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Marginal relief: Petrol price cut by 31 paise/litre, diesel by 71 paise

Jul 01, 2015 at 08:00 | Source: FirstPost

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...

With global fall in oil prices, petrol price cut by 31 paise/litre, diesel 71 paise/litre

Jun 30, 2015 at 20:40 | Source: FirstPost

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: FirstPost

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), ...

Larsen & Toubro profit down 27 pct but home market improving | Reuters

May 30, 2015 at 16:45 | Source: FirstPost

NEW DELHI/MUMBAI Industrial group Larsen & Toubro (LART.NS) reported a 27 percent drop in net profit in the three months through March, reflecting a fall in oil prices and a weak investment climate, but said it was more upbeat on prospects in its...

L&T sees profits drop 27 percent | Reuters

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

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 ...

India Inc seeks better pricing, FX relief to sell rupee bonds offshore| Reuters

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

MUMBAI/SINGAPORE India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage ...

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...

Pound jumps after Britain's Conservatives lead election

May 08, 2015 at 12:17 | Source: FirstPost

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 $...

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...

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 raises record $17.6 billion from telecom airwaves auction

Mar 25, 2015 at 23:15 | Source: FirstPost

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...

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...

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