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RBI keeps repo rate unchanged

RBI keeps repo rate unchanged

Mumbai, Oct 30, 2012: The Reserve Bank of India on Tuesday left its key policy rate unchanged in its second quarter (July-September) monetary policy. However, it cut cash reserve ratio…

Road map soon to raise oil consumption to 6 barrels/day: Moily

Road map soon to raise oil consumption to 6 barrels/day: Moily

New Oil Minister M Veerappa Moily today promised expeditious decision making as he set a target for more than tripling of oil consumption in the country to boost economic growth.…

Govt considering hike in import duty on white sugar: Thomas

Govt considering hike in import duty on white sugar: Thomas

The government is considering raising import duty on white sugar to 20 per cent to check it from flooding the domestic market, Food Minister K V Thomas said today. The…

Inflation rises to 7.81% as wheat, diesel prices soar

Inflation rises to 7.81% as wheat, diesel prices soar

New Delhi, Oct 15, 2012: Inflation rose to its highest level this fiscal at 7.81 per cent in September as prices of wheat, cereals and diesel soared, a development that…

OMCs to fast track fool-proofing of gas delivery

OMCs to fast track fool-proofing of gas delivery

Mumbai, Oct 14, 2012:  Oil marketing companies have decided to bring in technological interventions with a view to remove bottlenecks in distribution system and aim to make the system fool-proof…

Prices of some commodities move up, others same

Prices of some commodities move up, others same

Chennai, Oct 13 ,2012: Prices of some commodities firmed up while that of few others remained unaltered in the wholesale foodgrains market here during the week ended today. Thoor dal…

Sensex down 127 points in opening trade in opening trade

Sensex down 127 points in opening trade in opening trade

Mumbai, Oct 10 ,2012: The Bombay Stock Exchange (BSE) benchmark Sensex fell by over 127 points in opening trade on Wednesday on emergence of profit selling by funds and retail…

Rupee rises to near 6-month high of 51.41 against dollar

Rupee rises to near 6-month high of 51.41 against dollar

The rupee gained 33 paise to nearly six-month high of 51.41 against the dollar in early trade on Friday on strong capital inflows and a firming trend in the stock…

Forex reserves slip $500 mn to $293.97 bn

Forex reserves slip $500 mn to $293.97 bn

The foreign exchange reserves fell by $502.4 million to $293.97 billion due to fall in the currency assets, according to Reserve Bank data released on Friday. The total reserves had…

Fitch lowers India’s 2012-13 growth forecast to 6 per cent

Fitch lowers India’s 2012-13 growth forecast to 6 per cent

Rating agency Fitch has lowered India’s growth projection for the current financial year to 6 per cent from 6.5 per cent estimated earlier , citing challenging economic outlook. India’s economic…