Business

April 14, 2015 8:52 AM

ONGC, OIL, BPCL to invest USD 6 bn in Mozambique

Petroleum minister Dharmendra Pradhan said, state-run ONGC, OIL and BPCL will in the next four years invest USD 6 billion in developing a giant gas field off the Mozambique coast. Mr Pradhan, who returned from a two-day visit to the African nation last night, said the first LNG from the block is tar...

April 14, 2015 8:05 AM

Arun Jaitley leaves for US to attend IMF-World Bank meet

Finance Minister Arun Jaitley is leaving for United States today to attend the IMF-World Bank Spring meetings in Washington. RBI Governor Dr Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting which is likely to focus on the steps ne...

April 13, 2015 9:13 PM

FM leaving for US tomorrow to attend IMF-World Bank Spring meetings

Finance Minister Arun Jaitley is leaving for United States tomorrow to attend the IMF-World Bank Spring meetings in Washington.RBI Governor Dr Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting which is likely to focus on the steps ...

April 13, 2015 8:28 PM

Retail inflation in March eases to 3-month low of 5.17%

Retail inflation eased to a 3-month low of 5.17 per cent in March this year, amid softer prices of some food items. Inflation as measured by the Consumer Price Index had stood at 5.37 per cent in February this year, and 8.25 per cent in March last year.According to government data, overall food infl...

April 13, 2015 5:47 PM

India's economy to grow 7.9 per cent this fiscal: Morgan Stanley

Multinational financial services corporation Morgan Stanley, said India's economy will grow at 7.9 per cent this fiscal and 8.4 per cent in Financial Year 2016-17. In a note Morgan Stanley stated that the risk to India's growth forecasts are evenly balanced and government'...

April 13, 2015 2:17 PM

ONGC, OIL, BPCL to invest USD 6 bn in Mozambique

Petroleum minister Dharmendra Pradhan today said, state-run ONGC, OIL and BPCL will in the next four years invest USD 6 billion in developing a giant gas field off the Mozambique coast. Mr Pradhan, who returned from a two-day visit to the African nation last night, said the first LNG from the block ...

April 13, 2015 8:02 AM

SBI cuts home loan interest rate by up to 0.25%

State Bank of India has announced a cut in home loan rate by up to 0.25 per cent and it will be effective from today. In a statement issued in New Delhi yesterday, SBI said, it is higher than the reduction of 0.15 per cent in base rate that came into force on 10th of this month. The bank said the ho...

April 13, 2015 7:57 AM

SBI cuts home loan interest rate by up to 0.25%

The State Bank of India has announced a cut in home loan rate by upto 0.25 per cent. The rate cut will be effective from today. It is higher than the reduction of 0.15 per cent in base rate that came into force on 10th of this month. In a statement issued in New Delhi, the bank said the home loan ra...

April 12, 2015 6:24 PM

SBI cuts home loan rate by up to 0.25 per cent

State Bank of India today announced a cut in home loan rate by up to 0.25 per cent. The rate cut will be effective from tomorrow. It is higher than the reduction of 0.15 per cent in base rate that came into force on 10th of this month.In a statement issued in New Delhi, the bank said the home loan r...

April 11, 2015 6:45 PM

Airbus plans to increase outsourcing from India to $2 bn

The French aviation major, Airbus plans to increase outsourcing from India to two billion dollars in next five years.This is five times of the present value.This was disclosed by the spokesperson of the External Affairs Ministry after the visit of Prime Minister Narendra Modi to high tech manufactur...

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