Business

May 24, 2010 2:08 PM

Sensex trading below 17k

The Sensex at the Bombay Stock Exchange surged 279 points, or 1.7 percent, to 16,725 in opening trade, today, as news of a reconciliation between the Ambani brothers lifted their stocks, and improved market sentiment. After paring some of its initial gains, the Sensex stood 178 points, or 1.1 percen...

May 24, 2010 11:45 AM

Govt. is confident of bringing down inflation to 5-6% by December: PM

Prime Minister Dr Manmohan Singh today said the government is confident of bringing down inflation to 5-6 per cent by December . He said rising Prices continue to be a matter of concern as it isaffecting the country's masses . Dr Singh said the government has been monitoring inflation and h...

May 24, 2010 11:43 AM

Sensex shots up by 279 points, NIFTY surged by 90 Points

The Sensex today surged by almost 280 points in opening trade. The 30-share index, which lost 74 points in theprevious trading session, shot up by 279 points, or 1.69per cent to 16,725 in the opening trade. The wide-based National Stock Exchange index Nifty regained the 5,000-points level by rising ...

May 24, 2010 10:38 AM

Rupee appreciates by 20 Paise against Dollar

The Indian rupee appreciated by 20 paise to 46.76 a dollar in early trade. The US currency's gains against major currencies overseas, capped the rupee's rise. Forex dealers said the rupee strengthened against the US currency largely on the back of increased capital inflows by forei...

May 24, 2010 10:37 AM

Sensex shots up by 279 points, NIFTY surged by 90 Points

The Sensex today surged by almost 280 points in opening trade. The 30-share index, which lost 74 points in theprevious trading session, shot up by 279 points, or 1.69per cent to 16,725 in the opening trade. The wide-based National Stock Exchange index Nifty regained the 5,000-points level by rising ...

May 24, 2010 8:40 AM

India to double steel production in next two years

Steel Minister Virbhadra Singh has said India will double its steel production in the next two years even if the big-ticket Posco and ArcelorMittal projects do not take off. In an interview to PTI, he said at present, the steel production is 59.9 million tonnes but by 2011-12, it should increase to ...

May 24, 2010 8:38 AM

Textiles exports may touch USD 24 billion in 2010-11

With the revival of demand in Western markets, India's textile exports may grow up to USD 24 billion in 2010-11 from an estimated USD 20 billion in the previous fiscal, industry and government officials have said."In 2009-10, our textiles exports are estimated at USD 20 billion due...

May 24, 2010 8:36 AM

IT/BPO sector saw more job opportunities, higher earnings

The IT/BPO sector not only created more employment opportunities in the last three months of previous fiscal but workers engaged in this segment also saw the maximum rise in earnings, a Government survey said.It said during the September-December quarter, about 5.67 lakh jobs were created in this se...

May 23, 2010 1:42 PM

India to double steel production in next two years

Steel Minister Virbhadra Singh has said India will double its steelproduction in the next two years even if the big-ticket Poscoand ArcelorMittal projects do not take off. In an interview to PTI, he said at present, the steel production is 59.9 million tonnes butby 2011-12, it should increase to at ...

May 22, 2010 8:24 AM

Railways mull two new freight corridors

The Railways is planning to create two freight corridors---one from Delhi to Mumbai and another from Delhi to Kolkata. This was disclosed by Minister of State for Railways KH Muniyappa in Chennai on Friday. He said parallel freight corridors are being planned as the freight has been an important sou...

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