The BSE Sensex fell for fourth straight session and closed over 64 points down today hurt by losses in ICICI Bank, Infosys Ltd and Reliance Industries (RIL) share prices as investors continued to adopt a cautious stance ahead of quarterly earnings.
NEW DELHI: Officials are in discussions to cut a record high import duty on gold and relax rules on exports, government sources said, after the measures helped narrow the country's trade deficit and now threaten to encourage smuggling.
MUMBAI: The Mumbai Police today filed a 9,800- page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.
In line with the equity market, the Indian rupee too trimmed initial losses but was still quoted 22 paise lower at 62.38 per dollar on demand for the US currency from banks and importers.
The Group of Ministers assigned the task of charting the course of profitability for MTNL and BSNL are scheduled to meet on January 8 to fine tune the strategy for reviving the loss-making PSU firms.
The revised FY'2011-12 gross domestic product (GDP) growth is likely to fall to 6 % on account of a slump in manufacturing led by weak demand and difficulty in accessing funds, according to a report.
Big business is aghast at a court ruling earlier today which allows the Comptroller & Auditor General (CAG) to audit books of accounts of private telecom companies.
India will showcase 56 new oil and gas blocks to international investors and world leaders at the international oil and conference, Petrotech 2014, to be held here from January 12.
Citibank scam:
Enforcement Directorate has issued fresh orders for attaching assets worth about Rs five crore in connection with its money laundering probe in the Citibank Gurgaon scam.
Research firm Gartner today cut its forecast for global spending on information technology (IT) in 2014 to 3.1% at $3.8 trillion, as against 3.6% growth estimated earlier, mainly on account of lower growth seen in telecommunications segment.
The revenue department is likely to miss its tax target for the current financial year as direct tax collections, net of refunds, in April-December this year increased only by 12.53% to Rs 4.15 lakh crore, compared with Rs 3.69 lakh crore in the nine-month period.
NEW DELHI: Officials are in discussions to cut a record high import duty on gold and relax rules on exports, government sources said, after the measures helped narrow the country's trade deficit and now threaten to encourage smuggling.
MUMBAI: The Mumbai Police today filed a 9,800- page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.
In line with the equity market, the Indian rupee too trimmed initial losses but was still quoted 22 paise lower at 62.38 per dollar on demand for the US currency from banks and importers.
The Group of Ministers assigned the task of charting the course of profitability for MTNL and BSNL are scheduled to meet on January 8 to fine tune the strategy for reviving the loss-making PSU firms.
The revised FY'2011-12 gross domestic product (GDP) growth is likely to fall to 6 % on account of a slump in manufacturing led by weak demand and difficulty in accessing funds, according to a report.
Big business is aghast at a court ruling earlier today which allows the Comptroller & Auditor General (CAG) to audit books of accounts of private telecom companies.
India will showcase 56 new oil and gas blocks to international investors and world leaders at the international oil and conference, Petrotech 2014, to be held here from January 12.
Citibank scam:
Enforcement Directorate has issued fresh orders for attaching assets worth about Rs five crore in connection with its money laundering probe in the Citibank Gurgaon scam.
Research firm Gartner today cut its forecast for global spending on information technology (IT) in 2014 to 3.1% at $3.8 trillion, as against 3.6% growth estimated earlier, mainly on account of lower growth seen in telecommunications segment.
The revenue department is likely to miss its tax target for the current financial year as direct tax collections, net of refunds, in April-December this year increased only by 12.53% to Rs 4.15 lakh crore, compared with Rs 3.69 lakh crore in the nine-month period.
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