Business

How to invest for public good and returns

A leading US think tank has launched a new report to encourage impact investing or enabling private investment for public good and financial returns with 30 case studies from around the world, including India.

BRICS bank welcome alternative to fund infrastructure: Suresh Prabhu

The recently created BRICS bank is a welcome development in having multiple funding options for the much-needed investment for the infrastructure sector

IMF

Pakistan hopes to get $1.1 bn from IMF

Pakistan will more likely receive a loan instalment 1.1 billion dollars from the International Monetary Fund (IMF) next month as the latter is satisfied with its economic performance

APEC anti-graft network begins operations

An anti-graft law enforcement network that promotes cooperation in crackdown on corruption, bribery, money laundering and illegal trade among the Asia-Pacific Economic Cooperation (APEC) economies has started operations

Foreign investors land on positive domestic and global cues

Mumbai, Nov 8 Foreign Portfolio Investors (FPIs) became net buyers in the Indian equities market for the week ended Nov 7...

 Mining rights still elusive for Posco

Bhubaneswar, Nov 8 Posco has been given the green signal by the state government to mine at Jagatsinghpur in Odisha...

FICCI to take 10-member CEO delegation to Germany

New Delhi, Nov 8 The Federation of Indian Chambers of Commerce and Industry (FICCI)...

Jaitley to open India Global Forum

New Delhi, Nov 8 Finance Minister Arun Jaitley will open the two-day India Global Forum meeting beginning here Sunday with his keynote address.

Middle East business honcho promises 5,000 nurses jobs

Thiruvananthapuram, Nov 8 As many as 5,000 nurses in Kerala can look for a well-paying job in the Middle East in the next one year...

Pakistan, China ink 19 agreements

Beijing, Nov 8 Pakistan and China Saturday signed 19 agreements and Memorandums of Understanding...

Gold drops to Rs.25,800 per 10 grams

Riding on the back of an improving global economy, gold prices dropped to Rs.25,800 per 10 grams in the national capital Friday.

Sensex closes in red; metal stocks down

A benchmark index of Indian equities markets Friday closed in the red - falling 47 points or 0.17 percent, as metal, capital goods and automobile scrip came under heavy selling pressure.

India Ratings marginally cuts India’s growth forecast

Financial ratings firm India Ratings & Research Friday downgraded its gross domestic product (GDP) growth forecast to 5.6 percent from 5.7 percent due to expected low rise in industrial activity.

SpiceJet suspends Surat operations, after run-inn with a stray animal

Budget passenger carrier SpiceJet Friday said that it has suspended its services to Surat indefinitely, after one of its aircraft had a run-in with a stray animal at the city’s airport last night.

Oil

OPEC daily basket price closes lower

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $78.67 a barrel Tuesday compared to $80.64 last Monday, the OPEC Secretariat said

Need to maximise broadband, says Google India chief

The Indian government should look at maximising broadband connectivity in the country to become a more competitive nation in the digital space.

Public sector vital to Make in India campaign: Pranab

President Pranab Mukherjee Wednesday said the country’s public sector enterprises were vital to the ’Make In India’ campaign and expressed confidence that they would continue to take the lead in the ’Swachh Bharat’ campaign.

Over Rs.1 lakh crore maiden budget for Telangana

Telangana’s maiden budget was Wednesday presented in the state assembly, proposing an expenditure of Rs.1,00,637 crore during 2014-15.

Syrian refugees need funds to endure winter

The United Nations Higher Commission for Refugees (UNHCR) has said that lack of funds would make it difficult for the nearly half a million Syrian refugees in Lebanon to endure the winter.

Sensex hits record high, breaches 28,000-mark

A benchmark index of Indian equities markets Monday touched a record high of 28,006 points in the early morning trade session Wednesday, surpassing the previous high of 27,969.82 points hit in the intra-trade Monday.

More petrol diesel cuts likely as crude dips to $80 a barrel

Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month

IndiGo to sponsor education of 100 children

Budget passenger carrier IndiGo Tuesday said that as part of its celebrations over the delivery of its 100th A-320 aircraft, it will sponsor the education of 100 underprivileged children.

Punjab’s senior engineers found absent during surprise check

Several senior engineers and scores of other staff members of Punjab’s irrigation department were found absent from their offices during a surprise check Tuesday.

Hero MotoCorp to enter European markets by 2015-end

Two-wheeler major Hero MotoCorp Tuesday said that its plans to enter the European markets by the end of 2015.

Banking, financial security firms to spend Rs.46,900 crore on IT in 2014

Indian banking and securities companies will spend Rs.46,900 crore on IT products and services in 2014, an increase of more than 10 percent over 2013, Gartner said Tuesday.

Pak-Afghan border sealed for two days

Pakistan sealed its border with Afghanistan, barring all forms of crossings for two days as part of its enhanced security measures taken for the religious festival Muharram, a media report said Tuesday.

Britain increases cold weather payments for vulnerable Scots

Britain will provide extra financial support to help low-income and vulnerable Scots pay their heating bills in the cold weather, Britain’s Scotland Office announced Monday.

Oil

OPEC daily basket price closes lower

The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.97 a barrel Friday compared to $82.79 Thursday, the OPEC Secretariat said

Lupin gets USFDA nod for anti-arthritis medicine

Pharmaceutical major Lupin Monday said that it has received final approvals for its anti-arthritis medicine Celecoxib Capsules by the US Food and Drugs Administration (FDA).

Bengal’s PPP tenement project to be complete by 2016

The Bonhooghly Tenement Project, a PPP initiative of the West Bengal government’s refugee relief and rehabilitation department, is expected to be completed by October 2016, the developers said Monday.

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