Friday, March 23, 2012

Cotton export ban likely to stay

Cotton export ban likely to stay

Cotton export ban likely to stay

Posted: 23 Mar 2012 05:47 PM PDT

The commerce department is expected to continue a ban on fresh registration of cotton consignments for exports despite political pressure, including from the Congress.

LIC term cover set to get cheaper

Posted: 23 Mar 2012 05:43 PM PDT

The country's largest insurer, Life Insurance Corporation of India, plansto reduceitsterminsurance rates. Term insurance policies refer to those covers where the insurance company makes a payout only upon the death of the insured.

Indian oil companies to export petro products to Pak

Posted: 23 Mar 2012 05:29 PM PDT

With the in-principle status of 'Most Favoured Nation' given to India by Pakistan, Indian oil companies such as HPCL, IOCL and GAIL India are gearing up to cash in on the opportunity by exporting petroleum products and gas to its energy-starved neighbour.

RBI need not intervene to check rupee volatility

Posted: 23 Mar 2012 05:11 PM PDT

RBI does not need to intervene right now to boost a weak rupee, chief economic advisor Kaushik Basu said on Friday.

Kingfisher seeks more time to pay tax dues

Posted: 23 Mar 2012 10:00 AM PDT

Cash-strapped Kingfisher Airlines has sought more time from the revenue department to pay its Service Tax dues of about Rs 76 crore, a finance ministry official said today.

Govt employees to get 7% additional DA

Posted: 23 Mar 2012 07:39 AM PDT

Over four-million central government employees will go home with an increased pay packet from now, with the union cabinet Friday hiking the dearness allowance to 65% of the basic salary from the existing 58% with retrospective effect from Jan 1 this year.

Rupee loses 50 paise, closes below 51-level

Posted: 23 Mar 2012 06:53 AM PDT

The rupee today plunged by 50 paise to close at sub-51 level after more than two months against the dollar amid a steep fall in stocks as investor sentiment took a blow after allegations of massive losses to the government in coal blocks allocation.

World Bank offers $500m loan for education in India

Posted: 23 Mar 2012 05:18 AM PDT

The World Bank has offered $500 million interest-free credit to India for improving the standards of secondary education, an official statement said Friday.

Sensex up 165 pts, gains on value-buying

Posted: 23 Mar 2012 04:24 AM PDT

The BSE benchmark Sensex today recovered from 2-week lows and added over 165 points as investors picked up stocks at attractive levels amid reports of a rating agency upgrading Indian equities.

AI unions to strike if dues not paid

Posted: 23 Mar 2012 12:36 AM PDT

Representing a majority of the airline's employees, the seven unions, in a joint action, have also sought a written assurance from the AI management that their dues would be cleared.

'Visa problems putting off Indians to invest in UK'

Posted: 22 Mar 2012 11:16 PM PDT

Citing problems like securing British visas and the country's high taxes, prominent NRI industrialists Hinduja brothers have cautioned Prime Minister David Cameron that Indian entrepreneurs were migrating to more investor-friendly destinations such as Dubai and Geneva.

Oil prices higher in Asian trade

Posted: 22 Mar 2012 09:36 PM PDT

Oil prices rose in Asian trade on Friday on data showing an improvement in US employment numbers as concerns over geopolitical tensions in the Middle East lingered.

Sensex gains 105 points on fresh buying

Posted: 22 Mar 2012 09:29 PM PDT

The BSE benchmark Sensex today recovered by over 105 points in early trade, on fresh buying by funds and retail investors at lower levels.

Coal India shines on CAG report

Posted: 22 Mar 2012 05:12 PM PDT

PSU major Coal India emerged as the biggest gainer among the sensex stocks in Thursday's sell-off during which the index lost over 400 points, thanks to the CAG's audit report that shifted the country's focus to coal.
Posted by Harshad at 9:19 PM

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