Business
Indian economy up 6.7% in FY'09 despite slow industry growth
Braving the global recessionary trends, India managed 6.7 per cent economic growth in 2008-09 despite the manufacturing sector recording a dismal performance.
A 5.8 per cent growth rate during the last quarter of the fiscal, at a time when most developed economies have shrunk, puts India among the top-most growing
Sensex ends more than 329 points higher on good GDP numbers
Driven by the good news on the GDP front and the positive outlook expressed by new central ministers taking charge, the Bombay Stock Exchange benchmark Sensex zoomed by another 329 points, continuing its upward journey for the third straight session....Sensex plunges by 324 points, banking, consumer goods hit
Vanquishing the euphoria over a stable UPA government, weak global cues and profit-booking brought the benchmark Sensex on BSE down by over hefty 320 points today amid worries that the market will be volatile and may test the lower end in the coming days....Costlier food items push inflation to 0.61 per cent
Driven by the rising prices of essential food items like cereals, tea, spices and fruit and vegetables, inflation inched up to 0.61 per cent for the week ended May 9. Besides, the manufactured goods like sugar, gur, imported edible oil, steel ingots and synthetic yarn too became dearer during the...PM's Economic Advisory Council members resign
Ahead of the swearing-in ceremony of the new Congress-led UPA government at the centre, members of the Prime Minister's Economic Advisory Council (PMEAC), headed by Suresh Tendulkar, have submitted their resignations to Prime Minister Manmohan Singh....FY'09 direct tax kitty short of target by over Rs 6,000 cr
Direct tax collections fell Rs 6,000 crore short of the government's Rs 3.45 lakh crore target for 2008-09 fiscal, as corporate earnings were badly hit by a slowing economy. This was despite the government lowering the collection target from Rs 3.64 lakh crore to Rs 3.45 lakh crore to allow for the dent the economic crisis could make on its revenues....Existing policy on circuit breaker to continue: BSE
The Bombay Stock Exchange today said the existing policy of application of circuit breaker would continue and first level of the circuit breaker at 10 per cent will be triggered at 975 points for the Sensex....FDI irritants may go; but no change in retail for now: Nath
The new UPA Government will be ready to remove procedural bottlenecks for foreign investors but allowing FDI in multi-brand retail will not be on the immediate agenda, Commerce and Industry Minister Kamal Nath said today....Montek non-committal on becoming FM in new government
Planning Commission Deputy Chairman Montek Singh Ahluwalia today remained non-committal on his prospects of becoming Finance Minister while describing reports on this as "speculation"....Trading halted for day as markets leap over 17 per cent
The bulls smelt blood and a stable government at the Centre today as the key indices BSE Sensex and NSE Nifty took a giant leap by over 17 per cent each, following which trading on the stock markets was halted for the day....Log in
- Major Events 1988
- Centre makes one year rural posting mandatory for post graduate medical students
- Wage board team coming to Kashmir
- Committee constituted for selection of class-IV posts
- CM cautions youth against vested interests
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