The government on Monday hiked the import duty on gold and platinum to 6 per cent from 4 per cent with immediate effect - a move aimed at curbing imports of the precious metals to check the widening current account deficit.
Riding on good sales of new models like Ertiga and Swift DZire, and benefiting from low base effect, the country's largest car maker Maruti Suzuki India on Friday reported an over two-fold jump in net profit at Rs 501.29 crore for the third quarter ended December, 2012.
Developing countries overtook their traditionally wealthier counterparts in attracting foreign direct investment for the first time last year, as industrialised nations bore the brunt of an 18 per cent plunge in FDI flows, the UN's trade and investment think tank UNCTAD said.
Expressing India's commitment to fiscal prudence, Finance Minister P Chidambaram on Tuesday said the government will contain deficit at 5.3 per cent of GDP in the current year, and bring it down to 4.8 per cent in 2013-14.
The National Innovation Council (NInC) has decided to include the Startup Village, country's first telecom incubator, as its officially backed showcase project -- a move that would prompt other state governments to replicate this model.
India and Australia on Monday moved towards further cementing their strategic partnership as they agreed to begin negotiations here in March on a nuclear pact besides broadening trade and economic relations.
Japanese consumer electronics giant Sony has said its Indian operations have emerged as its fourth largest globally, overtaking businesses in Brazil and Russia by the end of December quarter this fiscal.