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Fiscal deficit rises 11.2% in H1

The fiscal deficit at Rs 52,395 crore has gone up by 11.2% in the first six months of the current fiscal from the corresponding period last year. The deficit figure amounted to 65.5% of the total budgeted figure of Rs 79,955 crore fixed for 1999-2000.

Exports vault 12 per cent in September

India's exports recorded an impressive 12.01% growth in September, the highest in the current fiscal so far.

Sensex sheds 173 pts on Day 5; search for new bottom begins

The search for a new bottom has begun all over again after the BSE Sensex dived by 173 points on Monday, its fifth consecutive fall. Many brokers were of the view that the bottom of the pit is yet to be tested in a market that has seen a fall of 11.34% in the last six sessions.

British Gas, Enron may pick stake in Gail via GDR route

British Gas and Enron are likely to acquire stakes in Gas Authority of India Ltd (Gail) through the global depository receipt (GDR) route. Both the multinationals have made bids for the GDR through a leading foreign institutional investor (FII), merchant banking sources said.

Krishna refreshes sops in a bid to sour Naidu's infotech dream

In a bid to maintain Bangalore's supremacy as `the information technology (IT) capital of the country', Karnataka Chief Minister SM Krishna has offered major incentives and sops, including entry- and sales-tax exemption and a rationalisation of labour laws to infotech ventures.