APN News

  • Friday, May, 2024| Today's Market | Current Time: 10:47:03

    • Business

    Indigenous Co. to manufacture and sell cancer drug cutting price 90%

    Mumbai : The Government has invoked a law which allows Hyderabad-based Natco Pharma to manufacture and sell cancer-treatment drug Nexavar at a cheaper rate. It will be about 90 per cent cheaper than charged by Bayer for its patented drug. The Pharma has been allowed to sell the drug at a price not exceeding 8,880 […]

    Business

    6.8 % January industrial growth indicates strong recovery: Pranab

    New Delhi : Terming the 6.8 per cent industrial growth in January as an indication of strong recovery, Finance Minister Pranab Mukherjee today said, efforts will have to be made for promoting mining, capital goods and consumer durables sectors. Commenting on the latest data of industrial production, Mr. Mukherjee said, there is strong recovery in […]

    Markets

    Will Gold futures regain its lost Ground?

    By Prijath Babu After the price avalanche in February 29, Indian gold futures were consolidating with negative bias for last two weeks. A firm dollar increases the liquidation pressure in the gold. And at present US economy was on its path towards recovery. US Job data shows positive remark on US economy and 200000 job […]

    Business

    Govt lifts ban on cotton export

    New Delhi : The Government today lifted the ban on export of cotton. An official notification was issued today by the Director General of Foreign Trade to this effect, removing the earlier prohibition on export of cotton. The notification issued said the Central Government hereby withdraws the earlier notification that had banned cotton exports. Commerce […]

    Stock & Share

    Sensex up 269 points in opening trade

    Mumbai : The BSE benchmark Sensex rallied by almost 269 points in opening trade on Monday following the cash reserve ratio cut by the Reserve Bank of India on Friday. Brokers said fresh buying in stocks available at lower levels amid a better trend in Asian region also influenced the markets. The 30-share barometer rose […]

    Business

    Govt decides to roll back ban on cotton exports

    New Delhi : The government has decided to lift the ban on cotton exports, that was imposed last week, Commerce Minister Anand Sharma said on Sunday. “Keeping in view the facts, the interests of the farmers, interest of the industry, trade, a balanced view has been considered by the Group of Ministers (GoM) to roll […]

    Business

    RBI cuts CRR by 75 bps to 4.75%

    Mumbai : The Reserve Bank of India today cut the Cash Reserve Ratio, CRR, by 0.75 percentage points, from 5.5 percent, to 4.75 percent, in order to ease tight liquidity in the banking system. The Cash Reserve Ratio is the percentage of their deposits that banks are required to hold in the form of cash […]

    Stock & Share

    Sensex surges 358 pts

    Mumbai : Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 358 points, or 2.1 percent, to 17,503, on renewed buying by funds, amid firm global markets, today. The Nifty at the National Stock Exchange spurted 113 points, or 2.2 percent, to 5,334. Stock markets in Japan, China, Hong Kong, and […]

    Business

    Kingfisher suspended from two more IATA platforms

    Bangalore : Badgered from all sides,Kingfisher Airlines was on Friday suspended for non-payment of dues from two more IATA platforms that would affect its passenger and cargo bookings through agents, but the cash-strapped carrier said it has made alternative arrangements for these bookings. International Air Transport Association (IATA), which had suspended it from its Clearing […]

    Business

    Exports up 4.3 pc in Feb, imports grow by 20.6 pc

    Mumbai : Exports grew by 4.3 per cent year-on-year to USD 24.6 billion, while imports increased by 20.6 per cent in February, Commerce Secretary Rahul Khullar said on Friday. Imports stood at USD 39.8 billion in February 2012, resulting in a trade deficit of USD 15.2 billion. During April-February 2011-12, the country’s exports increased by […]

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