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The Week That Was - November 24 to 28, 2014

India Infoline News Service | Mumbai | November 28, 2014 18:25 IST

The indices continue their record breaking spree as the Nifty hit a new high of 8,617?on Friday. Investors seem to be pleasantly surprised as the markets advanced ~1.3% for the week thanks to a fanatic Friday after being stuck in a narrow range for most part of the week.

RBI has lowered minimum leverage ratio norms for Payments Bank: ICRA

India Infoline News Service | Mumbai | November 28, 2014 17:57 IST

Existing non-bank PPI Issuers, NBFCs, corporate BCs, mobile telephone companies, super market chains, companies, real sector cooperatives and public sector entities may apply to set up a Payments Bank.

Oil's plight! Can cool towards US$60/bbl

IIFL | Mumbai | November 28, 2014 16:43 IST

Considering the scheme of things, we will not be surprised to see oil prices moving further lower till US$60/bbl.

Top economic news of the day - November 28, 2014

India Infoline News Service | Mumbai | November 28, 2014 08:47 IST

The Telecom Regulatory Authority of India (Trai) recommended a 15% rise in reserve price of 800-MHz spectrum for auction at Rs31.04bn.

Ease of doing business to get simpler in India with online approval system

India Infoline News Service | Mumbai | November 28, 2014 08:32 IST

India currently stands in the bottom half of the rankings for the countries which are business friendly.

FM revises target of opening of Bank accounts under PMJDY to 10 Crore by 26th January, 2015

India Infoline News Service | Mumbai | November 27, 2014 16:45 IST

The Finance Minister also asked the officers that Aadhar card numbers may also be seeded with bank accounts as the same will help in directly transferring the subsidies to the bank accounts of the desired sections of the society under Direct Benefit Transfer (DBT) scheme.

Oil is Well: Lower oil prices may sustain

Mumbai | November 27, 2014 15:51 IST

Some news reports suggest that the Organisation of Petroleum Exporting Countries (OPEC) are willing to offer competitively lower prices than each other to maintain market share. This is unlike OPEC's earlier approach wherein they used to together cut the production

India and China relationship transcends bilateral scope: FM

India Infoline News Service | Mumbai | November 27, 2014 15:49 IST

The Finance Minister Jaitley noted that as two large countries with growing economies, the relationship between India and China transcends bilateral scope and has regional, global and strategic significance.

Expecting rate cut in the coming RBI credit policy: CARE Rating

India Infoline News Service | Mumbai | November 27, 2014 10:47 IST

The G-Sec yield has been moving downwards owing to excess liquidity in the system and an expectation of rate cut in the coming policy review on account of declining inflation.

Asian Refining & Marketing: Demand growth will ease pressures from capacity overhang

India Infoline News Service | Mumbai | November 27, 2014 10:11 IST

Asian refiners will see aggregate EBITDA grow by around 5% through 2015, with the higher output of refined oil products more than offsetting the impact of weak refining margins on earnings.

India's economy reflect slower Growth, No Stumble in Q3: Moody's Analytics

India Infoline News Service | Mumbai | November 27, 2014 10:00 IST

India's third quarter GDP report, due Friday, will show the economy slowing from the 5.7% second-quarter pace.

Five-Fold increase in power expected through renewable energy by 2022: Piyush Goyal

India Infoline News Service | Mumbai | November 26, 2014 14:01 IST

We want to balance the interests of all stakeholders while keeping the national interest at the forefront. The total investment requirement for the sector is estimated to be US$250bn said Piyush Goyal.

Emerging East Asia's Bond Markets resilient but risks are rising: ADB

India Infoline News Service | Mumbai | November 26, 2014 13:00 IST

US dollar debt becomes more expensive to service in local currency terms when the dollar appreciates.

India, US joint statement on the Trade Policy Forum

India Infoline News Service | Mumbai | November 26, 2014 12:07 IST

The two governments signaled their readiness to enhance bilateral trade and investment ties in a manner that promotes economic growth and job creation in both India and the United States.

Deepen private sector involvement in education, says President

India Infoline News Service | Mumbai | November 26, 2014 12:01 IST

India's private sector is engaged in several key areas like health, transport and financial services.

We can build a brighter tomorrow for our region: Narendra Modi

India Infoline News Service | Mumbai | November 26, 2014 11:54 IST

This is my first SAARC Summit. But, this is the second time I am meeting most of you together. I stepped into the office with the greetings of the entire world.

Global sovereign credit outlook stable; slowdown in China's growth to extend beyond 2015: Moody's

India Infoline News Service | Mumbai | November 26, 2014 10:27 IST

Moody's, GDP growth

Follow the sand to the real fracking boom

India Infoline News Service | Mumbai | November 26, 2014 08:49 IST

Frack sand exponentially increases the return on investment for a well, and oil and gas companies are expected to use some 95 billion pounds of frack sand this year, up nearly 30% from 2013 and up 50% from forecasts made just last year.

Top economic news of the day - November 26, 2014

India Infoline News Service | Mumbai | November 26, 2014 08:42 IST

Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said the government had no immediate plan to remove the subsidy on Liquefied Petroleum Gas.

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