Investment in infrastructure sector to remain close to target: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia today said that investment in the infrastructure sector in the Eleventh Five-Year Plan, 2007-12, will be very close to the target of 500 billion dollars. This will be primarily because of over- achievement in telecom. On growth prospects dur...

Time of recent monetary tightening right: RBI

The Reserve Bank today said the timing of its recent monetary tightening is right andinflation will ease in coming months, subject to normal monsoon and stable world oil prices.RBI Deputy Governor K C Chakrabarty told reporters on the sidelines of a function in Bangalore today that the wholesale pri...

Air India records 19.5 per cent growth in Gulf-India sector

Asian markets fall

Most Asian markets fell, today, on renewed concerns over Greece's debt problems ahead of a euro zone summit. So Hong Kong's Hang Seng index fell 2.1%; South Korea's Kospi lost 0.8%; and Singapore's Straits Times index slid 0.9%. But China's Shanghai Compo...

Gold and Silver get slightly cheaper

Gold edged 10 rupees lower, to 16,650 rupees per ten grams in Delhi's bullion market, today. Silver ready slid 200 rupees, to 26,800 rupees per kilo. In the Asian region, gold declined 1.50 dollars to 1,106.40 dollars an ounce.

Govt to bridge knowledge gap about financial services

Financial Literacy and Financial Inclusion will be given highest priority by the Government to bridge the knowledge gap about financial services in the Country. Giving this assurance, the Union Finance Minister Pranab Mukherjee observed that proper financial awareness will go a long way in empowerin...

Sensex up by 83 pts, trading above 17k

Snapping a four session winning streak, the Sensex at the Bombay Stock Exchange fell 241 points, or 1.4 per cent, to 17,337 in opening trade, today, after the Reserve Bank of India last week unexpectedly raised its key short-term lending and borrowing rates. Recovering partially, the Sensex stood 83...

Business News Heading

Business News Content

Qatar agrees to supply India up to 4 million tons of additional LNG

Qatar has agreed to supply India up to 4 million tons of additional LNG to meet its growing energy needs. Qatar's Energy Minister Abdullah al-Attiyah told this to reporters after an hour long meeting with Petroleum Minister Murli Deora in New Delhi on Sunday.The world's largest LNG...

Rupee falls by 4 paise against US dollar in early trade

The rupee eased by 4 paise in early trade on Monday on fresh capital outflows by foreign funds and the dollar's gain against other Asian currencies. At the Forex market, the rupee fell by 4 paise to 45.53 a dollar.Forex dealers said weak trend on stock markets following capital outflows by ...