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Indias export fall 14% in April, shadow over 8% growth expectation

May 16, 2015 at 00:30 | Source: FirstPost

New Delhi - India's exports slumped for the fifth straight month in April from a year earlier, dragged down by fall in global demand that has cast a shadow over Prime Minister Narendra Modi's goal of achieving over 8 percent growth in 2015/16 fiscal ...

Opposition offers a quick second jab to Modi govt as petrol, diesel rise twice in May

May 15, 2015 at 20:21 | Source: FirstPost

Even as the first year in office for the NDA government under Prime Minister Narendra Modi is fast coming to an end on 26 May, the path ahead is already signalling to be way tougher. The biggest comfort that the government had in its first year in th...

Brewing storm: Crisis snowballing in rural India as govt response slow, slam experts

May 15, 2015 at 11:45 | Source: FirstPost

Just one year after taking office, Prime Minister Narendra Modi is facing a challenge that could come to haunt him - the farm sector that sustains three-fifths of the population is in deep trouble, and he is being blamed for not doing enough.Promisin...

Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters

May 15, 2015 at 03:15 | Source: FirstPost

Vedanta Resources Plc (VED.L) posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.The company's London-listed shares fell as much as 4 percent early on Thursday b...

Global Markets: Euro at three-month high, bond yields key| Reuters

May 15, 2015 at 02:30 | Source: FirstPost

LONDON The euro hit a three-month high against the dollar on Thursday, drawing further support from a sustained surge in euro zone government bond yields that again kept global stock markets on the defensive.Investors digested figures from the previo...

Tata Steel says to take $785 million non-cash writedown in Q4| Reuters

May 14, 2015 at 23:30 | Source: FirstPost

MUMBAI Tata Steel Ltd (TISC.NS) said on Thursday it expected to take a non-cash writedown of about 50 billion rupees ($785.3 million) in the quarter ended March 31, chiefly relating to its loss-making long products business in the United Kingdom.Tata...

Dollar slips, stocks up slightly after soft U.S. data| Reuters

May 14, 2015 at 01:15 | Source: FirstPost

NEW YORK The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon. The S&P 500 ...

IIP is not as bad as it seems; but revival depends on Jaitley, not Raghuram Rajan

May 13, 2015 at 13:20 | Source: FirstPost

Sometimes, the headlines don't say it all. This is the case with the two index numbers released yesterday (12 May). The Index of Industrial Production (IIP) hit a "five-month low" of 2.1 percent in March from 4.9 percent in February 2015, s...

Gold up 1 percent on weak dollar, shares; eyes on bond yields| Reuters

May 13, 2015 at 01:15 | Source: FirstPost

NEW YORK/LONDON Gold rose up to 1 percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets, although higher real yields kept prices under $1,200 an ounce. Spot gold XAU= touched a session high of $1,196.60...

Raw sugar extends gains to two-month high, NY cocoa surges| Reuters

May 13, 2015 at 00:45 | Source: FirstPost

NEW YORK/LONDON Raw sugar futures on ICE rose to a two-month high on Tuesday, climbing for a sixth straight day on short-covering, while New York cocoa extended strong gains to the highest in nearly seven months, getting support from strength in the ...

El Nino threat looms over Asia, India braces for poor monsoon, bad harvest

May 12, 2015 at 14:59 | Source: FirstPost

Sydney: In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year.A str...

Lee Alan Johnson new head coach for India under-19 football team

May 12, 2015 at 13:42 | Source: FirstPost

New Delhi: Englishman Lee Alan Johnson hasbeen roped in as the Head Coach of India's U-19 football team,the All India Football Federation (AIFF) said on Tuesday.Besides managing the U-19 team, 34-year-old Johnson willact as the Head Scout for the nat...

China becomes world's top crude buyer despite economy stuttering| Reuters

May 12, 2015 at 01:45 | Source: FirstPost

SINGAPORE China overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities ...

Piku review: Amitabh, Irrfan and Deepika make a film as delicious as jhaalmuri

May 11, 2015 at 07:22 | Source: FirstPost

By Gayatri GauriKolkatas jhaalmuri is no ordinary bhelpuri. The flavour is tangy, spicy and mouthwateringly addictive. The secret is the pungent mustard oil. One has to acquire a taste for the texture and the strong smell. Piku (Deepika Padukone) is ...

Piku review: Deepika, Amitabh and Irrfan make a film as delicious as jhaalmuri

May 10, 2015 at 10:31 | Source: FirstPost

By Gayatri GauriKolkatas jhaalmuri is no ordinary bhelpuri. The flavour is tangy, spicy and mouthwateringly addictive. The secret is the pungent mustard oil. One has to acquire a taste for the texture and the strong smell. Piku (Deepika Padukone) is ...

Piku review: Deepika, Irrfan and Bachchan make a film as pungent and delicious as jhaalmuri

May 08, 2015 at 17:25 | Source: FirstPost

By Gayatri GauriKolkatas jhaalmuri is no ordinary bhelpuri. The flavour is tangy, spicy and mouthwateringly addictive. The secret is the pungent mustard oil. One has to acquire a taste for the texture and the strong smell. Piku (Deepika Padukone) is ...

Piku review: Deepika, Bachchan and Irrfan make a film as pungent and delicious as jhaalmuri

May 08, 2015 at 16:18 | Source: FirstPost

By Gayatri GauriKolkatas jhaalmuri is no ordinary bhelpuri. The flavour is tangy, spicy and mouthwateringly addictive. The secret is the pungent mustard oil. One has to acquire a taste for the texture and the strong smell. Piku (Deepika Padukone) is ...

World stocks swept lower as bond rout rocks markets| Reuters

May 08, 2015 at 03:19 | Source: FirstPost

LONDON (Reuters) - World financial markets were unsettled again on Thursday as a week-long sell-off in benchmark government bonds, stocks and the dollar and a race up in oil prices showed little sign of relenting.Nerves were still jangling in Europe ...

Sensex crashes 723 points to 2015 low: Here's 3 reasons why investors are disenchanted with Modi govt

May 07, 2015 at 07:40 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Sensex crashes to 2015 low: 3 reasons why investors are disenchanted with Modi govt

May 07, 2015 at 07:40 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

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