Mumbai, May 16 A benchmark index of Indian equities fell 298 points Wednesday as concern over eurozone and a depreciating rupee weighed on sentiments. Metals, auto and consumer durable stocks came under intense selling on heavy funds outflow.
Colombo, May 16 Sri Lanka's tea exporters are lobbying for liberalized imports to expand the industry and make it into a tea hub by blending high quality tea from China, India and Kenya, an official said here Wednesday.
New Delhi, May 16 Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth story was intact and the government was taking measures to revive growth and attract overseas investments.
New Delhi/Mumbai, May 16 Air India Wednesday implemented its contingency plan to salvage its international operations by clubbing flights to destinations in Europe and the US as the pilots' strike continued for the ninth day, leading to cancellation of only one flight.
New Delhi, May 16 The Delhi High Court reserved till Thursday its verdict on a plea by Indian Pilots Guild (IPG), an association of Air India pilots, challenging the single-judge order that restrained the pilots of the national carrier from going on an "illegal strike".
Washington, May 16 By pursuing reforms and going in for public-private partnerships in infrastructure, India has improved its position in the world ranking of countries in trade logistics despite a global slowdown in the sector in the last two years, says the World Bank.
Chandigarh, May 16 Reeling under a cumulative debt burden of over Rs.35,000 crore, farmers of Punjab could soon benefit from a pension scheme.
New Delhi, May 16 A week-long panorama of Kuwaiti culture which opened in the capital May 15 has for the first time brought arts, crafts and performing traditions of the ancient port-nation to India to strengthen people-to-people cultural ties between the two countries.
Mumbai, May 16 The Indian rupee slumped to a record low of 54.42 against the US dollar Wednesday due to rising concern over fiscal deficit and poor economic outlook coupled with weak global cues.
Washington, May 16 Sri Lanka will achieve lasting peace only through "home grown solutions", not those prescribed by the international community, Foreign Minister G.L. Peiris has said.
