Business

January 22, 2016 5:59 PM

India can stand out in gloomy global economic situation: Jaitley

Finance Minister Arun Jaitley has said India can stand out in the gloomy global economic situation if it continues with reforms and responsible economic planning. In an interview to PTI in Davos, Mr. Jaitley said Indian economy has shown resilience to defy global slowdown in 2001, 2008 and 2015 and ...

January 22, 2016 5:07 PM

India to be fastest growing economy at 7.3% in 2016: UN report

A United Nations world economy report today said India will be the world's fastest growing large economy at 7.3 per cent in 2016 and improving further to 7.5 per cent in the following year. The report said, the macroeconomic environment in India has improved, with the help of sharp decline ...

January 22, 2016 10:40 AM

Asia stocks rise as ECB soothes nervous markets, oil extends bounce<br/>

Asian stocks rose today after a hint of more monetary easing by the European Central Bank (ECB) and a bounce in crude oil from 12-year lows earlier this week.Japan&apos;s Nikkei jumped 3.5 percent to move away from a 15-month low struck yesterday. Australian shares rose 1.3 percent and South Kor...

January 22, 2016 10:39 AM

No plan to devalue yuan: Chinese Vice President <br/>

China&apos;s vice-president has denied the possibility of devaluation of its currency &apos;yuan&apos;. The fluctuations in the currency market are a result of market forces, and the Chinese government has no intention and no policy to devalue its currency, Li Yuanchao said this in an in...

January 22, 2016 8:33 AM

Oil prices stretch gains on cold US, European weather

Oil prices rose for a second session today, moving further away from 12-year lows seen earlier this week. This comes on account of cold U.S. and European weather lifting demand for heating oil, as well as the bouncing back of many financial markets. International benchmark Brent is up at 29.50 dolla...

January 22, 2016 7:52 AM

RBI allows banks to sell India Gold Coins

Reserve Bank has permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by Metals and Minerals Trading Corporation of India (MMTC) through their branches. In a notification issued yesterday, the RBI said, it has been decided to allow designated banks to sell the IGCs manufactured by...

January 22, 2016 7:49 AM

RBI asks banks to extend loans to women SHGs at 7% rate

The RBI has asked banks to provide loans of up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM) Aajeevika scheme during 2015-16.In a notification issued yesterday, the RBI said that all women SHGs will be eligible for interes...

January 21, 2016 8:53 PM

Pensioners account not to have more than 14 transactions a year: RBI

The Reserve Bank today directed banks that a pensioner&apos;s account should not have more than 14 credit transactions in a calendar year for pension and arrears payments. In a notification issued from Mumbai, RBI has said that these transactions include one monthly credit for payment of net pen...

January 21, 2016 8:12 PM

25-day entrepreneurship development programme from Feb

An Entrepreneurship Development Programme (EDP) will be conducted by Ahmedabad-based Entrepreneurship Development Institute of India. The 25-day programme, sponsored by Department of Science &amp; Technology, Government of India, will be held from February 1 to February 29, at PSG College of Art...

January 21, 2016 2:01 PM

FDI flows into India nearly doubled in 2015: UNCTAD

United Nations&apos; trade agency UNCTAD says, Foreign Direct Investment (FDI) inflows into India nearly doubled to 59 billion dollars in 2015. According to the annual report of the United Nations Conference on Trade and Development released yesterday, global FDI flows increased significantly by...

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