Business News

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

Rupee rises by 21 paise against dollar in early trade

Mumbai, Dec 26: The Indian rupee rose by 21 paise to Rs 52.75 per US dollar in early trade on Monday, Dec 26 on fresh selling of the American currency by banks and exporters amid hopes of a resumption of foreign

Petrol price may be hiked by Rs 1 next month

New Delhi, Dec 25 : Petrol price may be hiked by about a rupee per litre from next month as the Indian currency has weakened against the US dollar making imports costlier.The rate change may, however, need a political clearance as

More interaction among industrialists to boost growth: Pranab

Orissa, Dec 25: Union Finance Minister Pranab Mukherjee advocated regular interaction among members of various chambers of commerce and industry saying it would go a long way in boosting economic growth. "Frequent interaction among members of chambers of commerce and

Secy's panel looking into airlines problems: Ajit Singh

New Delhi, Dec 24: A committee of secretaries, set up to look into the problems being faced by Air India, is expected to submit its report soon suggesting solutions."We have constituted a Committee of Secretaries. They, I think, met yesterday or

Up to 60% hike in starred hotel tariffs for festive season

New Delhi, Dec 24 : Star-rated hotels in cities like Delhi, Mumbai, Pune and Bangalore have increased their room and restaurant tariffs by up to 60 per cent to cash in on the the festive mood of the people, a study

US Bill on outsourcing cause of concern: India

New Delhi, Dec 22 : India today expressed concern over the proposed US Call Centre Bill but said that it is premature to assess the impact of the decision on the domestic IT industry. A bipartisan bill has been tabled in

'Govt trying to build consensus on reforms, FDI in retail'

New Delhi, Dec 23: Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee today said the government is making efforts to build a consensus on important economic legislations, including PFRDA and foreign investment in multi-brand retail."Commitment on FDI, PFRDA all

Rs 100 crore biotech park to be set up in Mysore

Bangalore, Dec 22: A Rs 100 crore neutri/neutraceutical and phytopharmaceutical (N2P2) project would be developed in Mysore, according to a key government official.The Vision Group on Biotechnology headed by Dr. Kiran Mazumdar-Sha has recommended sector-specific biotech parks to be set up in

Food inflation plunges to 4-year low of 1.81 pc

New Delhi, Dec 22: Food inflation fell sharply to a near four-year low of 1.81 per cent for the week ended December 10 as prices of essential items like vegetables, onion, potato and wheat declined.This is the lowest rate of food inflation

Rupee loses 32 paise against dollar in early trade

Mumbai, Dec 22: The rupee fell by 32 paise to trade at Rs 52.82 per dollar today as the US currency firmed against euro and other rivals overseas. A weak opening in the domestic equity markets

Oil up as US crude stocks fall

Singapore, Dec 22: Oil rose in Asian trade today, boosted by a stronger-than-expected drop in US crude stocks, analysts said. New York's main contract, light sweet crude for delivery in February, added 40 cents to USD 99.07 a barrel and

Rupee gains 22 paise against US dollar in early trade

Mumbai, Dec 21: The Indian rupee rose by 22 paise at Rs 52.65 per US dollar in early trade today (Dec 21) on fresh selling of dollars by banks and exporters due to weakness of the American currency overseas amid a

US lists Delhi's Nehru Place among notorious markets in world

Washington, Dec 21: An official US report has identified Nehru Place in New Delhi among the top 30 notorious IT markets of the world, dealing in goods and services infringing intellectual property rights (IPR)."Nehru Place is reportedly one of the many markets

Oil higher on US data

Singapore, Dec 21: Oil rose in Asian trade today as investors drew confidence from positive US data, analysts said. New York's main contract, light sweet crude WTI crude for delivery in February, advanced USD 1.04 to USD 98.28 a barrel

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