Business

January 13, 2010 10:00 AM

Incentives worth of 500 crore rupees announced for exporters

The government announced incentives worth of 500 crore rupees for exporters. This will encourage them to aggressively market products in China and Japan, and build on the recovery witnessed since November last year. The sectoral package includes expansion of the Focused Product Scheme, under which e...

January 12, 2010 9:07 PM

Sensex dips 104 points to close at 17423

Despite strong industrial growth numbers, the sensex at the Bombay Stock Exchange fell 104 points, or 0.6 per cent, to 17,423, on Tuesday. The Nifty at the National Stock Exchange dropped 39 points, or 0.7 percent, to 5,210. Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended m...

January 12, 2010 8:40 PM

Centre announces Rs 500 crore export incentives

The government on Tuesday announced incentives worth 500 crore rupees for exporters .This will encourage them to aggressively market products in China and Japan and build on the recovery witnessed since November last year. The sectoral package include expansion of the Focused Product Scheme under wh...

January 12, 2010 6:33 PM

No consensus on 3G mobile services

Concensus eluded empowered group of ministers on telecom over the allocation of 3G mobile services. The Panel headed by the Finance Minister Mr Pranab Mukherjee, met in New Delhi to finalise the notice inviting applications (NIA) from the potential operators to participate in the forthcoming auction...

January 12, 2010 6:31 PM

Centre revises food park scheme

Government has revised and restructured the establishment of Food Park Scheme. This will pave the way for establishing Mega Food Parks. This is a demand driven scheme which has been formulated after taking into account the drawbacks in the old scheme which did not yield the desired results. Accordin...

January 12, 2010 6:25 PM

Centre announces Rs 500 crore export incentives

The government on Tuesday announced incentives worth 500 crore rupees for exporters .This will encourage them to aggressively market products in China and Japan and build on the recovery witnessed since November last year. The sectoral package include expansion of the Focused Product Scheme under wh...

January 12, 2010 2:35 PM

NEFIT calls on both India, Bangladesh to promote water transportation

The North East Federation on International Trade has called on both India and Bangladesh to promote water transportation by making necessary amendments to the Protocol on Inland Water Transit and Trade.Mr R.C. Agrawal, president of the North East Federation on International Trade told reporters that...

January 12, 2010 2:21 PM

Markets slip into red

The Bombay Stock Exchange benchmark Sensex was trading in red in the afternoon session on Tuesday.The Sensex was down by 61 points to trade at 17,465.40 points when news last came in. Nifty was meanwhile trading 23 points down at 5226.30 points.Earlier the Sensex rose by 67 points in early trade lar...

January 12, 2010 2:15 PM

Govt not to force merger of individual banks, says Fin Service Secretary

The financial Services Secretary R Gopalan said in Mumbai on Tuesday that the merger of individual banks will not be forced and no time frame has been set for the consolidation process in the banking system.He said that mergers of state-run banks should be done with a view to bring in good synergies...

January 12, 2010 1:55 PM

Industrial production up by 1.4 per cent

Industrial growth has gathered pace as factory production rose by 11.7 per cent in November 2009, fuelled by stimulus-backed demand for manufactured goods, particularly consumer goods.Industrial growth was just 2.5 per cent in November 2008. Manufactured goods, which have around 80 per cent weight i...

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