Otmane El Rhazi from Moneycontrol Economy News.
India’s current account deficit in the April-June quarter narrowed to USD 6.2 billion, or 1.2 percent of gross domestic product, from USD 7.8 billion, or 1.6 percent of GDP a year earlier, the Reserve Bank of India (RBI) said on Friday.
Otmane El Rhazi from Moneycontrol Economy News.
It further said “the Reserve Bank of India paused its monetary easing cycle, but we expect there will be further cuts in 2015 as inflation continues to fall.”
Otmane El Rhazi from Moneycontrol Economy News.
The media agency said it will manage planning and buying for Future Group. MediaCom, which is part of the WPP Group, said Future Group’s media mandate is one of the largest in the industry this year and is its ninth win in 2015.
Otmane El Rhazi from Moneycontrol Economy News.
India’s sugar output has exceeded demand for the fifth consecutive year, resulting in lower prices in the domestic markets and creating liquidity crunch for millers, who are unable to clear cane arrears of about Rs 14,000 crore.
Otmane El Rhazi from Moneycontrol Economy News.
Meanwhile, the government has directed the MMTC to expedite import of 10,000 tonnes of tur and urad dals and requested the state governments to gear up for distribution of pulses through retail outlets.
Otmane El Rhazi from Moneycontrol Economy News.
The series A funding will enable CredR to rapidly scale up its product engineering and marketing and further build its product platform across 20 Indian cities, CredR said in a statement.
Otmane El Rhazi from Moneycontrol Economy News.
The country’s industrial activity, as measured by the index of industrial production (IIP), for the month of July jumped to 4.2 percent year-on-year from 4.4 percent (revised) in the previous month.
Otmane El Rhazi from Moneycontrol Economy News.
“India’s coal imports rose 2 percent to 18.60 million tonnes in August 2015 (Provisional) from 18.24 MT in August 2014 (Revised),” CEO and MD of mjunction services Viresh Oberoi said in an e-mail reply.
Otmane El Rhazi from Moneycontrol Economy News.
The Foreign Investment Promotion Board (FIPB) chaired by Economic Affairs Secretary Shaktikanta Das in its meeting considered 23 FDI proposals, deferred decisions on five and rejected four.
Otmane El Rhazi from Moneycontrol Economy News.
“The present government, after reviewing the situation, decided to acquire 2×1200 passenger capacity vessel for mainland island sector and 2×500 passenger capacity vessel for inter island sector under the ‘Make in India’ initiative,” a Shipping Ministry official told agency.
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