ECONOMY & NATION


IANS 20 January 2016
Tokyo : Tokyo stocks tumbled on Wednesday as the ongoing downtrend in oil prices coupled with concerns for the outlook of the global economy contributed to a dire market mood.   The 225-issue Nikkei Stock Average lost 367.04 points, or 2.15 percent, from Tuesday to 16,681.33, while...

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IANS 20 January 2016
Mumbai : Exactly a month after Facebook allowed live streaming of commercial events, Reliance Industries on Tuesday took to the social networking site to announce its results for the third quarter of this financial year. Company officials said it was among the first such live posts in...

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IANS 20 January 2016
Washington : Growing at the fastest pace, India is projected to grow at 7.5 percent in 2016 and 2017 fiscal as China slows to 6.3 percent in 2016 and 6.0 percent in 2017, according to the IMF.   The slower pace of China's growth primarily reflects weaker investment growth as the...

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Over the years, the RBI has changed its stance and now acknowledges possibilities for blockchain technology   On 24 December 2013, RBI officially warned the public about the potential financial, operational, legal, customer protection and security-related risks they are exposing...

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IANS 19 January 2016
Mumbai, Weak demand and high debt continue to pull down the credit profiles of Indian companies in an overall context of lacklustre economic conditions in the country, ratings agency Standard & Poor's (S&P) said on Tuesday.   "Companies still face anaemic demand and lower capacity...

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Moneylife Digital Team 19 January 2016
While the miss is due to lower than expected GDP, the absolute fiscal deficit is seen close to the budgeted figure at around Rs5.56 lakh crore, which is a rise of 8.5%, says India Ratings & Research    The Indian government is likely to miss its FY2016 fiscal deficit mainly due to...

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IANS 19 January 2016
Beijing, China's economy grew 6.9 percent year-on-year in 2015, the slowest annual expansion in a quarter of a century, according to the data from the National Bureau of Statistics (NBS) released on Tuesday.   Growth in the fourth quarter came in at 6.8 percent year-on-year, the...

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Moneylife Digital Team 18 January 2016
The benefits for startup India includes self-certification and a three-year exemption from inspections, an online portal and mobile app, an 80% in the patent application fee and a single-point hub for hand-holding   Prime Minister Narendra Modi on Saturday launched the "Start-Up India...

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IANS 18 January 2016
With the lifting of nuclear sanctions on Iran, the prospects for India as a consumer of oil, prices of which are in free fall towards levels of less than $20 a barrel, look rosy in the near term, says an expert.   "From a supply point of view, cheaper oil is good for emerging markets...

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IANS 18 January 2016
India's merchandise exports fell for the 13th straight month in December and were valued at $22.29 billion against $26.15 billion in the like month in the previous year, as per official trade data released on Monday.   Imports also fell during the month by 3.88 percent to $33.96...

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IANS 18 January 2016
The pact for trading involves a change in spectrum allotment from the Anil Ambani-led Reliance Communications to Mukesh Ambani-led Reliance Jio over nine circles and that for sharing between the two companies covers 17 circles, the two entities said   The communications services...

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IANS 18 January 2016
A total of 85 enterprises working with hazardous chemicals in the area were closed or relocated after safety checks concluded   A total of 583 chemical works were tallied during district security check in Binhai new area of China's Tianjin municipality which will be closed or...

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RBI governor’s New Year missive to RBI staff promises radical change, but the odds seem to be stacked against him   “It has often been said that India is a weak State. Not only are we accused of not having the administrative capacity of ferreting out wrongdoing, we do not punish the...

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Moneylife Digital Team 15 January 2016
Banks are asked by RBI to start sharing SHG data with credit bureaus. This move will put a check on overleveraging and borrowings by individuals from multiple sources and can possibly strain the asset quality of a few NBFC-MFIs, says a report   The Reserve Bank of India (RBI) has...

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IANS 15 January 2016
New Delhi : A court here on Thursday settled a cheating case against Unitech officials after the complainants said they have received payment and did not want to pursue the matter further.   Additional Chief Metropolitan Magistrate Gaurav Rao observed that the complainants settled the...

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IANS 15 January 2016
New Delhi : The overall Indian retail market has the potential to grow from $630 billion in 2015 to $1,100-1,200 billion by 2020, indicates a CII-BCG report on retail industry.   "Organized retail and ecommerce will grow rapidly to be $140-160 billion and $45-50 billion respectively...

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IANS 15 January 2016
Bengaluru : Spending by global enterprises on information technology (IT) in 2016 would be same as in 2015 or less due to global uncertainty, a senior Infosys executive said on Thursday.   "IT budgets for this year (2016) are yet to be finalised. As global uncertainty continues, we...

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IANS 15 January 2016
Bengaluru : Global software major Infosys Ltd on Thursday appointed noted investment manager Punita Kumar Sinha, wife of union Minister of State for Finance Jayant Sinha, as an independent director on its board.   In a regulatory filing to the Bombay Stock Exchange (BSE), the IT...

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Ram Bimani 14 January 2016
Low commodity prices weigh in on many sectors   The last one year has been challenging for equities in India. The benchmark Sensex has declined by around 7% to around 24,934 on 8 January 2016 from a level of around 26,900 on 7 January 2015. However, times have been far more difficult...

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IANS 14 January 2016
New Delhi : With food items, notably pulses and onions, continuing to remain dear, India's annual wholesale inflation rate moved up further to (-)0.73 percent for December, against (-)1.99 percent for the month before, official data showed on Thursday.   This was the fourth straight...

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