Industrial output registers 17.6 per cent growth

Industrial output rose 17.6 per cent in April, growing in double digits for the seventh straight month, on good showing by manufacturing, particularly capital and consumer goods. In comparison, industry grew by 1.1 per cent in April last year. Manufacturing, which constitutes around 80 per cent of t...

Show to present India's progress concludes in Dubai

Govt to infuse additional equity of Rs 1,200 cr into Air India

Civil Aviation Minister Praful Patel said, Government would infuse additional equity of 1,200 crore rupees into Air India over the next few months and review its performance to decide on the future course. He, however, said there was no decision to divest government equity in the cash-strapped natio...

Plan Commission, finance ministry to talk on setting up of Rs 500 billion debt fund

Planning Commission will soon take up with finance ministry ways of setting up of 500 billion rupees debt fund. It has been recommended by a government approved panel to set right country's infrastructure. Planning Commission sources said, the plan panel will also discuss the changes requir...

Govt raises over Rs 38,300 cr from BWA, spectrum auction

The government has raised over 38,300 crore rupees as the 16-day long auction for Broadband Wireless Access, BWA, spectrum came to an end. The details of the BWA auction winners are still awaited from the Department of Telecom. The total revenue of the government from sale of spectrum for both 3G an...

Govt to infuse additional equity of Rs 1,200 cr into Air India

Civil Aviation Minister Praful Patel said, Government would infuse additional equity of 1,200 crore rupees into Air India over the next few months and review its performance to decide on the future course. He, however, said there was no decision to divest government equity in the cash-strapped natio...

Rupee rises by 22 paise against US dollar

The Indian rupee appreciated by 22 paise to 46.73 a dollar in the early trade on Friday on firm opening in stock markets and the US currency's weakness against other Asian currencies.The domestic currency had closed 6 paise higher at 46.96 in the previous session. Forex dealers said the rup...

Sensex up 185 points in opening trade

The Bombay Stock Exchange benchmark Sensex surged by another 185 points in the opening trade on Friday on sustained buying by funds, taking cues from firming global markets. The 30-share index, which had gained nearly 305 points in the previous two trading sessions, edged higher by 184.67 points, or...

Gold prices fall

Gold prices fell for the second straight day in the bullion market in Delhi, losing 150 rupees to 19,025 rupees per ten grams. Silver ready fell 200 rupees to 29,400 rupees per kilo.Gold in overseas markets fell 6.10 dollars to 1,227.40 dollars an ounce.

Sensex surges 264 pts, closes at 16,922

Rising in tandem with global markets, the Sensex at the Bombay Stock Exchange surged 264 points, or 1.6 percent, to close at 16,922, on Monday. The Nifty at the National Stock Exchange jumped 78 points, or 1.6 percent, to 5,079.Stock markets in Japan, Hong Kong, Singapore and South Korea gained betw...