- Budget 2012-13: Expectations and Exigencies
March 05 2012 4:56 AM
The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.
- BSE Sensex Falls by 1 Percent, Banks Lead Losses
March 05 2012 4:16 AM
The BSE Sensex fell more than 1 percent on Monday on worries a lower-than-expected showing by the Congress party in the Uttar Pradesh elections would make it difficult for the government to revive stalled reforms.
- India Should Hold Its Nerve on Stock Auctions
March 03 2012 6:00 AM
New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
- U.S. Housing Sector, Fiscal Policy Pose Risks: IMF
March 02 2012 11:57 AM
The U.S. economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a credible, comprehensive fiscal plan, posing a major medium-term economic risk, a top IMF official said.
- Iran’s Parliamentary Election Condemned as Farce
March 02 2012 8:46 AM
About 48-million people are eligible to vote for 290 seats in the Tehran parliament, the Majlis.
- Choppy BSE Sensex Heading for 2nd Weekly Fall
March 02 2012 3:23 AM
The BSE Sensex was on track for its second weekly fall in a row as the market seesawed on Friday after a muted response to a government stake sale in Oil and Natural Gas Corp (ONGC.NS) raised concerns about divestment programmes.
- Crude Shoots Above $110 a Barrel on Explosion Rumors
March 01 2012 5:43 PM
A reported explosion on a Saudi Arabian pipeline sent crude prices soaring above $110 a barrel Thursday.
- $5 Gas is High, But the Price is Much Higher in Many Foreign Countries
March 01 2012 5:13 PM
Gas prices have risen to above $4 per gallon in many parts of the United States, sending economists into a tizzy about its impact on consumer spending, consumer confidence and the effects it will have on the housing market.
- Strait of Hormuz: If Iran Closes It, Where Does Price of Oil Go?
March 01 2012 4:50 PM
Iran, faced with global trade embargoes and a possible attack by Israel on its nuclear installations, has threatened to close the Strait of Hormuz.
- Oil Pushes $110 on Iran Concern, Economic Data
March 01 2012 4:07 PM
Brent crude rose above $124 per barrel and West Texas Intermediate rose as much as $1.11 to $110.55 per barrel on Thursday as upbeat economic data from China and the United States brightened oil demand prospects.
- BSE Sensex Down by 1 Percent, Maruti Suzuki Rallies
March 01 2012 12:39 AM
The BSE Sensex skidded 1 percent on Thursday as a government share sale in Oil and Natural Gas Corp (ONGC.NS) to raise at least $2.5 billion drew investors away from the secondary market.
- Starvation Would Force Iranians Into Giving Up Nuclear Power: Israeli Official
February 29 2012 3:13 PM
Israel official said the threat of hunger would force the Iranian regime to weigh the value of their atomic ambitions.
- Bernanke: Progress Lowering Unemployment Could Fade
February 29 2012 11:22 AM
The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.
- Iran to Accept Gold for Oil Import Payments
February 29 2012 8:51 AM
Crude oil is predominantly priced and traded in U.S. dollars, although Iran has already accepted payments in some other currencies.
- U.S. Economy Grew Revised 3% in Q4 - Better Than Expected
February 29 2012 8:41 AM
The U.S. economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
- Rupee Hits 3-week High on Capital Inflow
February 29 2012 5:19 AM
The rupee surged to its highest in three weeks on Wednesday as capital inflows picked up ahead of a large share sale in state-run Oil and Natural Gas Corp.
- BSE Sensex Up by 1 Percent; ONGC Rallies
February 29 2012 2:34 AM
The BSE Sensex rose more than 1 percent on Wednesday, with state-run Oil and Natural Gas Corp (ONGC) among the big gainers ahead of a government share sale in the company to raise at least $2.5 billion.
- India's Economic Growth Weakest in 3 Years; Q3 GDP Grows at 6.1 Percent
February 29 2012 2:08 AM
India's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. GDP rose 6.1 percent in October to December compared with a year earlier, a lower-than-expected increase, figures from the statistics office showed.
- BSE Sensex Rises again after Falling 5.3 Percent
February 28 2012 1:56 AM
The BSE Sensex rose more than 1 percent on Tuesday as investors scooped up bargains, after the market fell 5.3 percent over four sessions.
- BSE Sensex Falls by 1 Percent on Fear of Inflation
February 27 2012 2:16 AM
The BSE Sensex fell more than 1 percent on Monday, extending last week's 2 percent decline, as high global oil prices revived concerns about inflation in the country that imports about 80 percent of its oil consumption.