India’s GDP (Gross domestic product) for the Q2 FY10 grew at 8.8% compared with 7.9% in the Q2 FY09 ending June. GDP numbers show the pace at which the domestic economy is growing. If we split the GDP in different sectors, it is as follows.... 1. ...

The government today said that it will introduce a draft legislation on the Direct Taxes Code (DTC), which would replace half-a-century old Income Tax Act, in Parliament in the forthcoming monsoon session. The first draft tax code was released in August 2009 and received more than 1,600 comments. “If Parliament procedure ...

Mukesh Ambani of Reliance Industries has approved plans to enter in the Indian Telecommunications sector, when they get the right opportunity. They are believed to go for the lucrative bandwidth market. They will sell the telecom services as well as internal services to corporate rather than selling it to the ...

The government has told all listed companies to have a minimum 25% public shareholding. Companies with less than the stipulated holding, will have to step up at least 5% a year. To implement the above guidelines, four public sector banks, including Central Bank of India, Bank of Maharashtra (BoM), United ...

will be now Tea producer Duncans Industries Ltd is set to sell its closed fertilizer plant near Kanpur to real estate and infrastructure developer Jaypee Group, which is looking to expand in agriculture, according to two persons familiar with the deal. If the deal goes through, ...

Godrej Consumer Products Ltd is a manufacturer of toilet soaps and other toiletries. It's products include soaps, toiletries, fabric care, baby care, deodorant, fairness cream, liquid detergent, hair colour, shaving cream and gel. The company is planning to raise upto $150 Mn by diluting 6% stake via QIP. This funds ...

Gold demand in both India and China is very strong. Gold prices zoomed to an all-time high of Rs 19,050 per ten grams in the national capital today on skyrocketing global rates amid the ongoing marriage season in India. In international markets, gold prices surged for the seventh straight day as ...

India's economy is rolling along nicely. Fiscal year 2009-10 notched an impressive GDP growth rate of 7.4 per cent, outstripping earlier forecasts and riding on a robust 8.6 per cent fourth quarter expansion. Gross domestic product (GDP) was Rs 44,64,081 crore (at 2004-05 prices), bettering the earlier government estimate of ...

The highest monthly additions of GSM subscriber were in the month of March 2010. It was 13.9 million. The GSM subscriber addition in April 2010 at 11.2 million was lower than month of March addition. The monthly additions for April stood close to seven months average of 11.3 million ...

Stocks selloff sharply on thursday afternoon, extending the recent downturn as investors continued to worry that Europe's debt problems will slow a bigger global economic recovery. The Dow Jones industrial average (INDU) lost as much as 961 points in volatile trading. At 2:50 p.m it was down 961 points, or 8.84% ...