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Business News

Wholesale inflation rises to 5.77% in June on increasing prices of vegetables, fuel

The Inflation, based on wholesale prices, shot up to 5.77 per cent in June on increasing prices of vegetables and fuel items. The WPI inflation stood at 4.43 per cent in May and 0.90 per cent in June last year

Sensex adds 87 points in all time high close in afternoon trade to 36,635

Sensex at Bombay Stock Exchange today added 87 points in yesterday's all time high close in afternoon trade to 36,635.

Reserve Bank makes it compulsory to incorporate purchaser’s name on the face of payment instrumentalities to prevent money laundering

In order to address the concerns arising out of the anonymity and to prevent money laundering, the Reserve Bank

Industrial production growth slips to 3.2% in May while retail inflation rises to 5% in June

Industrial production growth slipped to a seven-month low of 3.2 per cent in May mainly due sluggish performance of manufacturing and power sectors

SEBI to soon come out with consultation paper on developing robust secondary market for debt segment

Securities and Exchange Board of India (SEBI) will soon come out with a consultation paper on developing a robust secondary market for the debt segment.

Govt approves Idea Cellular and Vodafone India merger

Telecom Minister Manoj Sinha today said that the Government has approved the Idea Cellular and Vodafone India merger but the companies need to complete some formalities for the final closure of the deal.

India becomes sixth-biggest economy in World Bank Ranking

Minister for Commerce and Industry Suresh Prabhu has said that India is on track to be economy of 5 trillion dollars in next few years and 10 trillion dollars in about 16 years under the leadership of Prime Minister Narendra Modi.

MPC to continue with 3-day format for monetary policy meet

Reserve Bank has said it will continue with the three-day meeting format of the Monetary Policy Committee which decides on the key interest rate, commencing on 30th of this month.

Steel, aluminium tariffs: India, US to hold talks in Geneva next week

India and the US will hold consultations next week in Geneva to deliberate upon the case filed by New Delhi in the World Trade Organization's .

RBI reveals that India's manufacturing sector recorded robust growth in sales

Reserve Bank has revealed that India's manufacturing sector recorded robust growth in sales and improvement in operating profit growth in the fourth quarter of the last fiscal.

1st India Tourism Mart to be organized in New Delhi from 16th of Sept.

The first India Tourism Mart will be organized in New Delhi from 16th of September to create a global tourism mart for India on lines of major international travel marts.

India, South Korea ink agreement to boost bilateral trade

Minister for Commerce and Industry Suresh Prabhu and South Korean Minister for Trade Kim Hyun-Chong today signed agreements in New Delhi to boost bilateral trade.

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