Business

The Union Budget for 2009-10 will reflect UPA Government's ambitious agenda like Rs three kg rice or wheat for BPL families,enlarging NREGA coverage and more focus on infrastructure to bring the economy on high growth.

The Govt's direct tax collection in May this fiscal recorded a 16.88 per cent jump at Rs 11,919 cr.

ICICI is looking at expanding fund-generation profile to capitalise on forthcoming opportunities.

Capital flows to India will almost double to $33.9 bn from an estimated $17.3 billion in 2008-09.

Indian aviation is 2% of world's capacity and they are showing 35% of world's aviation losses.

Currently,WiMAX Forum tracks more than 475 WiMAX network deployments in 140 countries.

The annual inflation rate is forecast to have eased marginally in the third week of May.

Oil prices were down on Tuesday,easing from seven-month highs as traders took profits.

India gold futures extended gains for a second day on Wednesday tracking overseas markets,where a weak dollar supported the yellow metal.

Embarking upon this high-tech business model in 2007,Union Bank proposes to step up its syndicated loans to Rs 25,000 cr this year.

Citigroup will not pay its five former top executives millions of dollars in promised severance payouts,says a media report.

Tata Steel and HDFC were the principal gainers as the BSE Sensex ended in positive territory.

Auto major' GM bankruptcy could impact Indian service providers in a ‘small’ but ‘significant’ way.

State-run MTNL today brought 3G services to the masses by introducing a prepaid option for this high-end service at just Rs 300.

Montek Singh Ahluwalia is likely to remain Deputy Chairman of the Planning Commission,which will be constituted shortly.

Bankrupt General Motors has to pay USD 9.55 million (about Rs 45 crore) in trade debt to ArcelorMittal.

The realty major didn't want to build the SEZs in face of slowdown in real estate.

The software industry will meet Finance Minister Pranab Mukherjee to put forward their demands for the sector.

Oil India Ltd is likely to launch an IPO by Sep,company Chairman N M Borah said.

Six core industries grew by 4.3% in April 2009 over 2.3% in the same month last year.

The rupee retreated from over-five-month peaks as the dollar cut some of its previous losses.

The Asia-Pacific region offers a stark contrast to the bankrupt GM's woes at home.

The White House has a strategy to exit once GM becomes 'viable' and 'profitable'.

India's manufacturing activity expanded to its highest level in eight months.

Rupee ran into suspected intervention on Monday after it had strengthened past 47 per dollar.