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Economy

Indian crude oil basket at 11-year low, amid global glut

New Delhi, Dec 8 (IANS) The Indian basket of crude oils fell to a 11-year low of $38.61 per barrel, after the decision by the global cartel to continue pumping the hydrocarbon at existing levels despite a glut, official data showed on Tuesday. As per data released by India’s petroleum ministry, its crude basket fell below

Likely US rate hike subdues markets; Sensex down 108 points

Mumbai, Dec 7 (IANS) Heightened prospects of a US rate hike, coupled with slow progress in the Indian Parliament in approving a key economic legislation, subdued Indian ...Full Article

India logs 7.4 percent growth in second quarter

New Delhi, Nov 30 (IANS) The Indian economy grew 7.4 percent in the second quarter ended September, showing some improvement over the 7 percent expansion in the ...Full Article

India needs Rs.9 lakh crore yearly investment in energy: IEA

New Delhi, Nov 27 (IANS) India needs more than Rs.900,000 crore ($140 billion) investments per year in energy by 2040 as it is set to contribute more ...Full Article

Emirates contributes over $848 mn to India’s GDP

New Delhi, Nov 26 (IANS) International airline major Emirates on Thursday said its India operations have contributed over $848 million annually to the country’s gross domestic product ...Full Article

Centre targets approval of 97 percent FDI under automatic route

New Delhi, Nov 24 (IANS) The government on Tuesday said it has reformed and liberalised norms for foreign direct investment in 15 sectors and targeted having 97 ...Full Article

India unveils roadmap to phase out corporate tax exemptions

New Delhi, Nov 20 (IANS) The government on Friday unveiled a detailed roadmap to phase out tax exemptions for the corporate sector and bring down its tax ...Full Article

Ford India recalls over 16,400 EcoSports

Chennai, Nov 13 (IANS) Ford India on Friday announced a recall of 16,444 units of its sports utility vehicle (SUV) EcoSport to inspect the rear twist beam ...Full Article

India’s factory output decelerates, inflation firms up

New Delhi, Nov 12 (IANS) India’s factory output growth decelerated sharply to 3.6 percent in September from 6.4 percent in the month before, even as the annual ...Full Article