Govt liberalises FDI norms in 15 major sectors of economy

The Government has liberalised Foreign Direct Investment, FDI norms in 15 major sectors of the economy to further boost the investment environment and to bring in more foreign investment in the country. These sectors include mining, civil aviation, defence, broadcasting, construction, manufacturing ...

Indian economy to grow at 7.2%: OECD

Organisation for Economic Cooperation and Development (OECD) has said that the Indian economy is expected to grow by 7.2 per cent this fiscal. It will be followed by 7.3 per cent in 2016-17 and 7.4 per cent in 2017-18 period, Paris-based think tank said in a statement yesterday. OECD also cautioned ...

Rupee tumbles 68 paise; Sensex recovers smartly from initial losses, but drops 144 points

Rupee tumbled against the dollar, but the domestic stock markets rebounded strongly after an early battering. At the forex market, the rupee tumbled 68 paise, or one percent, to close at a nearly eight-week low of 66.44 against the dollar. At the stock markets, the Sensex at the Bombay Stock Exchang...

Sensex recovers partially from initial losses; Rupee tumbles 74 paise against USD

The domestic stock markets tumbled in morning trade, losing a huge 608 points to slip below the 26,000-mark, on heavy, across-the-board selling by investors.The Sensex later recovered significantly, but was still down a good 305 points, at 25,961 a short while ago. Similarly, the Nifty at the Nation...

India's prospects relatively robust; to grow at 7.2%: OECD

With relatively robust growth prospects, the Indian economy is expected to expand by 7.2 per cent this fiscal but difficulty in passing key structural reforms and large non-performing loans are holding it back, says Paris-based think tank OECD.However, the Organisation for Economic Cooperation and D...

India inks $273 million loan pact with ADB for funding rural roads

SEBI, stock exchanges step up surveillance to tackle volatility in markets following Bihar polls results

To ring-fence the capital markets from any possible systemic issues and manipulations today, regulator SEBI and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to defeat of the BJP-led alliance in Bihar polls. AIR corresp...

Defeat in Bihar elections have no impact on economic reforms process: FM

Finance Minister Arun Jaitley has said the defeat in Bihar elections have no impact on the economic reforms process in the country. He said the structural reforms will continue at a rapid pace. Mr jaitley said this in an interview to a private news channel in New Delhi. Admitting that some irrespons...

SEBI, stock exchanges step up surveillance to tackle volatility in markets following Bihar polls results

To ring-fence the capital markets from any possible systemic issues and manipulations today, regulator SEBI and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to defeat of the BJP-led alliance in Bihar polls. AIR corresp...

Thermal coal imports surge 18 percent in 1st 7 months

Thermal coal imports surged 18 percent at the country's top 12 major ports to 55.90 million tonnes in the first seven months of the current fiscal, amid government efforts to boost domestic output, led by state-owned Coal India Ltd. These ports had handled 47.23 MT of coal during the April ...