Business

Manmohan Singh said that the corporate sector deserves a great deal of the credit for the massive transformation of Asia.

The government last week took a decision to allow up to 51 per cent FDI in multi-brand retail.

Shares of JSW Steel opened at Rs 717.90, then tumbled 3.76 per cent to an early low of Rs 697.

Ratings agency Standard & Poor's had in June threatened to downgrade India's sovereign ratings.

The first hike in more than 14 months was triggered by a 28 per cent surge in crude oil price.

The Manmohan Singh Administration has made a crucial change in a key requirement for allowing a foreign company to start a fully-owned single-brand retail business in India.

The new policy clearly says that each state government has the right to decide whether to implement the policy or not.

Till now, 49 per cent FDI was allowed in cable TV and DTH while it is 74 per cent in HITS.

The higher rate of inflation was driven by higher food prices due to deficient monsoon.

Higher opening in the equity market and weak dollar against other currencies overseas capped rupee's losses.

The forecasts for July ranged from a contraction of 2.5 per cent to a rise of 4.0 per cent.

MAHAGENCO has invited online applications for the post of junior engineers and sub-engineers.

The SBI monetary authority is expected to take call on the interest rate regime on September 17 at mid-quarter review.

RBI Governor D Subbarao maintained that inflation needs to remain the top priority.

Sources said Indian investigations would not be affected by the recent settlement reached by StanChart in the US.

In its annual report, the Central bank said that poor summer rains have clouded growth prospects for India.