Business News

Eiffel Group to invest Rs 300 cr in golden triangle belt

Mumbai, Jan 1: As the second home phenomenon gains currency in the industrially-developed Mumbai-Pune- Nashik belt, realty player Eiffel Group has earmarked Rs 300 crore over the next three years to launch more projects in the region, referred to as the

New Year shocker – Petrol price to be hiked by Rs 2.25/litre

New Delhi, Dec 31: In yet another New Year shocker, the Indian aam aadmi will have to witness another petrol price hike as per the decision made by state-run oil marketing companies on Saturday. The price will go up by Rs

Rs 32-a-day poverty line had Plan panel in controversy

New Delhi, Dec 31: The Planning Commission was at the centre of a big controversy in 2011 after it adopted Rs 32-a-day poverty line, inviting sharp criticism from many quarters, even as the government grappled with slowdown and high inflation throughout

UP district bans poultry imports from Nepal

Bahraich, Dec 31: The Bahraich district administration has banned import of poultry products from Nepal in the wake of bird flu outbreak in that country.A six-month ban on import of poultry products from Nepal has been imposed in view of the

Steady trend prevails in Chennai foodgrains market

Chennai, Dec 31: The prices of thoor dal and urad dal declined while that of other commodities remained unchanged in the wholesale foodgrains market here during the week under review.Opening the week at Rs 5,700, an increase of Rs 100 Per

Silver up by Rs 1,200, gold by Rs 70 on fresh buying

New Delhi, Dec 30: Both the precious metals, silver and gold, bounced back today on fresh buying by stockists and jewellers at existing lower levels amid a firming global trend. While silver staged a comeback and recovered sharply by Rs

Rupee loses 17 paise against US dollar in early trade

Mumbai, Dec 30: The Indian rupee declined by 17 paise to Rs 53.24 per US dollar in early trade on the Interbank Foreign Exchange today on the back of increased demand for the American currency from importers and strengthening of the

Silver dips belows Rs 50K, gold loses Rs 540 on global cues

New Delhi, Dec 29: Silver dipped below the Rs 50,000 mark after over 10 months on the bullion market here today on poor industrial off-take, while gold plunged by Rs 540 on weak global cues. Gold lost Rs 540 to Rs

Japan ready to invest $4.5 bn in DMIC project

New Delhi, Dec 28: Japan on Wednesday expressed intention to invest USD 4.5 billion (about Rs 23,400 crore) in the Delhi-Mumbai Industrial Corridor (DMIC) project over the next five years. India's ambitious USD 90 billion DMIC

Trouble for Air India; govt rejects debt recast plan

Mumbai, Dec 28: The Finance Ministry of India has rejected the debt recast plan of ailing Air India stating that state run banks will have to take a huge hit, reported The Economics Times. According to the debt restructuring plan, the

Rupee loses 22 paise vs dollar in early trade

Mumbai, Dec 28: The Indian rupee fell by 22 paise to Rs 53.24 per US dollar in early trade today on persistent month-end demand for the American currency from importers on the back of a higher dollar in overseas markets.

Oil up in Asia as Iran tensions heat up

Singapore, Dec 28: Oil rose in year-end Asian trade today as Iran warned it would lock down the crucial Strait of Hormuz if the West imposed sanctions on its oil exports, analysts said.New York's main contract, light sweet crude for February delivery,

'India flight fares to remain high on strong demand'

Dubai, Dec 27: Despite Gulf and Indian air carriers increasing capacity and flights between the two regions, fares are unlikely to come down while demand for seats remains high, according to a survey. As per the new Visa Global Travel Intentions

Oil higher in Asian trade

Singapore, Dec 27: Oil was higher in Asian trade today (Dec 27) amid thin trading volumes with Middle East geopolitical tensions seen supporting prices in the long-term, analysts said. In morning trade, New York's main contract, light sweet crude for February delivery,

Rupee declines by 8 paise against US dollar in early trade

Mumbai, Dec 27: The Indian rupee fell by 8 paise to Rs 52.79 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by a lower opening in the domestic equity market. The domestic currency had

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