Currently, FDI up to 100 per cent is allowed in the drugs and pharmaceuticals on the automatic route.
Bombay Stock Exchange is working on trading in different categories like debts, interest rate derivatives, forex and power.
The interest subvention on pre-shipment credit for seven sectors, including handlooms, handicrafts, carpets, leather, gems and jewellery, marine products will now be available till March 31, 2010. "Our exporters by virtue of their close links to the external sector have borne the brunt of the global economic crisis. It is appropriate that we continue to provide them all possible assistance to them overcome the short term disadvantages," Finance Minister Pranab Mukherjee said
This comes in the backdrop of declining demand from traditional export markets like the US and Europe due to the ongoing global economic crisis. The increase in allocation to MDA and MAI would be mainly towards developing nations like Brazil and South Africa.
Tivoli has turned out to be the best-selling vehicle from SsangYong in its 62-year history, Ajay Modi reports from New Delhi.
An Indian woman employee at the London office of IT major Wipro has filed a 1 million pounds compensation case of sexual discrimination.
Reader Dr.Yadunandan T V sent us these pictures from Colombo.
Officials said Sebi is closely in touch with RBI on the market developments.
The assurance came after a meeting of the Saudi Arabia's Supreme Council for Petroleum and Mineral Affairs, which was chaired by King Abdullah. The meeting, which reviewed world oil market developments, referred to the resolution taken by the last OPEC summit in Riyadh in which leaders said they would manage petroleum resources to ensure sustained development. The summit expressed its satisfaction over the progress of work at new investment projects.
Gold is up 0.8 per cent for the week, after hitting a near-two-week high earlier in the week.
The government has introduced the Hi-Tech Products Export Promotion Scheme. However, the list of the products that will benefit from the scheme is yet to be announced.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Understanding InvITs properly will enable investors to make an informed decision, says V K Bansal.
The market watchdog along with other regulators is developing bond markets and the current limit on foreign participation in the this markets will move away as the market develops in the next 12 months, said Sebi Chairman M Damodaran.
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
Pointing out there is complete awareness of what needs to be done, who needs to do it and the urgency to get it done, Damodaran said the only thing missing is its execution.
Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
Currently, 2-in-1s cost Rs 34,000 and above.
On the index, India has a score of 4.52 while that of Switzerland is 5.81
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
Monetary policy stance to depend on inflation data
The much-delayed Foreign Trade Policy (FTP), which will roll out steps to boost exports, is expected to be unveiled soon.
DIREM Marketing Services Pvt Ltd is recruiting a Market Development Officer.
The annual list, released on Wednesday by Geneva-based World Economic Forum, comes at a time when the new Indian government has completed 100 days in power and has promised further steps to revive its economy and the ease of doing business in the country.
Powerlooms and a lack of policy have pushed heritage art towards extinction, say Shreya Jai and Subhayan Chakraborty.
Spain will soon open a trade and tourism office in Mumbai with an eye on improving bilateral economic relations with India.
The British pound was down nearly 9 per cent in early morning trade.
It came down from $1.94 billion in 2009-10 to $1.17 billion the next year and to $1.11 billion in 2011-12.
After bringing home just two medals from the Rio Olympics, India needs to be realistic in its preparations for the 2020 Tokyo Games and should narrow its focus to a handful of sports, says former All England badminton champion Prakash Padukone. P.V. Sindhu's silver medal in the badminton women's singles and a bronze from wrestler Sakshi Malik at the Rio Games was considered a sorry return for a nation of 1.3 billion people. India have won a total of 28 medals since first competing at the Olympics in 1900 but a government think tank has come up with a strategy it hopes will help the country to 50 medals in 2024, including prioritising 10 sports.
However, RBI would continue to nudge banks to cut lending rates
Zhangjiakou, the joint-bidding city of Beijing for 2022 Winter Olympics, is developing fast in skiing industry. Mayor Hou Liang said on Thursday that the Hebei city had been training coaches to meet the need of the rapid development.
India is still the best story in major emerging markets from a 5-year perspective.
'The Budget targets are achievable, but they require continued discipline and that the government sticks with the efforts to cut red tape and make business in India more efficient.'
The suburban location of Mumbai's Goregaon registered the biggest decline in average weighted basic sale price at 20 per cent.
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Sebi keen to attract larger number of retail investors
The board of the capital market regulator, Securities and Exchange Board of India will meet in Delhi on Tuesday to consider among other issues the recent trends in the stock market.
T Thomas, former chairman of Hindustan Unilever, passed away March 2.
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