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Service sector activity hits 7-month high in January

General

04 February, 2015

Service sector activity hits 7-month high in January

Services sector in India, which is by far the main contributor to the Indian economy, expanded at the fastest pace ......

Reliance Industries raises $750M from oversubscribed overseas debt issue

Manufacturing

04 February, 2015

Reliance Industries raises $750M from oversubscribed overseas debt issue

Mukesh Ambani-controlled Reliance Industries Ltd has raised $750 million (around RS 4,600 crore) through unsecured notes to global investors in ......

Inflation data for Jan-Feb and Union Budget to lead the way for more rate cuts: experts

General

03 February, 2015

Inflation data for Jan-Feb and Union Budget to lead the way for more rate cuts: experts

Indian central bank RBI's decision to hold on to key policy rate while boosting liquidity met with expected thumbs down ......

RBI to ease pricing norms for securities, hikes personal remittance limit to $250K a yr

General

03 February, 2015

RBI to ease pricing norms for securities, hikes personal remittance limit to $250K a yr

Reserve Bank of India (RBI) has increased the individual annual foreign exchange remittance limit, virtually tripling it in the last ......

RBI holds on to key policy rate but cuts SLR to boost liquidity

General

03 February, 2015

RBI holds on to key policy rate but cuts SLR to boost liquidity

The Reserve Bank of India (RBI) decided to hold the key monetary policy rate at 7.75 per cent in its ......

Two reasons why RBI may cut rate again and two reasons why it may not

General

02 February, 2015

Two reasons why RBI may cut rate again and two reasons why it may not

The Reserve Bank of India (RBI) is set to announce its sixth bi-monthly monetary policy review on Tuesday. Notably, the ......

LIC pitched in with $1.6B in Coal India's record $3.6B offer for sale

Manufacturing

02 February, 2015

LIC pitched in with $1.6B in Coal India's record $3.6B offer for sale

State-owned life insurer Life Insurance Corporation of India has picked almost half of the shares in government's offer for sale ......

Manufacturing activity in India slowed in January: HSBC survey

General

02 February, 2015

Manufacturing activity in India slowed in January: HSBC survey

Indian factory output in January expanded at a slower pace than the previous three months with HSBC's Purchasing Managers' Index ......

Reliance, AV Birla among others apply for payments bank licence

General

02 February, 2015

Reliance, AV Birla among others apply for payments bank licence

Mukesh Ambani-led Reliance Industries Ltd, diversified firm Aditya Birla Nuvo, IT firm focused on e-governance and document management Vakrangee Ltd ......

Base year shift propels Indian GDP growth in 2013-14 from 4.7% to 6.9%

General

30 January, 2015

Base year shift propels Indian GDP growth in 2013-14 from 4.7% to 6.9%

The Indian government's national statistics unit has revised the base year for calculating the country's macroeconomic variables and came out ......

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