The BSE benchmark index Sensex on Tuesday fell further by 144 points as investors booked profits at high levels after inflation soared to a three-month high for March dashing hopes of any rate cut by the Reserve Bank. The 30-share barometer fell by 144.03 points, or 0.64 per cent to close at 22,484.93. It shuttled […]
The price of petrol was on Tuesday cut by 70 paise a litre, excluding local levies, the second reduction in rates this month as appreciation of the rupee against the US dollar made oil imports cheaper. The reduction, effective Tuesday midnight, excludes local sales tax or VAT and the actual cut will be higher, varying […]
A major report published today by the World Gold Council “China’s gold market: progress and prospects” suggests that private sector demand for gold in China is set to increase from the current level of 1,132 tonnes(t)[1] per year to at least 1,350t by 2017[2]. Following the record level of Chinese demand in 2013, which saw […]
IT services giant Infosys on Monday reported a 25 percent jump in its consolidated net profit for the quarter ended March 31, 2014, helped by large deals and an uptick in client spending. The Bangalore-based firm posted a consolidated net profit at Rs 2,992 crore for the fourth quarter of last fiscal from Rs 2,394 […]
Mumbai: Shriram City Union Finance Limited (“Shriram City” or “Company” or the “Issuer”) will open on April 16, 2014, a public issue of secured Redeemable Non-Convertible Debentures of Face Value of Rs. 1,000 each, (“NCD”), aggregating up to Rs. 100 crore with an option to retain over subscription up to Rs. 100 crore for issuance […]
New Delhi : Exports fall for two consecutive months and manufacturing growth falling to minus 3.7 were matters of concern said Dr Arbind Prasad, director general, FICCI. “It is worrisome that our exports fell by more than 3 per cent in each of the last two months and we have missed the export target of […]
India became net steel exporter in 2013-14 after a gap of six years and is likely to maintain the momentum in 2014-15 as producers are looking to dock more overseas shipment to tide over subdued domestic consumption. Total steel exports by India during the last fiscal stood at 5.59 million tonnes (MT), as against imports […]
Calibrated and clearly communicated monetary policies will build trust and improve business sentiments across the world by leaving little room for speculations, Economic Affairs Secretary Arvin Mayaram said. “We believe monetary policy cooperation is extremely crucial in the current juncture. This calls for calibrated monetary policies by advanced economies which are communicated clearly among our […]
Industrial production once again slipped into negative territory and contracted 1.9 percent in February due to poor performance in manufacturing, especially capital goods. Factory output as measured by the index of industrial production (IIP) showed a decline of 0.1 per cent during the 11-month period from April to February, compared with growth of 0.9 per […]
India missed its export target in the last financial year even as the trade deficit for 2013-14 shrank to a three-year low of USD 138.59 billion. In March, exports declined 3.15 percent to post a drop for the second month in a row, while the trade deficit at USD 10.5 billion was the highest in […]
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