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India fastest growing economy despite four droughts
New Delhi, Jan 2: India has emerged as the world's fastest growing economy despite a global economic slowdown and four droughts, the government's Chief Economic Adviser Arvind Subramanian said on Friday.
"Despite declining global demand…
How Big Data is changing the Business Landscape
Big Data is increasingly being used by prominent companies to outpace the competition. Be it established companies or start-ups, they are embracing data-focussed strategies to outpace the competition.
In healthcare, clinical data can be…
Dharmendra Pradhan launches LPG Emergency Helpline Number 1906
New Delhi, Jan 1: Minister of State (Independent Charge) for Petroleum & Natural Gas Shri Dharmendra Pradhan launched round the clock LPG emergency helpline number 1906 on Friday here. The emergency number is launched to provide…
World Bank gives $50 mn loan for training Minority Youth
New Delhi, Jan 1: The World Bank on Friday signed a credit agreement of $50 million with India for education and skill training for minorities in the country.
"A financing agreement for IDA (International Development Association) credit…
Nepal to buy 90 MW more Power from India
Kathmandu, Jan 1: Reeling under inordinately long power cuts, Nepal will buy 90 MW of electricity from India by the end of January, an official here said on Friday. Nepal, facing 11 hours of power cuts daily, is at present importing 235 MW…
Short-covering buoys markets, BSE Sensex gains 31 Points
Mumbai, Jan 1: Short-coverings, coupled with hopes for monetary easing by the Reserve Bank of India (RBI) buoyed Indian equity markets on Friday.
This led to a barometer index of the Indian equity markets to provisionally close the day's…
Non-subsidised LPG rates hiked, jet fuel cut
New Delhi, Jan 1: State run-Indian Oil Corp (IOC) hiked prices of non-subsidised LPG, or cooking gas, cylinders by around Rs.50, effective from Friday.
Allowing for local levies, the market price of a non-subsidised liquefied petroleum…
Maruti Suzuki’s December sales up 8.5 Percent
Mumbai, Jan 1: Leading passenger automobile manufacturer Maruti Suzuki on Friday reported an 8.5 percent rise in its total sales for last month.
The company sold 119,149 units during the month under review - up from an off-take of…
India renegotiates gas price with Qatar, saves Rs.16,000 crore
New Delhi, Jan 1: In a major renegotiation of a long term gas purchase agreement with Qatar sealed on Thursday, India has effected foreign exchange saving on import of upto Rs.16,000 crore ($2.5 billion) , Petroleum Minister Dharmendra…
PAN to be mandatory for transactions above Rs.2 lakh
New Delhi, Jan 1: In yet another bid to curb generation of black money, quoting of the income tax Permanent Account Number (PAN) would be mandatory for cash transactions above Rs.2 lakh from January 1, 2016.
"The government received…