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The BSE benchmark Sensex rose by over 95 points in opening trade on Monday after witnessing a sharp fall in the previous session on the back of selective buying by funds and retail investors, ignoring a weak trend on other Asian bourses.The Sensex, which had lost 295.30 points in the previous session on Friday, rose [...]
Food inflation fell to a two- month low of 11.05 pc for the week ended 5th February as onions prices moderated and pulses became cheaper, prompting Finance Minister Pranab Mukherjee to assert that the rate of price rise will fall to a single digit in some time.Food inflation fell by 2.02 percentage points for the [...]
Japanese auto major Honda on Thursday said it is recalling 57,853 units of its mid-sized sedan City in India to replace a faulty engine part, as part of a global exercise. The company, which runs operations in India through a joint venture with the Siel Group — Honda Siel Cars India (HSCI) — said the [...]
Prime Minister Manmohan Singh has asserted that government is very serious to bring to book the guilty in the corruption cases regardless of the position they hold.These include 2G spectrum allocation, CWG and other alleged scams. He also made it clear that he is ready to appear before any panel including JPC.In his interaction with [...]
The BSE benchmark Sen-sex extended its gains by adding 72 points in opening trade on Tuesday on continued buying by foreign funds and retail investors.The 30-share index of the Bombay Stock Exchange, which rallied by nearly 740 points in the previous two sessions, rose by another 72.06 points, or 0.40 per cent to 18,274.26 points [...]
Inflation declined marginally to 8.23 per cent in January from 8.43 per cent in the previous month, as prices of certain commodities like wheat, pulses and sugar eased, although essential items like onion and other vegetables continue to remain dearer. The headline inflation, based on wholesale prices, has remained above 8 per cent-mark since January [...]
Another effort by the Centre towards a consensus on the proposed Goods and Services Tax has suffered a setback with 10 states opposing the new draft for a tax regime aimed at changing India’s fiscal landscape. The consensus for a Constitution Amendment Bill among states could not be reached even after Union Finance Minister Pranab [...]
Industrial growth slowed even further to a dismal 1.6 per cent in December, 2010, from 18 per cent in the same period a year ago due to the poor performance of the manufacturing sector. In November, 2010, the Index of Industrial Production (IIP) had expanded by a meagre 2.7 per cent. Industrial growth during April-December [...]
The BSE benchmark Sensex rose by over 63 points in opening trade on Friday on bargain buying by funds and retail investors, triggered by a firming trend on other Asian bourses. The Sensex, which has lost nearly 575 points during the past three sessions, rose by 63.60 points, or 0.36 per cent, to 17,526.64 points [...]
Food inflation fell to a seven week low 13.07 per cent for the week ended 29th January as pulses turned cheaper, even as vegetables remain costly. Snapping the two week rising trend, food inflation fell nearly 4 percentage points in the week from 17.05 per cent in the week ended 22nd January. On an annual [...]