US stocks rally to new record highs after the Fed action, which marks the beginning of the end of five years of its easy-money policy, aimed at helping the world's largest economy recover from the devastating recession.
Projecting a growth rate of about 6% in 2014-15, finance minister P Chidambaram on Friday said that the government will liberalise capital markets and the financial sector in the next six months to ensure that the economy returns to the high-growth trajectory.
A normal June-September monsoon, as is expected, could be crucial for the UPA government ahead of a general election in 2014, helping it focus on growth, while curbing inflation and keeping its borrowings under check.
Premium fuels including petrol and diesel, which can increase the efficiency (mileage) of your car by up to 2%, may soon turn affordable.
India’s economic slowdown, which led to a drop in hiring in the last two years, has hit recruitment firms hard.The ones that helped you get jobs are now looking for jobs themselves.
Global consultancy firm Ernst & Young (EY) has said that India is the most attractive investment destination, ahead of China and the US, after the government recently relaxed the policy on foreign investment.
Personal invitations are being extended to top ministers across the world to visit India along with their business community. Bilateral communications are also being made with cash-rich Gulf nations to attract investments into India’s infrastructure projects.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4% from 3.3% in the previous fiscal, think tank OECD said today.
The biggest producer countries, led by Saudi Arabia, have blamed speculation for the extent of a rally that has seen oil prices double over the last 12 months.
After the government cracked down on steelmakers asking them to rein in prices, the industry agreed to cut prices by up to 10 pc and also discourage exports, reports HT Correspondent.
India expects to finalise a deal “by next month” on a pipeline that will transport gas across the subcontinent from Iran, Petroleum Minister Murli Deora said.
The RBI governor has said that volatile prices of food and commodity prices have pushed inflation higher and the most urgent priority for central bankers is to calm nerves on inflation.
The Central Board of Trustees deferred the decision on the interest rate on Employment Provident Fund (EPF) accounts for the year 2007-08.
US President George W Bush left Washington for the G8 meeting in Japan, where he aims to highlight Africa's battles against hunger and deadly diseases and assuage Japanese on his North Korea policy.
Faced with falling revenues and circulation, American papers are now outsourcing their work of page layout and designing to Indian firms. Robbie Corey-Boulet reports.