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Home -> Finance -> News

NATIONAL
Foreign trade policy to make exports competitive: Nath
The new foreign trade policy to be unveiled this month end will revise schemes to make India's exports competitive to achieve higher growth of over 16 per cent annually.

BSE: Sensex tumbles by 56 pts over oil worries
Share prices turned sharply weak and the Sensex tumbled by 55.79 points to close at 5196.99 on the stock exchange in Mumbai today (Aug 6, 2004) following profit-booking at higher levels on another surge in global crude oil prices.

Inflation soars to 7.51 pc, highest in two years
Inflation shot up to 7.51 per cent, the highest in the last two years, due to soaring prices of vegetables and manufactured products.

SEBI probing alleged insider trading in GTB stock
Securities and Exchange Board of India (SEBI) is probing into the alleged insider trading of Global Trust Bank (GTB) shares prior to announcement of moratorium and decision to merge the troubled bank with Oriental Bank of Commerce.

INTERNATIONAL
US public utility TVA to end outsourcing to India
Tennessee Valley Authority (TVA), the largest public utility in the US providing electricity is ending a contract with a company that employed workers in India, following heavy criticism of the deal, media reports said today (Aug 5, 2004).