India joins Asian Infrastructure Investment Bank; becomes 2nd largest shareholder among 50 founding countries

India and representatives from 49 other founding countries, have signed an agreement that provided legal framework for the China-led '100 Billion' US Dollar, Asian Infrastructure Investment Bank or AIIB. The 60-article agreement specified each member's share as well as gov...

Oil prices extend losses in Asia

Oil prices extended losses in Asia today on expectations Greece will miss a key debt repayment later in the day and edge closer to a Eurozone exit. US benchmark West Texas Intermediate (WTI) for August delivery fell 23 cents to 58.10 dollar while Brent crude for August eased 15 cents to 61.86 dollar...

India's garment industry expected to achieve export target of USD18 billion during current financial year

Riding on last years 12.2 percent growth India's garment industry is expected to achieve export target of USD18 billion during the current financial year.Inaugurating the 61st National Garment Fair in Mumbai on Monday Textile Secretary Dr. S. K. Panda said the Indian apparel industry offers...

Greece debt crisis: Global stock markets slide

Stock markets in Europe, Australia and Asia including India, China, Japan, Hong Kong, South Korea have seen big falls after Greece closed its banks and imposed capital controls. Greet authorities took the move after the European Central Bank decided not to extend emergency funding. On the currency m...

Gold up by Rs 240 to Rs 26,950 per ten grams

Greece crisis: Global stock markets slide

Stock markets in Europe, Australia and Asia including India, China, Japan, Hong Kong, South Korea have seen big falls after Greece closed its banks and imposed capital controls. Greet authorities took the move after the European Central Bank decided not to extend emergency funding. On the currency m...

Greek Prime Minister Alexis Tsipras Sunday announced that the country's crisis-hit banks will be shut today and capital controls imposed to prevent withdrawals, after cash machines ran dry. Tsipras said this in a statement that again called for an extension to Greece's current bail...

Greek Prime Minister Alexis Tsipras Sunday announced that the country's crisis-hit banks will be shut today and capital controls imposed to prevent withdrawals, after cash machines ran dry. Tsipras said this in a statement that again called for an extension to Greece's current bail...

Signing ceremony of the Asian Infrastructure Investment Bank is going to be held in China today

In China, a signing ceremony for the official creation of the Asian Infrastructure Investment Bank is going to be held today in Beijing. President Xi Jinping is scheduled to meet the heads of the delegations representing the prospective founding members of the bank. A meeting of Finance Ministers of...

Euro dropped below 1.1 US dollars in early Asian trade today

The European single currency dropped below 1.1 US dollars in early Asian trade today amid growing concern Greece was headed for financial collapse and a possible Euro zone exit. The European Central Bank said, it would not increase its financial support to Greek banks. It was the first time since ea...