‘Emirates Airline contributes $596 million to Indian economy’
September 3rd, 2012 - 8:19 pm ICT by IANS
New Delhi, Sep 3 (IANS) Dubai-based Emirates Airline has contributed $596 million to the Indian economy by way of boosting air transport, manufacturing and services sectors and creating direct and ... Read more...
Posted in Business |
Reliance Power starts production at Sasan mines
September 3rd, 2012 - 6:15 pm ICT by IANS
Mumbai, Sep 3 (IANS) Reliance Power has begun mining coal from Sasan blocks in Madhya Pradesh six months ahead of schedule, the company said Monday. It targets raising the output ... Read more...
Posted in Business |
Government considering amendments to boost SEZ
August 23rd, 2012 - 6:52 pm ICT by IANS
Mumbai, Aug 23 (IANS) The government is considering steps to ensure that SEZs remain attractive destinations for investment, Commerce and Industry Minister Anand Sharma said Thursday.He admitted that SEZs had ... Read more...
Posted in Business |
Mexico’s tourism activity grows
August 15th, 2012 - 11:42 am ICT by IANS
Mexico City, Aug 15 (IANS/EFE) Mexico's tourism activity grew 3.9 percent in the first quarter of this year, compared to the same period in 2011, thanks to strong demand for ... Read more...
Posted in Business |
Delay in communicating detention grounds vitiates order
August 12th, 2012 - 7:29 pm ICT by IANS
New Delhi, Aug 12 (IANS) The Supreme Court has said the unreasonable delay and absence of proper explanation in communicating the grounds of detention under COFEPOSA vitiates the order of ... Read more...
Posted in Business |
India’s forex reserves rise to $289.15 bn
August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...
Posted in Business |
India’s forex reserves rise by $1.31 billion
August 4th, 2012 - 3:39 pm ICT by IANS
Mumbai, Aug 4 (IANS) India's foreign exchange (forex) reserves grew by $1.31 billion to $288.64 billion for the week ended July 27, 2012, Reserve Bank of India data showed.The forex ... Read more...
Posted in Business |
Mexican remittances go up
August 2nd, 2012 - 1:05 pm ICT by IANS
Mexico City, Aug 2 (IANS/EFE) Mexicans living and working abroad sent home $11.85 billion in the first six months of the year, an increase of 6.2 percent from the same ... Read more...
Posted in Business |
India’s forex reserves rise by $589 mn (Lead)
July 29th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 million to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...
Posted in Business |
India’s forex reserves rise by $589 bn
July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...
Posted in Business |
SC favours early hearing on detenu’s plea
July 28th, 2012 - 9:35 pm ICT by IANS
New Delhi, July 28 (IANS) The Supreme Court has said it was the constitutional right of a person held in preventive detention to make a representation questioning his detention and ... Read more...
Posted in Business |
Two months jail for Andhra minister
July 25th, 2012 - 5:56 pm ICT by IANS
Hyderabad, July 25 (IANS) A special court here Wednesday sentenced a cabinet minister in Andhra Pradesh to two months' simple imprisonment for alleged violation of the foreign exchange regulation law.The ... Read more...
Posted in Business |
Non-bailable warrant against Andhra minister
July 23rd, 2012 - 8:40 pm ICT by IANS
Hyderabad, July 23 (IANS) A city court Monday issued non-bailable warrant against a cabinet minister in Andhra Pradesh in a case relating to Foreign Exchange Regulations Act (FERA) violations.The economic ... Read more...
Posted in Politics |
Foreign tourist arrivals on the rise in India
July 10th, 2012 - 7:16 pm ICT by IANS
New Delhi, July 10 (IANS) The number of foreign tourists visiting India in the first half of 2012 increased by 7.4 percent, the tourism ministry said Tuesday adding that foreign ... Read more...
Posted in Business |
India targets one percent global tourist arrivals
July 5th, 2012 - 5:57 pm ICT by IANS
Mumbai, July 5 (IANS) India is aiming to attract one percent of the total world tourist arrivals by the end of the 12th Five Year Plan (2012-17), says Tourism Minister ... Read more...
Posted in Business |
SC restrains RBI on approval to foreign law firms (Lead)
July 5th, 2012 - 5:43 am ICT by IANS
New Delhi, July 4 (IANS) The Supreme Court Wednesday restrained the Reserve Bank of India (RBI) from granting permission under the foreign exchange provisions to overseas law firms for setting ... Read more...
Posted in Business |
Mexican remittances rise
July 3rd, 2012 - 12:05 pm ICT by IANS
Mexico City, July 3 (IANS/EFE) Remittances from Mexicans living abroad climbed 7.8 percent in May compared with the same month in 2011, the central bank has said.Last month's total was ... Read more...
Posted in Business |
It’s possible to increase trade with Pakistan: CII
June 5th, 2012 - 8:08 pm ICT by IANS
Hyderabad, June 5 (IANS) Confederation of Indian Industry (CII) president Adi Godrej Tuesday said it was possible to very considerably increase trade and investment with Pakistan.He told a news conference ... Read more...
Posted in South Asia |
Sri Lanka plans tea hub, imports from India, China
May 16th, 2012 - 6:26 pm ICT by IANS
Colombo, May 16 (IANS) Sri Lanka's tea exporters are lobbying for liberalized imports to expand the industry and make it into a tea hub by blending high quality tea from ... Read more...
Posted in South Asia |
Myanmarese living abroad again allowed to import vehicles
May 15th, 2012 - 3:52 pm ICT by IANS
Yangon, May 15 (IANS) Myanmar has again allowed its people living abroad to import vehicles, said official sources Tuesday.Car import for Myanmar migrant workers was temporarily suspended in the past, ... Read more...
Posted in Business |
India’s forex reserves fall by $2.187 billion
May 12th, 2012 - 5:07 pm ICT by IANS
Mumbai, May 12 (IANS) India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed. Forex reserves had risen by ... Read more...
Posted in Business |
RBI steps in to control rupee slide
May 10th, 2012 - 4:30 pm ICT by IANS
Mumbai, May 10 (IANS) The Reserve Bank of India (RBI) Thursday asked exporters to convert at least 50 percent of their foreign exchange holdings in rupee, a move seen to ... Read more...
Posted in Business |
India’s forex reserves rise by $758.3 million
May 5th, 2012 - 3:12 pm ICT by IANS
Mumbai, May 5 (IANS) India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by ... Read more...
Posted in Business |
Remittances to Mexico rise
May 3rd, 2012 - 11:55 am ICT by IANS
Mexico City, May 3 (IANS/EFE) Remittances from Mexicans living abroad climbed 5.3 percent in the first quarter compared with the same period in 2011, Mexico's central bank said Wednesday.Expats sent ... Read more...
Posted in Business |
India’s forex reserves rise by $1.46 billion
April 28th, 2012 - 3:06 pm ICT by IANS
Mumbai, April 28 (IANS) India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen ... Read more...
Posted in Business |
F1 race track in Kerala will boost tourism: Narain Karthikeyan (Lead)
April 26th, 2012 - 6:25 pm ICT by IANS
Thiruvananthapuram, April 26 (IANS) The only Asian driver in the Formula One circuit Narain Karthikeyan Thursday said an F1 race track in Kerala is certainly going to be a boost ... Read more...
Posted in Uncategorized |
Kerala open to setting up motor racetrack
April 26th, 2012 - 2:25 pm ICT by IANS
Thiruvananthapuram, April 26 (IANS) The Kerala government can consider opening a motor racing track in the state if it helped pull in tourists, Tourism Minister A.P. Anil Kumar said ahead ... Read more...
Posted in Sports |
Sri Lankan tea production drops
April 25th, 2012 - 4:19 pm ICT by IANS
Colombo, April 25 (IANS) Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board Wednesday, fueling fears that the ... Read more...
Posted in Business |
India’s forex reserves rise by $213.8 million
April 21st, 2012 - 3:45 pm ICT by IANS
Mumbai, April 21 (IANS) India's foreign exchange (forex) reserves rose by $213.8 million to $293.14 billion for the week ended April 13, after declining by $1.47 billion in the previous ... Read more...
Posted in Business |
India should allow processing of pulses for exports
April 6th, 2012 - 6:33 pm ICT by IANS
Chennai, April 6 (IANS) The Indian government should allow at least the processing of imported raw pulses for export markets so that the domestic milling industry occupies the slots now ... Read more...
Posted in Business |
Bangladesh encourages inward remittances with new banks
April 4th, 2012 - 8:56 pm ICT by IANS
Dhaka, April 4 (IANS) Bangladesh's central bank has approved a proposal to set up three new commercial banks to boost inward remittances from its citizens living and working abroad.The board ... Read more...
Posted in Business |
Supreme Court decries abuse of court process by criminals
April 1st, 2012 - 5:35 pm ICT by IANS
New Delhi, April 1 (IANS) A Haryana-based black-marketeer sentenced to a one-year jail term kept filing petitions in various courts for over 12 years to delay his surrender. The Supreme ... Read more...
Posted in Uncategorized |
Sri Lanka, Kuwait to sign MoU for migrant workers
March 29th, 2012 - 6:32 pm ICT by IANS
Colombo, March 29 (IANS) Sri Lanka will sign a Memorandum of Understanding (MoU) with Kuwait to protect the rights of migrant workers in the country, an official said Thursday."There are ... Read more...
Posted in World |
Mukherjee rules out roll-back of gold duty hike
March 27th, 2012 - 8:14 pm ICT by IANS
New Delhi, March 27 (IANS) Finance Minister Pranab Mukherjee Tuesday ruled out any roll back of the proposed hike in duty on gold, saying precious foreign exchange was being ... Read more...
Posted in Business |
Sri Lanka struggles to reduce $1 bn dollar deficit
March 27th, 2012 - 2:12 pm ICT by IANS
Colombo, March 27 (IANS) Sri Lanka's external trade in 2012 has begun with a nearly $1 billion trade deficit due to a mixed performance with subdued exports and high imports, ... Read more...
Posted in Uncategorized |