Business
The government is considering importing onions to boost domestic availability of the commodity and prevent spike in its prices. Retail prices of onion have already risen by up to 40 per cent in metro cities in the last one year. The maximum increase in prices is seen in Delhi, where onion is costing Rs 34/kg […]
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said today. “Will put additional USD 1.8 billion in PSU banks apart from USD 1.2 billion budgeted this year,” he told reporters […]
The rupee declined by 3 paise to 63.65 against the US dollar in early trade on Friday, extendingweakness for the second day, at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Besides, month-end demand for the American currency from importers and a lower opening in the domestic equity market, weighed on […]
The benchmark BSE Sensex fell almost 172 points to 27,724.12 in early trade on Friday on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues. The 30-share index, which had gained 166.30 points in the previous session, fell by 171.85 points or 0.61 per […]
The Chairman and CEO, Soft Bank Corporation, Mr. Masayoshi Son, the Chairman, Bharti Enterprises, Shri Sunil Bharti Mittal and the Senior MD of the Japan Bank for International Cooperation, Mr. Tadashi Maeda call on the Prime Minister, Shri Narendra Modi in New Delhi on June 22, 2015.
The path to 10 per cent growth in Indian economy is not impossible, Finance Minister Arun Jaitley has said citing economic reforms, policy changes along with a good monsoon as the basis for his optimism. “This (10 per cent growth rate) is reasonably possible. That is where India’s potential is,” Jaitley said at an event […]
India’s 7.5 % economic growth rate is not its “best potential growth rate” and there is “restlessness” in the Narendra Modi-led government to boost economic growth and set higher GDP targets in the coming? years, Union Finance Minister Arun Jaitley has said. Jaitley, who began his 10-day visit to the US yesterday, said that he […]
On Monaday The government raised petrol prices by 64 paise per litre and cut diesel prices by Rs 1.35 litre. This is the 3rd increase in petrol price since May. However, in case of diesel, the reduction has halted two consecutive increases during last month.
Todaybenchmark BSE Sensex gains 161 points to 26,586.55 on account of better-than-expected factory output data and steady inflation, while value-buying in beaten-down stocks also added to the upside. Besides, sentiment also turned positive on reports of steady progress in monsoon, traders said. Industrial production grew at a two-month high of 4.1 per cent in April, […]
Indian economy saw the “strongest growth” in the first quarter of 2015 among large economies, including China, the US, Germany and Canada, according to Paris-based think tank OECD. Data compiled by the Organisation for Economic Cooperation and Development (OECD) showed that overall GDP growth in the G-20 area was slightly lower at 0.7 per cent […]
