Business

The core inflation for the month of June too spiked to 3.9 per cent versus 3.8 per cent month-on-month that killed the initial euphoria.

The output, as measured by the Index of Industrial Production (IIP), had contracted by 2.5 per cent in the same month of last year.

The benchmark BSE index provisionally ended 0.63 per cent lower at 25,284.47 points

The direct tax proposals involve a sacrifice of Rs 22,200 crore while indirect tax proposal will yield a revenue of Rs 7,725 crore.

"We left office in 2004 with 8 per cent GDP growth and are now inheriting 4.5 per cent and 4.7 per cent growth, in the last two years," Piyush Goyal.

Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives.

Gowda said these services would meet the demand surges which manifest themselves on special occasions.

Software exporters lead gains ahead of Infosys Ltd's April-June earnings results on Friday.

ED, which earlier registered a case under foreign exchange laws in this deal, decided to slap a criminal case to track the "illegal money" of the bribe, alleged to be over Rs 360 crore, dealt between the middlemen and other people named by CBI in its FIR...

Any foreign investment worth more than 100 percent of a company's value required the central bank's approval.

Classifying gold loan as a priority sector lending would be a step in the right direction, says the group.

The deficit during the same period last year was 33.3 per cent of Budget Estimates.

It hovered in a range of 60.06 and 60.15 per dollar during the day.

At the Interbank Foreign Exchange (Forex) market, the local currency resumed lower at 60.23 a dollar from previous close of 60.13.

The deal involves purchase of a 24 per cent stake in Naresh Goyal-led Jet for about Rs 2,060 crore by Etihad and other tie-ups.

The airline would start daily operations from Bangalore to Kochi and vice versa from July 20, an airline spokesperson said.