FM ask states to remove supply side bottlenecks

Concerned over rising food prices, Finance Minister Pranab Mukherjee has asked states to take immediate steps to remove supply side bottlenecks and bridge the gap between wholesale and retail prices."It has moved further. It is an area of concern," Mukherjee told reporters in New D...

Rupee depreciates by 14 paise

The Indian rupee depreciated by 14 paise to 45.38 rupees a dollar at 1145 hrs today. Dealers said the weakening of rupee is due to fresh dollar demand from banks and importers.

Oil rises in Asian trade

Oil prices rose to nearly 89 dollars a barrel today in Asian Markets. Benchmark oil rose 47 cents to 88.85 dollars a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Analysts said the oil prices rose as traders looked to an important monthly employment repor...

Sensex down 145 points

The Bombay Stocks exchange benchmark Sensex continued its slide for the fourth straight session and opened 57 points down today. The Sensex was trading at 20,039, down by over 145 points a short while ago. Analysts said the fall in Sensex is on concerns over sharp rise in food inflation and a weak t...

Sensex opens 57 points lower

The Bombay Stocks exchange benchmark Sensex continued its slide for the fourth straight session and opened 57 points down today. The Sensex was trading at 20,160, down by over 24 points a short while ago. Analysts said the fall in Sensex is on concerns over sharp rise in food inflation and a weak tr...

Citibank fraud: Police remand of Shivraj Puri extended

A local court in Gurgaon on Thursday extended police remand of Shivraj Puri, the main accused in the 300 crore Rupees Citibank fraud, by 6 days. The move comes as police sought time to recover an iPad used by the mastermind to communicate with his clients. Police also sought information from the Nat...

Makers of Blackberry seeks time to provide solution for interception of its Enterprise Mail

Research in Motion, maker of Blackberry mobile phones has asked for 18 to 24 months to provide a complete solution for interception of its Enterprise Mail, but with a condition that its services would not be banned. The Canada-based company said this at a meeting with the Department of Telecom. But ...

Centre collects 93 crore rupees as penalty from telecom operators

The government has collected 93 crore rupees penalty from new telecom operators for missing the network roll-out deadline. Some operators have approached the appellate tribunal TDSAT seeking a stay on it. Telecom Minister Kapil Sibal told reporters in Delhi that the total demand is 219 crore rupees....

Foreign Tourist Arrivals in India registered a growth of 1.4 per cent during December 2010 as compared to same period in previous year.According to an official release, 6.55 lakh tourists visited India as compared to 6.46 lakh in December 2009. There were a total 5.58 million foreign visitors in Ind...

CCI orders probe into possible cartelisation by onion traders

Competition watchdog CCI on Thursday ordered a probe into the possible cartelisation by onion traders that might have led to the spike in the prices of the essential commodity. Sources said, the Director General Investigations of the CCI will submit the report on probe within 45 days. The CCI has ta...