Concerns on price-front, fiscal consolidation important challenges to be overcome to ensure sustainable economic development: Pranab

Finance Minister Mr. Pranab Mukherjee has said that concerns on price front and fiscal consolidation are some of the important challenges to be tackled to ensure sustainable economic development.Speaking at the annual meeting of PHD Chamber of Commerce in New Delhi on Friday, Mr. Mukherjee asserted ...

Oil prices mixed in Asia

Oil prices were mixed in Christmas eve trade in Asia on Friday. New York's main contract, light sweet crude shed 13 cents to 91.38 dollars per barrel after hitting 91.63 dollars in trade on Thursday, its highest level since October 2008. Brent North Sea crude advanced 18 cents to 94.43 doll...

Sensex down over 102 points in opening trade

The Bombay Stock Exchange fell by over 102 points in opening trade on Friday. The 30-share barometer Sensex, which had lost over 77 points in the previous two sessions, fell to 9,880 in the first few minutes of trade, with metal, technology, banking and auto sector stocks remaining under pressure. S...

11th summit of ECO begins in Istanbul

The 11th summit of heads of state and government of the Economic Cooperation Organization (ECO) began in Istanbul today. According to Turkish Anadolu news agency, Iranian president Mahmoud Ahmadinejad, who handed over ECO's rotating presidency to his Turkish counterpart Abdullah Gul, said E...

Food inflation rises to over 12%

Food inflation surged back into double-digit territory, at 12.13 per cent, for the week ended December 11, from 9.46 per cent in the previous week, as the prices of vegetables, particularly onions, rose for the third consecutive week. Food inflation has now entered double digits for the first time s...

Sensex down by 33 pts in closing trade

The Sensex at the Bombay Stock Exchange lost a modest 33 points, or 0.2 percent, to end below the 20,000 mark, at 19,983, on profit-booking, and weak Asian markets, today. The Nifty at the National Stock Exchange shed 4 points, or 0.1 percent, to 5,980.

11th summit of ECO begins in Istanbul today

The 11th summit of heads of state and government of the Economic Cooperation Organization (ECO) began in Istanbul today. According to Turkish Anadolu news agency, Iranian president Mahmoud Ahmadinejad, who handed over ECO's rotating presidency to his Turkish counterpart Abdullah Gul, said E...

Asian market declines as Chinese govt. step up scrutiny in real estate investment

Exports register impressive growth of 27% till October: Anand Sharma

Exports registered an impressive growth of 27 percent till October this year compared to same period last year. Briefing reporters in New Delhi today, Commerce and Industry Minister Anand Sharma said that the exports crossed 140 billion dollars mark in the first eight months of this fiscal. He added...

Continuing to fall for the third straight day, gold lost 40 rupees, to 20,720 rupees per ten grams at Delhi's bullion market, today, on sluggish demand at prevailing higher levels. Silver dropped 130 rupees, to 44,820 rupees per kilo.In the Asian region, gold rose 0.2 per cent, to 1,389 dol...