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World Bank predicts India’s GDP grow at 7.5% in 2015-16
Washington, Oct 5: Improved investor sentiment and resilience to external shocks are expected to increase India's GDP growth rate to 7.5 percent during 2015-16 and further to 7.8 percent in the next fiscal year, predicts the World Bank.…
Rating Agency Moody’s says Gas Price cut will impact Investment
New Delhi, Oct 5: Another global ratings agency Moody's has said the sharp hike in natural gas prices notified by the Indian government will not only impact the state-run Oil and Natural as Corp (ONGC) the most, but also discourage new…
Global Poverty Rate to fall below 10 Percent: World Bank
Washington, Oct 5: The number of people living in extreme poverty around the world is likely to fall to below 10 percent of the global population in 2015, according to a forecast released by the World Bank on Sunday.
The forecast used a…
BSE Sensex surges 288 Points in Early Trade
Mumbai, Oct 5: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday surged 288.52 points or 1.10 percent during the morning session. The wider 50-scrip Nifty of the National Stock Exchange (NSE)…
UBI, Indian Bank, Syndicate Bank and Karur Vysya Bank cut lending Rates
Kolkata, Oct 3: Following lending rate cuts from major banks across the country, state-run Union Bank of India (UBI), Indian Bank and Syndicate Bank and private Karur Vysya Bank on Saturday too cut their lending rates.
While UBI revised…
HDFC raises Rs.10,000 crore through NCD, Warrants
New Delhi, Oct 3: Housing Development Finance Corporation Ltd. said on Saturday it has raised Rs.10,000 crore employing a mixture of non-convertible debentures (NCD) and warrants to qualified institutional investors.
In a regulatory…
Monetary easing, rising Rupee, Tax resolutions strengthen Markets
Mumbai, Oct 3: A massive monetary easing, coupled with a major resolution of tax disputes and the strengthening rupee value buoyed the Indian equity markets in the just-concluded weekly trade.
However, a substantial portion of gains were…
Indian e-commerce Market to grow 36 Percent in 2015-20
Kolkata, Oct 2: Backed by huge discounts and the rising use of smartphones, the Indian e-commerce market is poised to grow 36 percent during the 2015-20, a new report has said.
According to a recent report from Canada based TechSci…
Google, Microsoft end 18 Patent Litigations
Los Angeles, Oct 2:Technology giants Google and Microsoft have agreed to drop 18 patent lawsuits between the two companies in the US and Germany, the media reported.
The agreement brings an end to legal battles over the use of technology…
Toyota’s January to September sales up 11 Percent
New Delhi, Oct 2: Toyota Kirloskar Motors announced on Thursday it recorded 11 percent sales growth from January to September 2015 with the sale of 1,06,717 cars compared to 96,307 cars for the corresponding period in 2014.
It attributed…