President George W Bush admitted on Friday that the United States is going through "tough times" amid fears that the economy has slid into recession, but assured Americans that the underlying strength of the economy would lead to a rebound.
Raw cotton spot prices in the domestic market are likely to come down from the current higher levels on lower consumption, stray export demand from China and steady inflows.
As a result of the favourable weather condition and increased plantation, the country's wheat production might exceed 76 million. "All available data indicate that the wheat production is on target," Union minister for agriculture Sharad Pawar said on Friday.
Members of the Seafood Exporters' Association of India met Prime Minister Manmohan Singh on Thursday to communicate the deepening crisis in the seafood export sector.
India, the world's second-biggest iron ore supplier to China, must restrict overseas sales of the main steelmaking ingredient to ensure supply for domestic mills, steel minister Ram Vilas Paswan said.
Insurance majors are likely to get a breather with the Insurance Regulatory and Development Authority and the government set to extend the deadline for their listing on the bourses.
Get ready for designer tomatoes! Scientists have identified a gene, which they claim can change the shape of the juicy fruit -- for example, it can turn a round tomato into a long and thin one.
Delhi-based realty major Raheja Developers Pvt Ltd has received an in-principle nod from the government to develop the first phase of its upcoming Rs 5,000-crore engineering SEZ at Gurgaon.
To rationalise the entertainment tax levied on the direct-to-home (DTH) companies and the cable operators by the state governments and also to encourage the cable industry to switch to the use of advanced optical fibre cable instead of the copper
Estimating the valuation write-downs of sub-prime asset-backed securities at $285 billion, for the first time, international rating agency Standard & Poor's has said the end of write-downs is now in sight for large financial institutions.
DHL & CNBC-TV18 on Friday presented the second 'International Trade Award 08' at a glittering awards ceremony in Mumbai. Winners of the awards have been chosen after an extensive multi-stage selection process powered by, rating house ICRA.
Porsche SE and the German state of Lower Saxony, shareholders in Volkswagen AG, said on Friday they'll ask VW's annual meeting to resolve a dispute over a rule that gives large investors the right to block major decisions.
Trikona Capital, a UK-based fund that invests in Indian property, may spend as much as $10 billion in the country's real estate market over a decade, co-founder and managing director Aashish Kalra said.
Ireland, one of the leading members of the European Union, is keen on more investment by Indian giants such as Reliance Industries, Infosys, Wipro and Tata Consultancy Services.
Ending a fortnight of speculation and scepticism, finance minister P Chidambaram on Friday said the government would bankroll the Rs 60,000-crore agriculture debt waiver and relief package largely from buoyant in tax revenues. The minister said the entire package would
Bear Stearns Cos. obtained emergency funding from JPMorgan Chase & Co. and the New York Federal Reserve as the securities firm said its cash position had "significantly deteriorated."
If you've wondered why the government has found it so tough to slay inflation, it's because the beast is hydra-headed. Prices are rising not only at very different rates cities across the country, but they are also rising dissimilarly for
