A benchmark index for Indian equities markets slumped nearly one and a half percent Tuesday on worries over the fallout of the devastating earthquake in Japan that has led to three explosions at nuclear reactors and a possible rate hike by the Indian central bank to curb inflationary pressures. The 30-share sensitive index (Sensex) of [...] Continue reading Sensex plunges over Japan disaster, rate hike worries
Tag Archive: hike
The 24 percent hike in the outlay for education announced in the union budget will not help the sector because what is needed is a change in mindset, Human Resource Development Minister Kapil Sibal said Thursday. “A 24 percent budget hike will not help the education sector. It is not just money allocation that we [...] Continue reading Budget hike won’t help education sector: Sibal
It was a bad week for Indian equities markets with investors choosing to offload stocks as another round of monetary tightening by the country’s central bank loomed and oil prices rose as tensions in the Middle East and Libya continued. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the week at [...] Continue reading Sensex slips under rate hike fears, Middle East tensions
People in the national capital will have to shell out more for auto and taxi fares, with the Delhi government Monday clearing the proposal in this regard. The revised fares will be announced in a day or two. Delhi Chief Minister Sheila Dikshit announced the fare hike after the cabinet meeting here. “The revised prices [...] Continue reading Delhi clears hike in auto, taxi fares