Business

February 13, 2014 9:47 AM

Rolls Royce Asia fraud: 2 held in London

Two men have been arrested in London as part of an investigation by the Serious Fraud Office (SFO) into Rolls-Royce's activities in Asia. The SFO said a number of search warrants have also been issued across the city. The office said at the end of last year it had opened a formal investigat...

February 13, 2014 9:40 AM

Senate sends Bill to Obama to raise credit limit

The US Senate has sent to the President a bill to raise the country's borrowing limit for another year, ending a series of political standoffs over the issue.The Chamber passed the bill on a 55-43 party line vote a day after it narrowly passed the House of Representatives. The US officials ...

February 13, 2014 9:39 AM

Payments Banks: RBI to firm up views after looking into all issues

RBI Governor Raghuram Rajan today said that a decision on setting up 'Payments Banks' or specialised banks to provide services to small businesses will be taken only after looking into various aspects including arbitrage issues. He was speaking to reporters on the sidelines of the ...

February 13, 2014 8:59 AM

New rail lines, revival of ITI among CCEA decisions

The Cabinet Committee on Economic Affairs, CCEA has approved the construction of a new broad gauge line between Pirpainti and Jasidih in Jharkhand. The project will be implemented at a cost of around 916 crore rupees which will be funded 50 percent through budgetary support and 50 percent through th...

February 13, 2014 8:49 AM

2 held in London during probe into fraud in Rolls Royce Asia activities

Two men have been arrested in London as part of an investigation by the Serious Fraud Office (SFO) into Rolls-Royce's activities in Asia. The SFO said a number of search warrants have also been issued across the city. The office said at the end of last year it had opened a formal investigat...

February 13, 2014 8:48 AM

Senate sends Bill to Obama to raise credit limit ending standoffs over issue

The US Senate has sent to the President a bill to raise the country's borrowing limit for another year, ending a series of political standoffs over the issue.The Chamber passed the bill on a 55-43 party line vote a day after it narrowly passed the House of Representatives. The US officials ...

February 13, 2014 8:45 AM

Payments Banks: RBI to firm up views after looking into all issues says Rajan

RBI Governor Raghuram Rajan today said that a decision on setting up 'Payments Banks' or specialised banks to provide services to small businesses will be taken only after looking into various aspects including arbitrage issues. He was speaking to reporters on the sidelines of the ...

February 12, 2014 7:57 PM

Industrial production contracts by 0.6%in Dec 2013

Remaining in the negative zone for the third month in a row, the country's industrial production contracted 0.6 per cent in December 2013, mainly due to sluggishness in the manufacturing sector. Industrial output for the April to December 2013 period has thus contracted 0.1 per cent. Accord...

February 12, 2014 7:31 PM

Retail inflation drops to 8.79% in Jan versus 9.87% in Dec

Retail inflation fell for the second consecutive month and eased to 24-month low of 8.79 per cent in January mainly due to a drop in food prices.Inflation as measured by the Consumer Price Index or CPI for December was 9.87 per cent down from 11.16 per cent in the previous month. Inflation in the fo...

February 12, 2014 5:53 PM

Brent edges higher toward $109 a barrel

Brent crude oil futures edged higher toward 109 dollars a barrel, today, after data showed that Chinese oil imports hit a record high in January, raising hopes of strengthening demand from the world's second largest economy. Crude oil imports in the world's biggest net oil importer...

Most Read

View All arrow-right

No posts found.