Manufacturing sector growth improves in August: SEBI
The country's manufacturing sector growth improved both in
terms of month-on-month as well as yearly
basis in August, an SBI research report said, adding that mining and electricity are still acting as a drag on the economic activity.
India Sign Pact to Lay Oil Pipeline to Nepal
India today signed an agreement to lay an oil pipeline from
Raxaul in Bihar to Amlekhgunj in
Nepal to
supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.
Oil
Plunges 6% to over 6-yearslow on China Concern
London: Oil prices fell more than 6 per cent to fresh 6-1/2-year
lows on Monday as markets worried about a China-led global economic slowdown
that would drastically hit oil consumption at a time of plentiful supply.
Forex
Reserves Jump $1 Billion to $354 Billion After 2 Weeks of Dips
Mumbai: After declining for two straight weeks, the foreign
exchange reserves rose by a healthy $1.086 billion to touch $354.433 billion
for the week to August 14, led by an increase in foreign currency assets.
India
Inc's Overseas Investment Dips 32% at $1.23 Billion in July
Mumbai: Total investments by Indian firms overseas fell by 32 per
cent to $1.23 billion in July this year over the same month last year,
according to the Reserve Bank of India (RBI) data released today.
Mumbai: Moody's Investors Service cut its forecast for
India's economic growth to around 7 per cent this fiscal year (2015-16) from
7.5 per cent because of lower-than-expected rainfall in the ongoing monsoon
season, the ratings agency said on Tuesday
US
firm to make ACs in Gurgaon, invest 325 crore
NEW YORK/GURGAON: The Haryana
government has signed a deal with leading US-based AC manufacturer, United
Technologies, to invest $50 million (Rs 325 crore) in Gurgaon providing direct
employment to more than 2,000 people
OPINION
Currency Devalution Raises Question On China's Strength: Rajan
Mumbai: Terming devaluation of currencies as a "worrisome
trend", Reserve Bank of India Governor Raghuram Rajan on Thursday said
China's move to devalue its currency and to protect its stock markets raises
questions about the 'true strength' of the world's second largest economy
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