Business

January 20, 2015 1:07 PM

Public Sector Bank Unions defer proposed 4 day strike from tomorrow

Public sector bank employee unions have deferred their four-day strike proposed from tomorrow. United Forum of Bank Unions Convener M V Murali said that the strike has been put on hold, as Indian Banks' Association had assured them that wage issue will be resolved by the first week of the n...

January 20, 2015 11:29 AM

India likely to cross China's projected growth rate: IMF

The International Monetary Fund (IMF) today said, India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate. Terming the new government's reforms as promising, the IMF said in 2014, India's grow...

January 20, 2015 11:28 AM

IMF lowers global growth forecast for next 2 years

The International Monetary Fund has lowered its forecast for global economic growth for the next two years. For this year and the next year, the IMF has predicted growth of 3.5 per cent and 3.7 per cent, a reduction of 0.3 percentage points, compared with the earlier forecast published in October la...

January 19, 2015 8:17 PM

India's growth to reach 6.3 per cent in 2016: UN report

The United Nations today said India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year and 6.3 per cent in 2016. According to the United Nations World Economic Situation and Prospects 2015 report, India's economy expanded by an estimated 5.4 per cen...

January 19, 2015 8:05 PM

SC asks its registry to keep fine paid by DLF in PSU bank

The Supreme Court today asked its registry to invest in a nationalized bank the money deposited with it by real estate major DLF as a fine which was imposed by the Competition Commission of India. DLF, which had earlier deposited 150 crore out of total fine of Rs 630 crore, today gave another Rs 75 ...

January 19, 2015 1:44 PM

Govt will fully protect interest of Railways while allowing FDI: Suresh Prabhu

Railway Minister Suresh Prabhu today stressed the need for infusing capital investment and Technology into the Railways through Foreign Direct Investments, FDIs. However, he ruled out any possibility of privatisation of Indian Railways. The Minister was addressing a National Seminar on Public-Privat...

January 19, 2015 1:37 PM

Suresh Prabhu stresses on infusing capital investment into Railways via FDI

Railway Minister Suresh Prabhu today stressed the need for infusing capital investment and Technology into the Railways through Foreign Direct Investments, FDIs. However, he ruled out any possibility of privatisation of Indian Railways. The Minister was addressing a National Seminar on Public-Privat...

January 19, 2015 1:22 PM

Suresh Prabhu stresses on infusing capital investment into Railways via FDI

Railway Minister Suresh Prabhu today stressed the need for infusing capital investment and Technology into the Railways through Foreign Direct Investments, FDIs. However, he ruled out any possibility of privatisation of Indian Railways. The Minister was addressing a National Seminar on Public-Privat...

January 19, 2015 1:13 PM

China shares fall sharply

China's main share index has fallen sharply following measures taken by the authorities to tackle breaches of the rules in certain types of share dealing. Late of Friday, Chinese regulators banned three major brokerages from opening new accounts for what is known as margin trading, using bo...

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