Engineering exports increases by 29 per cent

Engineering exports increased by 29 per cent year-on-year in May to 3.2 billion dollars. The US largely made up for the drop in orders from crisis-ridden Europe.Engineering exports stood at 2.4 billion dollars in May 2009.Growth in these consignments was more or less in line with the total Indian me...

Indian stocks fare best in BRIC markets in first half of the year

Indian stocks have fared the best among the BRIC markets in the first six months of this year, amid weak global economic climate hurting investor returns worldwide.According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, ...

FM calls upon banks to adopt innovative technologies to expand services in rural areas

Union Finance Minister Pranab Mukherjee has called upon banks to adopt innovative and modern technologies to expand the services in rural areas. Launching the Self Help Group Credit Linkage Programme in Puducherry yesterday, he said the Women Self Help groups have an important role to play in the fi...

RBI raises key policy rates to tame inflation?

The Reserve Bank of India has raised the Repo and Reverse Repo rates by 25 basis points with immediate effect to contain inflation. While Repo rate has been raised to 5.50 per cent, the Reverse Repo rate has been hiked to 4 per cent. Repo and Reverse Repo rates are rates at which the RBI lends and b...

Pranab backs RBI move to contain price rise as desirable

Finance Minister Pranab Mukherjee has described the RBI move to contain price rise as desirable in view of tight credit situation and rising inflation.

RBI raises short-term lending & borrowing rates

RBI has raised short-term lending and borrowing rates by 25 basis points to 5.50 per cent and 4 per cent respectively.

The Reserve Bank of India has proposed to slash the salaries of CEOs and directors of private banks on poor showing. In its draft regulations on compensation of private sector and local area banks and all foreign banks operating in India, the RBI has also proposed to limit any salary hike to 15 per ...

Sensex down 48 points

The Sensex at the Bombay Stock Exchange lost 48 points, or 0.3 percent, to 17,461, today. The Nifty at the National Stock Exchange fell 14 points, or 0.3 percent, to 5,237.

Govt expects 40-50 billion additional revenue from service tax

Sensex gains 11 points in afternoon trade

The Sensex at the Bombay Stock Exchange gained 82 points, 0.5 per cent, to 17,591, in opening trade, today, on renewed buying by investors. But after paring most of its early gains, the Sensex stood just 11 points, or 0.1 percent in the green, at 17,520, a short while ago. Other Asian markets in Jap...