Economy showing signs of recovery: FM
Pranab Mukherjee said higher investment was needed to return the economy to a higher growth path
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Pranab Mukherjee said higher investment was needed to return the economy to a higher growth path
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Hydropower plants at 40% of capacity on weak rains; Govt guarantees power supplies to top grain states
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India saw the driest June in 83 years, followed by subnormal rainfall in the first week of July
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Civil aviation minister Praful Patel says the government is considering injecting funds into the ailing national carrier by way of equity and debt as an IPO is unlikely at present
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World Bank said that India, China and Mexico retain their position as the top recipients of migrant remittances among developing countries. All about Re | Forex Converter
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The rupee gained on Tuesday, snapping a two-day losing streak as the share market surged more than 3 per cent and other Asian currencies rose.
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The rupee continued to closely mirror the domestic share market in afternoon trade on Tuesday with gains in other Asian units also supporting sentiment.
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The dollar index – gauge of the dollar’s movement against six major currencies – was up 0.1% by 1 pm.
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The rupee strengthened on Tuesday after dropping for two consecutive sessions as a bounce in Asian stocks raised expectations of capital inflows into the domestic stock market.
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The company’s home retailing subsidiary has been a drag on its consolidated performance
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The rise in bad loans during the June quarter was marginal, with gross non-performing assets increasing to 2.1% of gross advances as on 30 June, compared with 1.98% at the end of March
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BSE index ended up 3.38%, or 453.38 points, at 13,853.70, its best close in a week, after rising as much as 3.75% during trade. The 50-share NSE index rose 3.46% to 4,111.40
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Sony India, which today launched its latest ‘W’ series of MP3 players, said the company is planning to sell 1.8 lakh units by year 2010
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The government decided to disinvest a small portion of equity out of its shareholding in these companies in conjunction with their public offerings
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