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Archive for November, 2015

Gold closes month sharply lower, in spite of slight gains on Monday

Gold closes month sharply lower, in spite of slight gains on Monday

Monday, November 30, 2015 18:03

Gold closes month sharply lower, in spite of slight gains on Monday

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DoT speeds up spectrum harmonisation of 1800 Mhz airwaves

Monday, November 30, 2015 17:57

KOLKATA: The telecom department (DoT), following a nudge from the finance ministry, is speeding up harmonisation of airwaves in the 1800 Mhz band, to free up an extra 10 MHz of pan-India 4G spectrum before the next auction likely in early-2016. Harmonisation will makes airwaves contiguous or `continuous', which ...

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Locomotive factories in Bihar to boost mfg growth: Suresh Prabhu

Monday, November 30, 2015 17:53

NEW DELHI: Railways Minister Suresh Prabhu today said the locomotive factories in Bihar will help in boosting manufacturing activities in the country that will contribute to the overall economic growth. He was speaking at the formal contract agreement signing ceremony for the two Rs 40,000 crore modern locomotive joint ...

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Pak will not compromise on its dignity: Sharif

Monday, November 30, 2015 17:40

Prime Minister Narendra Modi and his Pakistani counterpart had a "casual meeting" on Monday on the sidelines of the climate summit in Paris, warmly shaking hands before sitting down for a brief two-minute chat, amidst a chill in the bilateral ties.

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How markets are shaping up ahead of Federal Reserve, European Central Bank

Monday, November 30, 2015 17:35

LONDON: The U.S. Federal Reserve and European Central Bank are expected to deliver sharply contrasting policy decisions next month, reflecting how the world's two largest economies have moved from the Great Recession to the Great Divide. The U.S. and euro zone central banks have been on a similar path ...

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World must turn to Sun to power its future: PM

Monday, November 30, 2015 17:20

The alliance of 122 countries lying between the Tropics of Cancer and Capricorn has been formed to collectively harness the power of the sun. India has pledged $30 million for the initiative and has decided to host the ISA in the premises of its National Institute of Solar Energy, based ...

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Climate summit: Coal will continue to be the mainstay of energy basket, says official

Monday, November 30, 2015 17:13

India's ambitious renewable energy push, which includes a seven-fold increase in generation capacity, is unlikely to help bridge the country's huge development deficit. Its development needs are real. It is not just the 400 million people without access to electricity and hundreds of million more who are underserved compared to ...

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Railway plants in Bihar to boost manufacturing, jobs: Jaitley

Monday, November 30, 2015 17:05

NEW DELHI: Marking the first big FDI in the railway sector, the Indian Railways today signed Rs 40,000-crore contracts with GE and Alstom to set up two locomotive plants in Bihar with a view to boosting manufacturing and employment in the state. Terming it as the "first major" manufacturing ...

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Spice Mobility to increase number of women employees

Monday, November 30, 2015 17:01

NEW DELHI: Telecom solutions provider Spice Mobility will increase number of women employees in coming days with its target to bring at least 20 per cent of them in leadership roles. "The global average is 40 per cent women employees. We at Spice Mobility will take up the task ...

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Sebi relaxes penal provision for deemed public offers

Monday, November 30, 2015 16:59

MUMBAI: Unlisted companies raising funds through securities without having a public offer document will be exempt from penal action if they provide a refund option along with 15 per cent interest rate at the time of issuance, Sebi said today. The relaxation will be applicable to entities that have ...

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