Business News

Inflation at 44-month high of 7.83%

PTI - 07:45 PM

New Delhi, May 16 (PTI) An unabated rise in inflation to 44-month high of 7.83 per cent has added to the miseries of the government as Finance Minister P Chidambaram warned of more administrative steps in case steel and cement prices do not come to the desired level.

  • No new LPG connections: PSU oil firms PTI - 06:25 PM

    New Delhi, May 16 (PTI) Faced with a whopping Rs 200,000 crore revenue loss on fuel sales this fiscal, state-run oil firms have decided not to issue new domestic LPG connections and fix quota for

  • Sensex up by 81 pts despite rise in inflation PTI - 06:25 PM

    Mumbai, May 16 (PTI) Stock market today shrugged off high inflation numbers with its third consecutive day of gain as its benchmark Sensex rose 81 points on strong buying in banking majors like

  • WB approves USD 600 mn credit for Sarva Shiksha Abhiyan PTI - 03:49 PM

    Dharam Shourie New York, May 16 (PTI) The World Bank has approved a USD600 million credit to support the India's ongoing Sarva Shiksha Abhiyan, a nationwide centrally sponsored education

  • UN revises world economic growth downwards to 1.8 pc for 2008 PTI - 03:01 PM

    Dharam Shourie New York, May 16 (PTI) Warning that the world economy is now "teetering on the brink of a severe global downturn," the United Nations said it expects growth this year to be

  • Manipal to get Rs 1,435 cr FDI; FM clears 18 proposals PTI - 02:15 PM

    New Delhi, May 16 (PTI) Finance Minister P Chidambaram has approved 18 FDI totalling Rs 1,820.24 crore, including Manipal Educational Group's to induct foreign investment of Rs 1,435 crore in a holding company and US-based Freightcar to set up a joint venture for railcars.

  • RIC favours enhancing business ties PTI - Thu, May 15

    Yekaterinburg (Russia), May 15 (PTI) Favouring greater interaction amongst their business communities, the Russia-India-China (RIC) Trilateral forum today decided to hold special conclaves to

  • India's growth robust, irreversible: World Bank PTI - Thu, May 15

    Mumbai, May 15 (PTI) India's growth, despite current crisis of spiraling inflation, was robust and irreversible, a top World Bank official has said .

  • Govt hopes for more cut in cement prices to tame inflation PTI - Thu, May 15

    New Delhi, May 15 (PTI) Government today said it expects further cut in cement prices for taming inflation, but ruled out reduction in import duties on crude oil, claiming the measure would not

  • Silver falls, Gold prices remain steady on poor demand PTI - Thu, May 15

    New Delhi, May 15 (PTI) Silver prices fell by Rs 160 at Rs 23,220 per kg, while gold prices ruled steady in the bullion market here today on poor demand.

  • Chidambaram rules out cut in import duty on crude oil PTI - Thu, May 15

    New Delhi, May 15 (PTI) Finance Minister P Chidambaram today ruled out cut in import duty on crude oil, which has been ruling above USD 120 a barrel in the international market resulting in

  • Chidambaram favours further cut in cement prices PTI - Thu, May 15

    New Delhi, May 15 (PTI) A day after the cement companies agreed to cut prices between Rs 3 and Rs 7.

  • India's core infra growth at 9.6 pc in March PTI - Thu, May 15

    New Delhi, May 15 (PTI) India's core infrastructure industries grew by 9.6 per cent in March 2008, against 10.

  • India, Russia, China FMs discussing wide range of issues PTI - Thu, May 15

    Vinay Shukla Yekaterinburg (Russia), May 15 (PTI) India, Russia and China today kicked off a trilateral meeting here to discuss a wide range of regional and global issues including counter-

  • Thu, May 15

    Mumbai, May 15 (PTI) The rupee today recovered marginally by 10 paise to 42.34/35 against the greenback in late morning deals on firm equity markets and some dollar selling by exporters at higher levels. In quite trade at the Interbank Foreign Exchange (Forex) market, the Indian unit opened rock steady at 42.44/45 a dollar from overnight close but later recovered to quote at 42.

  • Markets improves further on firm global cues PTI - Thu, May 15

    Mumbai, May 15 (PTI) Smart rally in capital goods, banks and realty counters helped the benchmark Sensex to extend its overnight gains by 224 points at 1030 hours.

  • High inflation not because of govt policies: Montek PTI - Wed, May 14

    New Delhi, May 14 (PTI) High spate of inflation that country is facing since March was not a result of any government policy, Planning Commission Deputy Chairman Montek Singh Ahluwalia said

  • Rupee falls to 13-month low against dollar PTI - Wed, May 14

    Mumbai, May 14 (PTI) Rupee today tumbled by another 34 paise to a fresh 13-month low of 42.44/45 against the US currency following good demand for dollar, mainly from oil refiners.

  • Backed by metal and IT stocks, Sensex gains 225 pts PTI - Wed, May 14

    Mumbai, May 14 (PTI) The Bombay Stock Exchange benchmark Sensex today gained 225 points on the back of rally in Infosys, TCS and Tata Steel.

  • India-US FTA talks hinges on opening of agriculture sector: US PTI - Wed, May 14

    New Delhi, May 14 (PTI) The US today said prospects of a free trade agreement with India are "too pre-mature" as it depends on the opening of market for agricultural products, though progress has

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