upward revision

No rollback of court fee hike, Delhi tells court


August 28th, 2012 - 8:26 pm ICT by IANS
New Delhi, Aug 28 (IANS) The state government Tuesday told the Delhi High Court that it would not roll back the 10-fold hike in court fees.Refusing to roll back the ... Read more...

Posted in Uncategorized |

Brazil expecting record grain harvest


August 10th, 2012 - 1:14 pm ICT by IANS
Rio de Janeiro, Aug 10 (IANS/EFE) Brazil will reap a record grain harvest of 163.3 million tonnes this year, a gain of 2 percent over 2011, a statistics agency said.The ... Read more...

Posted in Business |

Insurers to discuss revision in health, motor insurance


July 3rd, 2012 - 4:46 pm ICT by IANS
Chennai, July 3 (IANS) A key panel on the non-life insurance sector will be meeting in Hyderabad Wednesday to discuss the issue of an upward revision in health and motor ... Read more...

Posted in Business |

World Bank ups Russia GDP growth


June 13th, 2012 - 11:11 pm ICT by IANS
Moscow, June 13 (IANS) Russia's gross domestic product (GDP) will grow by 3.8 percent and 4.2 percent in 2012 and 2013 respectively, the World Bank said Wednesday.Both forecasts, carried in ... Read more...

Posted in Business |

US economy slowed in first quarter


April 28th, 2012 - 12:08 pm ICT by IANS
Washington, April 28 (IANS/EFE) The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US ... Read more...

Posted in Business |

Remittances to India rose to $64 billion in 2011: World Bank


April 27th, 2012 - 8:42 pm ICT by IANS
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost ... Read more...

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Chidambaram overruled officials on 2G, apex court told


April 4th, 2012 - 10:42 pm ICT by IANS
New Delhi, April 4 (IANS) The Supreme Court was told Wednesday that Home Minister P. Chidambaram, in his earlier capacity of finance minister, overruled officials who favoured an upward ... Read more...

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Tamil Nadu power units to raise Rs.11,000 crore


March 12th, 2012 - 10:58 pm ICT by IANS
Chennai, March 12 (IANS) State-owned Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) and Tamil Nadu Power Finance Corporation would together raise around Rs.11,000 crore through bonds and government guarantees, ... Read more...

Posted in Business |

Not enough done for Bhopal tragedy victims: Activist


January 12th, 2012 - 9:06 pm ICT by IANS
Bhopal, Jan 12 (IANS) The Madhya Pradesh government has not done enough for the victims of the 1984 Bhopal gas tragedy and their next generations, an activist said Thursday.A ... Read more...

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Jayalalithaa seeks people’s support for price rise


November 20th, 2011 - 5:14 pm ICT by IANS
Chennai, Nov 20 (IANS) Defending her decision to hike bus fares and milk prices and the proposed rise in power tariffs, Tamil Nadu Chief Minister J.Jayalalithaa Sunday urged people to ... Read more...

Posted in Business |

Tamil Nadu hikes bus fares, milk prices


November 17th, 2011 - 10:59 pm ICT by IANS
Chennai, Nov 17 (IANS) In a double blow to the residents of Tamil Nadu already reeling under double-digit inflation, Chief Minister J. Jayalalithaa Thursday announced a steep hike in bus ... Read more...

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PM hints at further fuel hike if international prices rise


November 12th, 2011 - 11:22 pm ICT by IANS
By Manish Chand On Board Air India One, Nov 12 (IANS) Prime Minister Manmohan Singh Saturday indicated that the fuel prices may have to be hiked again if international oil prices ... Read more...

Posted in World |

IOC reports quarterly net loss of Rs.7,485.55 crore


November 9th, 2011 - 4:46 pm ICT by IANS
Mumbai, Nov 9 (IANS) Joining its state-owned oil marketing peers, Indian Oil Corp (IOC) Wednesday reported huge losses in the second quarter ended Sep 30 at Rs.7,485.55 crore owing to ... Read more...

Posted in Business |

Petrol hike: Angry Trinamool summons parliamentary party meet


November 4th, 2011 - 12:36 am ICT by IANS
Kolkata, Nov 3 (IANS) Angry over the latest petrol price hike, Trinamool Congress - the second largest constituent of the Congress-led ruling United Progressive Alliance at the centre - ... Read more...

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Fresh petrol price hike of Rs.1.80 per litre


November 3rd, 2011 - 11:35 pm ICT by IANS
New Delhi, Nov 3 (IANS) Oil marketing companies Thursday raised petrol prices by Rs.1.80 per litre effective from midnight, just over a month and a half since the last ... Read more...

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Inflation-focussed RBI hikes rates again, may hold off another revision


October 25th, 2011 - 5:57 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday hiked key interest rates by 25 basis points -- the 13th straight increase to curb inflation -- but added ... Read more...

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US boosts second-quarter growth estimate to 1.3 percent


September 30th, 2011 - 11:24 am ICT by IANS
Washington, Sep 30 (IANS/EFE) The US economy expanded at an annual rate of 1.3 percent in the second quarter, compared with an earlier estimate of 1 percent, the Commerce Department ... Read more...

Posted in Business |

Price hike burden on common man: Dinesh Trivedi


September 16th, 2011 - 2:56 pm ICT by IANS
New Delhi, Sep 16 (IANS) United Progressive Alliance (UPA) ally Trinamool Congress (TMC) Friday said the hike in petrol prices would lead to further inflation and be a burden on ... Read more...

Posted in Politics |

Not consulted on petrol price hike, fumes Trinamool


September 15th, 2011 - 11:57 pm ICT by IANS
Kolkata, Sep 15 (IANS) Protesting against Thursday's hike in petrol prices, United Progressive Alliance partner Trinamool Congress alleged it was kept in the dark about the decision.Trinamool general secretary ... Read more...

Posted in Uncategorized |

Public fumes, as petrol prices hiked again (Roundup)


September 15th, 2011 - 8:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Petrol prices were hiked for the 10th time since June 2010, by a little over Rs.3 a litre from Friday, as India's oil retailers ... Read more...

Posted in Business |

India unlikely to meet fiscal deficit target: FICCI


August 31st, 2011 - 5:07 pm ICT by IANS
New Delhi, Aug 31 (IANS) Fiscal deficit in India is likely to remain over 5 percent in the current fiscal as against the budgetary estimate of 4.6 percent, due ... Read more...

Posted in Business |

PNB to finalise life insurance joint venture


July 7th, 2011 - 12:27 am ICT by IANS
Chennai, July 6 (IANS) Public sector Punjab National Bank (PNB) is likely to firm up its life insurance foray by this September, said a top official here Wednesday."We are ... Read more...

Posted in Business |

Cabinet approves more funds for total sanitation drive


June 2nd, 2011 - 8:32 pm ICT by IANS
New Delhi, June 2 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday approved an extra amount of Rs.1,348 crore for construction of toilets under the total sanitation campaign in ... Read more...

Posted in Uncategorized |

Escalated cost of automobile testing centres approved


April 28th, 2011 - 6:48 pm ICT by IANS
New Delhi, April 28 (IANS) The government Thursday approved an upward revision in the cost of setting up national automotive testing and research centres and the national institute of food ... Read more...

Posted in Business |

India set to grow at 8.4 percent in 2011: IMF


January 25th, 2011 - 3:32 pm ICT by IANS
By Arun Kumar Washington, Jan 25 (IANS) Essentially predicting no change in its previous estimate of 8.4 percent growth for India in 2011 dipping to eight percent in 2012, the International Monetary Fund ... Read more...

Posted in Business |

Allahabad Bank revises base rate to 8.5 percent


September 30th, 2010 - 9:20 pm ICT by IANS
Kolkata, Sep 30 (IANS) City-based Allahabad Bank has increased its base rate from 8 percent to 8.5 percent from Oct 1, 2010, a statement said here Thursday."The decision of upward revision in ... Read more...

Posted in Business |

FII investment raised in government and corporate securities


September 23rd, 2010 - 9:25 pm ICT by IANS
New Delhi, Sep 23 (IANS) The government Thursday raised the cap on foreign fund participation in its securities and corporate bonds to augment investment in the infrastructure sector and develop the bond ... Read more...

Posted in Business |

No shortage of power during Games: Dikshit


September 16th, 2010 - 11:33 pm ICT by IANS
New Delhi, Sep 16 (IANS) Noting that Delhi will have surplus electricity during the upcoming Commonwealth Games, Chief Minister Sheila Dikshit Thursday asked the private power distributing companies to cut down transmission ... Read more...

Posted in Business |

Owners, workers both unhappy over Dhaka’s wage fixing


August 25th, 2010 - 4:13 pm ICT by IANS
Dhaka, Aug 25 (IANS) A majority of garment factory owners in Bangladesh have opposed the fixing of minimum wages by a government board four weeks ago even as sporadic street protests by ... Read more...

Posted in Business |

Hindustan Motors expects turnaround by 2010-11 end


August 10th, 2010 - 9:29 pm ICT by IANS
Kolkata, Aug 10 (IANS) Loss-making car-maker Hindustan Motors expects a turnaround by the end of current fiscal (2010-11) by increasing production of Ambassador cars, launch of new variants and operations restructuring, a ... Read more...

Posted in Business |

Monetary tightening to continue till inflation comes down: RBI


July 26th, 2010 - 7:26 pm ICT by IANS
Mumbai, July 26 (IANS) The Reserve Bank of India (RBI) Monday said the tightening of the country's monetary policy would need to continue till inflation was brought down, indicating an upward revision ... Read more...

Posted in Business |

2009-10 foodgrain production to be 218.2 million tonnes


July 19th, 2010 - 7:34 pm ICT by IANS
New Delhi, July 19 (IANS) With record production of wheat and pulses, total foodgrain production in the country is estimated to reach 218 million tonnes in the 2009-10 crop year against a ... Read more...

Posted in Business |

Lending rates will move up over next year: Kochhar


July 19th, 2010 - 5:58 pm ICT by IANS
New Delhi, July 19 (IANS) Loans will gradually become costlier over the next year with demand for credit increasing substantially in the second part of the fiscal, India's largest private lender, ICICI ... Read more...

Posted in Business |

Defining moment expected for corporate mergers, takeovers (Comment)


July 18th, 2010 - 3:28 pm ICT by IANS
By Jagannadham Thunuguntla There is widespread anticipation regarding possible revision of the threshold limit for mandatory open offers for the purpose of takeovers from current level of 15 percent to 25 percent. If ... Read more...

Posted in Business |

India to grow at 9.50 percent in 2010: IMF


July 8th, 2010 - 10:56 am ICT by IANS
By Arun Kumar Washington, July 8 (IANS) India's growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 ... Read more...

Posted in Business |

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