Business

    Malaysia, India once lifted trade ban for a dance

    Kuala Lumpur, Aug 9 (IANS) Memories of the time when the Malaysian and Indian governments lifted a ban on trade of peacock feathers, just for 24 hours, to facilitate a dance performance still brings a smile to the face of legendary dancer Vatsala.


    Equity markets flat in early trade

    Mumbai, Aug 8 (IANS) Indian equity markets, which opened lower Friday following weak markets abroad, were flat in early trade.

Fake currency racket: panic grips SBI account holders

Aug 7th, 2008 | By Sindh Today | Category: Business, India

Domariyaganj (Uttar Pradesh), Aug 7 (IANS) Panic gripped the account holders of the Domariyaganj branch of the State Bank of India (SBI) in eastern Uttar Pradesh’s Siddharthnagar district Thursday after a cashier admitted to the police that he had exchanged fake notes of denominational value of Rs.15 million with original ones.



India’s annual inflation rate breaches 12-percent mark (Lead)

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s annual rate of inflation overshot the 12-percent mark at 12.01 percent for the week ended July 26 amid a promise by Prime Minister Manmohan Singh that bringing down prices will be his government’s top priority.



Dena Bank hikes interest, deposit rates

Aug 7th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 7 (IANS) Dena Bank Thursday announced hikes in its deposit and lending rates, joining a slew of other banks that have revised rates recently following the central bank hiked cash reserve ratio and repo rate.



Bank of India hikes interest rates

Aug 7th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 7 (IANS) The state-owned Bank of India Thursday raised its lending rates by 75 basis points from the existing 13.25 percent to 14 percent.



Inflation crosses 12 percent, finance ministry says it’s stable

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s annual rate of inflation crossed the 12 percent mark to 12.01 percent for the week ended July 26 as compared to 11.98 percent the week before, data released Thursday showed.



ONGC places Rs.16-bn order for eight onshore rigs

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s state-owned Oil and Natural Gas Corp (ONGC) has given an order worth Rs.16.1 billion for eight deep drilling onshore rigs to Shiv-Vani Oil and Gas exploration services, it was announced Thursday.



Jet to start daily flights to Dubai from Aug 23

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s largest private airline, Jet Airways, will start daily flights to Dubai from Mumbai and Delhi from Aug 23, it said Thursday.



Equity markets end with marginal gain ahead of weekly inflation data (Roundup)

Aug 7th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 7 (IANS) Indian equity markets ended on a cautious note Thursday with a marginal gain, ahead of the weekly inflation data.