Business

January 7, 2016 8:12 AM

India to grow at 7.8% in current year: World Bank

The World Bank has projected a robust 7.8 percent growth for the Indian economy in the current year. In its Global Economic Prospect report released yesterday, the World Bank cited strong investor sentiment in India and the positive effect on real incomes of the recent fall in oil prices. The report...

January 7, 2016 7:00 AM

India to grow at 7.8% in current year: World Bank

The World Bank has projected a robust 7.8 percent growth for the Indian economy in the current year. In its Global Economic Prospect report released yesterday, the World Bank cited strong investor sentiment in India and the positive effect on real incomes of the recent fall in oil prices. The report...

January 7, 2016 7:00 AM

World Bank warns about global economic outlook

World Bank has warned of new threats to efforts to reduce poverty in the developing world. In its twice yearly assessment of global economic prospects, the bank forecasts only a modest increase in growth. The report also said, there has been an increase in risks to the global economy.

January 6, 2016 5:11 PM

Oil falls to 11-year low as Saudi-Iran row deepens

Global crude oil prices fell to the lowest level in more than 11 years, today, falling around 2 percent, as the row between Saudi Arabia and Iran was seen extinguishing any chance of major producers cooperating to cut production in the face of mounting global over supply. Brent crude oil futures los...

January 6, 2016 9:15 AM

Andhra Bank launches Immediate Payment Service

In Andhra Pradesh, Andhra Bank has launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India (NPCI), capable of processing person-to-account remittances. The Service makes payments possible within fraction of seconds with all the...

January 6, 2016 8:35 AM

PM meets oil bigwigs to give fillip to investments<br/>

Prime Minister Narendra Modi interacted with global oil and gas experts in New Delhi. The discussions focused on subjects including increasing share of gas in India&apos;s energy mix, fresh investment in oil and gas exploration in the country, regulatory frameworks, and international acquisition...

January 6, 2016 8:18 AM

Andhra Bank launches Immediate Payment Service

In Andhra Pradesh, Andhra Bank has launched Immediate Payment Service (IMPS) across all its branches in association with the National Payments Corporation of India (NPCI), capable of processing person-to-account remittances. The Service makes payments possible within fraction of seconds with all the...

January 6, 2016 6:44 AM

Govt abolishes export duty on iron ore pellets

Government has reduced export duty on iron ore pellets to zero from 5 per cent, a move that will make the commodity more competitive amid subdued demand and weakening prices. A notification in this regard was issued by the Central Board of Excise and Customs. Steel and Mines Minister Narendra Singh ...

January 5, 2016 3:51 PM

PM meets oil bigwigs to give fillip to investments<br/>

Prime Minister Narendra Modi interacted with global oil and gas experts today in New Delhi. The discussions focused on subjects including increasing share of gas in India&apos;s energy mix, fresh investment in oil and gas exploration in the country, regulatory frameworks, and international acqui...

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