The cabinet directed the tourism department to provide for the ever-increasing number of Amarnath pilgrims in its annual budget. Efforts should be made to properly maintain and upgrade facilities for pilgrims. The cabinet also said land would be made available
Similarly, the country's GDP for 2007-08, pegged at Rs 43,02,654 crore, translated into just over $1 trillion at Monday's exchange rate. With the dollar on Tuesday breaching the Rs 43 mark, the economy is down to $995b. High oil prices
The coffee seller, bracing for its first full-year profit decline since 2000, has been grappling with the slowing US economy and consumer spending at the same time that major competitors like McDonald's Corp have begun attacking its core business. Starbucks
US crude settled up 97 cents at $140.97 a barrel, after hitting an intraday record high of $143.67 a barrel on Monday. London Brent crude gained 84 cents to settle at $140.67 a barrel. The International Energy Agency on Tuesday
If food prices rise further and oil prices just stay the same, then some governments will be unable to feed people and at the same time maintain stability in their economy," Dominique Strauss-Kahn, managing director of the International Monetary Fund,
Gasoline may cost $4 a gallon, but the Chevy's driver and business owner Leesa Baldwin has no intention of downsizing to a smaller vehicle. "I love my Suburban. I don't like paying for the gas, but it simplifies my life,"
Reliance Industries led the gains. By 9:58 a.m., the 30-share BSE index was up 1.16 percent, or 150.69 points, at 13,112.37, after having opened down 0.1 percent. All but one of its components were rising. The 50-issue NSE index rose
Gold has bounced more than 7 percent since falling to a one-week low at $873.50 an ounce last week, mainly driven by rising oil prices, but it remained below a record high of $1,030.80 hit in March. Gold rose to
The strike is likely to disrupt goods supplies across the country at just the wrong time for India's embattled coalition government. It is struggling to turn around inflation at its highest in 13 years, while its leftist allies are threatening
The double-digit inflation resulting in high interest rates is likely to hit the performance of the banks during the first quarter. The bankers have hinted that their first quarter, which closed on Monday, results might have some impact.
After its initial lag, south-west monsoon has climbed a crest in Kerala, with a sustained wet spell in the last 24 hours. The State government had to resort to a 30-minute load-shedding plan during peak hours following the grim power
The unabated rise in crude oil prices, which jacked up the inflation rate, has taken a toll on the bourses in the last few sessions. Moreover, the political uncertaintly over the Indo-US nuclear deal has added fuel to the fire.
Anil Ambani group company Reliance Communications Infrastructure Ltd has moved the Supreme Court seeking to recover more than Rs 58 crore (Rs 580 million) of outstanding loan from a Mukesh Ambani group firm.
Investing in property, especially a home for living, is the best bet in the prevailing environment of ballooning inflation, a top real estate industry official said.
The demand for gold demand is expected to pick up after August with its price expected to touch the Rs 13,500 per 10 grams mark, a top industry official said.
Beirut / Riyadh - King Abdullah of Saudi Arabia, whose nation is the world's number one oil exporter, called on consumer countries to get used to high prices in comments published in Kuwaiti daily Al-Siyassah on Tuesday.
King Abdullah of Saudi Arabia, whose nation is the world's number-one oil exporter, called on consumer countries to get used to high prices in comments published on Tuesday."Consumer countries have to adapt to the prices and the mechanisms of the
The Organization of Petroleum Exporting Countries (OPEC) will not be able to replace some 4 million barrels per day (bpd) in lost Iranian output if Tehran carries out its threat to stop exports if attacked, OPEC chief Chakib Khelil said
