In the first month of the current fiscal year, the government allocated 32.89 billion rupees for railways, 58.3 billion rupees for roads and 175 billion rupees for rural projects.
The rupee ended marginally lower by two paise at 63.82 against the American currency on month-end dollar demand from importers amidst a higher greenback in the overseas market.
The benchmark BSE Sensex on Friday staged a strong comeback to close 321.73 points higher on across-the-board buying in blue-chip stocks by funds and retail investors on rate cut hopes and value-buying.
Vodafone has to sell its entire stake in Bharti Airtel following new norms issued by government that bars a telecom operator from holding any kind of stake in competition under unified licences.
| May 29, 2015, 8:30 am IST
New Delhi is nudging Reserve Bank of India to lower lending rates from 7.5 per cent at a policy meeting on Tuesday.
The rupee snapped its 3-day losing streak against the US dollar by ending 21 paise higher at 63.80 on fresh selling of the greenback by banks and exporters.
The benchmark BSE Sensex on Thursday slipped by 57 points to close at 27,506.71 points due to across the board selling mainly in pharma, banking and oil stocks as the monthly derivatives contracts expired on Thursday.
| May 27, 2015, 9:22 pm IST
Jet Airways operates across 51 destinations in India.
The 30-share BSE Sensex gained 33.25 points at 27564.66 while the Nifty declined 4.75 points to 8334.60 after hitting an intraday low of 8277.95.
The rupee continued to decline for the third consecutive day against the US currency by slipping 3 paise to close above the 64-mark after nearly two weeks on dollar demand from importers coupled with higher greenback overseas.
"I think the inflation front is one of the bright spots of the economy," said Subramanian.
A CNBC-TV18 - Forbes CEO poll, carried out by BMR Advisors, has given a resounding thumbs up to the Narnedra Modi government. An overwhelming 87% of CEOs polled said yes while just 6% disagreed.
In order to address concerns of the manufacturing states, the GST Constitution Amendment Bill has provided for an additional one per cent tax for a period of two years.
The Sensex was down 112.47 points at 27531.41 and the Nifty ended down 30.90 points at 8339.35.
Extending its decline for the second straight session, the rupee slumped to 64-level against the American currency after nearly two weeks before ending at 63.98.
| May 25, 2015, 11:58 pm IST
Reserve Bank Governor Raghuram Rajan on Monday said growth is slow in picking up even as macro economic parameters have improved, while stressing the role of state governments in improving fiscal performance.
| May 25, 2015, 5:06 pm IST
Facebook had partnered telecom major Reliance Communications to offer free access to over 30 websites without data charges to users in India.
Finance Minister Arun Jaitley on Monday asked taxmen to squeeze the parallel economy but gave an assurance that while doing so honest taxpayers may have nothing to fear about the new black money law.
A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of 2015 is expected to have outpaced China.
The 30-share BSE Sensex fell 313.62 points to 27643.88 and the 50-share NSE Nifty closed below the 8400-mark, down 88.70 points to 8370.25.
The dollar remained firm against the yen and the euro in the Asian market today following comments by Federal Reserve Chairwoman Janet Yellen late last week and renewed concerns about Greece's debt problems.
According to Assocham, domestic consumer demand has to be revived with improving the sentiment on employment opportunities to kick-start economic growth.
In this special 'Real Estate TV' show, we bring to you the latest stories from real estate sector from across the country in last one week.