Price of petrol cut by 2 rupees 43 paise a litre and diesel by 3 rupees 60 paise per litre

Price of petrol has been cut by 2 rupees 43 paise a litre and that of diesel by 3 rupees 60 paise per litre, excluding local taxes. The reduced prices came into effect from midnight Friday night.According to new rates Petrol in Delhi will now cost 64 rupees 47 paise per litre, while diesel will cost...

Crude oil prices in international market plummeted

Crude oil prices in the international market plummeted Friday as traders digested the latest OPEC signal that crude production would not be cut despite global over supply and falling prices. US benchmark West Texas Intermediate for September delivery dived almost 3 per cent, shedding 1.40 US Dollar ...

National Investment and Infrastructure Fund will be operational by end of this year: Jayant Sinha

Minister of State for Finance Jayant Sinha has said that the National Investment and Infrastructure Fund, NIIF, will be operational by the end of this year. Briefing media in New Delhi Friday, Mr Sinha said, the NIIF will provide equity finance to core sector projects to boost economic activity. He ...

3,785 women directors in country's listed companies: Jayant Sinha

Minister of state for Finance Jayant Sinha today said there are 3,785 women directors in listed companies of the country as on July 27th. Replying to supplementaries in the Lok Sabha, Mr Sinha said the government has not issued any directive to Securities and Exchange Board of India to ensure appoin...

Govt clears seven FDI proposals worth Rs 981.15 cr

Government has cleared seven foreign direct investment proposals. The proposals worth 981.15 crore rupees have been cleared by the Finance Ministry following recommendations by the Foreign Investment Promotion Board, FIPB. Hathway Cable and Data Com Ltd have got approval for increasing foreign inves...

SEBI proposes joint task force to check illicit money pooling

Securities and Exchange Board of India, SEBI has proposed a joint task force of financial regulators and intelligence agencies to check illicit money pooling of small unlisted companies and bring them under regulatory ambit. Under the existing regulations, any fund-raising worth Rs 100 crore or more...

Govt clears seven FDI proposals worth Rs 981.15 cr

Government has cleared seven foreign direct investment proposals. The proposals worth 981.15 crore rupees have been cleared by the Finance Ministry following recommendations by the Foreign Investment Promotion Board, FIPB. Hathway Cable and Data Com Ltd have got approval for increasing foreign inves...

Rupee strengthens by 6 paise to 63.85 against dollar in early trade<br/>

The rupee strengthened by 6 paise to 63.85 against the dollar in early trade today on increased selling of the US currency by exporters and banks amid firm domestic equity markets. Forex dealers said, weakness in the dollar against other currencies overseas also supported the rupee. Yesterday, the r...

SEBI cancels Sahara's mutual fund licence

Global Oil prices fall to near 6-month lows, rattled by China

Global crude oil prices fell for a fifth straight session, dropping to their lowest in almost six months, today, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world&apos;s top commodities consumer. Brent crude oil futures fell 78 cents, to 52.69 dollar...