Business

August 29, 2010 9:03 AM

India will achieve more than 8.5 percent growth this fiscal: FM

Finance Minister Pranab Mukherjee is confident of India's economy growing by more than 8.5 per cent this fiscal, despite partial roll back of stimulus measures. Addressing heads of Indian Missions in New Delhi Mukherjee said the economy is likely to continue the high growth trajectory in th...

August 28, 2010 5:57 PM

Govt. to maintain vigilance on export sector throughout the year

Commerce Secretary Dr Rahul Khullar says, the Government will maintain vigilance on the export sector throughout the year and will respond to challenges from time to time. He was the addressing exporters at an open house meet in Chennai today. Dr Khullar said the Annual Supplement to the Foreign Tra...

August 28, 2010 11:39 AM

Govt. aiming to increase milk production

The government has envisaged a long term National Dairy Plan, aimed at increasing milk production in the country. The domestic demand for milk is projected at about 180 million tonnes by 2020. The share of the organized sector is expected to increase from the current 30 per cent to about 65 per cent...

August 28, 2010 8:49 AM

SEBI allows brokers to use internet

The Securities and Exchange Board of India, SEBI, has allowed registered brokers providing internet based trading in shares, to use wireless technology including mobile phones and laptops. In a circular SEBI has said that the stock exchange should ensure that the broker complies with the requirement...

August 28, 2010 8:49 AM

Mexican Airlines goes bankrupt; suspends operations

In Mexico, one of the biggest airlines, Mexicana de Aviacion, is to suspend all flights, three weeks after filing for bankruptcy protection. Transport Minister Juan Molinar said the airline's operations would definitively cease by today. Mexicana had already axed some of its routes and had ...

August 27, 2010 8:40 PM

Infrastructure industries rises by 3.9 percent

Output of core infrastructure industries expanded by 3.9 per cent in July, as compared to 3.2 per cent in the same month last year. According to data released by the government today the six core industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished steel regis...

August 27, 2010 8:30 PM

Govt considers proposals to sell power from upcoming Thermal Power projects

Government is considering a proposal to sell 65 per cent power from the upcoming Kobra Super Thermal Power project phase three. A similar proposal to sell 63 per cent power of Farraka Super Thermal Power Project phase three is also under consideration. The two projects have thousand mega watt genera...

August 27, 2010 8:27 PM

Sensex down by 228 pts, trading below 18k

The Sensex at the Bombay Stock Exchange slumped 228 points, or 1.3 percent, to close below the 18,000 level, at 17,998, on Friday . The Nifty at the National Stock Exchange shed 69 points, or 1.3 percent, to 5,409. Other Asian markets in Japan, China, Singapore, Hong Kong and South Korea ended mixed...

August 27, 2010 5:50 PM

Sensex falls by 228 points in closing trade today<br/>

The Sensex at the Bombay Stock Exchange slumped 228 points, or 1.3 percent, to close below the 18,000 level, at 17,998, on Friday . The Nifty at the National Stock Exchange shed 69 points, or 1.3 percent, to 5,409. Other Asian markets in Japan, China, Singapore, Hong Kong and South Korea ended mixed...

August 27, 2010 4:52 PM

LIC crosses mark of one crore individual policies in current financial year

India&apos;s largest life insurer, Life Insurance Corporation of India, LIC, has crossed the mark of one crore individual policies in the current financial year. The insurer also collected first premium income of 15,917 crore rupees in the fortnight ended August 14, 2010. During the previous fin...

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