Global crude oil prices dip below 28 dollars a barrel for 1st time in 12 years

Global crude oil prices dropped below 28 dollars a barrel for the first time in 12 years, after the lifting of international sanctions on Iran paved the way for increased supply, amid a global glut. Brent crude oil futures dropped to 27.67 dollars a barrel--its lowest since late 2003. U.S. crude sli...

Somnath Temple to invest in Gold Monetisation Scheme

Somnath Temple Trust is all set to become first temple from Gujarat to deposit its idle gold in the Gold Monetization Scheme. According to sources, the trustees of Somnath Temple Trust have given their nod to invest the yellow metal reserves in the scheme recently launched by the Government. The tru...

Exports dip 14.75% in December, gold imports rise to $3.8 bn

India's merchandise exports contracted for the 13th straight month in December, government data showed, as global demand remained sluggish. Exports declined 14.75% from a year earlier to $22.29 billion, according to data released by the Ministry of Commerce and Industry today. Imports too p...

AP CM to participate in World Economic Forum annual summit in Davos

BSNL extends scheme giving 80% reduction in mobile rates to customers

State-run BSNL Friday said that it has extended the scheme giving 80 per cent reduction in mobile rates to its existing customers. The company had earlier announced the scheme for new customers. In a statement, BSNL said, the call rates have been reduced for both per minute and per second billing pl...

Djibouti to generate power from solar power plant and wind farm

Djibouti has launched a project to build a 300-megawatt (MW) solar power plant and is planning a 60 MW wind farm as part of an initiative to generate all the tiny nation's power from renewables within five years. A minister of the country stated this .The solar power plant, which will cost ...

Chinese Prez Xi Jinping formally opens AIIB in Beijing<br/>

Chinese President Xi Jinping formally opened Asian Infrastructure Investment Bank, in Beijing . The bank was formally established in Beijing on 25th December last year. It will invest in sectors including energy, transportation, urban construction and logistics as well as education and healthcare. T...

Increased output saves Coal India Limited 17,000 crore rupees: Coal Secretary

Increased output by Coal India has resulted in savings of about 17 thousand crore rupees in only first nine months of the current fiscal. Coal Secretary Anil Swarup told this to PTI, adding that increased production of coal has resulted in decline in imports. He said Coal India is likely to hit a re...

Increased output saves Coal India Limited 17,000 crore rupees: Coal Secretary

Increased output by Coal India has resulted in savings of about 17 thousand crore rupees in only first nine months of the current fiscal. Coal Secretary Anil Swarup told this to PTI, adding that increased production of coal has resulted in decline in imports. He said Coal India is likely to hit a re...

DoP plans to open 1000 ATMs under core banking system

The Department of Posts (DoP) plans to open one thousand ATMs and bring all 25 thousand departmental post offices under core banking system by March this year. News agency PTI quoted a DoP official as saying this. The official said DoP has already rolled out core banking system (CBS) in 12,441 post ...