Business

February 2, 2015 6:42 PM

Core sector growth slows to 3-month low of 2.4% in Dec

The growth rate of eight core sector industries slowed to three-month low of 2.4 per cent in December last year as production of crude oil, natural gas, fertiliser and steel declined. The growth was 6.7 per cent in November. The core sector contributes 38 per cent to the overall industrial productio...

February 2, 2015 12:50 PM

Jet fuel price cut by 11.3%, to cost less than diesel

The price of Jet fuel has been cut by 11.3 per cent and it will now cost less than diesel. Oil companies have announced that the price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by around 5,910 rupees a kilolitre to 46,513 rupees a kilolitre on the back of fall in international cr...

February 2, 2015 8:50 AM

Asian stocks fall on weak China manufacturing data

Asian markets are mostly lower after activity in China's manufacturing sector shrank for the first time in more than two years. The official Purchasing Managers' Index fell to 49.8 in January, its second consecutive monthly decline. A reading below 50 indicates a contraction in the...

February 2, 2015 6:57 AM

Jet fuel price cut by 11.3%, to cost less than diesel

The price of Jet fuel has been cut by 11.3 per cent and it will now cost less than diesel. Oil companies have announced that the price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by around 5,910 rupees a kilolitre to 46,513 rupees a kilolitre on the back of fall in international cr...

February 1, 2015 2:23 PM

FII inflows at 6-month high of Rs 33688 crore last month

Overseas investors pumped in a staggering 33,688 crore rupees in capital markets last month, making it the highest investment in six months. Foreign Institutional Investors, FIIs bought shares worth 12,919 crore rupees in January, while they bought debt worth 20,769 crore rupees. These investors got...

January 31, 2015 6:17 PM

Gold gains Rs.250 per ten grams

After falling for two straight days, gold rose 250 rupees, to 28,350 rupees per ten grams at Delhi's bullion market, today, on jewelers demand amid ongoing wedding season.Silver gained 800 rupees, to 38,350 rupees kilo on increased offtake by industrial units and coin makers. Silver coins r...

January 31, 2015 8:10 AM

Oil price approaches six-year low

World oil prices tumbled close to six-year low this week, as record-high US crude inventories deepened worries over the global supply glut. In another blow, official data showed that the US economy slowed sharply in the fourth quarter of 2014, sparking fears over demand in the United States, which i...

January 30, 2015 8:58 PM

RBI constitutes high level panel on urban cooperative banks

RBI has constituted a High Powered Committee under the Chairmanship of Deputy Governor R Gandhi to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector.The committee will examine the line of businesses that UCBs may be ...

January 30, 2015 8:30 PM

GDP revised upward to 6.9 % with change in base year

A change in base year for computing national accounts pushed up the economic growth rate for 2013-14 to 6.9 per cent. Earlier the government estimate growth rate was 4.7 percent on the basis of old series. Releasing the data Secretary of Statistics and programme implementation T.C.A. Anant said that...

January 30, 2015 8:14 PM

Oil on track for seventh monthly fall

Brent crude oil futures dipped 4 cents, to 49.09 dollars per barrel, today, with some support from new Chinese reserve regulations, but remained on track for a seventh monthly fall, as prices were weighed down by a global supply glut. Brent is on track to post a 14 percent fall in January, marking a...

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