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Business

NMDC cuts iron ore lumps prices by 2.5% for March

Aiming to increase its flagging sales, state-owned miner NMDC has reduced prices of higher grade iron ore (lumps) by about 2.5 per cent for the current month. This is the fourth reduction since October in iron ore lump prices by NMDC. Its sales had dipped over 27 per cent (at Rs 2,047 crore) and profit […]

Banking

All-women bank to start operations from Nov: Finance Min

India’s first all-women bank will start operations from November this year through six branches spread across the length and breadth of the country, Finance Minister P Chidambaram said on India’s first all-women bank will start operations from November this year through six branches spread across the length and breadth of the country, Finance Minister P […]

Business

IRCTC books record over 5 lakh rail e-tickets on single day

Indian Railway Catering and Tourism Corporation has set a new record in e – ticket bookings. It booked more than five lakh rail e-tickets on Friday, surpassing the earlier one-day sales record set in July last year. The earlier record was 4.96 lakh e-tickets.

Business

Govt slashes prices of non-subsidised LPG by Rs. 37. 50 per cylinder

Cooking Gas is to cost less. Non-subsidised LPG rates have been cut by Rs.37.50 per cylinder. But, Diesel price for bulk consumers hiked by almost Rs.one per litre. Details are awaited.

Business

Petrol price hiked by Rs 1.40

Petrol price was hiked on Friday by Rs 1.40 per litre, the second big increase in rates in as many weeks. A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in price of petrol with effect from Friday midnight, said a statement by Indian Oil Corporation (IOC). […]

Business

S&P, Fitch say India rating unaffected by Budget

International rating agencies Standard & Poor’s and Fitch said their sovereign rating on India is unaffected by the Budget and warned that policy execution and controlling subsidies would be the key risks to look out for during the year. Both the agencies, which had last year threatened to downgrade the sovereign rating to junk status, […]

Stock & Share

Sensex recovers by 57 pts; FinMin assurance drives value-buying

Shrugging off Budget blues, the BSE benchmark Sensex on Friday bounced back from three-month lows to end nearly 57 points higher at 18,918.52 on value-buying after Finance Ministry’s promise to address concerns over Tax Residency Certificate. The Sensex, which had tumbled 291 points in the previous session on hike in taxes and FII concerns in […]

Stock & Share

Sensex gains 48 points in early trade

The BSE benchmark Sensex recovered by over 48 points in early trade on Friday after Thursday’s steep fall, on the back of selective buying by funds in stocks of consumer durables, capital goods and metal. The 30-share barometer rose by 48.24 points, or 0.26 per cent to 18,909.78. The index had lost 290.87 points in […]

Business

Centre launches eBiz portal to improve business environment

The Centre has launched eBiz portal to improve the environment for doing business. The portal comprising licenses and permits service component that will allow business users to obtain a customized list of licenses, permits and regulations that they needed to comply while dealing with the government. This information was given by Minister of State for […]

Business

Budget evokes mixed response from political parties & industry

The Prime Minister Dr Manmohan Singh today said if India succeeds in achieveing 8 per cent growth, the winner will be the people of India. In an exclusive interview to Prasar Bharti, Dr Singh said the finance minister has done a commendable job. Dr Singh said multi pronged strategy needed to deal with challenges of […]