Sri Lanka to see 5.3 per cent growth
Colombo, June 9 (IANS) Sri Lanka is expected to see 5.3 per cent economic growth in the next three years despite challenges, the latest Global Economic Prospects report released by the World Bank showed on…
Business
UN declaration backs India’s policy on generic HIV/AIDS medicines
By Arul Louis United Nations, June 9 (IANS) India’s policy of allowing the manufacture of generic HIV/AIDS medicines for the global poor using the flexibilities in intellectual property laws has received an endorsement from the…
79% passports delayed, Delhi Police verification fastest
By Devanik Saha It took 71 days to issue an Indian passport in 2014, nearly three times as long as the 24 days fixed by the government, and the police took twice as long as…
Sensex opens in red, Nifty slightly up
Mumbai, June 9 (IANS) Key Indian equity market indices opened flat on Thursday taking a negative global cues. The sensitive index (Sensex) of the BSE, which had closed at 27,020.66 on Wednesday, opened lower at…
Brazil vows to control government spending amid ‘worst recession’
Brasilia, June 9 (IANS) Brazil’s Minister of Finance said the accumulated drop of the country’s GDP in 2015 and 2016 could be the worst in its history, vowing to reverse the economic downturn by taking…
SKorea cuts policy rate to all-time low
Seoul, June 9 (IANS) South Korea’s central bank unexpectedly cut its policy rate to an all time low on Thursday, a day after the announcement to create 11 trillion won ($9 billion) funds to help…
Tokyo stocks open lower
Tokyo, June 9 (IANS) Tokyo stocks retreated after the morning bell on Thursday as April’s machinery orders data coming in some way below par dented investor sentiment. The 225-issue Nikkei Stock Average relinquished 68.55 points,…
Canadian stocks retreat as energy falls on profit-taking
Toronto, June 9 (IANS) Canada’s main stock market in Toronto failed to follow up after a four-day advance as falling energy and healthcare stocks overshadowed gains in raw- material producers. The Toronto Stock Exchange’s benchmark…
Germany’s benchmark DAX index closes down
Frankfurt, June 9 (IANS) The benchmark DAX index at Frankfurt Stock Exchange went down slightly and closed at 10,217.03 points. Investors were in a mood of profit taking after days of gains, according to local…
US dollar declines as rate-hike expectation dims
New York, June 9 (IANS) The US dollar dropped against most major currencies as investors lowered expectations for an interest-rate hike as early as June. In late New York trading on Wednesday, the euro rose…
Oil prices keep rising as US stockpiles fall
New York, June 9 (IANS) Oil prices rallied for a third straight session as official data showed a larger-than-expected drop in US crude stocks. The West Texas Intermediate for July delivery on Wednesday increased $0.87…
US stocks trade higher
New York, June 9 (IANS) US stocks traded mostly higher as investors shifted their focus from a possible interest rate hike to gains in oil prices. The Dow Jones Industrial Average rose 30.51 points, or…
Don’t be swayed by industrialists’ praise: Mannan to Mamata
Kolkata, June 8 (IANS) A day after industrialists showered praise on West Bengal Chief Minister Mamata Banerjee, Leader of the Opposition Abdul Mannan on Wednesday warned her not to get swayed. “You shouldn’t repose your…
Karnataka unveils new retail policy to attract investment
Bengaluru, June 8 (IANS) The Karnataka government on Wednesday announced a new retail trade policy to attract fresh investments into the state. “The policy relaxes retail norms and listing of food and grocery business under…
NTPC signs agreement for doubling of Hotgi-Kudgi section
New Delhi, June 8 (IANS) State-run power producer NTPC has signed an agreement with South Western Railway for doubling of the Hotgi-Kudgi rail section, the power producer said on Wednesday. “NTPC-Kudgi has signed an agreement…
Public comments sought on debt recovery laws amendment bill
New Delhi, June 8 (IANS) A parliamentary panel looking into a bill to amend the country’s debt recovery laws has sought comments and suggestions from stakeholders as well as the general public, an official statement…
AAI inks MoU for skill development initiatives
New Delhi, June 8 (IANS) The Airports Authority of India (AAI) on Wednesday signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) and National Skill Development Fund (NSDF) for scaling up…
BEL to manufacture Micro ATMs, Citizen Verification Devices
Bengaluru, June 8 (IANS) Public sector defence electronics major Bharat Electronics Limited (BEL) on Wednesday announced its foray into manufacturing Micro ATMs and Citizen Verification Devices (CVD). Capable of strengthening financial inclusion in the country,…
Employment main focus of India’s development, ILC told
New Delhi/Geneva, June 8 (IANS) Emphasising that the Narendra Modi government gives great importance to employment generation, union Minister of Labour and Employment Bandaru Dattatreya said his ministry was strategising to bring employment to the…
Wearables have market beyond health, fitness: Report
New Delhi, June 8 (IANS) Six in 10 smartphone users consider that wearables have uses beyond health and wellness, a new report has said, adding that devices related to personal safety and security such as…