Sell-off in India's equity markets is due to weak global sentiment and not because of LTCG announced in budget: Hasmukh Adhia<br/>

Finance secretary Hasmukh Adhia said the sell-off in India&apos;s equity markets is due to weak global sentiment and not because of the long-term capital gains tax (LTCG) announced in the budget. Addressing the post-budget session of PHD Chamber in New Delhi today, Mr Adhia said global meltdown ...

RBI's Monetary Policy Committee (MPC) meeting to begin today in Mumbai

Global Investrs Summit calls for strenthening NE India's Economic ties with ASEAN & BBN

In Assam, the second day of the Global Investors Summit has called for strengthening the business, economic and cultural ties with the ASEAN and South East Asian countries through the Northeast region of India by tapping the advantage of physical and cultural proximity of the region with those count...

Leaders stress upon new approaches for ASEAN, BBN nations

Govt removes MEP of onion to boost exports of kitchen staple

The government has removed the minimum export price (MEP) of onion to boost exports of the kitchen staple. The Directorate General of Foreign Trade said in a notification in New Delhi yesterday that requirement of MEP on export of onions stands removed till further orders and all varieties of onions...

Sensex sheds 840 points to biggest single-day fall in 2.5 years

Benchmark Sensex plummeted 840 points today. Its was the biggest single-day fall in two-and-a-half years. AIR correspondent reports that the flagship Sensex crashed 840 points, or 2.34 per cent to end the day at 35,067 as jittery investors sold off shares across all sectors. This is its biggest sing...

Retail inflation for industrial workers rises to 4% in Dec

Retail inflation for industrial workers rose to 4 per cent in December last year due to increase in the price of certain food items and electricity charges. Ministry of Labour and Employment in a satement said,the year-on-year inflation measured by monthly Consumer Price Index-Industrial Workers- CP...

Sensex sheds 840 points to biggest single-day fall in 2.5 years

Domestic Stocks today declined sharply. It was fourth straight day fall. The Sensex at Bombay Stock Exchange crashed 840 points, or 2.34 percent, to end at 35,067. Similarly, Nifty at National Stock Exchange also sinked 256 points, or 2.33 percent to 10,761.

Forex reserves surge by USD 3 bn to USD 417.789 bn

The Reserve Bank of India today said, country&apos;s foreign exchange reserves rose sharply by 3 billion dollars to touch a new life-time high of 417.789 billion dollars in the week to January 26, aided by a rise in foreign currency assets. In the previous week, the reserves had increased by 959...

Forex reserves surge by USD 3 bn to USD 4177.789 bn

The Reserve Bank of India today said, country&apos;s foreign exchange reserves rose sharply by 3 billion dollars to touch a new life-time high of 417.789 billion dollars in the week to January 26, aided by a rise in foreign currency assets. In the previous week, the reserves had increased by 959...