Business

September 12, 2016 8:46 PM

Sensex crashes 444 points amid global market sell off

The Sensex at the Bombay Stock Exchange plummeted 444 points, or 1.5 percent, to 28,354, on across-the-board selling by investors. The Nifty at the National Stock Exchange plunged 151 points, to 8,716. Key stock markets in Japan, China, Hong Kong, and South Korea were battered down by between 1.7 pe...

September 12, 2016 8:45 PM

Industrial Output contracts 2.4 per cent in July<br/><br/>

Industrial production contracted 2.4 per cent in July this year--its worst performance in eight months. This was mainly due to a fall in output of the manufacturing and capital goods sectors. Factory output, as measured by the Index of Industrial Production, IIP, had grown 4.3 per cent in July last ...

September 12, 2016 7:52 PM

Industrial production shrinks 2.4 % in July

Industrial production contracted 2.4 per cent in July this year--its worst performance in eight months. This was mainly due to a fall in output of the manufacturing and capital goods sectors. Factory output, as measured by the Index of Industrial Production, IIP, had grown 4.3 per cent in July last ...

September 12, 2016 7:43 PM

CCEA gives nod to raise buffer stock of pulses to 20 lakh tonnes

Cabinet Committee on Economic Affairs( CCEA) today gave its nod to raise buffer stock of pulses to twenty lakh tonnes from eight lakh tonnes. It will be done at an estimated cost of 18,500 crore rupees to keep prices stable and encourage farmers to grow dal cropThe stock will be built through domest...

September 12, 2016 7:42 PM

Retail inflation eases to 5-month low of 5.05% in August

Retail inflation eased to a five-month low of 5.05 per cent in August this year, mainly because of a sharp fall in food inflation. Retail inflation had stood at 6.07 per cent in July this year, and 3.74 per cent in August last year.Inflation in vegetables was just 1.02 per cent in August. Overall re...

September 12, 2016 7:20 PM

Preliminary response of Flexi Fare Scheme good so far: Railway Ministry

Railway Ministry on Sunday said the preliminary response of Flexi Fare Scheme has been good so far. Briefing media in New Delhi, Member, Traffic, in Railway Board Mohd Jamshed said Railways have earned over Rs. 80 lakh per day additionally in the last two days following implementation of the scheme....

September 12, 2016 7:13 PM

CCEA gives nod to raise buffer stock of pulses to 20 lakh tonnes

Cabinet Committee on Economic Affairs, CCEA gave its nod to raise buffer stock of pulses to twenty lakh tonnes from eight lakh tonnes. The stock will be built through domestic procurement and imports of 10 lakh tonnes each. The specific variety of pulses and their respective quantities for the stock...

September 11, 2016 8:56 PM

Preliminary response of Flexi Fare Scheme good so far: Railway Ministry

Railway Ministry on Sunday said the preliminary response of Flexi Fare Scheme has been good so far. Briefing media in New Delhi, Member, Traffic, in Railway Board Mohd Jamshed said Railways have earned over Rs. 80 lakh per day additionally in the last two days following implementation of the scheme....

September 11, 2016 5:30 PM

FPIs infuse Rs 6,800 crore in capital markets in Sept.

Foreign funds have pumped-in nearly Rs. 6,800 crore into the country&apos;s capital markets, so far this month. According to depositors&apos; data, net investment by Foreign Portfolio Investors stood at Rs. 3,178 crore in equities during September 1 to 9, while the same for debt markets was ...

September 10, 2016 8:08 PM

Proper Eco-system to be set up for start-ups: Y S Chowdary

Union Minister of State for Science &amp; Technology and Earth Science Y S Chowdary has said there is a need of proper Eco-system to be set up for the start-ups of India. He was addressing the 11th conference of association of Indian Science and technology Entrepreneurs Park and Business Incubat...

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