OilMin for compensating PSU oil retailers The Times Of India NEW DELHI: After Finance Minister Pranab Mukherjee altered duties on auto fuels to raise revenues, the Oil Ministry is pressing for new ways to compensate state- owned retailers for losses they suffer on selling fuel below cost price. | Oil Secretary S Sundareshan said maintaining the financial heal...
Govt to borrow more from market in H1 of 2010-11 The Times Of India NEW DELHI: The government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1, a top adviser said on Tuesday, allowing more space for private borrowing as the economic growth picks up steam. | Montek Singh Ahluwalia, deput...
OilMin for compensating PSU oil retailers The Times Of India NEW DELHI: After Finance Minister Pranab Mukherjee altered duties on auto fuels to raise revenues, the Oil Ministry is pressing for new ways to compensate state- owned retailers for losses they suffer on selling fuel below cost price. | Oil Secretary...
Rupee off highs as share turn negative The Times Of India MUMBAI: The rupee retreated from the day's highs on Wednesday afternoon tracking a choppy domestic sharemarket but higher regional peers continued to underpin sentiment. | At 2:15 p.m., the partially convertible rupee was at 45.445/455 per dollar, of...
Rupee near recent 2-month high; shares help The Times Of India MUMBAI: The rupee strengthened towards recent two month highs on Wednesday tracking gains in regional peers and a firm local stock market while hopes of strong foreign interest at a share sale boosted sentiment. | The government begins selling shares...
Govt to borrow more from market in H1 of 2010-11 The Times Of India NEW DELHI: The government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1, a top adviser said on Tuesday, allowing more space for private borrowing as the economic grow...
WN / Geeta
Wheat, rice stocks swell; exports possible The Times Of India NEW DELHI: India's wheat and rice stocks more than doubled as at March 1, government sources said on Monday, indicating the country's ability to free some stocks for exports and op...
Govt plan to recapitalise PSU banks is credit positive The Times Of India MUMBAI: In last week's announcement of the Union Budget for the fiscal year ending March 2011, the finance minister Pranab Mukherjee said that Rs 165 billion will be used to ensure...
Rupee near 2-month peak on dollar fall; firm shares The Times Of India MUMBAI: The rupee climbed to its highest level in nearly two months on Monday, riding on a firm start to the local sharemarket and broad weakness in the dollar versus major currenc...
Rupee weakens tracking local shrs, strong dlr The Times Of India MUMBAI: The rupee weakened on Tuesday as a fall in local shares and dollar buying by refiners underpinned sentiment. | The partially convertible rupee ended at 45.6250/6350 per dollar, about 0.2 percent weaker than its 45.53/54 close on Monday. It ha...
Rupee rangebound mirroring shares The Times Of India MUMBAI: The rupee was little changed on Tuesday afternoon closely tracking the seesawing domestic sharemarket, but the bias was on the weaker side after the sharp gains seen in recent sessions. | At 1:30 p.m., the partially convertible rupee was at 4...
Wipro Infotech to develop IT network to track frauds The Times Of India NEW DELHI: The government might now have a tighter grip on financial scams in the country. The ministry of finance's Financial Intelligence Unit (FIU) has awarded an IT contract to Wipro Infotech to develop an IT network to track all irregular financ...
Inflation to come down by April: Chief Economic Advisor The Times Of India NEW DELHI: Chief economic advisor Kaushik Basu on Tuesday said inflation would cool down by April following good agricultural production. | “With better food production inflation will die down. Food inflation is high; it’s a concern. My own expectation is by April-May the base effect would have gone,” Mr Basu said. The government has taken ac...
Jet grounds fund-raising plan on stake dilution worries The Times Of India MUMBAI: Jet Airways has decided to abandon its plans to raise $200 million (Rs 900 crore) by selling shares to foreign investors in the current fiscal after the company’s owner Naresh Goyal had second thoughts about a significant decline in his stake in the private airline. | The company was planning to increase its holding by selling shares to f...
