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October 30, 2009 11:26 AM
Oil prices surged back above 80 dollars a barrel in Asian trade on Friday on news that the United States has emerged from a long and painful recession after posting its strongest growth in two years. New York's main contract, light sweet crude for December delivery, was trading at 80.08 dol...
October 30, 2009 10:53 AM
The rupee strengthened by 32 paise at 46.88 a dollar in early trade on Friday following dollar's weakness against other Asian currencies. The rupee ended 14 paise higher at 47.20 on Thursday's volatile session.
October 30, 2009 10:53 AM
The Bombay Stock Exchange benchmark Sensex surged by 300 points in opening trade on Friday on fresh buying by funds and retail investors, bolstered by firming global trends following a higher than expected growth in the US economy.The 30-share BSE barometer rose by 300 points, or 1.87 per cent, to 1...
October 30, 2009 9:03 AM
Exports declined by 13.8 per cent in September, for 12 months in a row. The exports in September stood at 13.6 billion dollars, against 15.8 billion dollars in the same month last year. During the first half of the current fiscal, overseas shipments contracted by 28.5 per cent to 77.9 billion dollar...
October 30, 2009 9:00 AM
The International Monetary Fund (IMF) has said that India's economic growth rate will accelerate to 6.5 per cent in 2010 on account of robust domestic demand and rising private investment. The regional economic outlook released by the IMF said, the normalisation of financial conditions is e...
October 30, 2009 8:56 AM
The US economy grew at an annual pace of 3.5 per cent between July and September, its first expansion in more than a year. The growth was helped by a substantial government spending plan including a scrap page scheme to boost car sales. The official figures indicate that recession has ended but some...
October 29, 2009 9:18 PM
The International Monetary Fund (IMF) has said that India's economic growth rate will accelerate to 6.5 per cent in 2010 on account of robust domestic demand and rising private investment. The regional economic outlook issued by the IMF said, the normalisation of financial conditions is exp...
October 29, 2009 9:09 PM
The Centre has asked Union Ministries to ensure austerity measures so that the public expenditure remains within the budgetary limits in order to contain the fiscal deficit. The Finance Minister, Mr. Pranab Mukherjee today asked the financial advisors of different ministries to spend on the priority...
October 29, 2009 7:46 PM
The world's largest economy, the United States has climbed out of recession as it grew by 3.5 per cent in the third quarter ending September 30 , thanks to higher consumer and government spending among others. The economy, which was battered by the worst financial turmoil since the 1930s Gr...
October 29, 2009 7:35 PM
Inflation has risen fastest in six months to stand at 1.51 per cent.Inflation grew by 0.30 percentage points during the week ended October 17 from 1.21 per cent in the previous week, even as many food items became cheaper.However, on yearly basis, food stuffs remained expensive, turning costlier by ...
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