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January 9, 2015 8:36 PM
The government has approved twelve proposals of Foreign Direct Investment (FDI) amounting to over 1827 crore rupees. According to an official release, these proposals were cleared on the basis of the recommendations of Foreign Investment Promotion Board.Of them, the highest 1150 crore rupees FDI pro...
January 8, 2015 1:42 PM
Power Minister Piyush Goyal today said common man has to pay high tariff because of power theft and huge financial losses in the sector. Speaking during the launch of e-Book in New Delhi, the Minister said the electricity suppliers lose Rs 70,000 crore every year due to the poor transmission system....
January 8, 2015 1:18 PM
Minister for Micro, Small and Medium Enterprises Kalraj Mishra today asked the small entrepreneurs to participate in the Make in India campaign to ensure its effective implementation as well as their own growth. Inaugurating a symposium on Growth and Prospects of MSME Sector, Mr Mishra emphasized on...
January 8, 2015 7:39 AM
Unemployment rate in the country rose to 4.9 per cent in 2013-14, mainly on account of increase in joblessness in rural areas. In 2012-13, it was 4.7 per cent. On the positive side, the unemployment rate dropped in urban areas to 5.5 per cent from 5.7 per cent in the previous fiscal. According to th...
January 8, 2015 7:24 AM
European benchmark Brent oil briefly sank under $ 50 yesterday for the first time since 2009. However, prices later recovered following mixed demand signals in the United States.In morning London deals, Brent North Sea crude for delivery in February dived to another 5.5-year low at $ 49.66 a barrel,...
January 7, 2015 2:57 PM
NTT DoCoMo has moved the international court for arbitration in London to ensure that the Tata Group finds a buyer for the Japanese telco's 26 per cent stake in their Indian joint venture, Tata Teleservices for at least 1.1 billion dollar. The move has set the stage for a potentially bitter...
January 7, 2015 2:31 PM
The price of Brent Crude oil has fallen below 50 dollar a barrel for the first time since May 2009. It fell more than a dollar to 49.92 dollar a barrel in early trading today before edging back above the 50 dollar mark. Slowing global growth and increased supply of oil and gas have pushed prices sha...
January 7, 2015 12:19 PM
Oil tumbled to fresh 5.5-year lows yesterday, plagued by a supply glut, demand fears in the faltering global economy, and the strong dollar. Crude futures were also hit as OPEC kingpin Saudi Arabia reportedly cut its European and US export prices in order to maintain market share. US benchmark West ...
January 7, 2015 7:15 AM
Oil tumbled to fresh 5.5-year lows yesterday, plagued by a supply glut, demand fears in the faltering global economy, and the strong dollar. Crude futures were also hit as OPEC kingpin Saudi Arabia reportedly cut its European and US export prices in order to maintain market share. US benchmark West ...
January 7, 2015 7:15 AM
Economist Arvind Panagariya has been appointed as the Vice Chairman of National Institution for Transforming India, NITI Aayog. Another economist, Bibek Debroy and former Defence Secretary V K Saraswat have been appointed as full-time members. The appointments were made by Prime Minister Narendra Mo...
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