Rupee gains 30 paise to jump to one year high

The Indian rupee today strengthened by 30 paise against the US currency to hit a one-year high of 46.18 a dollar in opening trade. At the Forex market, the rupee had closed 8 paise down at 46.49 in the previous session on Monday. Dealers said increased dollar selling by exporters and sustained capit...

Govt. hopes onion prices will fall drastically

The government says the onion price will come down drastically within a week. The government has decided to discourage exports by raising the benchmark price for selling onions by 85 US dollar a tonne. A senior National Agricultural Cooperative Marketing Federation of India (NAFED) official told AIR...

NTC strike in Chennai enters day 2

India inks agreements with WB for loans for infrastructure

Govt. hopes onion will fall drastically

The government says the onion price will come down drastically within a week. The government has decided to discourage exports by raising the benchmark price for selling onions by 85 US dollar a tonne. A senior National Agricultural Cooperative Marketing Federation of India (NAFED) official told AIR...

Sensex up 170 pts in early trade, Nifty regains 5,100 level

The Bombay Stock Exchange benchmark Sensex on Wednesday rose by 170 points in early trade on increased buying by foreign funds amid firming global trends. The 30-share index gained 170.61, or 1 per cent, at 17,197.28 points with stocks of metals, auto and realty sectors leading the rally. The wide-b...

Rupee appreciates 30 against dollar

The Indian rupee strengthened by 30 paise against the US currency to hit a one-year high of 46.18 a dollar in opening trade today on increased dollar selling by exporters. At the Interbank Foreign Exchange (Forex) market, the domestic unit appreciated by 30 paise to quote at 46.18 a dollar, the leve...

ONGC bags most blocks in lukewarm NELP round

State-run ONGC bagged over a third of the blocks in muted bidding for India's largest ever auction of oil and gas areas -- a response the government attributed to the global slowdown and the Ambani gas dispute.Reliance Industries, which bid for just two blocks in the previous round, did not...

No case for stimulus withdrawal this fiscal: Montek

The Planning Commission on Monday said there is no case for withdrawal of stimulus in the current financial year until growth picks up to seven percent."I don't believe, in the current financial year, there is much of a case for exit (from stimulus measures)," Planning Com...

Oil price rises above 74 dollars

Oil prices rose above 74 US Dollar on Tuesday, driven by prospects of improved demand as the economy recovers and as cold weather hits the United States earlier than expected.New York's main contract, light sweet crude for delivery in November climbed 75 cents to 74.02 US Dollar a barrel in...