APN News

  • Friday, December, 2023| Today's Market | Current Time: 09:01:49
  • Paper on new bank licences by Aug: Subbarao

    The Reserve Bank has said it will come up with a discussion paper on granting banking licence to private sector players and NBFCs by the first week of August. “The discussion paper is on track. We expect to come out by end of this month or first week of August,” Reserve Bank Governor D Subbarao […]

    ‘RBI likely to raise key policy rates tomorrow’

    The Reserve Bank is likely to increase key policy rates by at least 25 basis points in its first quarterly review of the monetary policy on Tuesday to tame inflationary expectations. “I think there could be a small hike in the repo and reverse repo rate of say 25 basis points,” HDFC Managing Director Renu […]

    IOC posts net loss of Rs. 3,388 cr

    Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs. 3,388.39 crore in the first quarter ended 30th June 2010, on account of selling fuel below cost. IOC, the nation’s largest oil firm, had posted a net profit of Rs.3,682.83 crore in the April-June quarter of the last fiscal, the company said in […]

    States to be fully compensated for GST: Pranab

    Finance minister Pranab Mukherjee on Saturday assured the states that the Centre will fully compensate them on possible losses arising from implementation of the goods and services tax (GST) regime. “No state would be allowed to suffer any loss and would be fully compensated by the Central government,” he said at a meeting of the […]

    Inflation will cool down after harvest: FM

    Finance Minister Pranab Mukherjee on Tuesday said the hike in fuel prices has added to inflationary pressures, but the arrival of new crop will ease food prices and cool the overall inflation from the current 10.55 per cent. Inflationary pressure was being felt as fuel and other articles started affecting it, Mukherjee told a press conference […]

    Bae systems m777 howitzer programme exceeds £1bn sales

    BAE Systems has received an order for 93 additional M777 howitzers, taking the order book to 955 systems and taking sales for the programme to over £1bn. The US is buying 58 guns for the US Army and U.S. Marine Corps while Australia is acquiring 35 through the US Foreign Military Sales (FMS) program. The […]

    Industrial tripartite committee on jute industry underlined that need for enhancing productivity

    A meeting of the Industrial Tripartite Committee on Jute Industry was held on 20th July, 2010 at New Delhi under the chairmanship of Shri Harish Rawat, Union Minister of State for Labour and Employment. The representatives from workers’ organizations (BMS, INTUC, VITU, AIUTUC), Employers’ Federations (AJMA, AIMO, and Laghu Udyog Bharti) of the Jute Industry […]

    Prices may go up further in July, but will cool by Dec: Montek

    The plan panel on Wednesday said fuel price hike will further increase inflation in July, but it will fall below double digits by the end of December. “I think although there will be an adjustment upward (in inflation) when fuel price hike gets fed in July numbers… I don’t alter my conclusion that at the […]

    Inflation will come down to 5-6 pc by year-end: Pranab

    Attributing the double-digit inflation to the petro hike, Finance Minister Pranab Mukherjee on Wednesday said that prices would moderate by the end of the kharif season, and inflation would come down to 5-6 per cent by the year-end. “I do feel that the annual rate of inflation will be 5-6 per cent (by 2010-end),” Mukherjee […]