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China June industrial profits fall 0.3 pct y/y | Reuters

Jul 28, 2015 at 03:45 | Source: FirstPost

BEIJING Chinese industrial profits, which rose on an annual basis in April and May, dropped in June, adding to pressures on a economy that is struggling to regain momentum.Profit at China's industrial firms dropped 0.3 percent in June from a year ear...

Iran's top diplomat begins tour of Arab neighbor states

Jul 27, 2015 at 07:32 | Source: FirstPost

Kuwait:Iran's top diplomat began a three-nation regional tour on Sunday aimed at deepening ties with Arab neighbors following the conclusion of the Islamic Republic's historic nuclear deal with world powers.Saudi Arabia and other Sunni-ruled Arab sta...

Indian Oil, Reliance Industries among seven Indian firms in Fortune Global 500 list

Jul 23, 2015 at 17:11 | Source: FirstPost

New York: Seven Indian companies, including Reliance Industries and Tata Motors, are among the world's 500 largest companies, according to a list compiled by Fortune that has been topped by retail giant Walmart.The Indian companies on the 2015 Fortun...

Oil service firms jostle for India orders amid global spending cuts| Reuters

Jul 09, 2015 at 03:30 | Source: FirstPost

SINGAPORE/NEW DELHI Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices that has driven most countries to slash spending on explorat...

Pope's 'homecoming' tour moves from Ecuador to Bolivia| Reuters

Jul 09, 2015 at 00:31 | Source: FirstPost

QUITO Pope Francis showed his sense of humour during the last few hours of his trip to Ecuador on Wednesday, straying from a prepared speech to joke with people who came to see him at a shrine near the highland capital Quito."I have a prepared s...

Wall Street drops as China hits commodities, Greece crisis drags| Reuters

Jul 07, 2015 at 23:30 | Source: FirstPost

REUTERS - U.S. stocks fell more than 1 percent on Tuesday, with the S&P 500 index trading below a key technical mark, as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of...

Pope's South American trip - defending the poor and the planet| Reuters

Jul 03, 2015 at 00:46 | Source: FirstPost

VATICAN CITY Pope Francis sets out on Sunday to three of South America's poorest and smallest countries, taking his message of solidarity with the downtrodden to prisoners, peasants, garbage pickers and indigenous people.The July 5-13 trip to Ecuador...

Sensex crosses 28000: 4 reasons why investors are buying despite

Jul 01, 2015 at 12:44 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Sensex crosses 28,000: 4 reasons why investors are buying despite Greek default

Jul 01, 2015 at 11:31 | Source: FirstPost

Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...

Cult of personality: Turkmen leader gets park tribute on birthday| Reuters

Jun 30, 2015 at 02:31 | Source: FirstPost

ASHGABAT Turkmenistan, which rights groups view as one of the most repressive countries in the world, celebrated President Kurbanguly Berdymukhamedov's 58th birthday on Monday by opening a park in the capital Ashgabat bearing his name.It was the late...

Pakistan likely to sign USD 2 billion LNG pipeline deal with Russia

Jun 29, 2015 at 14:41 | Source: FirstPost

Islamabad: Energy-starved Pakistan is likely to sign a USD 2 billion deal with Russia for laying a Liquefied Natural Gas (LNG) pipeline from Karachi to Lahore, a sign of increasing ties between the Cold War-era adversaries.The deal is expected to be ...

India to auction oil and gas blocks this fiscal, says Dharmendra Pradhan

Jun 26, 2015 at 21:47 | Source: FirstPost

Hyderabad: The next round of auction of oil and gas blocks under the New Exploration Licensing Policy (NELP) will be held by the end of 2015-16 fiscal, Petroleum and Natural Gas Minister Dharmendra Pradhan said today.The minister also said that the g...

Wall Street opens higher on Greek deal hopes| Reuters

Jun 23, 2015 at 00:30 | Source: FirstPost

Wall Street opened higher on Monday, with the Nasdaq Composite index hitting a new record high, after optimism grew that Greece may be able to strike a last-minute deal with its international creditors to avert a default.Nasdaq touched a high of 5,15...

Wall Street up on Greece hopes, M&A chatter| Reuters

Jun 22, 2015 at 23:30 | Source: FirstPost

U.S. stocks were higher in early afternoon trading on Monday, helped by a surge in M&A chatter, particularly in the healthcare sector, and on hopes that a deal was nearer to avert a looming crisis in Greece. The Nasdaq Composite index rose to a r...

Rajasthan oil block: ONGC supports Cairn India's proposal for term extension

Jun 18, 2015 at 14:52 | Source: FirstPost

New Delhi: As a shot in the arm for Cairn India, its partner Oil and Natural Gas Corp (ONGC) has asked the government to extend the tenure of prolific Rajasthan oil block by 10 years without any changes in terms and conditions.Cairn, which holds 30 p...

Tropical Depression Bill soaks Texas, kills one, brings flood worries| Reuters

Jun 18, 2015 at 00:46 | Source: FirstPost

AUSTIN, Texas Tropical Depression Bill drenched large parts of Texas on Wednesday, turning streets into lakes, raising flood worries and killing at least one person in the state where severe weather killed about 30 people last month.There were scores...

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Jun 16, 2015 at 19:52 | Source: FirstPost

New Delhi: The government plans to sell three percent stake in Bharat Petroleum Corp Ltd, the nation's second largest state oil firm, this fiscal to raise around Rs 1,800 crore.The finance ministry has moved a cabinet note for inter-ministerial consu...

Reliance Industries seeks freedom to fix gas prices, says talks with govt constructive

Jun 12, 2015 at 20:57 | Source: FirstPost

Mumbai: In his first direct comments on regulatory challenges faced by oil and gas business, billionaire Mukesh Ambani today said the contractual commitment of marketing and pricing freedom for natural gas, along with risk-reward balance, must be met...

Reliance Industries to complete Rs 2 lakh cr worth projects; 4G launch by December

Jun 12, 2015 at 19:37 | Source: FirstPost

Mumbai: Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by December, while it plans to complete projects worth over Rs 2 lakh crore in existing and new businesses over the next 12-18 months, chairman Mukes...

CS Verma steps down as SAIL CMD, steel secretary Rakesh Singh takes charge

Jun 11, 2015 at 20:27 | Source: FirstPost

New Delhi: State-owned SAIL today said CS Verma has relinquished the charge as chairman and managing director on completion of his tenure and steel secretary Rakesh Singh has assumed the charge till a regular incumbent is appointed.Verma was appointe...

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