Global peers, IT stocks drag markets

Markets ended near the day's low on witnessed in auto and IT stocks. Cues from the European peers also dampened investor sentiments, taking the Sensex to a low of 18,449 - down 93 points from the......

Bhilwara Energy to sell 10.8% stake to IFC

LNJ Bhilwara Group firm Bhilwara Energy said on Monday it would dilute nearly 11 per cent stake to two foreign investors for raising Rs 230 crore (Rs 2.3 billion) to part-fund the company's power......

Textiles: Slash excise duty on MMF

The Indian textile industry has an overwhelming presence in economic life of the country. As per the data in FY09, it constitutes 14% on Industrial production, 4% to GDP and 17% to country's export......

Textiles: Remove customs, excise duties on inputs

Exemption of excise and customs duty on liquid fuels, abolition of service charge, rescheduling of loans for all textiles and clothing units will reduce pressure on the industry and will help to......