EIU forecasts India's GDP growth at 6.5% this fiscal

The Economic Intelligence Unit (EIU) has forecast India's GDP growth at 6.5 per cent this fiscal and said that there will be a tightening in interest rates in early-2010. Talking to reporters in Mumbai today, Economic Intelligence Unit (EIU) Director for Research, Manoj Vohra said that EIU ...

Govt. to auction only 3 slots of 3G spectrume

The government has said that 3G telephony spectrum available with it for sale currently could accommodate only three operators. A fourth slot has already been allotted to state-owned MTNL and BSNL. Earlier, it was decided that four private bidders could auction spectrum apart from the state owned pl...

Food inflation rises to 19.05 per cent.

Soaring prices of vegetables like potatoes and onions pushed the annual rate of inflation for food articles to 19.05 per cent for the week ended November 28. Food inflation was 17.47 per cent for the previous week ended November 21.Data released today showed prices of essential commodities like cere...

Sensex closes with modest gains

The 30-share Bombay Stock Exchange Sensex closed the session today with modest gains led by buying in interest telecom, capital goods, metal and power stocks, and Heavyweight ICICI Bank. Positive European markets also provided some support to the benchmark indices. BSE Sensex rebounded in the second...

Indian IT sector growing at 11% against global growth of 4%

Sensex rebounds; gains 57.54 pts at 1300 hrs

The Bombay Stock Exchange benchmark Sensex gained 57.54 points in afternoon session to trade at 17,182.30 a short while from now. Sensex earlier fell by 66 points in morning trade. Nifty that had declined by 20.85 points in opening trade was trading at 21 points higher at 5132 points.

Inflation rises to 17.47%

Soaring prices of vegetables like potatoes and onions pushed the annual rate of inflation for food articles to 19.05 per cent for the week ended November 28. Food inflation was 17.47 per cent for the previous week ended November 21. Data released today showed prices of essential commodities like cer...

Trade across LoC resumes

Weekly Cross-LoC trade resumed yesterday from Poonch-Rawalakote route, in district Poonch of Jammu and Kashmir after being suspended for one day due to sudden ban on export of moong dal by the Pakistan Occupied Kashmir (PoK).AIR correspondent Chandra Kant Sharma reports from Jammu that Ban on export...

Crude oil prices surge 38 cents to $71.05/per brl

Oil rose in Asian trade today as traders invested in cheap crude on the back of sliding prices. New York's main futures contract, light sweet crude for delivery in January, gained 38 cents to 71.05 dollars a barrel after closing at a two-month low in overnight trade in the US. Brent North S...

Rupee depreciates 10paise against dollar in the opening trade

The rupee today depreciated by 10 paise against the dollar in opening trade on fears that capital inflows would be impacted adversely after the Reserve Bank tightened the guidelines for external commercial borrowings. At the Interbank Foreign Exchange (Forex) market, the domestic unit traded at 46.6...