The rupee on Wednesday fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate. ...
10:28 AM, Mar 20, 2013
Key benchmarks fell for the fourth successive session on Wednesday, as concerns over the continuity of policy reforms and a slowing economy kept buyers at bay. The 30-share BSE Sensex fell 123.91 points to close at 18884.19. With this, the index has shed 686 points in the last four sessions. ...
09:53 AM, Mar 20, 2013
Egyptian President Mohammad Morsi arrived in India on Tuesday for talks to boost bilateral trade and technological cooperation. ...
10:05 AM, Mar 19, 2013
A plan to seize up to 10 per cent of savings accounts in Cyprus to help pay for a (EURO)15.8 billion ($20.4 billion) financial bailout was met with fury on Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the island nation from bankruptcy. ...
06:35 AM, Mar 19, 2013
The Reserve Bank of India (RBI) is expected to cut its key policy rate on Tuesday for the second time in 2013 to help revive a faltering economy, taking comfort from moderating core price pressures and the government's commitment to trim the fiscal deficit. ...
05:28 AM, Mar 19, 2013
Nepal and Bangladesh are reducing poverty faster compared to India, according to a new study based on the multidimensional poverty index developed at the University of Oxford and used by the UN Development Programme (UNDP) in its Human Development Reports. ...
03:36 AM, Mar 19, 2013
Finance Minister P Chidambaram said on Monday he wanted to remove or relax "outdated" caps on foreign direct investment (FDI) in different sectors, as his government struggles to revive an economy that has posted its weakest growth in a decade. ...
11:52 PM, Mar 18, 2013
Finance Minister P Chidambaram will meet heads of public sector banks on Monday to take stock of their concern amid moderating growth and slowdown in investment. ...
01:18 PM, Mar 17, 2013
The Finance Ministry feels there is a case for a rating upgrade of India by at least a notch or so and agencies like Standard & Poor's and Fitch would be conveyed this view when they visit India next month. "I strongly believe there is a case for S&P and Fitch to upgrade. Even if it is one only notch or two notch above, but certainly there is no case...
11:56 AM, Mar 17, 2013
The rupee on Friday gained 24 paise to 54.11 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas, also supported the domestic currency. ...
09:58 AM, Mar 15, 2013
The Bombay Stock Exchange benchmark Sensex on Friday fell by nearly 143 points on heavy selling in private banks, including ICICI Bank and HDFC Bank, following government's promise that action will be taken if any person is found guilty in the alleged money laundering scam. ...
09:26 AM, Mar 15, 2013
India's wholesale price index (WPI) marginally rose to 6.84 per cent from 6.62 per cent in January. The WPI, the key inflation measure, rose 6.54 per cent in December 2012 - the slowest annual rise since November 2009, according to the median forecast of 30 economists. The reading was 6.62 per cent in January. ...
12:00 PM, Mar 14, 2013
The rupee on Thursday weakened by 10 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers. ...
09:44 AM, Mar 14, 2013
Describing the current economic atmosphere in India as "deeply troubling", top American lawmakers and experts on Wednesday said the country needs to take urgent steps towards the next phase of reforms to boost economic growth. ...
01:48 AM, Mar 14, 2013
Air India has decided to add more economy class seats by reducing business class seats in its 24 narrow body aircraft as the airline has been witnessing more passengers in that class. ...
10:50 PM, Mar 13, 2013
India's recent budget should have a softening effect on inflation, Reserve Bank of India (RBI) governor Duvvuri Subbarao said on Wednesday. "Given the circumstances, I think it's (the budget) very measured and responsible," he told students in London. ...
10:36 PM, Mar 13, 2013
Global financial institutions HSBC and Morgan Stanley lowered India's economic growth forecast for the next financial year to 6 per cent from 6.2 per cent earlier due to challenging domestic and external environments and lower-than-expected expansion in the current fiscal. According to an HSBC report, despite signs of growth stabilisation in Asia's third largest economy, the recovery is likely to prove a bit more protracted. ...
08:39 PM, Mar 13, 2013
The rupee on Wednesday gained 14 paise to 54.04 against the dollar in early trade at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. ...
09:58 AM, Mar 13, 2013
Falling for third straight day, the BSE benchmark Sensex on Wednesday tumbled by 202.37 points to one-week low of 19,362.55 on heavy selling in banks, auto and consumer durable shares due to fading rate cut hopes and fresh growth concerns, amid a weakening global trend. Besides rate-sensitive counters, shares from metal, IT, PSU and refinery sectors also were at the receiving end as 12 out of 13 sectoral indices ended...
09:34 AM, Mar 13, 2013
Amidst opposition to nuclear power in the country, International Atomic Energy Agency (IAEA) Director General Yukiya Amano said nuclear energy is vital for India's growth. ...
05:19 PM, Mar 12, 2013
