Business

December 12, 2014 9:33 PM

Sensex declines 251 points, to close at 27,351

The Sensex at the Bombay Stock Exchange declined 251 points, or 0.9 percent, to close at 27,351, today. The Nifty at the National Stock Exchange fell 69 points, to 8,224. Brent crude oil futures slipped to an over five-year low under 63 dollars a barrel, while US crude also fell to an over five-year...

December 12, 2014 8:31 PM

Govt committed to push growth rate at 6 to 6.5%: Arun Jaitley

Finance Minister Arun Jaitley today said that the government is committed to push the growth rate at 6 to 6.5 percent in the next financial year. Speaking in a programme organized by a private New Channel in New Delhi, Mr Jaitley said that government is working very hard on reforms like insurance, c...

December 12, 2014 7:15 PM

Industrial production contracts by 4.2% in October

The industrial production contracted by 4.2 per cent in October, sharpest decline in at least two years, on poor show by manufacturing sector and dip in the output of capital as well as consumer goods. The factory output, as measured by the Index of Industrial Production (IIP), had declined by 1.2 p...

December 12, 2014 6:06 PM

Govt committed to push growth rate at 6 to 6.5%: Arun Jaitley

Finance Minister Arun Jaitley today said that the government is committed to push the growth rate at 6 to 6.5 percent in the next financial year. Speaking in a programme organized by a private New Channel in New Delhi, Mr Jaitley said that government is working very hard on reforms like insurance, c...

December 12, 2014 4:52 PM

RBI, govt to hold talks on timeline for 2-6% inflation target

The Reserve Bank of India RBI Governor, Raghuram Rajan today said RBI will initiate talks with the government for an appropriate time frame to ensure the inflation target of 2-6 per cent of the economy. Delivering the keynote address at Bharat Ram Memorial Seminar in FICCI house New Delhi, Mr Rajan ...

December 12, 2014 2:05 PM

Crude oil prices fall below $ 60-mark for first time in 5 years<br/>

The price of crude oil has fallen to fresh five-year lows in the wake of two separate reports indicating a global supply glut. OPEC oil producers released a forecast indicating less global oil demand next year. Meanwhile, Crude oil price plunged 2.57 per cent to Rs 3,718 per barrel today as particip...

December 12, 2014 2:00 PM

RBI, govt to hold talks on timeline for 2-6% inflation target

The Reserve Bank of India Governor, Raghuram Rajan today said the apex bank will initiate talks with the government for an appropriate time frame to ensure the inflation target of 2 to 6 per cent of the economy. Delivering the keynote address at Bharat Ram Memorial Seminar in FICCI house New Delhi, ...

December 12, 2014 1:32 PM

Oil prices plunge 2.57% on weak Asian cues

Crude oil price further plunged 2.57 per cent to Rs 3,718 per barrel today as participants indulged in offloading their positions amid a weakening trend in Asian trade where it sank below the psychological 60- dollar mark for the first time since July 2009, analysts said. Meanwhile, West Texas Inter...

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