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...

Sensex surges 335 points in afternoon trade

The BSE benchmark Sensex which rallied by almost 197 points in opening trade on Friday stood 335 points up at 18686 points a short while ago, extending gains into the fourth straight session. The sentiments were driven by sustained buying by funds, and the firming trend overseas. Stocks in the IT, r...

NSIC gets Mini-ratna II status

The government has conferred the Mini-ratna II status to National Small Industries Corporation (NSIC), providing it greater financial autonomy. Speaking to reporters on the sidelines of a function, Micro, Small and Medium Enterprises Minister, Virbahdra Singh said a Mini-ratna II company can incur c...

WB approves 350 million US Dollar loan for Karnataka's road development

The World Bank has approved 350 million US Dollar loan to accelerate the development of Karnataka's core road network through the Second Karnataka State Highway Improvement Project. Karnataka has identified about 25,000 kms of the most important traffic corridors and designated them as the ...

Rupee gains 11 paise against US dollar in early trade

The Indian rupee strengthened by 11 paise to Rs 44.64 against the US dollar in early trade on Friday, extending gains for the sixth straight session. The local curency was supported by capital inflows and a firming trend in the stock market. The rupee had appreciated by 10 paise to close at Rs 44.75...

Sensex climbs 197 points in opening trade

The BSE benchmark Sensex rallied by almost 197 points in opening trade on Friday, extending gains into the fourth straight session on sustained buying by funds, driven by firming trend overseas. The 30-share index of the Bombay Stock Exchange rose by 196 points, or 1.07 per cent, to 18,547 in openin...

Food inflation creeps back into double digit<br/>

Food inflation crept back into double digits at 10.05 per cent for the week ended March 12, breaking a three-week long downward spiral. Food inflation had stood at 9.42 per cent in the previous week.Prices of fruits went up by 23.60 per cent year-on-year, whereas egg, meat and fish became dearer by ...

Sensex gains 145 points; Closes at 18,351 points

Middle East unrest: India concerned as it imports two-third of its oil from the region

Finance Minister Pranab Mukherji has said the government is concerned by the ongoing turmoil in Middle East and North Africa as the country imports two-third of its oil imports from the region. Replying to a debate on finance bill in the Rajya Sabha, he said, out of 100 milliontonnes imported last y...

Sensex up by 111 points in afternoon trade

The Sensex that opened over 119 points higher today was trading 111 points up at 18317 a short while ago. The 30-share barometer, had gained over 367 points in the past two sessions. In a similar fashion, the wide-based National Stock Exchange Nifty index was trading 36 points up at 5,516.Asian mark...