FDI inflow up 40%
New Delhi, Oct. 13: Foreign direct investment (FDI) in the country rose 40.51 per cent in August, adding cheers to the Diwali mood. The country received FDI of $3.26 billion in August against $2.32 billion a year ago, although concrete signs of recovery are yet be seen in the global economy. However, the inflows in August were less than the July level of $3.47 billion, according to Reserve Bank of India data.
New York, Oct. 13: Crude oil rose to near $74 a barrel today after the Organisation of the Petroleum Exporting Countries (Opec) raised its 2010 demand forecast and the dollar weakened. Opec said a recovering world economy would boost crude demand by 700,000 barrels per day (bpd) next year to 84.93 million bpd.
Calcutta, Oct. 13: Shipping lines calling at the Calcutta Dock System have decided to impose a congestion surcharge of $220-250 per container from October 15. The new charge will be applicable only for inbound cargo.
Mumbai, Oct. 13: The Bombay Stock Exchange, the National Stock Exchange, forex, money, oilseeds, MCX futures and bullion markets remained closed today on account of general assembly elections in Maharashtra.