Business

October 17, 2009 7:26 PM

India for fair and equitable trade policies: Anand Sharma

India has called for devising fair and equitable policies in the WTO talks at Doha to convert the economic crisis into an opportunity. Union Commerce Minister Anand Sharma also asked international communities to expand trade in view of the latest IMF figures projecting a shrinking of 9 to 10 per cen...

October 17, 2009 4:21 PM

India Inc to clock 22.8% growth: CMIE

India Inc is likely to witness a 22.8 per cent growth in the Profit-After-Tax margins in the current fiscal. The Centre for Monitoring Indian Economy (CMIE) in its latest report said that corporate sales growth will average at a meager 4.1 per cent in 2009-10. It says the manufacturing sector (exclu...

October 17, 2009 4:14 PM

Gold, silver post gains on first day of Samvat 2066

The Samvat year 2066 opened on a cheerful note with gold prices rising by 50 rupees to 16,070 rupees per ten gram on the bullion market in New Delhi today as stockists started their new accounts in the special trading session.Traders, who made token transactions on the first day of the Samvat year a...

October 17, 2009 3:21 PM

Samvat year 2066 opens on cheerful note

The Samvat year 2066 opened on a cheerful note with gold prices rising by 50 rupees to 16,070 rupees per ten gram on the bullion market in New Delhi today as stockists started their new accounts in the special trading session.Traders, who made token transactions on the first day of the Samvat year a...

October 17, 2009 12:07 AM

IRDA constitutes Insurance Information Bureau

Insurance regulator IRDA has constituted an Insurance Information Bureau (IIB) to provide reliable data on the sector to researchers and policy makers. Insurance Regulatory Development Authority said in Mumbai on Friday that IIB would consist of representatives of the industry, experts in the insura...

October 16, 2009 8:54 PM

PM urges public sector units to get listed

The Prime Minister said, the government is encouraging Public Sector Units to raise resources by listing on the stock exchanges. Speaking after presentation of the excellence awards to PSUs in New Delhi yesterday, Dr Manmohan Singh said, the move will unlock the true value of a company, besides impr...

October 16, 2009 7:08 PM

Google sees record $1.6bn profit

Google has reported its highest quarterly profit, suggesting that the internet advertising market is bouncing back from the recession. Google reported net profit of 1.64 billion dollars between July and September, up 27 per cent on the same period a year ago. Google chief executive Eric Schmidt said...

October 16, 2009 6:13 PM

India Inc to clock 22.8% growth: CMIE

India Inc is likely to witness a 22.8 per cent growth in the Profit-After-Tax margins in the current fiscal. The Centre for Monitoring Indian Economy (CMIE) in its latest report said that corporate sales growth will average at a meager 4.1 per cent in 2009-10. It says the manufacturing sector (exclu...

October 16, 2009 1:10 PM

Oil rises above $78

Oil prices rose today above 78 dollars a barrel in Asian markets after US gasoline inventories unexpectedly fell. Benchmark crude rose as much as 59cents to 78.17 dollars before slipping back to 78.03 US dollars by midday in electronic trading on the New York Mercantile Exchange. A falling US dollar...

October 16, 2009 12:45 PM

Rupee weakens by 4 paise in opening trade

The Indian rupee today depreciated by 4 paise to quot at 46.27 against the dollar in the opening trade. The fall is due to the firmness of the greenback against other major currencies. The rupee ended 10 paise lower at 46.23 against the US currency in the previous session.

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