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Tomar hails Nalco’s Performance despite Economic Slowdown
“Despite the vagaries of international market, Nalco’s consistent performance – both in terms of productivity and profitability is commendable,” said Shri Narendra Singh Tomar, Union Minister of Steel and Mines. He was addressing the 36th…
Global Crude Oil Prices slump to US$ 29.24 per bbl
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 29.24 per barrel (bbl) on 7th January, 2016. This was…
Key Indian equity indices trade in positive territory
Mumbai, Jan 8: After ending in the red during successive trading days due mainly to the rout in China, key Indian stock market indices were trading in the positive territory on Friday.
The sensitive index (Sensex) of the Bombay Stock…
India remains global growth champ with 7.8% economy expansion in 2016
United Nations, Jan 8: India remains the global growth champion with its economy set to increase by 7.8 percent in the new year although a World Bank report released Thursday cut it from the 7.9 projected last June.
Overall the bank's…
Chinese stocks dive seven percent, trading halted
Beijing, Jan 7: Trading on the Shanghai and Shenzhen bourses was halted on Thursday after shares tumbled 7 percent within the first 30 minutes of trading, triggering the circuit breaker mechanism.
It was the shortest trading time in…
World Bank cuts 2016 global growth forecast
Washington, Jan 7: The World Bank has cut the global growth forecast for 2016 to 2.9 percent, saying that weak growth among major emerging markets will weigh on the global scenario during the year.
In its Global Economic Prospects Report…
Indian equity markets face fresh bout of nervousness
Mumbai, Jan 7: Key Indian equity indices came under fresh a bout of pressures on Thursday due mainly to geopolitical developments such as the hydrogen bomb test by North Korea and tensions in West Asia, as also weak signals from the US and…
Indian Overseas Bank mulls closure of regional offices
Chennai, Jan 6: City-based Indian Overseas Bank (IOB) is planning to close five regional offices in the country as part of its cost cutting measures, said officials.
The move has drawn the ire of MDMK leader Vaiko.
Speaking on…
Union Cabinet approves closure of three HMT companies
New Delhi/Bengaluru, Jan 6: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the closure of three Hindustan Machine Tools (HMT) companies -- HMT Watches, HMT Chinar Watches and HMT Bearings.
"With a cash assistance…
Run 587 km with Facebook CEO Mark Zuckerberg this year
New York, Jan 6: For those who love to run, here is another reason to do so in New Year. Facebook CEO Mark Zuckerberg has announced a new challenge for his 47 million followers on the social networking site: run.
“I have a physical…