US stocks posts good gains led by energy companies

US stocks posted good gains, yesterday, led by energy companies, after news reports said that Saudi Arabia and Russia were working toward an agreement to cut oil production. Investors also worked through the initial batch of earnings from the first quarter of the year. So the Dow Jones industrial av...

International Monetary Fund (IMF) has said that India's growth is projected to notch up to 7.5 per cent in 2016-17, overtaking China's GDP by more than 1 per cent. Retaining its last October forecast, the IMF in its latest, World Economic Outlook report said, a recovery of private ...

EPFO settles 118 lakh claims in FY16, 96% in 20 days

Employees' Provident Fund Organisation (EPFO) has settled 118 lakh claims including PF withdrawals during last fiscal. In a statement, EPFO said, of the total settled claims, 96 per cent were settled within the mandated period of 20 days. The EPFO also redressed over two lakh grievances dur...

Industrial production grows 2% in February

Industrial production grew 2 percent, year-on-year, in February, this year, after contracting for three straight months, suggesting economic recovery.Factory output measured in terms of the index of industrial production, had declined 1.5 per cent in January this year, and grown 4.8 per cent in Febr...

Industrial production grows 2% in February<br/>

Industrial production grew 2 percent, year-on-year, in February, this year, after contracting for three straight months, suggesting economic recovery.Factory output measured in terms of the index of industrial production, had declined 1.5 per cent in January this year, and grown 4.8 per cent in Febr...

Retail inflation hits 6-month low of 4.83% in March

Retail inflation in March fell to a six-month low of 4.83 per cent on account of cheaper food articles such as vegetables and pulses. The retail inflation, measured on Consumer Price Index, CPI in February was revised upwards to 5.26 per cent from 5.18. Consumer inflation was seen below this level a...

Industrial production grows 2% in February<br/>

Industrial production grew 2 percent, year-on-year, in February, this year, after contracting for three straight months, suggesting economic recovery. Factory output measured in terms of the index of industrial production, had declined 1.5 per cent in January this year, and grown 4.8 per cent in Feb...

India links USD 20 bn investment in Tehran to favourable terms

India has offered to invest up to 20 billion US dollars in Iran&apos;s energy industry, subject to provision of concessional rights.Oil Minister Dharmendra Pradhan, who is in Iran with a delegation of state-owned companies informed the Iranian side that Indian companies are interested in setting...

Rajan cautions public against frauds in RBI's name

RBI Governor Raghuram Rajan cautioned the public against any fictitious e-mails in his or the central bank&apos;s name demanding money. Speaking at the launch of Unified Payments Interface, UPI system in Mumbai, Mr. Rajan asked people not to fall prey to any fraud messages. He said, the RBI has ...

FM Jaitley asks States to follow the path of fiscal discipline

The Centre has asked the States to follow the path of fiscal discipline. Addressing the second meeting of the State Finance Secretaries in New Delhi yesterday, Finance Minister Arun Jaitley asked the states to spend more on development of infrastructure, social and rural sectors. Saying that public ...