Business

February 2, 2016 12:40 PM

WhatsApp crosses one billion user milestone globally

Mobile messaging app WhatsApp today said it has crossed the one billion user milestone globally. In last five months 100 million new users joined WhatsApp. In February 2014, WhatsApp was acquired by social networking site Facebook for 19 billion dollars.In a post on Facebook, WhatsApp co-founder Jan...

February 2, 2016 12:13 PM

RBI maintains status quo in its 6th bi-monthly monetary review policy<br/>

The Reserve Bank of India (RBI) maintained a status quo in its sixth bi-monthly monetary review policy for year 2016 announced today. Keeping the rates unchanged, the apex bank has kept its stance on the credit policy accommodative. The Repo rate is the same at 6.75 per cent as in the last credit po...

February 2, 2016 11:51 AM

Saroj Kumar Jha appointed as Senior Director in World Bank

Saroj Kumar Jha has been appointed to a key position in the World Bank. Jha assumed the position of Senior Director for the Fragility, Conflict and Violence Group at the World Bank yesterday. He has to work across the Bank Group and in close collaboration with partners. Jha is an alumnus of Indian I...

February 2, 2016 11:48 AM

RBI maintains status quo in its 6th bi-monthly monetary review policy<br/>

The Reserve Bank of India (RBI) maintained a status quo in its sixth bi-monthly monetary review policy announced today. Keeping the rates unchanged, the apex bank has kept its stance on the credit policy accommodative. The Repo rate is the same at 6.75 per cent as in the last credit policy so is the...

February 2, 2016 11:21 AM

Internet pioneer Yahoo to announce job cuts today

Internet pioneer Yahoo will announce job cuts when it releases its quarterly earnings report today, said The Wall Street Journal report. Yahoo chief executive Marissa Mayer will lay out a cost-cutting plan that includes chopping 15 per cent of the work force, an estimate 1,600 positions. The cuts wo...

February 2, 2016 7:39 AM

Core sector growth slows down to 0.9% in December

Growth of the country&apos;s eight core sector industries slowed to 0.9 per cent in December 2015, from 3.2 per cent in December 2014. But the December numbers are better than those in November 2015, when core sector output had contracted 1.3 per cent.According to Commerce Ministry data, product...

February 2, 2016 7:24 AM

Core sector growth slows down to 0.9% in December

Growth of the country&apos;s eight core sector industries slowed to 0.9 per cent in December 2015, from 3.2 per cent in December 2014. But the December numbers are better than those in November 2015, when core sector output had contracted 1.3 per cent.According to Commerce Ministry data, product...

February 2, 2016 7:15 AM

RBI to announce 6th bi-monthly monetary policy review for 2015-16 today

The Reserve Bank of India will announce its sixth bi-monthly monetary policy review for the year 2015-16 today. According to experts, RBI may keep interest rate unchanged in the monetarypolicy review today as inflation trends upwards. Wholesale Price Index, WPI as well as retail inflation has been o...

February 1, 2016 1:45 PM

Petrol price slashed by 4 paise; Diesel by 3 paise per litre

Petrol price was today slashed by a marginal 4 paise a litre and diesel by 3 paise a litre. Acording to Indian Oil Corp (IOC) now petrol in Delhi would be available for 59.95 rupees per litre and diesel 44.68 rupees per litre. The reduction should have been 1.04 rupees per litre in petrol and 1.53 r...

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