Growth target revised for current fiscal from 6.5 to 7%

The Prime Minister's advisory council today revised the growth target for the current fiscal from 6.5 per cent to 7 per cent. Addressing CEO's forum of International Chamber of Commerce in New Delhi this morning, the Chairman of the Panel Dr C Rangarajan said that the growth rate i...

Sensex up 97 points at noon trade

The Sensex at the Bombay Stock Exchange fell 132 points, to 17,054 in opening trade, today, on profit-booking and amid weak global markets. Remaining weak, the Sensex stood 97 points, or 0.6 percent in the red, at 17,089, a short while ago. Stock markets in Singapore, Hong Kong and Taiwan were down ...

The World Bank today said that India could return to a growth rate of 8-9 per cent in its economy in the next two years. Addressing reporters in New Delhi this morning, World Bank President Robert Zeollick however said that the country needs to invest more in infrastructure for sustained growth. He ...

Growth target revised for current fiscal from 6.5 to 7%

The Prime Minister's advisory council today revised the growth target for the current fiscal from 6.5 per cent to 7 per cent. Addressing CEO's forum of International Chamber of Commerce in New Delhi this morning, the Chairman of the Panel Dr C Rangarajan said that the growth rate i...

Rupee weakens against dollar

The rupee today depreciated by 13 paise against the US dollar in opening trade. At the Interbank Foreign Exchange (Forex) market, the domestic unit traded at 46.24 a dollar. It had closed 27 paise higher at 46.11 against the dollar yesterday after the Sensex ended marginally up by 16 points. Forex d...

Sensex down by 132 points in early trade

The Bombay Stock Exchange benchmark Sensex on Friday fell by over 132 points in opening trade on fresh capital outflows by foreign funds. The 30-share Sensex, which had gained around 16 points in yesterday's choppy trade, dipped to 17,053.59 in opening trade. The wide-based National Stock E...

Food inflation surges to 17.47 % in third week of Nov

Food inflation surged to 17.47 per cent in the third week of November, fuelled by expensive onions and other essentials, prompting experts to ask RBI to tighten its monetary stance.Food inflation stood at 15.58 per cent a week ago. Rice and wheat prices also rose over 10 per cent on anyear-on-year b...

India urges Sri Lanka to review recent ban on certain Indian pharma cos

As India remains one of the largest suppliers of pharmaceutical products to Sri Lanka, the Indian High Commissioner Mr Ashok K Kantha in his meeting with the Sri Lankan Health Minister Nimal Sripala de Silva has requested to review the ban imposed by Sri Lanka on certain Indian pharmaceutical compan...

UN Economist warns against early withdrawal of stimulus

The United Nations has cautioned against a premature withdrawal of the massive stimulus measures taken by governments globally since late 2008.Director of Development Policy and Analysis from the UN's Department of Economic and Social Affairs Rob Vos said, the stimulus have led to the rebou...

Sensex closes flat

Amidst volatile session the Indian stock markets ended the day with a moderate gains after some profit-taking in late session cut some of its early gains. The Sensex at the Bombay stock exchange ended 15 points higher at 17185.Healthcare, metal and realty stocks were among the gainers while auto sto...