ENS Economic Bureau
If you’re travelling abroad, you can now use the credit card or debit card to purchase dollars or any foreign currency from full-fledged money changer
The rupee shot up by 60 paise to end at a nearly 4-week high of 48.98/49.00 against the dollar on expectations of more capital inflows.
Dalal Street continued its winning streak for the second consecutive day on the back of foreign fund buying coupled with strong cues from other Asian
Reliance Industries Ltd has signed a $400 million US financing facility to support the company’s various investment projects in India.
The government may not meet its indirect tax collections this year. It has taken a hit of over Rs 40,000 crore indirect tax revenue this year on accou
In what could trigger apprehensions in the potential bidders for 3G spectrum in the country, the telecom regulator TRAI has suggested levying of addit
Terror aftereffects would weigh down country’s ailing airline industry which might see a sharp drop in air travel, said the International Air Transpor
Small debt schemes of various mutual fund companies might be at the risk of redemption pressure if they don’t rejig their investment portfolio.
The global financial turmoil and falling property markets have not impacted the mega plans of Indian financial sector players.
Cement companies have cut prices by up to Rs 6 per bag in response to the government's move to reduce CENVAT by four per cent. Mumbai-based Ambuja Cem
Banks have started reducing the interest rates following the economic stimulus package announced by the Central government and cut in repo/ reverse re
Infrastructure clearly seems to be the priority for the UPA government with all efforts being made to provide funds worth $2 billion to the India Infr
Explaining its decision to apportion spectrum among Telecom companies on a first-come-first-served basis, the Government claimed before the Delhi HC t
At a time when the real estate sector in India is facing fundamental challenges to business, its transparency seems to be improving. According to the
Indian markets underperformed other global markets in spite of the mega economic package announced by the government and the Reserve Bank of India.
In what would seem like a half-hearted move to rev up the domestic economy in the wake of global slowdown.
In what would seem like a half-hearted move to rev up the domestic economy in the wake of global slowdown...
Under tremendous pressure to follow suit, after state-carrier National Aviation Company India Limited and Jet Airways announced a cut in fuel surcharg
Jet Airways and it low-cost arm, JetLite, have announced a cut in fuel surcharge of Rs 400 across all domestic sectors.
The Reserve Bank of India (RBI) on Friday has unveiled draft guidelines to be implemented while effecting a change in the takeover or restoration of
After falling for several weeks, India’s foreign exchange reserves swelled by $1.887 billion to $247.686 billion for the week ended November 28. Analy
In a circular issued today, the IRDA has asked insurance companies details of all the investments made in September, October and November 2008, the mo
Despite the economic slowdown, the government has managed over 20 per cent growth in overall net direct tax collections in the first eight months of t
Dalal Street turned jubilant on Thursday as expectations for an interest rate cut received a big boost from a dip in inflation.
In a significant move aimed at disciplining investor behaviour, the Sebi decided that no early exit will be allowed in any close-ended schemes and ask
