Aluminium resources in India need to be exploited: Handique

Government today asserted that aluminium resources need to be exploited keeping in view the long term national goals and perspectives. Inaugurating a seminar in New Delhi today, the Minister of Mines B K Handique said aluminum is the most versatile and sustainable material for our economy. He said t...

Crude prices rise in Asian trade<br/>

Crude oil prices rose in Asian trade today. New York&apos;s light sweet crude gained one cent to 84.12 dollars a barrel while Brent North Sea crude advanced 17 cents to 86.09 dollars a barrel.Analysts said the rise in oil prices is due to increase in demand of heating fuel in view of freezing te...

Rupee strengthens against dollar

The Indian Rupee strengthened by 20 paise to 45.68 rupees a dollar in the morning trade today.It had gained 5 paise to close at 45.88 rupees against the green back in the previous session. Dealers said firm opening by the stock exchanges and the American Dollar&apos;s losses against other Asian ...

Markets open Green; trading 135 pts up<br/>

The BSE benchmark Sensex gained nearly 94 points to 19,615 in the opening trade today.The sensex was trading at 19,675 up by 135 points a short while ago. Analysts said the gain in sensex is due to sustained buying by funds and retail investors, buoyed by improved domestic economic growth. However, ...

Aviation fuel to cost 1.4% more

State-owned oil firms today hiked jet fuel prices by 1.4 per cent. This is the fourth increase in rates in two months. Aviation Turbine Fuel - ATF- rates in Delhi have been hiked by 636.46 rupees per kilolitre to cost 45,240 rupees per kilo Litre with effect from midnight tonight.

Pranab asks investors not to press panic button over housing finance racket

Finance Minister Pranab Mukherjee has asked investors not to press panic button over the housing finance racket as the loans are protected. He said he is in touch with RBI Governor, Chairman of Life Insurance Corporation. CBI sleuths had on 24 November uncovered a multi-crore corporate housing-loan ...

Sensex gains 116 points for 2nd consecutive day

Prices may come down in coming months

Food prices could come down in the coming months. Chairman of Prime Minister&apos;s Economic Advisory Council Rangarajan said, inflation is also likely to come down between 5.5 to Six per cent by March 2011. It was from 8.62 per cent in September this year. Admitting that food prices are still a...

Indian economy grows by 8.9 per cent in second quarter of current fiscal

Indian economy grew by 8.9 per cent in the second quarter of the current fiscal, up from 8.7 per cent in the corresponding period a year ago. Driven by good performance of agriculture and manufacturing, the growth rate for the first quarter was revised upwards to 8.9 per cent from 8.8 per cent. Acco...

IMF estimates GDP growth to be more than 9 %: Pranab

Finance Minister Pranab Mukherjee says, IMF may prove correct in its assessment of India&apos;s economic growth. The projections were made on the basis of the second quarter growth rate of 8.9 per cent, which has surpassed the assessment of various experts.Mukherjee said, he had always goes by c...