India has potential to increase its textile share in world trade: Maran<br/>

India has the potential to increase its textile share in the world trade from the current level of 4.5% to 8% to reach $80 billion by 2020. This was stated by Textiles Minister Dayanidhi Maran at the convocation of National Institute of Fashion Technology, NIFT in New Delhi today.He said that to ach...

Sensex dips marginally after RBI revises interest rates

The Sensex at the Bombay Stock Exchange ended with a marginal loss of 10 points, or 0.1 percent, at 20,346, today, after the Reserve Bank raised key policy interest rates for a sixth time this year. The Nifty at the National Stock Exchange managed to gain just 1 point, at 6,119.Stock markets in Japa...

Sensex gains 42 points in afternoon trade

The Sensex at the Bombay Stock Exchange, which had fallen 37 points ahead of the Reserve Bank&apos;s monetary policy review, this morning, later rebounded and had gained a modest 42 points, or 0.2 percent, to 20,398, in afternoon trade, after the policy&apos;s announcement. However, realty s...

RBI to review its mid-year monetary policy today

Rupee up 6 paise against dollar<br/>

The rupee appreciated by 6 paise to 44.41 rupees against the dollar at the FOREX market in morning trade today largely on weakness in the US currency in overseas markets. However, some demand for the US currency and a weak trend in equity markets capped the rupee gains.

Sensex opens 36 pts down in early trade

The Bombay Stock Exchange benchmark Sensex fell by over 36 points in early trade today as investors and funds booked profits ahead of the RBI&apos;s monetary policy review later in the day. The 30-share barometer fell by 36.77 points or 0.18 per cent to 20,318.86. It had gained nearly 415 points...

RBI expresses concern over rising inflation despite good monsoon

Signalling hike in key policy rates when it reviews monetary stance tomorow, the Reserve Bank of India (RBI) today said that the inflation still remained above its comfort level and elevated food price is a matter of concern.RBI said in its report on macroeconomic and monetary developments, ahead of...

India-Norway to enhance maritime cooperation

India and Norway today held discussions to enhance maritime co-operation and improve trade relations between the two countries. The two sides discussed maritime issues that would form part of the proposed Free Trade Agreement between India and countries of the European Free Trade Association. The di...

India-Syria sign MoU for JV in phosphate sector

India has signed a Memorandum of Understanding with Syria for long term cooperation and setting up of joint venture plants in Syria in phosphate sector. According to an official release issued in New Delhi today, the MOU envisages a broad framework of long term cooperation between the two countries ...

India's exports surge 23.2% during Sept. 2010 as compared to Sept. 2009