Rupee strengthens 46 paise against dollar

At the interbank foreign exchange market, the rupee strengthened by a hefty 46 paise, to a fresh one-month high of 61.72 against the dollar, in early trade. The rally in the domestic stock markets, and the dollar's weakness against other Asian currencies helped lift the rupee.

Sensex surges more than 650 points over RBI's rate cut

The domestic stock markets cheered the surprise rate cut by the Reserve Bank. So after a very strong opening, the Sensex at the Bombay Stock Exchange remained extremely firm, and had shot up a mammoth 667 points, or 2.4 percent, to regain the 28,000-mark, at 28,014 in afternoon trade, a short while ...

RBI decision to cut repo rate will help in lifting mood of investors: CII

The Confederation of Indian Industry has hailed the RBI decision to cut repo rate and said that it will help to lift the mood of investors who have been grappling with subdued demand conditions. CII Director General, Chandrajit Banerjee said, the cut in repo rate will also send a strong signal down ...

Arun Jaitley hails RBI decision to cut interest rate

Finance Minister Arun Jaitley hailed the decision of RBI to cut the interest rate, saying it is positive for the Indian economy and will certainly help in reviving the investment cycle the government is trying to restore. He said, the RBI decision to cut the interest rate will lead to more money in ...

Rory Mcllroy to vie for top honors at Abu Dhabi Golf Championship

The Abu Dhabi Golf Championship gets underway at the Abu Dhabi Golf Club today. Top Golfers from all over the world are taking part in championship. The 10th anniversary edition of the tournament will have big names like Rory Mcllroy and Henrik Stenson with Justin Rose and Martin Keymar vying for to...

India's Internet economy can reach $200 billion by 2020: Ravi Shankar Prasad

Telecom Minister Ravi Shankar Prasad has said that fast paced growth in computer literacy and greater use of data on mobiles will help India's Internet economy grow to 200 billion US dollars or 5 per cent of the GDP by 2020. Mr Prasad said this at the India Digital Summit in New Delhi yeste...

India will catch up with China's growth rate in 2016-17: World Bank

The World Bank has said that India will catch up with China's growth at 7 per cent in the year 2016-17. The World Bank's forecast came as it released the 'Global Outlook: Disappointments, Divergences, and Expectations Global Economic Prospects' in Washington.World...

Role of IT sector crucial to promote e-governance: Jaitley

Govt sanctions Rs 996 crore investment in Central Power Research Institute

Government has approved investment of Rs 996 crore for capital projects of Central Power Research Institute (CPRI). This will support augmentation of High Power Short Circuit Facilities as well as establishment of new test facilities in existing laboratories of CPRI. The investment would serve the g...

Govt takes lot of initiatives to take economy on higher growth path: Arun Jaitley