India becomes net exporter of Electricity for 1st time

For the first time, India has turned around from a net importer of electricity to net exporter of electricity. As per Central Electricity Authority, which is the designated authority of the government for cross border trade of electricity, India has exported around 5,798 million units to Nepal, Bang...

Sensex gains 85 points, Nifty advanced by 33 points in early trade

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange remained firm, and gained about 85 points in early trade today or 0.28 percent, to 29,494.The Nifty at the National Stock Exchange also advanced by 33 points, to 9,134. And at the forex market, the rupee advanced...

Global crude oil prices fall towards 50 dollars

Global crude oil prices fell further towards 50 dollars a barrel, today, on uncertainty over whether an OPEC-led output cut will be extended beyond June in an effort to counter a glut of crude.A committee of ministers from OPEC and outside producers yesterday agreed to look at prolonging the deal, s...

FPI inflows hit 6 billion US dollars in March on hopes of more reforms

The inflows follow a net investment of 15,862 crore rupees in equity and debt last month. According to depository data, foreign portfolio investors (FPIs) infused a net sum of 22,268 crore rupees in equities during March 1-24 and another 16,177 crore rupees in the debt segment, translating into a co...

RBI asks all banks to function every day from 25th March to 1st April

The Reserve Bank of India has instructed all nationalised as well as private banks to function every day from 25th March to 1st April. The RBI in its notification yesterday stated that the direction aims to ease the banking functions related to the government while the financial year is nearing an e...

Oil prices edge up amid fall in Saudi exports to US

Global crude oil prices edged up, today, supported by a fall in Saudi exports to the United States. But overall markets remained under pressure on the back of a world market flooded with fuel. Brent crude oil futures rose 13 cents, to 50.69 dollars a barrel. U.S. crude rose 18 cents, to 47.88 dollar...

Gold price surges ?350, to ?29,350 per 10g

Gold prices surged 350 rupees, to 29,350 rupees per ten grams at Delhi's bullion market, today, on increased buying by jewelers. Silver rose 125 rupees, to 41,375 rupees per kilo, on pick-up in demand from industrial units and coin makers. Silver coins remained unchanged, at 71,000 rupees f...

Resolution being worked out with RBI to put enough pressure on borrowers to settle dues: Jaitley

Promising a solution to the growing Non Performing Assets problem in the next few days, Finance Minister Arun Jaitley has said, the resolution, being worked out with the RBI, will put enough pressure on borrowers to settle dues. Speaking at a function in New Delhi, he said, the problem of big NPA is...

Global crude oil prices slipped to almost 4-month lows

Global crude oil prices slipped to almost four-month lows, today, after data showed US crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Analysts said OPEC has used up most of its arsenal of verbal weapons to support the market. Brent crude oil...

Agricultural growth rate expected to remain at 4.4% during this financial year: Radha Mohan Singh