ECONOMY & NATION


IANS 02 February 2016
This follows decline in international prices of crude oil and petroleum products   Under-recoveries from kerosene sold through the public distribution system (PDS) would be Rs.5.11 per litre for February as against Rs.9.16 in January following decline in international prices of crude...

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IANS 01 February 2016
New Delhi : While state-run oil firms have revised the price of transport fuels from Monday in their fornightly price revision, Indian consumers have been deprived of the latest benefit of falling global crude oil prices owing to hike in excise duty on petrol and diesel on...

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Moneylife Digital Team 01 February 2016
The central bank is likely to monitor the targets and consider the rationale of any adjustments and thus would wait for the signals from the Budget, says DBS report   The Reserve Bank of India, which will announce its monetary policy on Tuesday, is most likely to keep the key rates on...

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IANS 01 February 2016
New Delhi : India's manufacturing activity registered acceleration in January, Nikkei's Purchasing Managers Index (PMI) data showed on Monday.   As per the monthly Purchasing Managers Index (PMI) survey conducted by Nikkei and market intelligence firm Markit, India's PMI rose from...

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IANS 01 February 2016
Tokyo : Japanese automobile giant Toyota on Monday announced it will suspend production in all its domestic assembly plants in the country for one week, after an explosion at a steel factory created a shortage of car parts.   The company said it will stop operations from February 8 to...

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IANS 01 February 2016
Washington, With an improvement of 1.6 points in its overall score, India was ranked 123rd in 2016 Index of Economic Freedom released by conservative US think tank Heritage Foundation here Monday.   Though still rated as "mostly unfree", India with a score of 56.2 out of 100 was among...

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IANS 29 January 2016
The Rs350 crore revenue group operates 60 eye hospitals in India, Africa and Cambodia   Eye care hospital chain group Dr. Agarwal's will be expanding its network in India, Africa, Middle East and southeast Asia with $45 million investment by private equity ADV Partners, said a senior...

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IANS 28 January 2016
New Delhi : The CBI on Thursday registered a case against two directors of a Gujarat-based private firm for allegedly causing a loss of Rs.374.49 crore to Bank of Baroda during 2014-15.   Sleuths of the Central Bureau of Investigation (CBI) also conducted raids at three places -- two...

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IANS 28 January 2016
New Delhi : The government has begun awarding road construction contracts following a simplification of procedures in this regard and plans to award a total of 10,000 km of road projects by the end of the current fiscal, Finance Minister Arun Jaitley said on Thursday.   "All...

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IANS 28 January 2016
New Delhi : Nineteen stalled highway projects, some stuck for almost a decade, and involving investment held up of around Rs.40,000 crore, could be resolved following an ongoing stakeholders meeting here, Road Transport and Highways Minister Nitin Gadkari said on Thursday.   "We are...

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IANS 28 January 2016
New Delhi : The government on Wednesday announced a 10 percent purchase preference for local products in all petroleum sector contracts towards boosting the share of domestic manufacture in projects awarded by state-run oil and gas companies.   "Based on discussions within an internal...

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IANS 27 January 2016
Washington/New Delhi : With global crude oil prices in free fall through most of 2015, the World Bank has sharply revised downwards its forecast for oil price in 2016, at an average of $37 a barrel from $51 predicted in October, in the context of the continuing supply glut and low demand...

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Moneylife Digital Team 25 January 2016
Nomura's NRPSI sees the RBI delivering a final 25bp rate cut in its post-budget policy meeting in April 2016. However, an earlier inter-meeting cut cannot be ruled out   Nomura has launched a new index called Nomura RBI Policy Signal Index (NRPSI), which it says quantifies the...

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Moneylife Digital Team 25 January 2016
The Madras High Court last week ordered liquidation of H&M and announced appointment of an official liquidator. The hard-hitting order noted that the company had siphoned off funds, appears unreliable and 'cannot be believed any further'. It has directed an investigation by the serious frauds...

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IANS 25 January 2016
New Delhi : Indian start-up companies saw a 2.3 times increase in number of private equity (PE) or venture capital (VC) funding deals in 2015, which indicated a significant broadening of the sector beyond e-tailing, a recent Jefferies research note said here.   "There was a 2.3x...

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IANS 25 January 2016
New Delhi : With the Republic Day online sale offering some great discounts entering its last phase, the nation's top e-taliers have seen a tremendous response from the customers for mobile phones and other electronic gadgets.   According to Snapdeal, the demand for mobile phones and...

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IANS 25 January 2016
New York : With some of the high-profile executives putting in their papers, Twitter is set for a major overhaul this week under Jack Dorsey, the new CEO of the micro-blogging site, to revive the company's fortune, media reported.   According to a report in the Wall Street Journal,...

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IANS 25 January 2016
New Delhi : President Pranab Mukherjee on Sunday said the growing number of tax disputes in India and the amount involved call for innovative tax litigation management to contribute to further ease of doing business in the country.   "With the development of Indian economy, the direct...

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IANS 25 January 2016
Chennai : Global credit rating agency Moody's Investors Service and its Indian affiliate ICRA Ltd on Monday said their poll said India's economic exposure to external riks has gone up during the past seven months.   In a statement, Moody's said the poll was conducted during Moody's...

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IANS 23 January 2016
New Delhi : In a move designed to reduce tax litigation, the Central Board of Direct Taxes (CBDT) on Friday signed seven more unilateral Advance Pricing Agreements (APAs) with taxpayers.   "This takes the tally of APAs signed so far to 39 (38 unilateral and one bilateral). In the...

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