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Just in:   • Pranab to take austerity measures for economic growth  • Sensex tanks 298 pts, metal, auto stocks fall  • Rupee hits record low of 54.42 against dollar  • Pilots grievances will be heard: Ajit Singh  • Second Ghana SME Expo launched  
Last updated: 17 May, 2010  
 India Economy News


Sensex tanks 298 pts, metal, auto stocks fall
SME Times News Bureau | 16 May, 2012
A benchmark index of Indian equities fell 298 points Wednesday as concern over eurozone and a depreciating rupee weighed on sentiments. Metals, auto and consumer durable stocks came under intense selling on heavy funds outflow.
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Ethiopia seeks more Indian investments in pharma, agro, textiles
SME Times News Bureau | 16 May, 2012
Ethiopia has liberalised norms and is keen to attract more Indian investments in the sectors like pharmaceuticals, agriculture, textiles and food processing, Ethiopian ambassador to India Gennet Zewide said Tuesday.
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Antrix-Devas deal: CAG slams Department of Space
SME Times News Bureau | 16 May, 2012
The government auditor has slammed the Department of Space for sealing the Antrix-Devas deal saying it was "a classic case of public investment for private profit".
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Railways should rationalise tariffs: CAG
SME Times News Bureau | 16 May, 2012
Noting that the Indian Railways are in the red financially and have not been able to meet the cost of operating passenger and other services, the Comptroller and Auditor General Tuesday said the national transporter should rationalise both passenger and freight tariffs and explore alternate sources of financing.
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Rajya Sabha disrupted over problems of weavers
SME Times News Bureau | 16 May, 2012
The Rajya Sabha had to be adjourned twice Wednesday as agitated opposition MPs took up the problems faced by weavers in various parts of the country.
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India mulling free trade pacts with African countries
SME Times News Bureau | 16 May, 2012
India is exploring possibilities of entering into free trade pacts with regional groupings of African countries such as the 19-nation Common Market for Eastern and Southern Africa (COMESA), Minister of State for Commerce and Industry Jyotiraditya Scindia said Tuesday.
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2G Scam: Raja gets bail after 15 months in jail
SME Times News Bureau | 15 May, 2012
Former communications minister A. Raja, who has been in jail since February last year, was Tuesday granted bail in the 2G spectrum allocation case.
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Sensex closes 112 points higher
SME Times News Bureau | 15 May, 2012
The Bombay Stock Exchange (BSE) Tuesday closed 112.41 points higher led by capital goods, metal and IT stocks after higher trends in European markets.
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Govt says no wrongdoing in clearing Aircel-Maxis deal
SME Times News Bureau | 15 May, 2012
Dismissing opposition charges that led to an uproar in Parliament yet again, the government Monday denied any wrongdoing in granting clearance to the Rs.4,000 crore Aircel-Maxis deal in 2006, particularly the involvement of then Finance Minister P. Chidambaram in the decision.
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Rs.14,000 crore annual plan for Punjab approved
SME Times News Bureau | 15 May, 2012
The Planning Commission Monday approved a Rs.14,000 crore annual plan (2012-13) for Punjab, marking an increase of 22 percent over the last year (2011-12).
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   Top Stories
» Pranab to take austerity measures for economic growth
» Rupee hits record low of 54.42 against dollar
» Vast scope for India-Africa SME cooperation: Scindia
» SMEs to meet today on 12th Plan manufacturing roadmap
» India ranked 46th in trade logistics performance
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
53.10
52.25
UK Pound
86.00
84.15
Euro
70.35
68.70
Japanese Yen 65.50 63.85
As on 16 May, 2012
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