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India outpaces steel producers with 5.8% growth

India outpaces steel producers with 5.8% growth

India, the world’s fourth largest steel maker, logged 5.86 per cent growth in production in 2012-13 – the highest among major global producers, World Steel Association has said. According to…

Sensex slumps 65 points to hit new 1-month low

Sensex slumps 65 points to hit new 1-month low

The BSE benchmark Sensex today closed down by nearly 65 points to hit a new one-month low on selling mainly in consumer durables, and interest rate sensitive banking and realty…

India’s economic growth falls to decade low of 5% in 2012-13

India’s economic growth falls to decade low of 5% in 2012-13

Pulled down by poor performance of farm, manufacturing and mining sectors, economic growth slowed to 4.8 per cent in the January-March quarter and fell to a decade’s low of 5…

Gold futures weaken on global cues

Gold futures weaken on global cues

Gold futures prices today fell by 0.32 per cent to Rs 26,550 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend as firming…

Oil down on China worries, US stockpiles buildup

Oil down on China worries, US stockpiles buildup

Oil prices were lower in Asian trade, dragged down by prospects of weaker crude demand from China and a buildup in US stockpiles, analysts said. New York’s main contract, West…

FM pegs fuel subsidy for current fiscal at Rs 20,000 cr

FM pegs fuel subsidy for current fiscal at Rs 20,000 cr

A day after agreeing to dole out a record Rs 100,000 crore in fuel subsidy for 2012-13, Finance Minister P Chidambaram said cash payouts to oil firms this fiscal will…

Liquor rates hiked by Delhi govt as much as 11%

Liquor rates hiked by Delhi govt as much as 11%

Tipplers will have to shell out more to buy liquor in the capital with the Delhi Government approving a hike in alcohol rates as part of new excise policy. As…

Govt gets power to arrest service tax defaulters

Govt gets power to arrest service tax defaulters

Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the Revenue department officials…

Diesel price hike is credit positive for oil cos like HP Corp: Moody’s

Diesel price hike is credit positive for oil cos like HP Corp: Moody’s

Last week’s about Re 1 a litre hike in diesel prices will help state-owned retailers to cut losses they make on selling the fuel at government controlled rates, Moody’s Investors…

India offers unlimited investment opportunities in infra sector: FM

India offers unlimited investment opportunities in infra sector: FM

London, May 17, 2013: ¬†Finance Minister P Chidambaram has said that India offers “unlimited” opportunities for investment in infrastructure sector as the country needs more roads, airports and seaports. “What…