Business

May 15, 2014 1:48 PM

Inflation eases to 5.2% in April following drop in prices of food items

Inflation has eased to 5.2 per cent in April ahead of the RBI's monetary policy review early next month. Drop in prices of food items, including vegetables, as well as fuel brought down the inflation. The inflation, measured on Wholesale Price Index (WPI), was 5.7 per cent in March. As per ...

May 15, 2014 1:15 PM

April inflation figures ease ahead of RBI's monetary Policy Review

Inflation has eased to 5.2 per cent in April ahead of the RBI's monetary policy review early next month. Drop in prices of food items, including vegetables, as well as fuel brought down the inflation. The inflation, measured on Wholesale Price Index (WPI), was 5.7 per cent in March. As per ...

May 15, 2014 11:38 AM

Equity Index provider MSCI puts Twitter on world index

Equity index provider MSCI has reclassified equities across a broad spectrum of markets as part of its semi-annual review. It has also added Twitter to its all world index. UAE and Qatar have been upgraded from the status of frontier markets to the emerging markets. 10 Qatar companies and nine Unite...

May 15, 2014 11:34 AM

US to sell $1bn worth military equipment to Iraq

The United States plans to sell nearly 1 billion dollar worth of war planes, armoured vehicles and surveillance aerostats to Iraq. Pentagon sources said, the proposed sale of these aircraft, equipment and support will enhance the ability of the Iraqi forces to sustain themselves in their efforts to ...

May 15, 2014 10:17 AM

CEA's Mathur pegs power loss at 1.40 lakh MW

The Chairperson of the Central Electricity Authority - CEA, Neerja Mathur has said that the Centre and state governments must interact closely to enable power supply at reasonable rates. She was speaking at the Inauguration of the Fifth Transmission and Distribution Conclave and round table summit o...

May 15, 2014 10:17 AM

Listing on bourses at bank's discretion: RBI panel

A RBI committee has come out strongly against the central bank's rule which states that banks must list on the stock exchanges within three years. According to the PJ Nayak Committee, this clause may be detrimental to the interests of minority shareholders. The committee formed to review Go...

May 15, 2014 10:01 AM

Brazil to compensate workers sent to Amazon plantations in WW II

The Brazilian Congress has approved a plan to compensate workers sent to rubber plantations in the Amazon during World War Two. Some 55,000 mostly poor Brazilians left for the rainforest to supply the United States with rubber used in making weapons and vehicles during the war. The conditions in the...

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