India gets observer status at WTO panel on govt purchases

Foodgrain production likely to touch above 200m mark

Toyota to recall 8,000 trucks from US

Toyota is to recall 8,000 Tacoma pick-up trucks from the United States, over fears about defective front drive shafts. The recall involves four-wheel drive Tacomas built from mid-December 2009 to early February this year. The move is the latest in a string of recalls in the past few months of more t...

Jute workers call off 61-day old strike in W Bengal

In West Bengal, the ongoing 61 days old strike of the jute workers was today called off. Work will start in the jute mill from the 14th of this month. A tripartide meating was held today at the state Secretariat between the resprentive of the jute workers and the mill owners and the state level mini...

Industrial output takes a leap; rises to 16.8% in December

Country's Industrial output rose by a robust 16.8% in December as against a rise of 11.7 percent in November. Index of Industrial Production December numbers were way above estimates as the industry grew by 8.6% in the first nine months of this fiscal. The dazzling industrial growth reflect...

All markets remain closed today

All markets, including the Bombay Stock Exchange, the National Stock Exchange, Forex, Money, Bullion and Oil and Oilseeds remained closed today. The holiday is being observed on account of Mahashivratri.

Oil prices down in Asian trade

Oil prices dipped in Asian trade today. New York's main futures contract, light sweet crude for delivery in March, fell 39 cents to USD 74.89 a barrel. Brent North Sea crude for April delivery was down 30 cents to USD 73.82 a barrel.

Montek wants oil subsidies to discontinue

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said it would be a bad idea to continue with subsidies to keep oil prices subdued. Releasing a report on Post-Crisis Growth in Developing Countries in New Delhi, Mr Ahluwalia said, it would be a bad idea to continue with energy subsidies...

Sensex surges 230 mpoints to close at 16,153

The Sensex at the Bombay Stock Exchange closed with a solid gain of 230 points, or 1.5 per cent, at 16,153, today, on easier FDI norms, and improved global sentiment. The Nifty at the National Stock Exchange jumped 70 points, or 1.5 percent, to 4,827. Stock markets in China, Singapore, South Korea a...

Textile exports gaining ground: Maran

The Union Minister of Textiles, Mr Dayanidhi Maran today said that the bad days for textiles exports are over and the positive trend will continue with the recovery gaining ground in the major European and other global markets.Speaking on the sidelines of a function in New Delhi , Mr Maran said that...