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Comfort clue in number game Current account deficit shrinks

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

Mumbai, Sept. 1: The country’s current account deficit (CAD) narrowed sharply to 1.7 per cent of the gross domestic product (GDP) for the April-June quarter of this fiscal against 4.8 per cent of GDP a year ago. The data added to the cheer spre...

Private firms warm up to fuel retailing

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

New Delhi, Sept. 1: State-run fuel retailers are likely to face competition from private players such as Reliance and Essar with the under-recovery from diesel sales dropping to 8 paise per litre. Under-recovery, or the gap between retail selling pr...

Sensex can hit 28-30K by March next year: Raamdeo Agrawal

Sep 02, 2014 at 09:32 | Source: Economic Times

Raamdeo Agrawal, co-founder and joint MD at Motilal Oswal Financial Services, has set a target of about 30,000 by March, 2015. In an interview with Biswajit Baruah, he talked about the stocks that could outperform. Edited excerpts: After hitting 800...

Libyan parliament reappoints PM as government loses grip on ministries

Sep 02, 2014 at 04:30 | Source: FirstPost

BENGHAZI Libya (Reuters) - Libya's House of Representatives reappointed Prime Minister Abdullah al-Thinni on Monday as the government lost control of ministries in the capital where armed groups have taken over and a separate parliament has claimed l...

Libya's elected parliament asks Abdullah al-Thinni to form new government

Sep 01, 2014 at 17:56 | Source: FirstPost

Benghazi: Libya's elected parliament, the House of Representatives, asked Abdullah al-Thinni on Monday to form new government for the oil-producing country, a parliamentary spokesman said.Thinni, a former defence minister and career soldier, has been...

Rare earths: Neither rare, nor earths

Sep 01, 2014 at 09:32 | Source: BBC

You have probably never heard of most of the rare-earth elements yet they have insinuated themselves deep into the fabric of modern life - in ways of which most of us are completely oblivious. There are between 15 and 17 of them (depending how you cl...

Fuel rate rejig

Aug 31, 2014 at 06:57 | Source: Calcutta Telegraph News

New Delhi, Aug. 30: Petrol prices were cut by Rs 1.80 a litre, excluding taxes, from midnight tonight as global crude rates softened and the rupee appreciated against the dollar. This is the third straight cut in petrol prices. However, diesel price...

Economy well poised to cross six per cent growth this fiscal: ASSOCHAM President

Aug 30, 2014 at 07:02 | Source: Assocham

While we were expecting a pick up and recovery, 5.7 per cent GDP growth in Q1 is certainly above our expectations. It is a great news given the fact the numbers are the best in two years, ASSOCHAM President Mr Rana Kapoor said today. It will only pi...

Deficit at 61.2% of budget estimates

Aug 30, 2014 at 02:57 | Source: Calcutta Telegraph News

New Delhi, Aug. 29: The fiscal deficit during April-July stood at Rs 3.24 lakh crore, or 61.2 per cent of the full-year target. During the first four months of the last fiscal, the deficit, or the gap between government expenditure and revenue, was ...

Top six factors that are taking Indian markets to all-time highs

Aug 29, 2014 at 05:07 | Source: Economic Times

MUMBAI: The Indian benchmark indices on short intervals are hitting all-time high levels. The sentiment among investors has turned bullish and they are expecting the Nifty to rally another 5-10 per cent in the run-up to Diwali. A mix of global and do...

PM Narendra Modi's 100 days: Even one small step a day can bring growth into play

Aug 28, 2014 at 08:27 | Source: Economic Times

Many expected Prime Minister Narendra Modi to follow the radical reform path of other muscular, popular leaders such as Ronald Reagan and Margaret Thatcher. Instead, in his first 100 days, he has opted for incrementalism, with more continuity than ra...

Top five stocks where brokerages have raised ratings in August; see up to 24% upside in 1 year

Aug 27, 2014 at 13:52 | Source: Economic Times

NEW DELHI: The month of August has been a great month for Indian benchmark indices which rose to fresh record highs, supported by robust FII flows, easing geo-political concerns, drop in crude oil prices and robust macro data. The benchmark index Sen...

RBI forecasts 5.5% growth for FY 15; but monsoons, geopolitics may play spoilsport

Aug 22, 2014 at 09:22 | Source: Economic Times

KOLKATA: The Reserve Bank of India (RBI) has said that the Indian economic growth is poised for a take-off amid signs of economic reforms, fiscal consolidation and projected improvement in investments. The central bank forecasts the gross domestic pr...

For embattled Ukraine rebels, no time to honour the dead

Aug 22, 2014 at 00:15 | Source: FirstPost

DONETSK Ukraine (Reuters) - Pro-Moscow rebels in the Ukrainian city of Donetsk are taking such heavy losses in fighting with advancing government troops they no longer have time to give their comrades a proper burial.That task fell instead on Wednesd...

RIL plants to use US feedstock

Aug 21, 2014 at 09:37 | Source: Calcutta Telegraph News

Mumbai, Aug. 20: Reliance Industries’ bet on shale gas exploration in the US is finally paying off. On Tuesday, RIL said it would start importing 1.5 million tonnes a year of ethane from the US from 2016 to feed its gas crackers in India. In a...

Oil Ministry moves to install security cameras in sensitive locations to guard against espionage

Aug 21, 2014 at 09:37 | Source: Economic Times

NEW DELHI: A lower-level functionary of the oil ministry, keen to deliver a copy of a file to a corporate, made a fatal mistake while photocopying the paper: he forgot to remove the original document from the photocopier. This created a stir when an ...

Brent holds near 14-month low on plentiful supply

Aug 21, 2014 at 01:45 | Source: FirstPost

SINGAPORE (Reuters) - Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.The oil benchmark has fallen more than 12 ...

World stocks halt rally, BoE jolts UK markets

Aug 21, 2014 at 01:30 | Source: FirstPost

LONDON (Reuters) - World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rat...

Nifty retreats from record high on profit taking

Aug 21, 2014 at 00:51 | Source: FirstPost

MUMBAI (Reuters) - The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp(ONGC.NS).The falls ended a six-...

Experimental Ebola drugs needed for "up to 30,000 people"

Aug 21, 2014 at 00:34 | Source: FirstPost

LONDON (Reuters) - Up to 30,000 people could have used experimental treatments or vaccines so far in the world's worst outbreak of Ebola currently plaguing West Africa, British scientists said on Wednesday.The calculation highlights the dilemma facin...

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