Economy News

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

Bangalore Auto Fare Hike: A Tough Time For Drivers

It seemed as if the recent hike in autorickshaw fares in Bangalore urban district would have worked out to benefit autorickshaw drivers, but it remains just a delusion!

Mar 21, 2012

Additional Foodgrain Godowns To Be Created In 19 States

The government is planning to construct foodgrain storage capacity of 151 lakh tons in 19 states, said Minister of Consumer Affairs, Food and Public Distribution K.V. Thomas informed the Parliament Tuesday.

Mar 20, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 50.2545 rupees and the euro 66.5226 rupees.

Mar 20, 2012

BSE Sensex Falls for Third Straight Session

The BSE Sensex fell yet again on Monday as the country's financial sectors like banks have been hit. Earning worries also hit the technology stocks, leading to fall of stocks for a third straight session.

Mar 19, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 50.1245 rupees and the euro 66.0025 rupees.

Mar 19, 2012

India, Africa Set $ 90 Billion Business Target

India and African nations have decided to set a $90-billion business target to be met by 2015.

Mar 18, 2012

India Budget 2012-13: Luxuries Become Dearer

It might have appealed to the common man when Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in the parliament Friday, announced the decision to raise tax exemption limit to Rs. 2 lakh. But, virtually, people are going to lose more money since service tax, excise tax and customs duty are going to be raised. The budget is the most discomforting to people who seek luxuries of life.

Mar 17, 2012