Business

October 8, 2014 9:30 PM

Global crude oil drops to a 27 month low under 91 dollars per barrel

Continuing its slide to lower levels, Brent crude oil futures dropped to a 27-month low under 91 dollars a barrel on Wednesday.US crude lost 1.07 dollars, to 87.79 dollars a barrel.Oil fell after the International Monetary Fund cut its global economic growth forecasts for the third time this year.

October 8, 2014 7:15 PM

Railways' Revenue earnings up by over 12 per cent

Railways revenue earnings have gone up by over 12 per cent during first six months of this fiscal.The total approximate earnings during the period were about Rs. 73,404 crore compared to Rs. 65,526 crore during the same period last year.The total earnings from goods during the period were about Rs. ...

October 8, 2014 7:15 PM

Govt to provide LEDs at Rs10 against market price of Rs 400<br/>

Power Ministry has initiated several measures to promote energy efficiency in lighting sector.According to an official release, the Ministry has decided to provide bulbs using LED technology to households under the Rajiv Gandhi Grameen Vidyuthikaran Yojana (RGGVY).Bureau of Energy Efficiency and Ene...

October 8, 2014 2:03 PM

Govt to look into people's concerns on Flipkart's massive discount sale

After receiving many complaints from traders on Flipkart&apos;s massive discount sale, Government today said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Speaking to reporters on the sidelines of a function in New Delhi Commerc...

October 8, 2014 1:37 PM

Govt looking into Flipkart's biggest online sales issue: Nirmala Sitharaman

Commerce and Industries Minister Nirmala Sitharaman today said that government has received lots of complaint against the Flipkart and other online retail companies about their biggest online sales. Speaking to reporters on the sidelines of a function in New Delhi she said, people have shown their c...

October 8, 2014 7:09 AM

India to grow 5.6% this year, 6.4 % in 2015: IMF

The International Monetary Fund has forecast 5.6 percent growth rate for India this year and a higher 6.4 per cent next year. The IMF said this in its latest World Economic Outlook report yesterday citing renewed confidence in the market due to a series of economic reforms being undertaken by the Go...

October 7, 2014 7:43 PM

DIPP clears 33 pending defence deals

The Department of Industrial Policy and Promotion, DIPP has cleared 33 defence proposals which were pending for last several years. Out of these proposals 19 are related to foreign direct investment ,FDI to boost the manufacturing in Defence sector. The decision was taken after the simplification of...

October 6, 2014 2:32 PM

Crude prices slip to multi year low after build-up in supplies

Crude prices slipped today to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report. US benchmark West Texas Intermediate for November delivery was down five cents at 89.69 dollar. On Friday it closed below 90 dollar for the first time since ...

October 6, 2014 1:14 PM

Coal stocks at 56 thermal plants critical: CEA

Coal stock position at thermal power plants remains critical as more than half of the generating stations have less than a week&apos;s fuel stock. As per the latest data by the Central Electricity Authority, CEA, 56 coal-based power plants reported critical fuel stocks of less than seven days. A...

October 6, 2014 1:14 PM

World oil prices drop to their lowest levels in more than a year

The world oil prices have dropped to their lowest levels in more than a year. The move follows the decision by Saudi Arabia, one of the world&apos;s largest oil producers to cut its oil prices for the fourth month in a row but without any signs of cutting its production to ease the glut in the g...

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