Power trading platform Indian Energy Exchange (IEX) on Wednesday signed a pact with HelpAge India to run a mobile medical van in flood-affected areas of Darbhanga and Madhubani districts of Bihar.








Posted: April 15, 2016, 8:50 am
Hong Kong, April 15, 2016 (AFP) -Shanghai and Hong Kong stocks ended a positive week on a low Friday, slipping on profit-taking and after data showed China's economy grew at its weakest rate in seven years during the first quarter of 2016. Hong Kong's Hang Seng Index lost 0.10 percent, or 21.








Posted: April 15, 2016, 8:09 am
Washington, April 15, 2016 (AFP) -Finance ministers of the world's top economies face pressure to do more for global growth and crack down on tax evasion when they gather Friday during the spring meetings of the IMF and World Bank.








Posted: April 15, 2016, 7:39 am
London, April 15, 2016 (AFP) -Europe's main stock markets drifted lower at the start of trade on Friday, following a sharp rally across global equities earlier this week. In initial deals, London's benchmark FTSE 100 index dipped 0.1 percent to 6,357.72 points.








Posted: April 15, 2016, 7:34 am
Singapore, April 15, 2016 (AFP) -Oil prices rose in Asia Friday after the International Energy Agency (IEA) said it saw the crude supply glut easing by year's end, but trading was cautious ahead of a crunch producers' summit.








Posted: April 15, 2016, 7:09 am
Earlier this month, RBI reduced its policy rate by 0.25%, its lowest in more than 5 years. While this was the first rate cut after a gap of 6 months, RBI has lowered its rate by 1.5% cumulatively since January 2015. During the same time period, banks have lowered their lending rate by 0.25-0.5%.








Posted: April 15, 2016, 6:44 am
Tokyo, April 15, 2016 (AFP) -Tokyo stocks slipped on Friday, breaking a three-session winning streak as investors weighed the impact of a deadly quake that hit Japan's southwestern island of Kyushu. The benchmark Nikkei 225 index at the Tokyo Stock Exchange lost 0.37 percent, or 63.








Posted: April 15, 2016, 6:14 am
Bangalore, India, April 15, 2016 (AFP) -Indian software giant Infosys on Friday reported a 16 percent jump in fourth-quarter net profit, beating expectations after it won new clients for its IT services business.








Posted: April 15, 2016, 6:04 am
Finance Minister Arun Jaitley on Friday spoke at a meeting of the G-20 Finance Ministers and Central Bank Governors, where he emphasised that the time was ripe for a reevaluation of the fiscal policy space. He added that there is a need for globally coordinated policy decisions to remedy the global economic turbulence.








Posted: April 15, 2016, 6:02 am
Finance Minister Arun Jaitley on Friday spoke at a meeting of the G-20 Finance Ministers and Central Bank Governors, where he emphasised that the time was ripe for a reevaluation of the fiscal policy space. He added that there is a need for globally coordinated policy decisions to remedy the global economic turbulence.








Posted: April 15, 2016, 6:02 am
The New Development Bank​ has sanctioned a loan of $250 million towards India's new and renewable energy scheme, Secretary for Economic Affairs Shaktikanta Das shared through a series of tweets. It is expected that the loan will be used in the area of solar energy.








Posted: April 15, 2016, 5:22 am
Following the New Development Bank becoming fully operational, it was decided that a technical working group would examine the efficacy of a Bank Institute and BRICS rating agency. The findings of the technical group would be presented to BRICS FMs and central bank governors in their next meeting.








Posted: April 15, 2016, 5:19 am
Senior officials at the International Monetary Fund (IMF) on Friday said that the impact of India's economic growth is unlikely to be felt beyond South Asia, while the adverse effects of China's economic downturn will be felt, as it affected the global commodity demand.








Posted: April 15, 2016, 4:45 am
The statement was issued after Jaitley and Lew co-chaired the 6th US-India Economic and Financial Partnership (EFP) here on the sidelines of the annual Spring Meeting of the International Monetary Fund and the World Bank.








Posted: April 15, 2016, 3:32 am
The statement was issued after Jaitley and Lew co-chaired the 6th US-India Economic and Financial Partnership (EFP) here on the sidelines of the annual Spring Meeting of the International Monetary Fund and the World Bank.








Posted: April 15, 2016, 3:25 am
China's economy grew 6.7 percent in the first quarter from a year earlier, meeting expectations and at its slowest pace in seven years, although other indicators show the slowdown in the world's second largest economy may be bottoming out.








Posted: April 15, 2016, 2:52 am
Kuwait City, April 15, 2016 (AFP) -Major oil producers meet this weekend to try to negotiate an output freeze to drain crude oversupply and boost prices, but doubts remain over whether Iran will join any accord.








Posted: April 15, 2016, 2:39 am
Washington, April 15, 2016 (AFP) -Europe's five leading economies called Thursday for a crackdown on tax havens, urging the G20 powers to end the secrecy of shell companies that enables tax evasion and money laundering.








Posted: April 15, 2016, 2:29 am
Hong Kong, April 15, 2016 (AFP) -Hong Kong stocks rose again Friday soon after opening, having already posted seven straight gains, although profit-taking tempered the rally, while Shanghai also ticked slightly higher. The Hang Seng Index in Hong Kong added 0.17 percent, or 36.








Posted: April 15, 2016, 1:44 am