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Jaya slams petrol price hike, demands revision of price fixation policy

May 01, 2015 at 14:41 | Source: FirstPost

Chennai: Slamming the recent hike in prices of petrol and diesel, AIADMK General Secretary J Jayalalithaa on Friday demanded revision of the price fixation policy for petroleum products."The increase in prices of petrol and diesel effected by Oi...

Asia FX sentiment bullish for first time in six months - Reuters poll| Reuters

May 01, 2015 at 01:30 | Source: FirstPost

SINGAPORE (Reuters) - Sentiment toward most emerging Asian currencies turned bullish for the first time in six months in recent weeks, a Reuters poll showed on Thursday, amid views that the U.S. Federal Reserve may wait longer before starting to rais...

Wipro promotes Premji heir apparent to board| Reuters

Apr 21, 2015 at 23:45 | Source: FirstPost

BENGALURU (Reuters) - Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.Risha...

Reuters poll - Asia FX sentiment improves further, bearish Sing dlr bets lowest in six months| Reuters

Apr 17, 2015 at 00:49 | Source: FirstPost

SINGAPORE (Reuters) - Sentiment towards emerging Asian currencies has improved further over the past two weeks with the Singapore dollar's short positions at the lowest in nearly six months, a Reuters poll showed, supported by expectations of a delay...

Iran Nuclear deal, Yemen evacuation will allow India to project power in region

Apr 10, 2015 at 13:30 | Source: FirstPost

The apparent rapprochement between the US and Iran is historic. After the 1979 overthrow of the Shah, this is the first time Iran has reached a semblance of normalcy and that is something positive: Iran is too large a power, and has too great a sense...

PM's three-nation tour: Modi aims to shop for nuclear power in France and Canada

Apr 10, 2015 at 13:20 | Source: FirstPost

New Delhi: Prime Minister Narendra Modi aims to advance the purchase of massive nuclear reactors and fuel from France and Canada to power a resurgent economy, overriding domestic opposition and concerns over liability laws as he embarks on a foreign ...

Iran N-deal, Yemen evacuation will allow India to project power in region

Apr 10, 2015 at 12:53 | Source: FirstPost

The apparent rapprochement between the US and Iran is historic. After the 1979 overthrow of the Shah, this is the first time Iran has reached a semblance of normalcy and that is something positive: Iran is too large a power, and has too great a sense...

The Western Deep State's assault on India - and what to do about it

Apr 01, 2015 at 14:00 | Source: FirstPost

This piece is a continuation of an earlier piece on the deep western state and Indias possible inclusion in a new American, or more generally, western-sponsored axis of evil. Events have overtaken us since the first piece was written, and India has m...

India's top three mobile phone operators spend $13.6 billion in airwaves auction

Mar 27, 2015 at 02:30 | Source: FirstPost

MUMBAI/NEW DELHI (Reuters) - India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's sec...

Markets collapse on geopolitical worries, Sensex tanks 654 points

Mar 26, 2015 at 19:31 | Source: FirstPost

Mumbai: Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58.Across-the-board selling on the last day of monthl...

India now better prepared for external shocks, says IMF's Christine Lagarde

Mar 16, 2015 at 10:33 | Source: FirstPost

India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the US Federal Reserve.The F...

Thank Chidu, Rajan? India now better prepared for external shocks, says IMF's Lagarde

Mar 16, 2015 at 09:53 | Source: FirstPost

India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the US Federal Reserve.The F...

Exports fall for third straight month

Mar 14, 2015 at 00:45 | Source: FirstPost

NEW DELHI (Reuters) - Exports fell for a third straight month in February, underscoring a risk to the economic growth, as a steep decline in shipments to major markets such as the European Union suggested orders falling for Indian factories.Weak glob...

Modi's budget slashes environmental funding for India

Mar 13, 2015 at 03:30 | Source: FirstPost

NEW DELHI (Thomson Reuters Foundation) - Environmentalists in India have expressed alarm over the new budget of the government of Prime Minister Narendra Modi, which they say heralds substantial cuts in environmental programmes and fails to address t...

RBI to hold rates on April 7, ease gradually after that: Reuters poll

Mar 10, 2015 at 04:30 | Source: FirstPost

BENGALURU (Reuters) - The Reserve Bank of India (RBI) will lower interest rates further over the coming year but only gradually, wary that subdued inflation may pick up again, according to economists polled by Reuters, who gave only a one-in-three ch...

Reuters Poll - Rupee to depreciate marginally, yuan to rise a little

Mar 06, 2015 at 20:45 | Source: FirstPost

REUTERS - The Chinese yuan will likely rise only slightly over the coming year as broad dollar strength, the threat of deflation and weak economic growth raises the chance of further stimulus from the central bank, a Reuters poll showed.The poll also...

Reuters Poll - Yuan short positions near 5-year high, Asia FX sentiment worsens

Mar 05, 2015 at 14:30 | Source: FirstPost

SINGAPORE (Reuters) - Short positions on China's yuan hit a near five-year high in the last two weeks as the central bank cut interest rates, adding to a flurry of regional policy easing which is dampening sentiment toward most emerging Asian currenc...

Jaitley allocates 331.5 bln rupees for health sector

Mar 01, 2015 at 03:30 | Source: FirstPost

NEW DELHI (Reuters) - India will allocate 331.5 billion Indian rupees ($5.38 billion) to the country's health sector, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget. ($1 = 61.6489 rupees) (Reporting ...

India aims to invest $137 billion in railways in next 5 years

Feb 27, 2015 at 00:45 | Source: FirstPost

NEW DELHI (Reuters) - The government unveiled plans on Thursday to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock fas...

India to embark on rail investment splurge thanks to cheap oil

Feb 26, 2015 at 03:15 | Source: FirstPost

NEW DELHI (Reuters) - India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion, funded solely by falling fuel costs, according to officials familiar with a railway budget set to be unveil...

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