Taking a realistic view of the grim forecast of global
trade that is likely to decline by 9 per cent in 2009, the
policy aims at achieving an annual export growth rate of 15

Consumer durables shares, however, cheered the new trade
policy and rallied. Export-oriented Gitanjali Gems gained
4.65 per cent, while Rajesh Exports was up 8.58 per cent.

Mumbai, Aug 27 (PTI) The new Foreign Trade Policy (FTP)
failed to cheer investors as the markets closed flat on
Thursday after witnessing highly volatile trade.

The core sector data released by the government on
Wednesday, revealed that growth rate of six infrastructure
industries eased to 1.8 per cent in July with the petroleum

New Delhi, Aug 27 (PTI) Silver prices fell by Rs 300 per
kg in the bullion market here on Thursday on emergence of
selling by stockists following weak global cues, while gold

New Delhi, Aug 27 (PTI) Seeking to straighten out his
recent remarks on China, Navy Chief Admiral Sureesh Mehta
on Thursday said he had "never" stated that Beijing was more

New Delhi, Aug 27 (PTI) A high-powered Group of Ministers
on Thursday fixed Rs 3,500 crore as reserve price for
pan-India 3G spectrum and decided to allow only five operators

New Delhi, Aug 27 (PTI) Expelled Bharatiya Janata
Party (BJP) leader Jaswant Singh has invoked epic Mahabharata
to defend his "covering up" for L K Advani during the election

Dubai, Aug 27 (PTI) The International Cricket Council and
the Pakistan Cricket Board on Thursday amicably resolved the
dispute over staging of the 2011 World Cup matches in the

New Delhi, Aug 27 (PTI) India's farm production in the
Kharif season could fall by 15-20 per cent due to poor monsoon