No decision taken yet on hiking LPG, diesel prices: Pranab

Ahead of the meeting of the Empowered Group of Ministers for reviewing the price of diesel and LPG, Union Finance Minister Pranab Mukherjee said all issues would be considered before arriving at any decision. ''Prices of petroleum products are always under review. No decision has b...

FM not worried about high capital inflows

Finance Minister Pranab Mukherjee on Friday said he would not press the panic button due to high capital inflows, including an over USD 38 billion by FII's till November, though a higher level could be a constraint constraint for the economy to absorb."We have the capacity to absor...

Oil prices hit 26-month high

Oil prices hit another 26-month peak today before pulling lower on profit-taking before the Christmas and New Year break. London Brent North Sea crude for February delivery soared to 94.74 Dollars per barrel, the highest point since October 2008. But, the contract later came down to 93.86 dollars, d...

Rupee closed higher against dollar

The Rupee today ended higher by four paise at 45.12 against the US currency. This follows dollar selling by corporates and banks amid uncertainty over the greenback in the overseas markets. Dealers were reluctant to make large-scale transactions due to macro-economic worries caused by a rise in crud...

Govt. to invest $500 bn on infrastructure development through JVs

Government will invest $500 bn in infrastructure development through Public Private Partnership in next five years. Talking to the reporters in New Delhi today Road and Transport Minister Kamal Nath said that the country is moving on the right growth trajectory and it is committed to provide the req...

Markets close with marginal gain; up by 90 pts

Govt. to release additional sugar for January

Centre has decided to make available over 19 lakh tonne of sugar for the month of January to meet the internal demand. According to an official release, the quantity include 2.18 lakh tonne levy sugar and 17 lakh tonne non- levy sugar. It said that the government will not hesitate to release additio...

Govt. to give more incentives to labour intensive export sector

India confident of doubling its exports by 2014

India is confident of doubling its exports to 400 billion US Dollars by 2014. According to highly placed government sources, the projection is based on nearly 27 percent growth in exports this year and upcoming market opening pacts with European Union, Japan and Malaysia. India will be signing a com...

Sensex up by 55 points in afternoon trade

Tracking weak regional markets, the Sensex at the Bombay Stock Exchange opened 44 points lower, at 19,936, on Friday morning. But it later rebounded, to stand 55 points, or 0.3 per cent in the green, at 20,038, in afternoon trade, a short while ago. Stock markets in Japan, China, Hong Kong, South Ko...