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Aug 2013
Govt shelves hike in import duties on luxury goods

The government has decided not to hike import duty on luxury goods , reports CNBC-TV18's Aakansha Sethi.

Till Wednesday, the government had indicated that duty on the import of luxury items would be effected as a part...

Aug 2013
te plans flyover near Infocity-II

BHUBANESWAR: The state government has moved the National Highway Authority of India (NHAI) to construct a flyover on NH-5 near Bhuasuni temple to provide better connectivity to the proposed Infocity-II near Khurda. "Considering...

Aug 2013
Rupee touches 62/$, may fall further

The rupee recorded yet another lifetime closing low on Friday as foreign investors fled both equity and debt markets fearing tougher forex restrictions from the  authorities concerned.

At 61.71 against the US dol...

Aug 2013
Indian firms in Europe achieve business turnaround

Despite growing concerns in the Europe over the sovereign debt crisis, a survey has revealed that the ‘feel good’ factor is returning among Indian companies doing business in the continent.

A survey titled “Is the ...

Aug 2013
US trims anti-dumping duty on Indian shrimp to 5.8%

KOCHI, AUG. 16: Though the US Department of Commerce has, in its final determination, imposed a 5.85 per cent countervailing duty (CVD) on shrimps imported from India, exporters are not much perturbed as the demand from the US is on the upswing an...

Aug 2013
Indian rupee sags to record low despite government steps

The currency fell as far as 62.46 to the dollar in early trade, breaching the previous low of 62.03 hit on Friday.

Some dealers are expecting further dollar selling by the central bank as well as other measures to prop up a currency...

Aug 2013
Forex reserves rise; at $278.602 bn on Aug 9: RBI

India's foreign exchange reserves were up at USD 278.602 billion as on August 9, compared with USD 277.17 billion in the earlier week, the Reserve Bank of India (RBI) said on Friday.

The RBI does not give any weekly data on its forw...

Aug 2013
Increase import duty on soya, cotton, sugar: Gopinath Munde

The Central government should increase the import duties on soya, cotton and sugar, as their prices in the domestic market were falling, senior BJP leader and MP Gopinath Munde said.

Indian farmers would benefit if the prices were s...

Feb 2013
Tea exports drop


Indian tea exports fell both by volume and value during the first six months of 2012-13. While exports have been on a downward curve in recent tim...

Feb 2013
Union Budget 2013: Will chemical industry get the boost they deserve?


The USD 108-billion Indian chemical industry, which represents 3 percent of the global chemicals industry, is estimated to grow at 11 percent annu...

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