Marginal relief: Petrol price cut by 31 paise/litre, diesel by 71 paise
Jul 01, 2015 at 08:00 | Source:
New Delhi: Petrol prices were on Tuesday cut by 31 paise per litre and diesel by 71 paise a litre in line with fall in international oil rates and rupee appreciation.The cut in petrol prices comes on back of three successive increases since May, whil...
ECBs, NRI deposits push external debt to $475.8 bn
Jun 30, 2015 at 20:23 | Source:
Mumbai: India's total external debt rose by $29.5 billion, or 6.6 percent, to $475.8 billion during 2014-15 fiscal, mainly due to increase in external commercial borrowings and NRI deposits.However, as percentage of the Gross Domestic Product (GDP), ...
L&T sees profits drop 27 percent | Reuters
May 30, 2015 at 16:30 | Source:
NEW DELHI Industrial group Larsen & Toubro (LART.NS) reported a 27 percent dip in net profit for the three months to end of March, as a fall in oil prices and challenges in some international projects hurt business.The company posted a profit of ...
Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters
May 15, 2015 at 03:15 | Source:
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...
Pound jumps after Britain's Conservatives lead election
May 08, 2015 at 12:17 | Source:
The British pound jumped on Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report later in the day.In Tokyo afternoon trade, sterling fetched $...
Wipro promotes Premji heir apparent to board| Reuters
Apr 21, 2015 at 23:45 | Source:
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...
Iran N-deal, Yemen evacuation will allow India to project power in region
Apr 10, 2015 at 12:53 | Source:
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:
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...
Markets collapse on geopolitical worries, Sensex tanks 654 points
Mar 26, 2015 at 19:31 | Source:
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 raises record $17.6 billion from telecom airwaves auction
Mar 25, 2015 at 23:15 | Source:
MUMBAI (Reuters) - India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, telecoms minister Ravi Shankar Prasad said on Wednesday.Prasad said the government r...
Exports fall for third straight month
Mar 14, 2015 at 00:45 | Source:
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...