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 […]
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $108.57 a barrel Monday, compared to $109.35 last Friday, according to the OPEC Secretariat. The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), […]
The Foreign Investment Promotion Board (FIPB) Monday approved a proposal of British telecom major Vodafone Group Plc to increase its stake to 100 percent in the Indian holding with an investment of around Rs.10,141 crore ($1.7 billion). Vodafone would now need final approval from the union cabinet. “We are pleased to have obtained FIPB approval […]
Chandigarh, Dec 29 Microsoft founder Bill Gates, one of the richest men in the world, as also one of the most powerful in the field of technology, has no ego, says Gurdeep Singh Pall, global head of Skype, the popular and free international voice and messaging service. Chandigarh-born software engineer Pall, who was named as […]
Shanghai, Dec 19 India is one of the largest export after-sales market for auto components but trade with the country was still poor owing to more demand of cheaper variants, Chinese auto parts makers have said. They say prices of auto parts sold in India were on an average 30 to 40 percent cheaper than […]
Jammu, Dec 18 Jammu and Kashmir Chief Minister Omar Abdullah Wednesday said that the economic autonomy of the state was linked to the tapping of its hydro power potential. Addressing people in the Surankote area of Poonch district, where he laid the foundation stone of the Rs.640.40 crore 37.50 MW Parnia hydro-electric power project, he […]
New Delhi, Dec 6 The smooth conduct of India’s elections and the efficient use of electronic voting machines (EVMs) and other technology are an eye-opener for many foreign delegations that came here to observe Indian democracy in action. “Despite being the biggest democracy and having a multi-party system, where the chances of problems in the […]