Business

April 16, 2014 10:28 AM

China's economic growth slowest in 1st Quarter of 2014

China's economy grew at its slowest pace in the first quarter of 2014, official data showed on Wednesday. Reports say, the signs of waning momentum already promptedgovernment action to steady the world's second-largest economy.Authorities have ruled out major stimulus to fight shor...

April 16, 2014 8:57 AM

EU signs into being authority to unwind failing banks; ends bailout era

The European Union's Parliament on Tuesday, completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimise the risk and cost posed by failing banks.Lawmakers signed off on the creation of a European authority with...

April 15, 2014 9:00 PM

Petrol price cut by 70 paise per litre excluding VAT

Petrol price has been cut by 70 paise per litre excluding VAT. The new rates will come into force from midnight tonight. Now, for the petrol, consumer will have to pay 71 rupees and 41 paise a litre in Delhi, 79 rupees and 25 paise in Kolkata, 80 rupees in Mumbai and 74 rupees and 60 paise in Chenna...

April 15, 2014 7:54 PM

Petrol price cut by 70 paise per litre excluding VAT

Petrol price has been cut by 70 paise per litre excluding VAT. The new rates will come into force from midnight tonight.Now, for the petrol, consumer will have to pay 71 rupees and 41 paise a litre in Delhi, 79 rupees and 25 paise in Kolkata, 80 rupees in Mumbai and 74 rupees and 60 paise in Chennai...

April 15, 2014 7:42 PM

March retail inflation edges up to 8.31 per cent from 8.03 in Feb

Retail inflation in March inched up to 8.31 per cent from 8.03 in February, mainly on account of a rise in fruit and vegetable prices.The Central Statistics Office said in a statement today that the corresponding provisional inflation rates for rural and urban areas for March were 8.89 per cent and ...

April 15, 2014 1:40 PM

Wholesale price inflation hits 3-month high of 5.7 pc in March

Wholesale price inflation has hit a 3-month high of 5.7 per cent in March, driven up by increases in prices of food items and fuel costs. The inflation in the food items, based on the wholesale price index (WPI), shot up by 9.9 per cent in March as against 8.12 per cent in the previous month.The ove...

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