Business

March 1, 2010 1:17 PM

State-owned oil firms hike price of aviation turbine fuel

State-owned oil firms have raised aviation turbine fuel, ATF price by 3.5 per cent. An official of the Indian Oil Corporation, the nation's largest oil firm, said in New Delhi that Jet fuel or ATF rates in the capital were raised by 1,325 rupees per kilolitre to 39,307 rupees per kilolitre ...

March 1, 2010 11:50 AM

Microsoft offers browser choice screen in Europe

From today, the software, Microsoft is to send a message to millions of its users across Europe inviting them to consider using rival software to brows the internet. The move is a part of a settlement of along running dispute with the European Union in which the software giant was accused of abusing...

February 28, 2010 8:17 PM

Indian economy to break double-digit growth barrier soon: FM

Finance Minister Pranab Mukherjee exuded confidence that the economy would soon break the double-digit growth barrier. He, however, conceded that his tax proposals in the budget may contain some inflationary ingredients but it will be a temporary phenomenon. He was addressing the Annual General meet...

February 27, 2010 2:28 PM

New petrol prices effective from today

The prices of petrol and diesel have been hiked. In the Capital, petrol will cost 2 rupees and 71 paise a liter more while diesel will be dearer by 2 rupees and fifty five paise a liter. This was an announcment to this effect was made by the government in New Delhi on Friday. The hiked rates came in...

February 27, 2010 2:02 PM

No change in the Income Tax exemption limit

The Union Budget for 2010-2011 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday proposes no change in the Income Tax exemption limit and relief in all the three slabs. He announced that the exemption limit would remain the same at 1.6 lakhs rupees. Those drawing income above...

February 27, 2010 1:08 PM

More pvt players to join banking space

The Budget presented on Friday pave the way for the RBI to allow more private sector players to enter the commercial banking space. Drawing confidence from the strong regulatory mechanism in the financial sector, it says that the apex bank is considering giving some more banking licenses to private ...

February 26, 2010 5:53 PM

Markets cheer Budget, Sensex gains 175 pts

The stock markets on Friday cheered the Budget proposals by Finance Minister Pranab Mukherjee and surged 420 points on the BSE index but could not sustain the momentum due to profit-booking and closed the day just 175 points over the previous level.Analysts could not specify any specific reason for ...

February 26, 2010 5:29 PM

Fuel prices hiked

Fuel prices have been hiked. In the capital petrol will cost 2 rupees and 71 paise a liter more while diesel will cost more by 2 rupees and fifty five paise a liter. This was announced by the government in New Delhi today. Finance Minister Pranab Mukherjee today raised customs and excise duties on p...

February 26, 2010 5:28 PM

Markets respond positively to budget; sensex up by 350 pts

The Bombay Stock Exchange benchmark Sensex surged over 350 points within a minute of direct tax sops, including income tax concessions, proposed by Finance Minister Pranab Mukherjee in the Budget 2010-11.The 30-share Sensex jumped and remained up in a range of 300 points crossing the 16,600 mark. Le...

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