ECONOMY

  • Rupee up 4 paise against dollar in early trade December 26, 2014

    Mumbai: The rupee strengthened by four paise to 63.47 against the dollar in early trade on Friday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters and banks. Besides, a higher opening in the domestic equity market supported the rupee but the dollar's gains against...
  • Sensex gains 33 points in choppy trade, ends at 27,241.78 points December 26, 2014

    Mumbai: The BSE benchmark Sensex gained over 33 points to close at 27,241.78 and NSE Nifty reclaimed the 8,200-mark to register their first rise in three days. A smart rise towards the fag-end in TCS, HDFC, L&T, Sun Pharma, Hindalco, Sesa Sterlite, SBI, Infosys, HDFC Bank, Tata Steel and RIL mainly...
  • Government may cap economy air fares at Rs 20,000 December 25, 2014

    New Delhi: Government is considering to cap economy air fares at Rs 20,000 to check airlines from charging "exorbitant" fares or unleashing predatory pricing, affecting their own financial health. The proposal comes in the backdrop of SpiceJet episode, which had come out with a series of low-fare offers throughout the...
  • Rupee loses 23 paise against dollar at 63.51 against dollar December 24, 2014

    Mumbai: Month-end dollar demand from oil companies and persisting selling by foreign funds in stocks dragged the rupee down by 23 paise to 63.51 at close against the US currency on Wednesday. At the Interbank Foreign Exchange (Forex) market, the rupee commenced lower at 63.43...
  • Third-quarter US economic growth strongest in 11 years December 24, 2014

    Washington: The US economy grew at a 5 per cent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending...
  • Rupee loses 3 paise against dollar at 63.28 December 23, 2014

    Mumbai: The Indian rupee on Tuesday lost three paise at 63.28 against the dollar due to sustained capital outflows and fresh demand for the US currency from banks and importers. At the Interbank Foreign Exchange (Forex) Market, the rupee hovered in a range of 63.24 and 63.50 per dollar before...
  • Indian trade policies delayed American export to India: USITC December 23, 2014

    Washington: Restrictive Indian trade policies have delayed American export and investment to India, a USITC report has said with the US lawmakers asking the Narendra Modi government to address these significant areas of concern as both countries work to strengthen economic relations. "US exports to and investment in India would...
  • Manmohan Singh conferred the Second Asia Cosmopolitan Award December 22, 2014

    New Delhi: Former prime minister Manmohan Singh has been conferred another prestigious Japanese award, the Second Asia Cosmopolitan Award, for "transforming India's economy and its integration with the broader East Asian economy throughout his tenure". The Second Asia Cosmopolitan Award includes two scholars on East Asia and two cultural icons. The award...
  • Common man to benefit from GST; states to gain from Day 1, says Arun Jaitley December 22, 2014

    New Delhi: The proposed Goods and Services Tax (GST) will benefit most of the states from Day 1 and industries and common man also stand to gain, Finance Minister Arun Jaitley said on Monday. Speaking at the meeting of the Parliamentary Consultative Committee attached to...
  • India's 2014-15 GDP growth seen at around 5.5 per cent December 19, 2014

    New Delhi: India's economy is expected to grow at around 5.5 per cent in the fiscal year to March 2015, the Finance Ministry said in a report tabled in Parliament on Friday. If the forecast materialises, it would mark an improvement from two successive years of below 5 per cent growth. The...
  • Rupee up 11 paise against dollar in early trade December 19, 2014

    Mumbai: The rupee gained another 11 paise to trade at 63.00 against the dollar in early morning session at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Forex dealers said besides selling of the American currency by exporters, a higher opening in the domestic stock...
  • Sensex up over 200 points, Nifty above 8200 December 19, 2014

    Mumbai: The Sensex is up 208.90 points or 0.8 per cent at 27335.47, and the Nifty is up 59.85 points or 0.7 per cent at 8219.15. About 1017 shares have advanced, 183 shares declined, and 32 shares are unchanged. The market has opened higher. The Sensex is up 166.08 points...
  • Rupee down 34 paise against dollar in early trade December 17, 2014

    Mumbai: Extending its losses for the third straight day, the rupee fell by 34 paise to trade at fresh 13-month low of 63.87 against the dollar in early trade on Wednesday as the US currency strengthened overseas amid increased capital outflows. Forex dealers said besides the dollar's gains against other currencies...
  • Sensex drops for 5th day; ends 71 points lower in volatile trade December 17, 2014

    Mumbai: Extending its fall for the fifth straight session, the benchmark BSE Sensex closed down by 71 points at 26,724.01 due to selling in auto, FMCG and pharma stocks amid continued capital outflows and weakness in rupee. The 30-share index opened lower at 26,724.01 on sustained selling in line with a...
  • Russia facing very serious economic situation: US December 17, 2014

    Washington: The US on Tuesday said that Russia is facing a serious economic situation in view of a sharp decline in Russian currency and attributed this to a series of international sanctions imposed by Washington after Moscow's actions in Ukraine. "The combination of our sanctions, the uncertainty they've created for themselves...
  • China industrial activity shrinks in December, calls grow for more stimulus December 16, 2014

    Beijing: Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/Markit manufacturing purchasing managers' index(PMI) fell to 49.5 in December...
  • Outlook business catalist 2014: Showcasing power of social enterprises December 14, 2014

    Outlook business catalist 2014 applauds people who have transformed India with good business. ...
  • Alibaba founder Jack Ma richest Asian: Survey December 13, 2014

    Beijing: Jack Ma, the founder of China's biggest e-commerce company Alibaba, has been ranked as Asia's richest person by a Bloomberg survey published on Friday. According to the Bloomberg Billionaires Index, the 50-year-old Ma, with a net worth of $28.6 billion, surpassed Li Ka-shing, the Hong Kong property and ports tycoon,...
  • Rupee recovers after hitting over 10-month low, ends at 62.29 vs dollar December 12, 2014

    Mumbai: The Indian rupee on Friday fell to over ten-month low of 62.50 against the greenback but bounced back to end at 62.29 on selling of dollars by state-run banks on behalf of the RBI. The rise on Friday helped the rupee snap four days of decline where it cumulatively lost...
  • Rupee tumbles to 10-month low vs dollar, down 31 paise at 62.33 December 11, 2014

    Mumbai: The rupee on Thursday plummeted to 10-month low of 62.33 versus the greenback, down 31 paise, on strong dollar demand due to oil firms stepping up purchases of crude oil trading near 5-year lows and a weak trend in shares. Logging its fourth consecutive session of decline, the local currency...
  • India agrees to cut stakes in state banks; could raise $1.6 trillion December 11, 2014

    New Delhi: The Cabinet approved plans to raise about Rs 1.6 trillion ($25.76 billion) by selling some of its stakes in state-run banks by 2019, a government statement said on Wednesday. The government holds stakes ranging from 56 per cent to 84 per cent in 27 state-run banks. They account for...
  • Rupee falls to over 1-week low vs US dollar, down 14 paise at 62.02 December 10, 2014

    Mumbai: Falling for the third day, Indian rupee on Wednesday weakened by 14 paise to close at over one-week low of 62.02 against the Greenback on sustained dollar demand from importers and fresh capital outflows. Some hesitancy in local equities and a stable dollar overseas had no major impact on the...
  • Rupee down 7 paise against dollar in early trade December 9, 2014

    Mumbai: The rupee depreciated by another 7 paise to 61.90 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on sustained demand for the American currency from banks and importers amid a weak opening in the equity market. Besides, widening current account deficit to $10.1 billion...
  • Rupee down 17 paise against dollar in early trade December 8, 2014

    Mumbai: The rupee weakened by 17 paise to 61.94 against the US dollar in early trade on Monday on fresh demand for the American currency from banks and importers. Gains in the US dollar against major global currencies after data last week showed a better-than-expected jump in US jobs creation put...
  • Rupee gains 12 paise against dollar in early trade December 5, 2014

    Mumbai: The rupee strengthened by 12 paise to 61.80 against the dollar in early trade on Friday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid persistent foreign capital inflows. Forex dealers said besides increased selling of the American currency by exporters and...
  • Sensex falls 104.72 points to end at 28,458.10; Nifty closes at 8,538.30 December 5, 2014

    Mumbai: The Sensex on Friday witnessed a fall of 104.72 points to end at 28,458.10 while Nifty slipped by 26.10 points to close at 8,538.30. Earlier in the day, rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign...
  • Rupee down 4 paise against dollar in early trade December 4, 2014

    Mumbai: The rupee weakened by four paise to 61.95 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers. Forex dealers said besides the dollar's gain against other currencies in the global markets, increased demand for...
  • Sensex rises 120 pts, Nifty hits new peak; ITC in limelight December 4, 2014

    Mumbai: The benchmark Sensex on Thursday bounced back to end with a gain of 120 points and Nifty jumped 26.75 points after rising to new lifetime high on the back of heavy buying in ITC shares on buzz that the government will not ban sales of loose cigarettes. Global cues were...
  • Bullet News: Catch the day's top stories December 3, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • Rupee down 5 paise against dollar in early trade December 3, 2014

    Mumbai: The rupee declined by 5 paise to 61.93 against the US dollar in early trade at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers. Forex dealers said apart from the gain in the dollar against other currencies in the global markets on impressive...