Business

August 18, 2015 11:35 AM

Moody's lowers India growth forecast to 7% on monsoon concerns

Rating agency Moody's Investors Service today decreased India's growth forecast to 7 per cent for 2015, from 7.5 per cent forecasted earlier, citing monsoon concerns. Moody's Investors Service said in its "Global Macro Outlook for 2015-16" that it have re...

August 17, 2015 8:38 PM

Food grain production in country estimated to have declined by 4.66 %

Country's food grain production is estimated to have declined 4.66 per cent to 252.68 million tonnes (MT) in 2014-15 crop year due to poor monsoon and unseasonal rains in February-March.The country had registered a record food grain production of 265.04 MT in 2013-14 crop year (July-June). ...

August 17, 2015 8:01 PM

Food grain production in country estimated to have declined 4.66 %

Country's food grain production is estimated to have declined 4.66 per cent to 252.68 million tonnes (MT) in 2014-15 crop year due to poor monsoon and unseasonal rains in February-March.The country had registered a record food grain production of 265.04 MT in 2013-14 crop year (July-June). ...

August 17, 2015 7:57 PM

India's food grain output estimated to have declined 4.66 % in 2014-15

Country's food grain production is estimated to have declined 4.66 per cent to 252.68 million tonnes (MT) in 2014-15 crop year due to poor monsoon and unseasonal rains in February-March.The country had registered a record food grain production of 265.04 MT in 2013-14 crop year (July-June). ...

August 17, 2015 5:37 PM

NAFED floats new tender to import of 10K tonnes onion

Agriculture Secretary Siraj Hussain has said that Cooperative NAFED has re-invited bids for import of 10,000 tonnes of onions from countries like Pakistan, China and Egypt . Mr Hussain said the previous tender floated failed to attract any supplier .Onion prices are on rise due to mismatch in supply...

August 16, 2015 12:53 PM

PM Modi's UAE visit to help attract funds to infrastructure sector: CII

Expecting positive outcomes from Prime Minister Narendra Modi's visit to the UAE, Confederation of Indian Industry (CII) has hoped that the visit will help attract more funds from the Gulf nation into India's infrastructure sector. CII said that with the UAE transforming itself int...

August 15, 2015 7:53 PM

Govt selects pvt sector professionals to head BoB, Canara Bank

The government has appointed, P S jayakumar as MD and CEO of Bank of Baroda and Rakesh Sharma as MD and CEO of Canara Bank. This is the first time the government has chosen the two candidates from the private sector to head the Public Sector Banks. The announcements were made along with MD and CEO o...

August 15, 2015 7:49 AM

Petrol price cut by Rs. 1.27; Diesel by Rs. 1.17<br/>

Petrol price has been reduced by Rs. 1.27 a litre and diesel by Rs.1. 17 per litre.The new rates came into effect midnight last night.Petrol will now cost Rs. 63.20 a litre in Delhi, Rs. 68.10 in Kolkata, Rs. 68.24 in Mumbai and Rs. 63.49 in Chennai.Diesel will now cost Rs. 44.95 a litre in Delhi, R...

August 14, 2015 8:56 PM

Wholesale inflation falls to historic low of (-)4.05%

Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a low of minus 4.05 per cent on cheaper vegetable and fuel. The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July. Government data showed t...

August 14, 2015 8:40 PM

Govt selects private sector professionals to head BoB, Canara Bank

The government has appointed, P S jayakumar as MD and CEO of Bank of Baroda and Rakesh Sharma as MD and CEO of Canara Bank. This is the first time the government has chosen the two candidates from the private sector to head the Public Sector Banks. The announcements were made along with MD and CEO o...

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