Saturday, 13 April 2013

Gold, crude oil prices fall sharply

Gold, crude oil prices fall sharply

Gold, crude oil prices fall sharply

India's two largest imports - crude oil and gold - saw their prices fall sharply on Friday, raising hopes for the country's stressed balance of payments and fiscal deficit. Frantic sell-offs in gold pushed the price of the yellow metal to below Rs 29,000 for 10 ...
SBI sells $1-bn bonds, sets new benchmark in pricing at 3.25%

SBI sells $1-bn bonds, sets new benchmark in pricing at 3.25%

State Bank of India has set a new benchmark in overseas bond pricing at a low 3.25 per cent for its just-concluded USD 1-billion debt sale programme in the global markets which has received an oversubscription of 4.3 times, according to merchant bankers of ...
Fuel availability vital for industrial turnaround: CRISIL

Fuel availability vital for industrial turnaround: CRISIL

CRISIL Research has come out with its report on IIP data for January 2013. According to the research firm, India's core industries, the economy's lifeline, are slipping badly. February IIP data shows a decline in electricity output compared to the same month ...
Chidambaram asks bankers to brace up for rollout of LPG subsidy

Chidambaram asks bankers to brace up for rollout of LPG subsidy

Finance minister P Chidambaram on Friday asked public sector lenders to gear up for the proposed roll out of direct cash subsidy for cooking gas across the country as well as gear up for the second phase of the direct benefit transfer scheme that will start ...
Coke sees fizz in rural India

Coke sees fizz in rural India

NEW DELHI: For beverage maker Coca-Cola, it is India's hinterland that is proving to be the new hotspot, with the company expecting its growth in rural areas to exceed growth in cities. While cities continue to constitute a majority share of the sales, it is the ...
Gujarat, the gateway to India: fact or farce?

Gujarat, the gateway to India: fact or farce?

Going by the Gujarat government's figures, memorandums of understanding (MoUs) for Foreign Direct Investments (FDI) worth $876 billion were signed during its five biannual Vibrant Gujarat Global Investors Summits from 2003 to 2011 and a whopping 84 ...
L&T to buy out Komatsu subsidiary

L&T to buy out Komatsu subsidiary

READ MORE ON » Ministry of Defence | Komatsu | hydraulic excavators | economy. Larsen & Toubro on Friday announced that it would acquire 50% stake in L&T-Komatsu (LTK) held by Komatsu Asia & Pacific. (). Vol: shares traded. (). Vol: shares traded ...
Branding can propel India among top 5 farm produce exporter By 2030: report

Branding can propel India among top 5 farm produce exporter By 2030: report

India can become one of the world's top five exporter of farm produce and generate greater returns for its farmers apart from giving assured quality to consumers if extensive investment is made on branding of food and fresh farm products, the third Food and ...
Germany to provide $1.3 bn for green energy

Germany to provide $1.3 bn for green energy

Germany will support building up of renewable energy in India by providing soft loans of up to $1.3 billion for a six-year period starting next year. Germany's offer as part of its development cooperation with India was made in a "joint declaration of intent" ...
Expert panel to assess situation in Sterlite plant

Expert panel to assess situation in Sterlite plant

The National Green Tribunal, Southern Bench, on Friday decided to constitute an Expert Committee to assess the situation in Sterlite's copper plant in Tuticorin which was closed recently on the complaints of excessive emission of sulphur dioxide. The Bench ...