LATEST BUSINESS, FINANCE AND MARKET NEWS
New Delhi, May 23 (IANS) The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee Friday amid calls that the capital market regulator needs to follow global standards and improve ... More » SEBI, India's capital market regulator, is 25
Indian gold futures jumped more than a percent on Thursday aided by a weaker rupee and firm global trends, while premiums on physical gold eased due to some supply from bullion importing agencies. The ... More » Gold premiums ease as supplies rise
Finance Minister P. Chidambaram said fears the Federal Reserve would start reversing its U.S. monetary stimulus programme were unfounded but his remarks failed to prevent steep falls in domestic markets ... More » Chidambaram seeks to soothe investor nerves
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would ... More » Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
Shares of drugmaker Wockhardt Ltd fell 20 percent on Thursday to their lowest level in more than seven months after the U.S. drug regulator published an "import alert" on one of its manufacturing ... More » Wockhardt shares drop 20 pct after FDA import alert
Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rocked Asian markets on Thursday, took the dollar to three-year highs, sent share markets lower, ... More » Asian markets selloff on Bernanke remarks, China PMI
Chennai, May 23 (IANS) German automobile major Daimler AG will start exports of FUSO range of trucks - belonging to Japanese Mitsubishi FUSO Truck and Bus Corporation (MFTBC) - to Sri Lanka out of its ... More » Daimler India to start exports of FUSO trucks from June
Thiruvananthapuram, May 23 (IANS) Kerala Industries and Information Technology Minister P.K. Kunhalikutty Thursday said some invisible forces were trying to stall the state's progress on all fronts but ... More » 'Invisible forces' trying to stall Kerala's progress: Minister
New Delhi, May 23 (IANS) The government is committed to enacting the National Food Security Bill, which legally entitles poor families to five kilograms of subsidised grain per person per month, an official ... More » Committed to food security law: UPA
New Delhi/Gurgaon/Noida, May 23 (IANS) Devil chicken with angry sauce, rigatroni au gratin washed down with grass jelly fresh milk: the capital's culinary aficionados are in for a treat with renowned food ... More » Global gastronomical delights enticing foodies
Panaji, May 23 (IANS) Aiming to position Goa as a leader in green practices in construction, manufacturing and hospitality industry, a CII conference on eco-friendly practices will be held later this month, ... More » Goa to host conference on green industry practices
REUTERS - State Bank of India, the country's largest lender, posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher ... More » State Bank of India Q4 profit falls, shares drop
India has agreed to pay 450 billion rupees for the March quarter to state-owned fuel retailers as compensation for selling products at cheaper government-set rates, officials at these companies said on ... More » Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy
Mumbai, May 23 (IANS) Nearly two-thirds of Indian households in the high income group have reported a substantial increase in consumption of organic food products in the past five years, reveals a new ... More » Affluent Indians develop taste for organic food, says survey
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that ... More » China factory activity shrinks for first time in 7 months - flash PMI
The rupee slid to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as worries about a potential pullback in the U.S. monetary stimulus programme sparked a ... More » As rupee falls to 8-1/2 month low, more weakness in store
REUTERS - The government said on Thursday it had set guidelines for pharmaceutical makers to comply with a European Union directive on standards for import of bulk drugs into the EU that takes effect on ... More » Government sets guidelines to meet EU drug import rules
The sharp fall in Tokyo stock prices is unlikely to hamper Japanese Prime Minister Shinzo's economic policies and their positive effects on the economy, the government's top spokesman said on Thursday. ... More » Japan govt: slide in stocks won't hamper Abenomics
The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke ... More » Bernanke: Decision to reduce stimulus may come in next meetings
Under unrelenting attack on more than one count, one would expect Prime Minister Manmohan Singh to be wilting. No way! On the night he released his government's report card, nine years after he came to ... More » For one under pressure, Manmohan is confidence personified
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