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China the locomotive of world growth train: Chinese Daily
Beijing, Jan 28: China is the locomotive of the world economic growth train, said a commentary in a state-run Chinese daily that dismissed billionaire investor George Soros' statement that the country is headed for a hard landing. Soros…
India among 10 largest IMF members with historic reforms
Washington, Jan 28: The International Monetary Fund's historic quota and governance reforms that for the first time place four emerging market countries - Brazil, China, India, and Russia - among its 10 largest members have become…
1.5 lakh MCD workers go on strike, HC issues notice
New Delhi, Jan 28: Over 1.5 lakh workers of Delhi's three main civic bodies went on a three-day strike on Wednesday over non-payment of salary -- a development that could cripple essential services like sanitation in the national capital.…
World Bank cuts 2016 oil forecast, Indian basket at 14-year low
Washington/New Delhi, Jan 28: Even as the World Bank revised sharply downwards its oil price forecast for 2016 to an average of $37 a barrel -- from $51 predicted in October -- in context of the continuing supply glut and low demand…
Derivatives expiry subdues markets, BSE Sensex trades flat
Mumbai, Jan 28: Upcoming derivatives expiry, coupled with caution over chances of an interest rate hike in the US, subdued Indian equity markets during early hours of trade on Thursday.
This led to a barometer index of the Indian equity…
India is world’s largest rice exporter
Bangkok, Jan 27: India was the world's largest rice exporter in 2015, with 10.2 million tonnes sold in the global market.
Thailand came second with 9.8 million tonnes, down from 10.9 million tonnes in 2014, Xinhua quoted Thai Rice…
Nepal, India propose to build six power corridors
Kathmandu, Jan 27: Nepal and India propose to construct at least six cross-border power corridors to ensure trading in energy between the two close neighbours on a long-term basis. These 400-kV lines will be constructed on the…
Twitter curtails ad pop-ups for its VIP users
New York, Jan 27: Micro-blogging website Twitter has stopped, or significantly reduced, the number of ads it displays, in a bid to ensure its "VIP" users stay engaged with the service.
Playing around with the idea since September, the…
Toyota remains world’s top-selling automaker in 2015
Tokyo, Jan 27: Japanese automaker Toyota Motor Corp. sold over 10 million units worldwide in 2015 and the sale, beating Volkswagen and General Motors, earned the giant carmaker the world's top car-seller spot for the fourth straight year,…
Key Indian share market indices open higher
Mumbai, Jan 27: A significant jump in global crude oil prices and positive cues from Asia markets, save China, helped key Indian equity indices open in the green on Wednesday, after a trading holiday the day before on account of the…