Business

July 5, 2016 11:21 AM

Rupee weakens by 8 paise to 67.35 against dollar

The rupee lost some ground as it weakened by 8 paise to 67.35 against the dollar at the forex market today following fresh demand for the American unit from importers and banks amid a lower opening in domestic equities.Yesterday, the local currency rose 5 paise to close at atwo-week high of 67.27 on...

July 4, 2016 8:37 PM

Non-urea fertiliser prices slashed by up to Rs 5,000/tonne

The retail prices of non-urea fertilisers including DAP have been slashed by up to Rs 5,000 per tonne following drop in global prices of raw materials. Talking to media in New Delhi today, Fertiliser Minister Ananth Kumar said the state-run fertiliser firms Rashtriya Chemicals and Fertilizers and Na...

July 4, 2016 2:28 PM

National mineral exploration policy unveiled

The National mineral exploration policy has been unveiled today to adopt comprehensive exploration of non fuel and non coal mineral resources.The new policy aims to bring together best of knowledge and experience, modern technology, trained manpower and financial resources on a collaborative platfor...

July 4, 2016 2:11 PM

National mineral exploration policy unveiled

The National mineral exploration policy has been unveiled today to adopt comprehensive exploration of non fuel and non coal mineral resources.The new policy aims to bring together best of knowledge and experience, modern technology, trained manpower and financial resources on a collaborative platfor...

July 3, 2016 5:28 PM

FPI invests over Rs 3,700 cr into Indian equities in June<br/>

Foreign investors brought in over 3,700 crore rupees into Indian equities in June, mainly on hopes of a good monsoon. According to data available with depositories, Foreign portfolio investors have invested a net of 3,713 crore in the stock market last month. However, they pulled out 6,220 crore rup...

July 3, 2016 12:47 PM

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund has warned that Britain&apos;s decision to leave the European Union has created significant uncertainty. This uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions also for Europe and the global economy. The IMF sa...

July 3, 2016 8:23 AM

Pharma market in India expected to be worth USD 55 bn by 2020

The pharmaceutical market in India is expected to be worth 55 billion US dollars by 2020, becoming the sixth largest market globally in absolute size, the Indian envoy to the United States has said. Speaking at an event in New York, India&apos;s ambassador to the US Arun Singh said that branded ...

July 1, 2016 9:01 PM

Sensex surges fifth straight day to eight month's high

Rising for the fifth straight session, the Sensex at the Bombay Stock Exchange gained 145 points, or 0.5 percent, to an 8-month closing high of 27,145 on Friday. The Nifty at the National Stock Exchange climbed 41 points, to an over ten-month closing high of 8,328.

July 1, 2016 8:28 PM

Oil falls as oversupply concerns return to center stage

Global crude oil prices eased, on Friday, as the focus returned to oversupply, after production from Nigeria and Canada revived, and OPEC production reaching a record high in June. Brent crude oil futures were down 30 cents, at 49.41 dollars a barrel. U.S. crude fell 25 cents, to 48.08 dollars a bar...

July 1, 2016 8:26 PM

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund has warned that Britain&apos;s decision to leave the European Union has created significant uncertainty. This uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions also for Europe and the global economy. The IMF sa...

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