Markets open in red down by 98 pts

The Sensex today fell by nearly 98 points in the opening trade, as funds and retail investors indulged in reducing their positions at prevailing prices amid weak Asian markets.The 30-share index, which had lost 186 points in the previous session, shed 98 points to 19,886 points. Metal, realty, banki...

Emerging economy needs regulatory mechanism: Justice Kapadia

Chief Justice of India S H Kapadia said that the emerging economy has taken the country into the age of regulatory mechanism which requires tribunals and commissions to exercise their jurisdiction carefully without venturing into each others territories. Speaking at a seminar in New Delhi, he said, ...

Rupee slides down against dollar

The rupee today fell by 10 paise against the US currency in early trade, largely in tandem with Asian currencies' weakness against a rising dollar. However, sustained capital inflows amid dollar selling by exporters and banks limited the Indian rupee losses. At the Forex market, the domesti...

EU proposes Value Added Tax to raisae revenue

The European Commission has put forward proposals for direct EU taxes on member states, including a possible EU-wide value-added tax (VAT). The proposals are part of a package of options for finding new sources of revenue for the European Union budget. EU Budget Commissioner Janusz Lewandowski first...

Decision about increase in MSP for Rabi crop on Wednesday

A decision about increase in MSP for Rabi crop will be taken in a meeting of Union Cabinet on Wednesday. Addressing a press conference in Jaipur after meeting of Agriculture Ministers of nine States, Union Agriculture Minister Sharad Pawar said that this year bumper crop of wheat and paddy is expect...

China raising key interest rate for first time

China is raising a key interest rate for the first time since it said it has recovered from the global economic crisis. One year lending rates are going up by a quarter of a percentage point. Analysts said that Beijing was concerned about inflation. Hours earlier, the World Bank warned that growth i...

China raising key interest rate for first time<br/>

China is raising a key interest rate for the first time since it said it has recovered from the global economic crisis. One year lending rates are going up by a quarter of a percentage point. Analysts said that Beijing was concerned about inflation. Hours earlier, the World Bank warned that growth i...

Direct tax collections up by over 19 percent

Direct tax collections has gone up by 19.09 percent. The net direct tax collected during the period of April-September 2010 stood at 1,81,758 crore rupees, up from 1,52,625 crore rupees in the same period last fiscal. An official release says that this is against the Budgeted annual growth target of...

Sudhir Vasudeva will be ONGC chief<br/>

Sudhir Vasudeva will be the chief of Oil and Natural Gas Corporation -ONGC. He will takeover as Chairman and Managing Director of ONGC. Vasudeva is currently Director (Offshore) in ONGC.

Sensex loses 186 points; Closes at 19,983<br/>