APN News

  • Friday, March, 2024| Today's Market | Current Time: 01:23:05
  • Trade bodies cannot pressurise India in Vodafone case: Govt

    Mumbai : The govt has brushed aside the pressure being built by the global trade bodies in the Rs 11,000 crore Vodafone tax dispute case and asserted that the British telecom major cannot invoke the India-Netherlands investment treaty as the USD 11.2 bn deal was signed in Cayman islands. “The trade bodies are no one […]

    Cairn gets govt nod for raising Mangala output

    Mumbai : After more than 6-month wait, the Government on Thursday gave approval to Cairn India to raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd. Rajasthan block oversight committee, called Management Committee, at its meeting on Thursday approved raising Mangala oil field production from 125,000 bpd […]

    WGC partners with India Post, Rel Money for Akshaya Trithiya

    Mumbai : The World Gold Council (WGC) in partnership with organisations like India Post and Reliance Money is providing a special discount of 6 per cent to buyers on gold coins this Akshaya Tritiya. Akshaya Tritiya, which falls on Tuesday, 24th April this year, is considered as an auspicious day to buy gold. Customers can […]

    Sensex gains 48 points on selective buying

    Mumbai : The BSE benchmark Sensex recovered by over 48 points in early trade on Thursday, after two sessions of losses, on selective buying by funds and retailers at prevailing levels. The 30-share barometer, which has lost over 375 points in the past two sessions, rose by 48.32 points, or 0.17 per cent, to 17,270.46, with […]

    Sensex up 34 pts; profit-booking trims gains

    Mumbai : Erasing inital gains, the BSE benchmark Sensex on Wednesday closed with a moderate gain of 34 points on profit-booking after the surge it had made following RBI’s cut in the short-term lending rate. Intra-day, Sensex touched 17,522.80 but ended the day at 17,392.39 -up just 34.45 points, or 0.20 per cent. It had […]

    New telecom policy to be in place by May: Telecom Minister

    New Delhi : The government on Tuesday said the National Telecom Policy (NTP) 2012 will be in place by May. “It (NTP) will be done in May. We have already said that,” IT and Telecom Minister Kapil Sibal told reporters on the sidelines of World IT Forum 2012. The Economic Survey had estimated NTP to […]

    IOC serves ultimatum to Centre on petrol price hike

    Mumbai : State-run oil companies have served an ultimatum to the government that they will raise petrol prices by 9.6 rupees a litre if excise duty is not cut or they are not provided compensation for 49-crore rupees loss per day on fuel sale. Indian Oil Corporation Chairman R S Butola said in New Delhi […]

    RBI rate cut will boost investments: India Inc

    Mumbai : Stating that a stage for cheaper lending has been set with the RBI cutting short-term lending rate, India Inc has welcomed the move saying it would boost investments in the country. “The repo rate cut will provide the boost to investment as well as send a strong signal that turning around growth is […]

    Jobs for youth & reducing poverty new WB Chief’s priorities

    US : The next President of the World Bank says his top priority will be to spur economic growth in order to create jobs and lift people out of poverty. Dr Jim Yong Kim said in an interview that economic growth that creates jobs, especially for young people, will remain high on his agenda. Taking […]

    RBI cuts repo rate by 50 bps, loans may get cheaper

    Mumbai : After a gap of three years, Reserve Bank Governor D Subbarao has slashed short term lending rate by 0.50 pc to 8 pc, a move that will reduce the cost of home, auto and corporate loans. The reduction in the repo rate at which RBI lends to banks, has been prompted by deceleration […]