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April 18, 2016 5:38 PM
The price of oil has dropped sharply after a meeting of oil producers failed to agree a cap on output. The meeting in Qatar was attended by most members of oil producers' group OPEC, including Saudi Arabia, except Iran. Saudi Arabia, the world's biggest exporter, had been prepared ...
April 18, 2016 1:58 PM
Wholesale price-based inflation remained in negative territory for the 17th month in a row, at minus 0.85 per cent in March this year. But prices of some food articles, mainly pulses, turned costlier. Wholesale inflation had stood at minus 0.91 per cent in February this year. Food inflation rose sli...
April 18, 2016 11:35 AM
A meeting of the world's leading oil exporters to discuss capping production has ended without agreement. After hours of talks in Qatar, the country's Energy Minister Mohammed bin Saleh al-Sada said that the oil producers needed more time.Most members of the OPEC producers&apos...
April 18, 2016 6:57 AM
In Qatar, the world's biggest oil producers have failed to reach an agreement at a meeting seeking to freeze output and reassure markets that a recent recovery in prices can be sustained. Yesterday's talks in Qatar's capital Doha saw the Organisation of the Petroleum Expor...
April 17, 2016 12:57 PM
A US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services (TCS) and Tata America International Corp. - with a 940 million US dollars fine in a trade secret lawsuit filed against them. Accoding to PTI, the jury has asked the Tata firms to pay 240 million dol...
April 17, 2016 12:54 PM
Union Finance Minister Arun Jaitley has said, India created a favourable investment climate in all sectors which has resulted in a hefty increase in FDI in the last two years. Addressing the meeting of the development committee of the World Bank in Washington, Mr Jaitley said, India has liberalised ...
April 17, 2016 8:47 AM
A new multilateral lender set up by the BRICS nations has approved its first set of loans valued at 811 million US dollars for renewable energy projects in four of its member countries. The New Development Bank, which formally launched full operations in February, is backed by the BRICS countries - ...
April 17, 2016 8:47 AM
In Qatar, at least 17 major oil producing countries, both from the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers, are due to meet in Doha today. They will discuss freezing production at January levels to offset the glut in global oil and steady oil prices that hav...
April 16, 2016 9:25 PM
Commerce and Industry Minister Nirmala Sitharaman on Saturday had an open chat with budding entrepreneurs in New Delhi to take stock of Start-up India action plan.Instead of entrepreneurs going to the ministry to raise their grievances, the Minister herself interacted with them and listened to their...
April 16, 2016 6:57 PM
India has demanded for selecting International Monetary Fund - IMF's next managing director from an emerging economy and not from Europe, which traditionally has been the case.In Washington, Union Finance Secretary Shaktikant Das said, India has informed the IMF that in the next round, the ...
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