MillenniumPost

Rupee hits all-time low at 56.57

22 Jun 2012 2:19 AM GMT
On Thursday, the rupee hit all-time low of 56.57 on sustained dollar demand from oil importers amid a sharp fall in crude prices, before the Reserve...

Economy, environment objectives for Rio+20

21 Jun 2012 1:14 AM GMT
World leaders, including Prime Minister Manmohan Singh, gathered on Wednesday to make a fresh bid to chart out a common environmental blueprint amid...

Bailout fund would calm, not heal: EU

21 Jun 2012 12:31 AM GMT
The European Commission [EU] on Wednesday dubbed an idea to use eurozone rescue funding to lower high borrowing costs for Spain and Italy via a bond...

India may not have to give eurozone $10bn

21 Jun 2012 12:29 AM GMT
India may not be called upon to inject $10 billion [Rs 55,000 crore] into the IMF bailout fund to help the debt-wracked eurozone tide over its...

Corporates get tongue lashing from Ravi

20 Jun 2012 1:53 AM GMT
Taking on the corporate honchos for their 'unjustified' criticism of the United Progressive Alliance (UPA) for policy paralysis, union minister...

India helps build eurozone firewall

20 Jun 2012 1:48 AM GMT
India has announced a USD 10 billion contribution to the International Monetary Fund’s additional USD 430 billion financial firewall to help the...

Spain bailout fears mount in euro storm

20 Jun 2012 12:37 AM GMT
Fears of a full-scale bailout for Spain mounted on Tuesday as its borrowing costs spiked to danger levels on concern over the nation’s stricken banks...

Govt to take tough decisions: Manmohan

20 Jun 2012 12:35 AM GMT
Prime Minister Manmohan Singh on Tuesday said his government is determined to take ‘tough’ decisions, including on controlling subsidies, to reverse...

Deepening macroeconomic concerns

19 Jun 2012 3:17 AM GMT
Contrary to expectations among sections of business for a rate cut to kick-start growth, the Reserve Bank of India (RBI) on 18 June left the key...

RBI expected to cut key rates

18 Jun 2012 1:53 AM GMT
In a bid to spur growth and boost consumer sentiment, the Reserve Bank of India is expected to cut key lending rates by 25-50 basis points in its...

Europe's make or break moment: Greek ex-PM

18 Jun 2012 1:07 AM GMT
Greece’s former prime minister George Papandreou said on Sunday that Europe faced a make or break moment, adding that the euro currency's problems...

India ups US debt exposure

18 Jun 2012 1:06 AM GMT
India has been increasing its exposure to American debt since the start of this year and owned US government securities worth $51.2 billion till...
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