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November 15, 2010 12:53 PM
Inflation fell for the second consecutive month by 0.04 percentage point to 8.58 per cent in October. It stood at 8.62 per cent in September this year. While food inflation was at the elevated level of 14.13 per cent, inflation on manufactured items stood at a comfortable 4.75 per cent. Most food pr...
November 15, 2010 12:04 PM
The Union Minister for Food Processing Industries Mr Subodh Kant Sahai has said that India is set to witness the next revolution in Food Processing Industry. He said this after meeting the German Minister of Food, Agriculture and Consumer Protection, Ms Ilse Aigner in New Delhi today. Mr Sahai said,...
November 15, 2010 11:28 AM
Rupee depreciated by 30 paise to at 7-week low of 45.10 rupees against dollar in the early trade today at the Interbank Foreign Exchange. Rupee closed at 44.80 rupees against the dollar in the previous session on Friday. Forex traders said weakness in other currencies against the dollar and a lower ...
November 15, 2010 10:39 AM
Rupee depreciated by 19 paise to 44.99 rupees a dollar in the early trade today at the Interbank Foreign Exchange. Rupee closed at 44.80 rupees against the dollar in the previous session on Friday. Forex traders said weakness in other currencies against the dollar and a lower opening on domestic bou...
November 15, 2010 10:37 AM
The Bombay Stock Exchange benchmark Sensex lost 50 points to 20,106 in the opening trade today on profit-booking. The Sensex later made some gains and was trading at 20,210, up by over 53 points. In other Asian markets, the Hong Kong's Hang Seng index was quoting higher by 0.52 per cent, wh...
November 14, 2010 12:45 PM
Renowned Indian-origin academician Raghuram Rajan has been named alongside US Federal Reserve Chairman Ben Bernanke and Nobel laureate Paul Krugman among the seven most powerful economists in the world. According to a compilation in Forbes magazine by economist Nouriel Roubini, they asked a group of...
November 14, 2010 12:43 PM
Leaders of the 21-member Asia-Pacific Co-operation, APEC forum have pledged to move towards creating a regional free-trade area. The agreement was announced at the end of a two-day summit in Yokohama, Japan. The move would link the world's three biggest economies - the United States, Japan ...
November 14, 2010 10:44 AM
India will contribute up to 15,000 crore rupees to the International Monetary Fund following the decision of the Fund to double its quota. While doubling its quota, the IMF Board has also decided to shift 6 per cent shares in voting rights to emerging economies as part of governance reforms.
November 13, 2010 9:03 PM
The government today fixed the issue price of PowerGrid at Rs. 90 per share. This will fetch the exchequer Rs. 7,575 crore.
November 13, 2010 6:02 PM
Raising concern over the sharp fall in factory output growth, Reserve Bank Deputy Governor Subir Gokarn said that the latest figures are disconcerting.Gokarn, however said that the IIP numbers alone are not the true indicators of the growth picture, the other indicators are not so negative. He also ...
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