Rupee falls by 10 paise against US dollar in early trade

The rupee depreciated by 10 paise to 44.77 against the US dollar in early trade on Monday.Snapping a six-session rally the local currency was weighed down by dollar gains against other Asian currencies.The rupee had risen by 8 paise to close at an over three month high of 44.68 against the US curren...

Sensex gains 90 points in opening trade

The BSE Sensex extended its gains by adding 90 points in opening trade on Monday to 18905 points on continued buying by foreign funds and retail investors.Similarly, the wide-based National Stock Exchange Nifty index moved up by 22.70 points, or 0.40 per cent, to 5,676.Brokers said sustained buying ...

Pranab cautions of another global economic recession

Finance Minister Pranab Mukherjee today said the global economy may fall into another crisis, if the lingering sovereign debt crisis in some of the eurozone economies is not contained. He said, if this happens it could have a debilitating impact on fiscal consolidation efforts. Mr. Mukherjee express...

Global economy may fall into another crisis: Pranab

Finance Minister Pranab Mukherjee today said the global economy may fall into another crisis, if the lingering sovereign debt crisis in some of the eurozone economies is not contained. He said, if this happens it could have a debilitating impact on fiscal consolidation efforts. Mr. Mukherjee express...

Govt working with RBI to address concerns over limited reach of banking services

Finance Minister Pranab Mukherjee today said the government was working in collaboration with the Rerserve Bank of India to address concerns over high costs and limited reach of banking services. Speaking in Mumbai today, as part of the centenary celebrations of the Central Bank of India, Mr. Mukher...

Rising cost, inflation fail to dampen industry mood: CII-Ascon Survey

Rising interest cost and inflation notwithstanding, the industry mood remains upbeat as over one-third of the 121 manufacturing sectors tracked by a CII-Ascon Survey, projected an excellent growth of above 20 per cent for the fiscal 2010-11. According to the CII-Ascon Survey, the sectors which showe...

RBI to continue with tight monetary policy to tame inflation: Rangarajan

Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today said the RBI will have to continue with its monetary tightening policy to tame inflation, which stood at over 8 per cent in February. The Reserve Bank of India has revised key policy rates eight times since March...

Innovation is the key to sustain growth: Pitroda

Rs 440 crore project for four industrial estates in Delhi

In a major initiative to support small scale industries, Delhi Government has decided to augment facilities at four industrial estates in the city at an estimated cost of Rs 440 crore.The government's premier infrastructure development agency DSIIDC, entrusted to look after maintenance of a...

Sensex gains 465 points

The Indian markets recorded huge gains and ended in the green for the fourth straight day this week. The benchmark index at the Bombay Stock Exchange gained 465 points to close at a two month high of 18,816 points. Although the Sensex did not start too well, but following positive global cues and in...