Business

January 20, 2016 7:56 AM

China 2015 growth slows to weakest for 25 years: Govt

China's economy grew 6.9 per cent in 2015, the slowest pace in 25 years. The growth rate, released by China's the National Bureau of Statistics (NBS), moderated to 6.8 per cent for the fourth quarter. It is the lowest quarterly rate since the global financial crisis in 2009. Chines...

January 20, 2016 7:56 AM

IMF retains India's economic growth forecast at 7.3% for current fiscal

The International Monetary Fund (IMF) has said India would continue to grow at a robust pace even as it cut the global growth forecast to 3.4 per cent for 2016. In its update on World Economic Outlook, the IMF kept India's growth projection unchanged at 7.3 per cent in the current fiscal an...

January 20, 2016 7:44 AM

Govt hikes import duty on certain medical devices

The government has increased import duty on certain specified medical device to 7.5 per cent from 5 per cent earlier. In a tweet, Finance Ministry said, the exemption from additional customs duty (SAD) on these medical devices has also been withdrawn, and they will now attract 4 per cent SAD. The Mi...

January 19, 2016 8:33 PM

IMF retains India's economic growth forecast at 7.3% for current fiscal

The International Monetary Fund (IMF) has said India would continue to grow at a robust pace even as it cut the global growth forecast to 3.4 per cent for 2016. In its update on World Economic Outlook, the IMF today kept India's growth projection unchanged at 7.3 per cent in the current fis...

January 19, 2016 5:24 PM

IMF retains India GDP forecast at 7.5% for 2016

The International Monetary Fund (IMF) has said India would continue to grow at a robust pace even as it cut the global growth forecast to 3.4 per cent for 2016. In its update on World Economic Outlook, the IMF today kept India's growth projection unchanged at 7.3 per cent in the current fis...

January 19, 2016 1:30 PM

Oil prices stuck below $30 on worsening glut fears

Oil prices were stuck near 12-year lows at below 30 dollars in Asia today on worsening glut fears. National Iranian Oil Company said that it had ordered output to increase by 5 lakhs barrels per day as sanctions have been lifted under a nuclear deal with world powers. This announcement exacerbated a...

January 19, 2016 11:37 AM

China 2015 growth slows to weakest for 25 years: Govt

China's economy grew 6.9 per cent in 2015, the slowest pace in 25 years. The growth rate, released by China's the National Bureau of Statistics (NBS) today, moderated to 6.8 per cent for the fourth quarter. It is the lowest quarterly rate since the global financial crisis in 2009. ...

January 19, 2016 7:03 AM

RBI to buy up to Rs 10,000 cr of govt bonds

The Reserve Bank has said, it will purchase up to 10,000 crore rupees worth of government bonds through an auction to infuse long-term liquidity in the banking system. The auction scheduled for tomorrow is the second such auction in the current financial year.RBI has offered to buy four government s...

January 19, 2016 6:51 AM

Iran plans to increase oil production by 5 lakhs barrels per day

Iran has said it plans to increase oil production by 5 lakhs barrels per day now as sanctions have been lifted under a nuclear deal with world powers. Deputy Oil Minister Roknoddin Javadi said, Iran is determined to retake its market share, which collapsed after the sanctions were imposed in 2012.An...

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