NATIONAL Lalu offers 40 pc rebate for select freight traffic In order to maximise utilization freight train rakes and generate additional funds, Railway Minister Lalu Prasad has announced 40 per cent concession to move goods on trains that would otherwise return empty after deliveries.
FMCG stocks aid market bounce to new closing peak Led by a sharp rally in metal and FMCG sectors, the Bombay Stock Exchange bounced back with a vengeance after a three-day slide and ended 110 points up at a new closing peak of 10,950.30 today (Mar 24, 2006) on hectic buying support in relatively low volume trade.
Striking distance of implementing Tarapore report Finance Minister P Chidambaram today (Mar 24 2006) said the Government is at a "striking distance" of implementing the Tarapore Committee Report on capital account convertibility and criticised "some employees" of RBI for opposing the full float of the rupee.
Shortage of liquidity not a concern: Chidambaram A day after meeting bankers on the issue of shortage of liquidity, Finance Minister P
Chidambaram today (Mar 24, 2006) said availability of lendable money is not a cause of concern.
"Liquidity is not a concern. But liquidity has to be maintained so that interest rates remain attractive to investors", he responded to a question by reporters question on the sidelines of a function here.
India-ASEAN Free Trade Accord hits a roadblock The India-Asean Free Trade Agreement has hit a roadblock with Agriculture Ministry
objecting to inclusion of farm products like pepper, rubber, palm oil, coffee and tea in the tariff liberalization programme.
IOC losses mounting; forfeits Rs 1,700 cr in March Indian Oil Corporation today (Mar 24 2006) said it was losing Rs 2.40 per litre on petrol and Rs 4.40 per litre on diesel, as domestic fuel prices have not moved in tandem with global increases.
Rupee tumbles to new one-month low against US dollar Sustained heavy dollar demand amid abroader strong dollar today (Mar 24, 2006) drove the Rupee to new one-month low of Rs 44.6700/6750 per dollar with the outlook uncertain due to rising crude oil prices.
Sensex rises past 10,900 level during early trade Discounting the Sonia factor, the stock market today (Mar 24, 2006) turned strong lifting the Benchmark sensex past 10,900 level during morning trading on fresh buying support from institutional investors as well as traders at the weekend session.
INTERNATIONAL Oil prices hover near 64 dollars in Asian trading Oil prices edged closer to the 64 dollar mark in Asian trading today (Mar 24, 2006) as market participants looked to cover their positions after weaker US inventories, dealers said.
