India's trade deficit to an 11 month low of 8.3 Billion Dollar in January 2015

India's trade deficit narrowed to an 11 month low of 8.3 Billion Dollar in January 2015 due to the sharpest contraction in imports since May last year. The trade deficit during April to January period of this fiscal stood at 118 Billion Dollar. Exports sharply contracted 11.19 per cent in J...

Reserve Bank to bring back currency note of one rupee denomination

After a gap of almost two decades, the Reserve Bank is all set to bring back the currency note of one rupee denomination. An RBI press release issued from Mumbai has informed that the notes, to be printed by the Government of India will soon be back into circulation. The government had discontinued ...

Centre today invites bids for two mines on the first day in maiden auction for Coal blocks

In the maiden auction for Coal blocks, the Centre will today invite bids for two mines on the first day. After clearing the technical bidding stage, entities from Reliance, Adani, Essar, GMR, Vedanta and Aditya Birla groups are eligible for the bidding beginning today for these blocks.The Supreme Co...

RBI to bring back one rupee notes soon

RBI to bring back one rupee notes after 20 years

Forex reserves swells to over $300 billion

India's foreign exchange reserves have swelled by 2.33 billion dollars to touch a new high of 330.213 billion dollar for the week ended 6th February. An RBI press release has said that foreign currency assets, a major part of the overall reserves, increased by 1.633 billion dollars to 304.9...

RBI to bring back one rupee notes after two years

Gold recovers on wedding season demand, global cues

Gold rose Rs 40, to Rs 27,670 per ten grams at Delhi's bullion market today on wedding season buying by jewelers and retailers, and a firm global trend. Silver gained Rs 450, to Rs 38,100 per kilo, on increased off take by industrial units and coin-makers. Silver coins remained steady, at R...

BPCL reports Q3 net profit at Rs 551.16 crore

PSU oil marketing company, Bharat Petroleum CorporationLimited today reported a quarterly net profit of Rs 551 crore on the back of full compensation for losses on fuel sales. BPCL had reported a net loss of 1,089 crores in the year-ago quarter. The government paid Rs 1,080 crore in cash subsidy, wh...

IIP slows to 1.7% in Dec ; Retail Inflation rises to 5.11% in Jan

Growth in industrial production slowed to 1.7 per cent in December last year, from 3.9 percent in November, mainly due to contraction in the mining sector. But growth in factory output in December last year, as measured by the Index of Industrial Production, was better than the 0.1 percent growth in...