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Cairn gets new CEO

Oct 22, 2014 at 05:02 | Source: Calcutta Telegraph News

New Delhi, Oct. 21: Cairn India today said its board had approved the appointment of Mayank Ashar as the managing director and chief executive officer with effect from November 17. The announcement came on a day the company reported a 32.7 per cent ...

Iran to get $900m by Nov

Oct 18, 2014 at 20:22 | Source: Calcutta Telegraph News

New Delhi, Oct. 17 (PTI): India will pay Iran $900 million in two tranches beginning next week to clear part of the dues for crude it buys from the Persian Gulf nation. This payment will be on top of the $1.65 billion it had paid in June-July to cle...

West Bengal: Two injured in blast while making crude bombs

Oct 16, 2014 at 08:40 | Source: FirstPost

Malda (WB): Two persons were injured in a blast in the Malda district of West Bengal on Wednesday while making bombs, police said.Ziaul Sheikh and his son Nawab Sheikh of Hatichapa village under the limits of Baishnabnagar police station in the distr...

Global shares slide on growth fears

Oct 15, 2014 at 21:57 | Source: BBC

Global shares have fallen sharply as concerns about weak global economic growth knock investor confidence. In the US, the Dow Jones opened down almost 300 points, or 1.8%, at 16,025, before recovering slightly. European markets were also sharply lowe...

Trade deficit widens in September

Oct 15, 2014 at 12:42 | Source: Calcutta Telegraph News

New Delhi, Oct. 14: Trade deficit widened to $14.25 billion in September as gold imports surged about 450 per cent to $3.75 billion. Keeping the current account deficit in control will be a cause for concern for the government as big purchases are e...

India inflation rate falls to five-year low

Oct 15, 2014 at 12:42 | Source: BBC

India's inflation rate fell to a five-year low in September because of lower food and fuel prices. The Wholesale Price Index (WPI), India's main gauge of inflation, rose 2.38% in September from a year earlier. That is the smallest increase ...

Oil prices continue to slide on IEA report

Oct 14, 2014 at 20:42 | Source: BBC

Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell $2.72 to $86.17 a barrel before seeing a slight recovery, while US crude dropped $1.75 t...

Oil price hits two-year low after Saudi price cut

Oct 14, 2014 at 20:42 | Source: BBC

Global oil prices have fallen to their lowest level in more than two years after Saudi Arabia cut its official selling price. Concerns of oversupply after higher output in the US, together with forecasts of lower global demand by the International En...

India wholesale prices fall to five-year low

Oct 14, 2014 at 16:42 | Source: BBC

India's inflation rate fell to a five-year low in September because of lower food and fuel prices. The Wholesale Price Index (WPI), India's main gauge of inflation, rose 2.38% in September from a year earlier. That is the smallest increase ...

RIL profit tops forecast

Oct 14, 2014 at 11:22 | Source: Calcutta Telegraph News

Mumbai, Oct. 13: Reliance Industries Ltd (RIL) today surpassed Street estimates by posting a 1.7 per cent rise in consolidated net profit for the second quarter ended September 30, helped by a strong growth in refining margins. The net profit in the...

Oil prices see further declines

Oct 14, 2014 at 11:22 | Source: BBC

Global oil prices have fallen again amid worries about slow global growth and reports that key oil producers want to maintain current output levels. Brent crude fell to a near four-year low of $87.74 a barrel earlier, before recovering some ground to...

China's Prez Xi's visit to India: Why Modi and India came out on top

Oct 14, 2014 at 07:49 | Source: FirstPost

Now that the dust has settled on Prime Minister Narendra Modis whirlwind foreign policy activities in September, and the protests in Hong Kong have petered out, this is a good time to sit back and analyze what Xi Jinpings visit to India has left behi...

Russia signs deals with China to help weather sanctions

Oct 14, 2014 at 01:15 | Source: FirstPost

MOSCOW (Reuters) - Russia and China signed energy, trade and finance agreements on Monday proclaimed by Moscow as proof that a policy turn to Asia is bearing fruit and will help it to weather Western sanctions over the Ukraine crisis.The 38 deals, si...

Oil price in new fall on fears of slow global growth

Oct 13, 2014 at 16:46 | Source: BBC

Oil prices have fallen again amid renewed worries about low global growth with Brent crude near four-year lows. Brent crude dropped to $87.74 a barrel, its lowest since December 2010, before recovering some ground to $88.12. US light crude oil was do...

Twin hurdles to ONGC share sale

Oct 13, 2014 at 12:47 | Source: Calcutta Telegraph News

New Delhi, Oct. 12: The stake sale in state-owned ONGC could be pushed back to the end of the current quarter on account of a lack of clarity on new gas prices and the subsidy sharing formula. While the government has indicated that the new gas pric...

Asia shares down despite China trade jump

Oct 13, 2014 at 12:47 | Source: BBC

Asian shares fell to seven-month lows as positive trade data from China failed to ease concerns over global economic growth. World Bank and International Monetary Fund meetings on Saturday called for bold action to boost economic recovery. But, Septe...

Global shares fall further on economy fears

Oct 11, 2014 at 09:02 | Source: BBC

European and US stock markets have seen sharp falls as fears have deepened over prospects for the global economy. London's FTSE 100 share index fell 1.4% to 6,339.97, a 12-month low, as did Germany's Dax. France's Cac-40 fell to it low...

Shares fall further on global economy fears

Oct 10, 2014 at 15:52 | Source: BBC

Share prices fell further in morning European trade as fears deepen over prospects for the global economy. Earlier, the Brent crude benchmark fell $1.65 to $88.40 a barrel, a near four-year low, although it recovered some ground to stand at $89.65. I...

Fed fuels stock surge

Oct 10, 2014 at 15:52 | Source: Calcutta Telegraph News

Mumbai, Oct. 9: The BSE benchmark Sensex today surged 390 points to close at a one-week high of 26637.28 as investors tracked a rally in the world markets after the US Federal Reserve said it was not in a hurry to hike rates. The 50-share NSE Nifty ...

Venezuela to pay Exxon $255m in oil dispute

Oct 10, 2014 at 15:52 | Source: BBC

Venezuela has said it will pay Exxon Mobil $255m (£164m) in compensation for assets nationalised in 2007 - less than a third of what an arbitration panel awarded the oil giant. The International Chamber of Commerce (ICC) in Paris had ruled that PDVS...

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