Business

The government had decontrolled petrol price in June 2010 but rates were last increased on November 4, 2011.

The wild gyrations of the humble potato in India tell the tale of an economy trapped in inflation by its own rigidities.

Subir Gokarn said the rupee is coming under pressure due to high demand from oil companies.

Raising inflation makes life harder for the RBI as it looks to kickstart a flagging economy.

However, the global markets stayed under pressure due to eurozone concerns and weak US data.

Gold and the euro recovered from Wednesday's lows as a recovery in shares helped improve sentiment slightly.

The rupee was at 54.30/32 to the dollar in early trade versus its Wednesday close of 54.51.

Domestic and foreign insurers have been lobbying the government for years to raise the FDI limit to 49 per cent from 26 per cent.

The US has approached WTO after its talks with India failed to resolve the dispute between the two countries.

The pilots called off their strike after Vijay Mallya assured them that their overdue salaries would be disbursed starting Friday.

Bids will be invited for appointment of auctioneers and a Request for Proposal (RFP) will be issued within next few days.

Western Union services are offered through Dena Bank via Weizmann Forex, the company's principal agent.

The controversy pertains to Finance Minister Pranab Mukherjee's Budget proposal to amend Income Tax Act.

Microsoft invested $240 million in Facebook in 2007 and the two companies have forged various business collaborations over the years.

The bank, however, has ruled out cut in benchmark lending rate saying the bank is offering one of the lowest rates in the industry.

China is the third most economically confident country, where 71 per cent are optimistic about their economy.