Sensex drops over 200 points in afternoon trade; Rs loses 26 paise against dollar

The Sensex at the Bombay Stock Exchange gave up all its initial gains, and had declined 216 points, or 0.8 percent, to 25,622 in afternoon trade. Similarly, the Nifty at the National Stock Exchange had dropped 61 points, to 7,838. Other key Asian markets in Japan, China, Hong Kong, South Korea and S...

Trade deficit with China growing, Govt admits in LS

The government today admitted in the Lok Sabha that trade deficit with China has been growing. Between April 2015 and February this year, the deficit stood at 48.68 billion US dollars compared to 48.45 billion US dollars in 2014-15. Stating this Commerce Minister Nirmala Sitharaman said China sends ...

India ratifies WTO's trade facilitation agreement

India ratifies WTO's trade facilitation agreement

Gold falls Rs225 to Rs 29,575 per ten grams<br/>

Gold fell 225 rupees, to 29,575 rupees per ten grams at Delhi&apos;s bullion market, on Saturday, on subdued demand from jewellers. Silver dropped 150 rupees, to 40,200 rupees per kilo on reduced offtake by industrial units and coin makers. Silver coins remained unchanged at 64,000 rupees for bu...

India ratifies WTO's trade facilitation agreement

India's foreign exchange reserves surges by 333.7 million USD

India&apos;s foreign exchange reserves have surged by 333.7 million US dollars to reach a fresh life-time high of 360.250 billion dollars in the week ended 15th April.A RBI press release said that foreign currency assets, a major part of the overall reserves, rose by 341.4 million dollars to 336...

Govt sets up panel over central excise duty on jewellery

Government has set-up a Sub Committee to interact with the trade and industry on the imposition of Central Excise Duty on jewellery.An official release said, the Committee to be headed by former Chief Economic Advisor Ashok Lahiri will consider all issues related to compliance procedure for excise d...

SEBI seeks inputs from mediators trading in commodity derivatives

Market Regulator SEBI has sought inputs from mediators trading in commodity derivatives on new products as well as widening the markets by bringing in more participants such as foreign investors.In a meeting with commodity brokers and participants held in Mumbai on Friday, SEBI Chairman U K Sinha di...

Centre to provide plastic park to Andhra Pradesh