Business
Today BSE Sensex made a little recovery by gaining 58 points in early trade due to shares of Coal India, Wipro, TCS and Bajaj Auto led the gains on value-buying by participants after recent losses. However, caution prevailed ahead of a host of macroeconomic numbers such as IIP and inflation data, to be released this […]
After sliding for three straight days, the rupee recovered 10 paise to 63.90 against the US dollar in early trade today at the InterbankForeign Exchange on selling of the American currency by exporters and banks. Forex dealers said a lower opening in the domestic equity markets and dollar’s strength against other currencies overseas capped the gains. […]
Buoyed by the country’s GDP growth of 7.3 per cent in FY 2014-15, Union Finance Minister Arun Jaitley today said India has the potential to improve the economic growth to double-digit. “The country has the potential of taking the economic growth to double-digit. The government will take appropriate action in the regard,” Jaitley told reporters […]
India has overtaken China to become the world’s fastest growing economy by gaining 7.5 per cent GDP for the Jan- March quarter, prompting Finance Minister Arun Jaitley to say that the economy is clearly on “a recovery path”. The economic growth rate on sequential basis improved from 6.6 per cent in the third quarter (October-December) […]
Continuing its weakness for the third straight day, the rupee dropped below the 64 mark, falling 17 paise, to quote at 64.15 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange as the American currency firmed up overseas on strong economic data. Besides, increased demand for the dollar from importers and […]
Both BSE Sensex and CNX Nifty continued their north-bound journey for the third consecutive week, surging 634 points and 197 points, respectively, to log their 5-week closing highs on the back of a host of positive factors. The market posted smart gains in three out of five alternate trading sessions of the week. The markets […]
The government is considering allowing banks to utilise gold mobilised under the monetisation scheme for meeting mandatory liquidity requirements set by the Reserve Bank. “To incentivise banks, it is proposed that they may be permitted to deposit the mobilised gold as part of their CRR/SLR requirements with RBI. This aspect is still under examination,” a […]
Finance Minister Arun Jaitley today said corruption has been removed from India’s political dictionary under Prime Minister Narendra Modi and that there is a thrust towards reforms and liberalisation without crony capitalism and harassment. Marking a year in office of the BJP-led NDA government at the Centre, he launched an all-round attack on UPA government […]
Minister Arun Jaitley on Sunday outlined the road map for the second year of the NDA government which includes making taxation more reasonable and improving the ease of doing business in India. Maintaining the speed of reforms and eliminating discretions would be the thrust areas of the government going forward as it completes one year […]
Prices of fuel including petrol and diesel have increased by Rs 3.13 for petrol and Rs 2.71 for diesel per litre. New rates will be effective from tonight.This is the second straight steep increase in rates this month. New fuel rates for Petrol in Ahmedabad will be Rs 69.68, in Rajkot it will be Rs […]
