Sensex down 135 pts in opening trade on Asian cues

Recovering from early losses, the Bombay Stock Exchange benchmark Sensex gained over 60 points at midsession trade on Tuesday on buying by funds at existing lower levels. The Sensex, which lost nearly 135 points in opening trade, rose by 60.78 points at 15,957.06 at 1205 hrs as heavy-weights like Bh...

Oil prices rises in Asian trade

Oil prices rose further in Asian trade

Rupee down 10 paise at 47.06 dollar

The rupee today depreciated by 10 paise to 47.06 against the US dollar in opening trade mainly due to fears of fresh capital outflows by foreign funds. At the Interbank Foreign Exchange market, the Indian currency traded 10 paise down at 47.06 a dollar. The rupee ended 24 paise higher at 46.96 again...

India economic growth likely to touch 8%: Montek

Planning Commission says India's economic growth rate is expected to accelerate to eight per cent in the next fiscal from around 6.5 per cent projected for the current financial year. The Commission in its assessment of the economy also expects economic growth to go up to nine per cent in 2...

India,Saudi agree to grant multiple entry visas to businessmen

Taking forward their economic ties, India and Saudi Arabia have agreed to grant long-term, multiple entry visas to businesspersons to facilitate their frequent visits and decided to strengthen cooperation in fields like customs, science and technology and oil, gas and minerals.The decision followed ...

Oil slightly higher in Asian trade

Oil was slightly higher in Asian trade on Monday. New York's main contract, light sweet crude for December delivery gained 25 cents to 77.25 dollars a barrel.Brent North Sea crude for December delivery was two cents higher at 75.22 dollars.

New defence policy to open $100 bn market

Goods and Services Tax proposals on track

The Empowered Committee of State Finance Ministers will submit its first draft to the Centre on the proposed Goods and Services Tax next week. The report to be submitted to the Finance Minister Mr. Pranab Mukherjee will be placed for public comments.The preparations for the implementation of the dir...

Relief package for coffee growers

A relief package for coffee growers in the country is on the anvil. This will help them to compete in the international market, particularly with Vietnamese and Colombian products. The Commerce and Industry Minister Mr. Anand Sharma has said the package will also address the problem of indebtedness,...