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April 6, 2016 8:25 AM
The East Coast Railway (ECoR) has once again achieved a record in revenue loading performance and placed itself as the largest Freight Loading Railway Zone in 2015-16. During 2015-16, the East Coast Railway loaded 173.49 million tonnes of freight as compared to 161.91 during the last year, registeri...
April 6, 2016 8:23 AM
The Mahanadi Coalfields Limited (MCL) has become the number one coal producer in the country by producing a record 137.90 million tonne (MT) of coal in 2015-16, contributing 39 per cent to the growth of the Coal India Limited. Briefing to press last evening in Bhubaneswar, MCL chairman AK Jha said t...
April 6, 2016 7:31 AM
International Monetary Fund said, with strong growth and rising real income, India remains a bright spot in the global economy. In a policy address, in Frankfurt, IMF Chief Christine Lagarde said, India has reduced spending on costly energy subsidies so it can invest more in growth-enhancing social ...
April 6, 2016 7:31 AM
Reserve Bank of India today cut key interest rates by 25 basis points in its first bi-monthly monetary policy review for the 2016-17 fiscal. With this, Home, auto and other loans are set to become cheaper. However, RBI has kept Cash Reserve Ratio unchanged at 4 per cent.The RBI also introduced numbe...
April 6, 2016 6:49 AM
Commerce and Industry Minister Nirmala Sitharaman will chair a meeting of 70-member Board of Trade today to discuss ways to boost exports. This is the first meeting of the reconstituted Board of Trade (BoT), a top advisory body on trade. It was reconstituted as per the provisions of the Foreign Trad...
April 5, 2016 10:27 PM
Commerce and Industry Minister Nirmala Sitharaman will chair the meeting of 70-member Board of Trade tomorrow to discuss ways to boost exports, which are in negative zone since December 2014. It is the first meeting of the reconstituted Board of Trade (BoT), a top advisory body on trade. It was reco...
April 5, 2016 8:45 PM
The domestic stock markets took a big hammering, today, even as the Reserve Bank cut its key policy rate by 25 basis points, while the rupee fell sharply against the dollar. The Sensex at the Bombay Stock Exchange plunged 516 points, or 2 percent, to close at 24,884, on across-the-board selling by i...
April 5, 2016 4:57 PM
Oil and gas giant British Petroleum will pay over 20 billion US Dollars to the American government as damages over the 2010 oil spill in the Gulf of Mexico. It is the largest environmental settlement in US history as well as the largest-ever civil settlement with a single entity. A US judge yesterda...
April 5, 2016 4:11 PM
International Monetary Fund said, with strong growth and rising real income, India remains a bright spot in the global economy. In a policy address, in Frankfurt, IMF Chief Christine Lagarde said, India has reduced spending on costly energy subsidies so it can invest more in growth-enhancing social ...
April 5, 2016 1:04 PM
Moody's Investors Service today said the 25 basis point cut in the policy rate by RBI is in line with market expectations and cautioned that inflation could rise in the event of unfavourable monsoon and a sharp currency depreciation. Moody's said a moderate growth in India, spare c...
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