Business

July 2, 2015 8:33 AM

Govt examining funds requirement of public sector banks: Jayant Sinha

The Government has said it is currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them. Talking to reporters at an event in New Delhi yesterday, Minister of State for Finance Jay...

July 1, 2015 2:06 PM

Greece becomes first developed nation to default on IMF debt

Greece has defaulted on a 1.7 billion dollar payment to the International Monetary Fund becoming the first developed nation to do so. The deadline was missed by Athens hours after Eurozone Finance Ministers refused to extend its bailout. However, the ministers said that they will discuss a last-minu...

July 1, 2015 8:42 AM

India to grow at 7.8% in 2015, surpass China: Fitch

Global rating agency Fitch says that India is expected to grow at 7.8 per cent in 2015. In its Global Growth Outlook report, Fitch yesterday said the Indian Government's strong drive to implement structural reforms should lead to improvements in the business environment and, over the time, ...

July 1, 2015 8:20 AM

Petrol prices cut by 31 paise per litre, diesel by 71 paise including VAT

Petrol prices have been cut by 31 paise per litre and diesel by 71 paise including VAT. The new rates have come into effect from midnight. Now, petrol will cost Rs 66.62 per litre in Delhi, Rs 74.09 in Kolkata, Rs 74.52 in Mumbai and Rs 69.84 per litre in Chennai. On the other hand, diesel will cost...

June 30, 2015 8:52 PM

Growth in eight core sectors rises to 6-month high of 4.4 pc in May

Growth in the country's eight infrastructure sectors rose to a 6-month high of 4.4 per cent in May this year, mainly due to a surge in output of coal and refinery products. These core sectors had grown 3.8 per cent in May last year. Coal output rose 7.8 per cent, refinery products output in...

June 30, 2015 8:48 PM

PM urges FICCI to motivate Indian Industry to work towards growth

Prime Minister Narendra Modi today urged Federation of Indian Chambers of Commerce and Industry (FICCI) to motivate Indian Industry to work towards growth in key sectors such as agro-products, textiles and defence related manufacturing. An official release said, eleven members delegation from the FI...

June 30, 2015 8:47 PM

Petrol prices cut by 31 paise a litre, diesel by 71 paise

Petrol prices have been cut by 31 paise per litre and diesel by 71 paise including VAT. The new rates will come into effect from midnight tonight. Now, petrol will cost 66 rupees and 62 paise per litre in Delhi, 74 rupees and 09 paise in Kolkata, 74 rupees and 52 paise in Mumbai and 69 rupees and 84...

June 30, 2015 8:26 PM

Infra sector growth at 6-month high of 4.4 pc in May

Growth in the country's eight infrastructure sectors rose to a 6-month high of 4.4 per cent in May this year, mainly due to a surge in output of coal and refinery products. These core sectors had grown 3.8 per cent in May last year. Coal output rose 7.8 per cent, refinery products output in...

June 30, 2015 2:39 PM

S&P 500 posts worst day since October

U.S. stocks fell sharply in heavy trading, yesterday, and the S&P 500 and the Dow had their worst day since October, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. The European Central Bank froze funding to Greek banks, fo...

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