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RBI forecasts 5.5% growth for FY 15; but monsoons, geopolitics may play spoilsport

Aug 22, 2014 at 09:22 | Source: Economic Times

KOLKATA: The Reserve Bank of India (RBI) has said that the Indian economic growth is poised for a take-off amid signs of economic reforms, fiscal consolidation and projected improvement in investments. The central bank forecasts the gross domestic pr...

For embattled Ukraine rebels, no time to honour the dead

Aug 22, 2014 at 00:15 | Source: FirstPost

DONETSK Ukraine (Reuters) - Pro-Moscow rebels in the Ukrainian city of Donetsk are taking such heavy losses in fighting with advancing government troops they no longer have time to give their comrades a proper burial.That task fell instead on Wednesd...

RIL plants to use US feedstock

Aug 21, 2014 at 09:37 | Source: Calcutta Telegraph News

Mumbai, Aug. 20: Reliance Industries’ bet on shale gas exploration in the US is finally paying off. On Tuesday, RIL said it would start importing 1.5 million tonnes a year of ethane from the US from 2016 to feed its gas crackers in India. In a...

Oil Ministry moves to install security cameras in sensitive locations to guard against espionage

Aug 21, 2014 at 09:37 | Source: Economic Times

NEW DELHI: A lower-level functionary of the oil ministry, keen to deliver a copy of a file to a corporate, made a fatal mistake while photocopying the paper: he forgot to remove the original document from the photocopier. This created a stir when an ...

World stocks halt rally, BoE jolts UK markets

Aug 21, 2014 at 01:30 | Source: FirstPost

LONDON (Reuters) - World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rat...

Nifty retreats from record high on profit taking

Aug 21, 2014 at 00:51 | Source: FirstPost

MUMBAI (Reuters) - The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp(ONGC.NS).The falls ended a six-...

North Korea calls John Kerry 'a wolf with a hideous lantern jaw'

Aug 20, 2014 at 14:55 | Source: FirstPost

Seoul: In its latest personal attack on a prominent official from a rival country, North Korea on todaycalled US Secretary of State John Kerry a wolf with a "hideous lantern jaw."North Korea has unleashed a slew of crude insults against lea...

Crude fuels diesel decontrol hope

Aug 20, 2014 at 04:22 | Source: Calcutta Telegraph News

New Delhi, Aug. 19: The softening of global crude prices to about $100 per barrel will help the government cut the oil subsidy bill and deregulate diesel prices. According to petroleum ministry estimates, the oil subsidy can be trimmed around Rs 6,0...

China media: Miners arrested

Aug 19, 2014 at 23:01 | Source: BBC

The arrest of 124 suspected Chinese illegal miners in Accra, Ghana, is getting front-page coverage in China's newspapers. Ghanaian authorities introduced a ban in April on Chinese engaging in illegal gold mining in the central region of Ashanti,...

Five reasons Sensex, Nifty made fresh highs today

Aug 19, 2014 at 13:27 | Source: Economic Times

The Indian stock markets made fresh life highs today. The new life high for Sensex is 26,413.11; and that for Nifty is 7880.50. The 30-stock Sensex closed the day at 26,390.96; up 287.73 points. The broader 50-stock Nifty ended the day at 7,874.25; u...

Sensex, Nifty touch new highs

Aug 19, 2014 at 05:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 18: Prime Minister’s first Independence Day speech may have fallen short of big-bang reforms but it was enough to fire up the markets today. Opening after a long weekend, Modi’s pledge to improve governance and boost manufac...

Liberia hunts escaped Ebola victims as WHO calls for controls

Aug 19, 2014 at 02:30 | Source: FirstPost

MONROVIA/GENEVA (Reuters) - Liberia struggled on Monday to track down 17 suspected Ebola carriers who fled quarantine at the weekend, while the U.N. health agency urged affected West African nations to screen all departures in a bid to contain the wo...

Adrian Mowat: India to outperform other EMs in 2014; remain overweight

Aug 18, 2014 at 14:02 | Source: Economic Times

NEW DELHI: Expressing optimism on Indian markets, Adrian Mowat of JP Morgan said that India is likely to outperform most Emerging Markets (EMs) in 2014. "I expect EMs to give 10% returns in 2014. I remain overweight on India and recommend a large ex...

FII flows may surpass 2012's record $24 billion: Market analysts

Aug 18, 2014 at 04:52 | Source: Economic Times

Foreign portfolio investments in India this year may well surpass the $24-billion recorded in 2012, market strategists based in the United States and Asia-Pacific say, even as the indices are hovering around record levels, holdings of foreign institu...

FII flows may surpass 2012's record $24 billion: Market strategists

Aug 18, 2014 at 04:17 | Source: Economic Times

Foreign portfolio investments in India this year may well surpass the $24-billion recorded in 2012, market strategists based in the United States and Asia-Pacific say, even as the indices are hovering around record levels, holdings of foreign institu...

Markets may take cues from global factors this week: Experts

Aug 18, 2014 at 04:17 | Source: Economic Times

NEW DELHI: In the absence of any major domestic trigger, stock markets are likely to take cues from global factors amid geopolitical concerns in Iraq and Ukraine this week, say experts. Besides, trend in investment by overseas investors, movement of ...

Inflation dips to 5-month low; monsoon still a concern

Aug 14, 2014 at 16:49 | Source: FirstPost

New Delhi: Inflation declined to a 5-month low of 5.19 percent in July on account of decline in vegetable prices, though the impact of poor monsoon on overall price situation continues to be a concern.The Wholesale Price Index based inflation was at ...

ISIL's latest economic weapon in Iraq: Controlling wheat supplies

Aug 14, 2014 at 09:19 | Source: FirstPost

By Maggie Fick and Maha El Dahan/ReutersBaghdad/Abu Dhabi: After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon--wheat supplies.Fi...

ONGC profit up 19%

Aug 14, 2014 at 04:07 | Source: Calcutta Telegraph News

New Delhi, Aug. 13: ONGC has posted a 19 per cent rise in net profit for the first quarter ended June at Rs 4,782 crore, overcoming higher subsidies and exploration-related write-offs. Net profit stood at Rs 4,016 crore in the corresponding period o...

EXCLUSIVE - Islamic State militants grab new weapon - Iraqi wheat

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

BAGHDAD/ABU DHABI (Reuters) - After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon wheat supplies.Fighters from the Islamic State...

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