Business

Reserve Bank keeps key interest rates unchanged

Dec 2: In line with expectations, the Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its fifth bi-monthly policy review.

Sensex trades flat; auto stocks plunge

Dec 2: A benchmark index of Indian equities markets was trading 64 points or 0.22 percent down, as the Reserve Bank of India’s (RBI) in its fifth bi-monthly monetary policy review of...

OPEC daily basket price closes nearly two dollars lower

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $68.89 a barrel Friday, compared to $70.80 last Thursday, the OPEC Secretariat said.

RBI likely to keep rates unchanged Tuesday

Dec 1: With inflation cooling, expectations are high on a rate cut by the Reserve Bank of India, but it is a measure of the monetarist reputation of RBI Governor Raghuram Rajan that...

Singapore to plan, Japan to build Andhra capital

Dec 1: Companies from Japan are ready to join hands in building the new capital of Andhra Pradesh, the designing of which will be done by Singapore, Chief Minister N. Chandrababu Naidu...

Northeast is Natural Economic Zone: Modi

Dec 1 : A new resurgent, stronger and more prosperous India and Nagaland needs to be built, Prime Minister Narendra Modi said Monday, adding that the region is a Natural Economic Zone (NEZ) and it is his priority to tap it.

Sensex trades flat; consumer durables stocks surge

Dec 1 : A benchmark index of Indian equities markets Monday was trading flat at 24.18 points or 0.08 percent up as consumer durables stocks surged.

UP launches exclusive website to attract NRI investment

Dec 1 : In a bid to woo non-resident Indians (NRIs) from Uttar Pradesh to invest in the state, the state government launched a website for them late Sunday, officials said.

Proposal on gold reserves rejected in Swiss referendum

Dec 1: Swiss voters Sunday flatly rejected in a referendum a proposal stipulating the central bank in Switzerland to increase its gold reserves.

Britain should double intake of Indian students

Student mobility is a proven means of building long-lasting relations between countries. There is no better opportunity for India and Britain to further this cause than now when our two countries mark the 400th year of direct relations.

Kerala to issue roadmap on beach sand-mining: CM

The Kerala government will soon issue a roadmap on what needs to be done after the high court overturned its decision to bar...

MGNREGA may be the worst hit due to budget cuts

The MGNREGA rural job programme and other social welfare schemess will take a significant hit due to the 15 percent budget cut that the ministry of finance is believed to have...

New mineral deposits discovered in Odisha

Odisha has discovered new mineral deposits of around 431 million tonne (MT) in 10 districts of the state, Steel and Mines Minister Prafulla Mallick informed the state assembly in a written reply.

Ireland to repay 9 billion euros IMF loans by year end

Irish Finance Minister Michael Noonan said Friday his country will repay 9 billion euros ($11 billion) of the...

Countries along Silk Road discuss co-operation

Governmental representatives and experts from more than 10 countries exchanged their practical views in the international conference on ...

SEBI fines six merchant banks Rs.1 crore

The Securities and Exchange Board of India Friday fined six merchant banks Rs.1 crore for violating mandatory disclosure norms of the IPO (initial public offering) documents.

Coca Cola to set up bottling plant in north Karnataka

The Karnataka government Friday allotted 250 acres of land at Yadgir in the state’s northern region to Hindustan Coca Cola Beverages Ltd for setting...

India’s tablet market clocks strongest growth in Q3: IDC

Fuelled by festive buying and strengthening commercial demand, India’s tablet market reported its strongest third quarter growth so far during July-September 2014, said a report by...

OPEC decides against oil production cut despite price slump

The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.

Sensex, Nifty hit record highs

A benchmark index of Indian equities markets Friday hit record high of 28,765.52 points surpassing its previous high of 28,541.22 it touched Nov 25.

US welcomes historic WTO deal with India on board

The US has welcomed the World Trade Organization reaching as historic multilateral trade deal with India on board after months of deadlock with New Delhi standing firm on its food security programme.

OPEC decides against oil production cut despite price slump

The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.

4G

Airtel launches its 4G service in Africa

Bharti Airtel has launched its first fourth generation (4G) services in Africa in the Seychelles, a company statement said here Thursday.

Most land conflicts in India due to acquisition by state: Study

At least 25 percent of India’s districts are affected by some form of land conflict and a majority of these arise because the state takes over the lands, often on behalf of private investors, a study has said.

Nigerian opposition criticises government for currency devaluation

The All Progressives Congress(APC), Nigeria’s main opposition party, Wednesday criticised the government for its move to devalue country’s currency naira.

Sensex trades flat; IT stocks gain

A benchmark index of Indian equities markets Thursday was trading flat at 1.60 points or 0.01 percent up as IT stocks gained.

Japan’s Nippon to hike stake in Reliance asset management arm

Japan’s Nippon life has decided to increase its stake in the asset management company of Anil Ambani-led Reliance Capital to 49 percent from 26 percent now, the company said Wednesday.

China’s AliBaba to invest more in India

Chinese e-commerce giant AliBaba’s founder and executive chairman Jack Ma Wednesday said he wanted to invest more in India.

Saarc must act to reap fruits of economic integration: Modi

Prime Minister Narendra Modi Wednesday called for a better economic within integration Saarc, expressing concern that under 5 percent of the region’s global trade takes place between its eight member countries.

Money transactions via Bitcoin not safe

Researchers have shown that money transactions via Bitcoin network do not protect user’s IP address and it can be linked to the user’s transactions in real-time.

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