Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed ... More » Bernanke points to reduced Fed bond buying this year

Bhubaneswar, June 19 (IANS) A trade body Wednesday said the restriction on import of gold imposed recently by the government may bring short-term benefits but warned it would do more harm than good for ... More » Gold import curbs may have adverse impact: Trade lobby

New Delhi, June 19 (IANS) An expected two degrees Celsius rise in the world's average temperatures in the next few decades would make India's summer monsoon unpredictable, affecting crop production, a ... More » Two degree rise in temperature will hit India's agriculture: Report

Bangalore, June 19 (IANS) Asia's largest plantation firm Tata Coffee Wednesday unveiled its premium extraction plant at Theni near Madurai in Tamil Nadu to process the beans into freeze dried powder for ... More » Tata Coffee opens extraction unit at Tamil Nadu's Theni

New Delhi, June 19 (IANS) The Supreme Court Wednesday agreed to hear a PIL seeking direction to central government to prosecute the heads of the nine cyberspace giants for endangering the country's sovereignty ... More » SC to hear PIL for curbing official work on private internet providers

Chennai, June 19 (IANS) City-based enterprise solution provider Ramco Systems Ltd Wednesday announced the signing of a deal with the Franco-German-Spanish Eurocopter Group to provide maintenance software ... More » Eurocopter, Ramco Systems ink deal for chopper maintenance software

Kolkata, June 19 (IANS) The Calcutta High Court Wednesday refused to order a CBI probe into the multi-crore Saradha Group chit fund scam but kept the matter pending and directed the state investigating ... More » Court refuses CBI probe into Saradha scam

New Delhi, June 19 (IANS) United Progressive Alliance (UPA) Chairperson Sonia Gandhi will lay the foundation of a Rs.2,938 crore water supply project at Jayal in Nagaur district of Rajasthan Thursday. ... More » Sonia Gandhi to lay foundation of Rs.2,938 crore water project in Rajasthan

Bangalore, June 19 (IANS) IT infrastructure major Emerson Network Power Wednesday entered into a strategic alliance with NxtGen Data Centre and Cloud Service Ltd to offer its integrated smart solutions ... More » Emerson to offer smart solutions with NxtGen data services

Mumbai, June 19 (IANS) Regular toilets will be replaced by eco-friendly bio-toilets for disposing human waste at all stations of the Konkan Railway (KR), an official said here Wednesday. Two railway stations, ... More » Konkan Railway introduces 'green' toilets

Mumbai, June 19 (IANS) A benchmark index of Indian equities market Wednesday ended the day's trade marginally higher than the previous day's close upon hopes of continuation of the US central bank's bond-buying ... More » Sensex closes marginally higher; consumer durable stocks gain

New Delhi, June 19 (IANS) The World Bank Wednesday offered a $216 million loan for upgrading state highways and road safety in Kerala. A tripartite agreement between the World Bank, the Indian government ... More » World Bank offers $216 mn loan for Kerala transport projects

The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president ... More » World Bank watching U.S. Fed, ready to respond

Shillong, June 19 (IANS) Two units of the 275 MW Kopili Hydel Project in Assam, owned by the North Eastern Electric Corp (NEEPCO), has been temporarily shutdown due to "acidification" of the ... More » Two units of Assam's Kopili hydel project shut down

New Delhi, June 19 (IANS) The Central Bureau of Investigation (CBI) Wednesday registered its 13th case against a Delhi-based private steel firm for alleged irregularities in coal blocks allocations and ... More » CBI registers 13th case in coal blocks allocation

Pune, June 19 (IANS) Tata Motors Wednesday unveiled eight new variants across its five passenger car brands under a new marketing strategy to arrest falling sales. According to the company, the new product ... More » Tata Motors unveil eight new variants, adopt new marketing strategy

New Delhi, June 19 (IANS) The Delhi High Court Wednesday suspended the government's order to prohibit auto-rickshaw drivers from displaying advertisements and posters on their vehicles. Appearing on behalf ... More » Court stays ban on advertisements on auto-rickshaws

Agartala, June 19 (IANS) President Pranab Mukherjee will undertake a two-day visit to the Left Front ruled Tripura from Thursday, an official said here Wednesday. "The president will attend the tenth ... More » President to visit Tripura

Mumbai, June 19 (IANS) The Indian rupee fell to 58.91 against a dollar Wednesday, fractionally less than the record low of 58.98 hit last week, on concerns that the US Federal Reserve might signal cutting ... More » Rupee slips to another low ahead of US Fed meeting

New Delhi, June 19 (IANS) Atul Singh, Coca-Cola's president and CEO (India and Southwest Asia), will take over as deputy president (Pacific Group) from July 1, the company said Wednesday. In his new role, ... More » Atul Singh Coca-Cola's new deputy president, Pacific Group

Reuters Market Eye - Foreign institutional investors bought 5.62 billion rupees worth of stock futures on Tuesday, NSE data shows. Derivatives analysts say buying mainly concentrated on Reliance Communication ... More » Foreign investors buy RComm June futures

Shimla, June 19 (IANS) The country's largest hydropower plants in Himachal Pradesh remained shut for the fourth consecutive day Wednesday following a high silt level in the Sutlej river, triggering a power ... More » Himachal hydropower units remain shut for fourth day

Manali, June 19 (IANS) Most taxis went off the roads here Wednesday to protest the government's decision not to allow chartered vehicles that are over four years old to ply to nearby tourist destination ... More » Manali taxi operators go on strike, tourists harassed

Indian gold futures edged lower on Wednesday tracking cues from a weak overseas market and as traders eye the U.S. Federal Reserve for direction. * Fed Chairman Ben Bernanke said last month the bank could ... More » Gold futures edge lower, tracking global markets

An order for more than 100 Airbus passenger jets by UK low-cost carrier easyJet has re-ignited a long-running trade spat between the European planemaker and U.S. rival Boeing . EasyJet announced the $10 ... More » Airshow: EasyJet plane order rekindles Airbus-Boeing subsidy row

Bhubaneswar, June 19 (IANS) The demand for light emitting diode (LED) lighting in India is expected to grow by about 40 percent per annum over the next five years, lighting solutions manufacturer NTL Lemnis ... More » 'India's LED lighting demand to rise by 40 percent'

Gulmarg, June 19 (IANS) Like a phoenix risen from the ashes, Kashmir has once again got a five-star luxury resort two decades after the only such property in the Valley closed down due to militancy-related ... More » With normalcy, five-star luxury returns to Kashmir

The Silicon Valley IPO has lost its cachet, and big investors need to pay attention. That's the view of two prominent startup chief executives awash in offers of private investment, who don't think the ... More » Reuters Summit - IPO? No thanks, say Silicon Valley CEOs

Thiruvananthapuram, June 19 (IANS) Kerala Tourism Minister A.P. Anil Kumar Wednesday said that all stakeholders would be taken into confidence regarding the operations of a sea plane service in the state's ... More » All will be consulted on seaplane service: Kerala minister

Kolkata, June 19 (IANS) Platters (thalis) of quintessential Bengali delights will wow foodies as the first restaurant in the city serving exclusive thali meals has opened it's doors here. Gastronomes at ... More » Exclusive Bengali thali restaurant opens in Kolkata

By Stephanie Simon REUTERS - The International Monetary Fund will make its training sessions on financial policy and debt sustainability available online this year to government officials worldwide, allowing ... More » IMF says to extend reach with online economics training

Mumbai, June 19 (IANS) A benchmark index of Indian equities markets was trading flat at 0.46 percent down during the pre-noon session Wednesday. Selling pressure was observed in stocks like autos, oil ... More » Sensex trades flat in pre-noon session

India will auction 420.22 billion rupees in unused government debt limits to foreign investors on June 20, a source with direct knowledge of the plans said on Wednesday. Market regulator Securities and ... More » India to sell $7.15 billion in debt quotas to foreign investors on Thursday

Brent crude futures held above $106 a barrel on Wednesday as investors looked to a Federal Reserve meeting for clues on the outlook for a U.S. stimulus programme that has underpinned commodity prices. ... More » Corrected - Brent holds above $106, all eyes on Fed

Brent crude futures held above $106 a barrel on Wednesday as investors looked to a Federal Reserve meeting for clues on the outlook for a U.S. stimulus programme that has underpinned commodity prices. ... More » Brent holds above $106, all eyes on Fed