the target to reduce energy consumption by 5 percent will be achieved fully by the end of the 11th five year plan. This was revealed by Power Minister Sushil Kumar Shinde in New Delhi on Thursday. Under the set target, the Government aims to avoid capacity addition of 10 t...

March 31, 2011 1:22 PM

Sensex gains over 217 points in afternoon trade

The Bombay Stock Exchange benchmark Sensex gained over 217 points to stood at 19507 points in afternoon trade a short while ago. In opening trade it gained over 137 points. Brokers said overnight gains in the US market and a firm trend on Asian bourses buoyed the trading sentiment in domestic market...

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