Economy News

RBI's Reference Rate for Dollar Today

The Reserve Bank of India Tuesday fixed the reference rate for the US dollar at 53.4030 rupees and the euro at 70.4435 rupees.

Dec 13, 2011

2G Scam: CBI Files Chargesheet Against Essar and Loop Executives

The Central Bureau of Investigation (CBI) on Monday filed fraud and criminal conspiracy charges against five executives at Essar Group and Loop Telecom in connection the 2G spectrum scam.

Dec 12, 2011

RBI's Reference Rate for Dollar Today (Dec 12, 2011)

The Reserve Bank of India Monday fixed the reference rate for the US dollar at 52.4238 rupees and the euro at 69.9405 rupees.

Dec 12, 2011

BSE Sensex Falls Following Dip in Industrial Output

The BSE Sensex extended losses to 0.7 percent on Monday after government data showed the industrial output in October contracted 5.1 percent, a much sharper-than-expected drop.

Dec 12, 2011

Typing: Dying Profession on a Busy Bangalore Bylane

We rarely come across people working on typewriters these days - it is a dying profession. But a group of typists are still doing their business in the IT capital of India.

Dec 11, 2011

SBS Holdings Acquires 80 Percent Stake of Atlas Logistics

SBS Holdings, a Japan-based corporate group, has acquired 80 percent equity stake of Atlas Logistics, a Bangalore-based company.

Dec 10, 2011

RBI's Reference Rate for Dollar Today (Dec 9, 2011)

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 52.2285 rupees and the euro at 69.6008 rupees.

Dec 9, 2011

Empower the Entrepreneurs to Beat Slow Economic Growth: Sramana Mitra

The world may fear another economic slowdown with growth rates everywhere falling. However, Sramana Mitra, an Indian-born writer, strategy consultant and entrepreneur, is optimistic about fighting the crisis. She talks of her mission to create millions of entrepreneurs through her project "1M/1M" and the growth strategy that will best suit India. Here are excerpts from the interview:

Dec 8, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.7780 rupees and the euro at 69.4246 rupees.

Dec 8, 2011

FDI in Retail Sector Suspended; Indian Parliament to Reopen

The Parliament's winter session will finally start functioning on Wednesday, as the government has decided to suspend its retail reform.

Dec 7, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 51.4490 rupees and the euro at 69.1235 rupees.

Dec 7, 2011

FDI in Retail: All-Party Meeting to End Impasse

The Indian Parliament's winter session is likely to resume soon and the government will try to end an impasse caused by its decision to allow 51 percent Foreign Direct Investment (FDI) in the retail sector.

Dec 6, 2011

Govt Puts FDI in Retail on Hold, Opposition Insists on Rollback

To break the impasse on Foreign Direct Investment in retail that has stopped the Parliament's winter session, the Central Government has announced that the decision to allow 51 percent FDI in retails has been put on hold. However, the winter session is likely to face trouble, as the Opposition party is demanding a rollback on the decision.

Dec 5, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 51.3925 rupees and the euro at 68.9227 rupees.

Dec 5, 2011

No Rollback on FDI in Retail: Govt

The opposition parties and allies of the UPA government are against retail reform but the government is not ready for a rollback. The government wants FDI in retail sector to boost India's economy.

Dec 2, 2011

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