Overwhelming response to Coal India IPO<br/>

Govt. to de-control diesel prices soon: Deora

The Government is to de-control diesel prices soon. Addressing a FICCI seminar in New Delhi today, the Petroleum Minister Murli Deora said that the fiscal implication of the burden of huge subsidies was acute. He said that this compelled the government to take this bold but politically sensitive dec...

Govt. to welcome FDI in Rural development<br/>

The Government is seeking foreign investments in the rural sector. Union Minister for Rural Development C P Joshi today said, India&apos;s villages are ripe for profitable ventures, especially in areas of infrastructure development and services. Addressing an international conference organised b...

RBI to announce mid-year monetary policy review Tuesday

Concerned over rising prices, Finance Minister Pranab Mukherjee says, he has taken up the issue with the Reserve Bank. The apex bank is scheduled to announce its mid-year monetary policy review tomorrow. He was talking to reporters in New Delhi today after his meeting with RBI Governor Subbarao on F...

Markets trading in green; Sensex gains 323 pts

The Sensex at the Bombay Stock Exchange gained a solid 323 points, or 1.6 percent, to 20,356, amid rising Asian and European markets, today. The Nifty at the National Stock Exchange jumped 100 points, or 1.7 percent, to 6,118.

Agriculture sector got potential to boost country's economy: Minister

Union Minister of State for Agriculture K.V. Thomas has said that the agriculture sector has got the potential to boost the country&apos;s economy. Speaking at a conference on &apos;Future Approaches in Agricultural Extension&apos; in New Delhi on Monday, Mr. Thomas said that agricultura...

Sensex gains 336 points till technical glitch halts trading

The Sensex at the Bombay Stock Exchange, which had opened 294 points higher, in morning trade on Monday, later gained further ground to stand 336 points, or 1.7 per cent in the green, at 20,369, in late morning trade. Investor sentiment improved after Reliance Industries reported good quarterly numb...

Rupee fails to maintain its initial gains, slips five paise to 44.48 per dollar

The Indian rupee failed to maintain its initial gains and slipped five paise to 44.48 against the American currency in the morning trade on mild dollar demand from banks.At the Interbank Foreign Exchange market, the domestic unit resumed higher at 44.36 per dollar, as against the last weekend&ap...

Shale gas policy to be finalised early next year: Govt

Government says, the Shale gas policy will be finalised early next year. This was revealed by the Minister of State for Petroleum and Natural Gas Jitin Prasad on the sidelines of Petro Tech-2010 in New Delhi on Monday. The cooperation in exploring shale gas will be one of the important features of d...

Rupee gains 6 paise against US dollar

The rupee appreciated by 6 paise to 44.37 against the US dollar at the Interbank Foreign Exchange market in the morning trade on Monday. Dealers said, apart from dollar&apos;s weakness versus other Asian currencies, capital inflow into equities by foreign funds, also kept the rupee sentiment up.