Economy News

BRICS Summit 2012: Summit Begins, PM Addresses The Meet

Leaders of the emerging world markets and members of the BRICS countries- Brasil, Russia, India, China and South Africa met in New Delhi for its fourth meeting, Thursday.

Mar 29, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.1450 rupees and the euro 68.2240 rupees.

Mar 29, 2012

BSE Sensex Closes 1 Percent Down; Banks Lead Fall

The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing.

Mar 28, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.9175 rupees and the euro 67.8500 rupees.

Mar 28, 2012

BSE Sensex Up by 1.2 Percent; Psychological Rally

The BSE Sensex rose 1.2 percent on Tuesday after the media reported that the government would not target the so-called participatory notes or P-Notes in a blanket manner under its newly proposed General Anti-Avoidance Rule

Mar 27, 2012

Kingfisher Airlines Likely to Lay-off its Employees: Sources

Kingfisher Airlines has been receiving brickbats from all the directions over its massive cut down in its flight operations, undue payments of salaries and outstanding tax amounts, owing to the debt crisis airlines is now mulling to resize its staff department and closing down of office across India in order to cost cut the expenses, said sources.

Mar 27, 2012

Manmohan Singh Meets Top CEOs of Korea in Seoul

Prime Minister Manmohan Singh Monday met the top CEOs of Korea and sought larger monetary investments in India.

Mar 26, 2012

Kingfisher Airlines Agrees To Clear Rs 10 Crore Of Service Tax Dues

Central Board of Excise and Customs (CBEC) chief S K Goel on Sunday said that the ailing Kingfisher airlines had agreed to clear Rs.10 crore of its whopping Rs.76 crore service tax due, in service tax arrears which it has already collected from passengers, by end of this fiscal year.

Mar 25, 2012

Manmohan Singh Invites Korean Firms To Invest In India

Manmohan, who is on a bilateral tour in the Republic of Korea, encouraged Korean firms for more investments in India and suggested the small and medium sized companies to launch its business in Indian markets.

Mar 25, 2012

BSE Sensex Up By 1 Percent; Software Service Exporters Gain

After falling by over 2 percent in the previous session, the BSE Sensex rose by 1 percent on Friday.

Mar 23, 2012

BSE Sensex Down by Over 2 Percent

The BSE Sensex witnessed a fall of over 2 percent on Thursday due to outflow of foreign money. It is the biggest one-day fall since last February.

Mar 22, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 50.9055 rupees and the euro 67.4035 rupees.

Mar 22, 2012

India-Zimbabwe Trade Doubles in Four Years

Trade between India and Zimbabwe has reached to US $ 125 million in the financial year, 2010-2011, said Commerce Ministry Tuesday.

Mar 21, 2012

BSE Sensex Closes on a Good Note; Up by 1.65 Percent

The BSE Sensex closed up by 1.65 Percent on Wednesday, its second straight rise. Software companies and financial institutions gained on renewed growth hopes.

Mar 21, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 50.5935 rupees and the euro 67.1366 rupees.

Mar 21, 2012