Business

February 28, 2011 2:09 PM

Corporate world terms budget 2011-12 as positive & growth oriented

The corporate world today welcomed the budget terming it as positive and growth-oriented. FICCI chief Rajan Bharti Mittal said the budget is balanced. CII President Hari Bhartia said the finance minister has not taken the last year's growth for granted . He, however, said the Finance Minist...

February 28, 2011 2:08 PM

Sensex jumps massive 536 pts, trading above 18k

The stock market gave a rousing thumbs-up to the Union Budget, as the Sensex at the Bombay Stock Exchange soared a massive 536 points, or 3 percent, to again cross the 18,000 mark, at 18,237, in afternoon deals, a short while ago. Earlier this morning, the Sensex had opened a more modest 114 points ...

February 28, 2011 1:54 PM

Sensex up by 277 pts

The Sensex has surged by over 277 points mid-way through Finance Minister Pranab Mukherjee's Budget presentation, in which he proposed to keep up the tempo of the disinvestment process and contain inflation to boost the economy. The bellwether Sensex rose by 277 points to 17,978 points even...

February 28, 2011 12:04 PM

Indian economy grows by 8.2 % in third qrt

Driven by good performance of agriculture and services sector, the Indian economy grew by 8.2 per cent in the third quarter of the current fiscal, up from 7.3 per cent in the corresponding period a year ago. According to the data released by the government today, farm sector during the third quarter...

February 28, 2011 11:59 AM

India, EU officials to deliberate on BITA in Brussels today

The chief negotiators of India and the European Union will hold meetings in Brussels from Monday with an aim to resolve their differences and conclude talks on a proposed market opening pact by April.India's chief negotiator, Commerce Ministry Additional Secretary P K Chaudhary, and EU Chie...

February 28, 2011 11:42 AM

Oil up in Asia as Middle East unrest spreads

Crude prices jumped in Asian trade on Monday with New York futures again in sight of USD 100 a barrel after unrest in the oil-rich Middle East broadened, analysts said. Brent North Sea crude for delivery in April gained USD 1.28 to USD 113.42 per barrel while New York's main contract, light...

February 28, 2011 10:08 AM

Sensex gains 114 pts in opening trade

The BSE benchmark Sensex opened over 114 points higher in opening trade today on the back of increased buying by foreign funds and retail investors ahead of Budget for 2011-12. The 30-share index of the Bombay Stock Exchange rose by another 114 points, or 0.64 per cent, to 17,815 in the first few mi...

February 28, 2011 8:33 AM

Immediate steps to be taken to combat food scarcity says Subbarao

RBI Governor D Subbarao has said that immediate steps should be taken to raise agriculture output substantially to combat food scarcity and consequent soaring of prices. He said, it is necessary to increase investment in water management and rural infrastructure to step up farm productivity and prod...

February 28, 2011 8:18 AM

RBI Governor calls for immediate steps to raise farm production

The RBI Governor D Subbarao said, to combat food scarcity and consequent soaring prices, immediate steps should be taken to raise agriculture output substantially in the country. He said, for stepping up farm productivity and production, it is necessary to increase investment in water management and...

February 27, 2011 7:54 PM

RBI Governor calls for immediate steps to raise farm production

The RBI Governor D Subbarao said, to combat food scarcity and consequent soaring prices, immediate steps should be taken to raise agriculture output substantially in the country. He said, for stepping up farm productivity and production, it is necessary to increase investment in water management and...

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