New Delhi, March 9 Larsen and Toubro and Pipavav Defence, in which Reliance Infrastructure of Anil Ambani Group is acquiring a majority stake, have been shortlisted for the Rs.60,000-crore potential contract to build six submarines for the Indian Navy, sources said Monday. “Project 75i, as we call it, is for purchasing six next-generation submarines with […]
Mumbai, March 9 A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), plunged 327.55 points or 1.11 percent as banking stocks plummeted on Monday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 104.55 points or 1.17 percent down at 8,833.20 points. The Sensex of the S&P […]
New Delhi, March 6 ,Giving a major fillip to India’s neighourhood outreach in the Indian Ocean region, Prime Minister Narendra Modi will be on a five-day visit to the three key island nations of Seychelles, Mauritius and Sri Lanka from March 10. However, the Maldives leg of the visit is not on, in view of […]
Hyderabad, March 5 (IANS)Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited Japanese firms to invest in the development of the new state capital and in various sectors which offer huge opportunities.He promised the investors faster clearances, allotment of any amount of land, round-the-clock electricity supply, water and hassle-free business environment.Naidu was addressing a […]
India’s spices exports jumped by 32 percent to $1.39 billion in the April-November period of the current financial year, according to data released by the Spices Board of India. In terms of US dollar value spices exports rose by 32 percent in the first eight months of the current fiscal while in rupee term the […]
The Reserve Bank of India (RBI) is likely to maintain status quo on key rates when it reviews its monetary policy Tuesday as inflation remain sticky. Exerts and market analysts say the central bank would like to see more clarity on inflation trend before tinkering with the policy rates. “We are expecting no change in […]
Over 600 delegates and 300 exhibitors from 30 countries will take part in a four-day mega mining conference to be held here from Feb 13. The fifth International Mining, Exploration, Mineral Processing Technology, Metals and Machinery Exhibition at the Salt Lake Stadium would end Feb 16, a release from the organisers, Metallurgical Institute of India […]
A benchmark index of Indian equities markets plunged 337.63 points or 1.60 percent in the pre-noon trade Monday. All the sectors were trading in the red. Substantial selling pressure was seen in the banking index (bankex), capital goods, metal, auto and oil and gas sectors. The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock […]
India’s trade deficit widened to $10.14 billion in December from $9.22 billion recorded in the previous month due to slower growth in exports and increased imports of gold, government data showed Friday. Exports increased by 3.49 percent to $26.34 billion in December 2013 as compared to $25.45 billion recorded in the corresponding month of the […]