Rupee depreciates by nine paise

The rupee on Thursday depreciated by nine paise to 47.14 against the US dollar. At the Interbank Foreign Exchange (Forex) market, thedomestic unit traded nine paise lower at 47.14 a dollar in early trade.On Wednesday, the rupee ended 35 paise higher at 47.05/06 against the US currency .

BSE Sensex falls by over 184 points

GM expects to shed ten thousand jobs in its factories in Europe

The American car maker, General Motors, has announced that it expects to shed ten thousand jobs in its factories in Europe. The announcement comes after GM pulled out of the deal to sell its European subsidiaries to the Canadian car firm, Magna. GM owns Opel in Germany and Vauxhall in Britain. Gener...

Lawsuit against Intel

The State of New York has brought a lawsuit against world's largest manufacturer of computer microprocessor- Intel, following a two-year investigation into its competitor practices. The New York Attorney General, Andrew Cuomo said, Intel used illegal threats and collusion to maintain its 80...

Trade and industry will be on positive growth in final quarter of current fiscal: Anand Sharma

Expressing confidence that the trade and industry will be on the path of positive growth in the final quarter of the current fiscal, the government said that it will intervene and do more for the sectors which require support. Outlining various steps taken by the government in the wake of global mel...

BJP raises serious concern on direct tax code

The Senior BJP leader and the leader of opposition in Rajya Sabha Mr. Arun Jaitley today raised serious concern over the direct tax code which is due to replace current income tax Act from 1st April 2011. Addressing a seminar on Direct Tax Code organised by Confideration of All India Traders in New ...

India expanding & diversifying its exports: Anand Sharma

Expressing confidence that the trade and industry will be on the path of positive growth in the final quarter of the current fiscal, the government today said that it will intervene and do more for the sectors which require support. Outlining various steps taken by the government in the wake of glob...

Sensex breaks six day jinx; surges 507 pts to close at 15,912

Snapping a six-day losing streak, the Sensex at the Bombay Stock Exchange zoomed 507 points, or 3.2 percent, to close at 15,912, today, as sentiment was lifted after Finance Minister Pranab Mukherjee said the government would not withdraw economic stimulus measures. The Nifty at the National Stock E...

Sensex breaks six day jinx; surges 507 pts to close at 15,912

Financial reforms should continue in normal way: Montek

The Deputy Chairman of the Planning Commission has said that there is a big agenda for financial reforms and it should continue in a normal way. Speaking at the Economic Editors Conference in New Delhi on Wednesday, Dr Montek Singh Ahluwalia said that stopping financial reforms would be a serious mi...