Economy is expected to do better: Pranab Mukherjee

Finance Minister Pranab Mukherjee has said the economy is expected to do better in the remaining part of the fiscal, and asserted that there is no need to be panic on rising prices as there is enough food stocks in the country. Mukherjee, who was in Pune to campaign for Congress for the state assemb...

Centre to introduce new category of Maharatna for big public sector enterprises

Sensex reclaims 17,000 mark

The Bombay Stock Exchange benchmark index, Sensex, opened on a strong note finally settled the day at higher by an impressive 384 points or 2.31 per cent at 17,026.The broad-based 50-issue Nifty of the National Stock Exchange too flared up by 109 points or 2.21 per cent to end past 5K-mark to a week...

Singapore exits recession; GDP expands 0.8 pc

Climbing out of recession, Singapore's economy expanded 0.8 per cent in the third quarter of 2009, indicating that the worst of the down-slide is over for the region. The country's economy has been primarily bolstered by good performance in biomedical and electronics manufacturing,...

Kuwait wants gulf currency delay

Kuwait has called for the launch of a Gulf monetary union and single currency - due in 2010 - to be delayed so it could address technical issues. Kuwait, Saudi Arabia, Qatar and Bahrain signed an accord in June to create a joint monetary union council as a prelude to a Gulf central bank. This would ...

Sensex reclaims 17,000 mark

Buoyed by industrial growth figure beating all street projections the BSE benchmark Sensex today surged over 384 points to reclaim the 17,000-point peak.The 30-share Sensex, which commenced the day higher, advanced further to record a handsome gain of 384.01 points to close at 17,026. The crucial 17...

Sensex rises over 130 points in noon trade

The Sensex at the Bombay Stock Exchange was trading 132 points up at 16775 in afternoon trade. The NIFTY at the National Stock Exchange was also 35 points up at 4986.

Rupee plunges 20 paise in early trade

The Indian rupee today extended the previous session's weakness and depreciated by 20 paise to 46.60 against the US currency in early trade. However, expectations of fresh capital inflows by foreign funds capped rupee's losses. At the Interbank Foreign Exchange (Forex) market, the ...

Mukesh Ambani doubts sincerity of Anil's peace offer

Mukesh Ambani-led Reliance Industry has questioned the sincerity of Anil Ambani's peace offer saying conduct of his group makes it difficult to believe if he had a real change of heart. Welcoming Anil's statement to reach out his estranged elder brother Mukesh, RIL said in a statem...

Pranab reiterates government policy to strengthen public sector

The Finance Minister Mr. Pranab Mukherjee has called upon the trade unions to come out with a viable mechanism for the revival of the sick industries in the country. Inaugurating the 29th plenary session of the INTUC in Kochi this afternoon, Mr. Mukherjee reiterated that the policy of the government...