India's traditional industries seek special grant in annual budget

Kochi, Feb 27 (ANI): In a hope to stabilize India's drooping traditional industries like handloom, handicrafts, coir, cashew and beedi, industry experts are looking forward to the Narendra Modi government undertaking special measures in its annual budget for the fiscal year 2015-16 to be presented on Saturday. The traditional industries are mainly labour intensive and rely on skills that are passed on from one generation to another. The workforce of these industries mainly includes tribal people who remain deprived of their basic necessities even after 68 years of India's Independence. He added that a special grant from the central government would benefit millions of people involved in the industry like, raw material collectors, cutters, makers, distributors. Feb 27, 2015

Indian stocks rise more than 450 points ahead of budget

Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies. Feb 27, 2015

Russia worry sets tone for Estonia poll

Estonia's defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3 Feb 27, 2015

Berlin backs Greek bailout extension

A vote with a great deal at stake. With Greece due to run out of money, German Finance Minister Wolfgang Schaeuble urged parliament to extend its bailout for a further four months, for the sake of Feb 27, 2015

BSE closes points 473.47 up on Feb 27

New Delhi, Feb 27 (ANI): Trading at the Bombay Stock Exchange today closed 473.47 points up to stand at 29,220.12. At the National Stock Exchange the Nifty closed 160.75 points up to stand at 8,844.60. UNITECH and HCC were among the top gainers of Group A with an increase of 16.53% and 9.19% along with SINTEX and GMRINFRA with an increase of 9.19% and 8.89% respectively, while the top losers of Group A include RASOYPR and HATHWAY with a decrease of 4.26% and 3.68% along with PMCFIN and NIIT TECHNOLOGIES LTD with a decrease of 2.86% and 2.53% at the close of the markets. The Auto sector is up 417.21 points at 19,769.71 while the banking sector is up 581.77 points at 21,858.46 and the reality sector is up at 74.97 points at 1,838.53. The Indian currency is down 0.12% at Rs 61.82 per dollar. Feb 27, 2015

Campaign cash-in ahead of Nigeria vote

It's election season in Nigeria. Political posters plaster the streets in a frantic rush to sway voters before polls open in late March. Sharing is the name of the game. And campaigning parties Feb 27, 2015

Hong Kong property giant defies the odds

Back from the brink of having its reputation dragged through the mud, Hong Kong's largest property developer still looks shiny to investors. Sun Hung Kai Properties owns quite a bit of Hong Kong's Feb 27, 2015

Economic risks lie in China's 'Great Firewall'

The Great Firewall of China just got harder to breach. And now the risk is it's keeping out much-needed investment in research and development. That's according to the latest survey by the EU Feb 27, 2015

Gap warns on strong dollar, port delays

After the closing bell: Gap lowering its full year profit forecast blaming the strong dollar and delays in getting its merchandise to stores because of labor issues at west coast ports. JC Penney Feb 27, 2015

Internet traffic equality for all

Life, liberty and internet traffic equality for all. So says the Federal Communications Commission. It voted to adopt new rules that basically treat the internet like a utility. FCC Commissioner Tom Feb 27, 2015

Germany will back Greece for now

Behind the smiles the Greek Finance Minister is worried. He fears Athens will struggle to repay its debts to the EU and IMF this year. The Central Bank governor is nervous too. Yannis Stournaras Feb 26, 2015

Sky wars: Boeing, FedEx vs. airlines

It's sky wars: three big U.S. airlines versus a domestic plane maker, express delivery company and others. The battle is over the Open Skies agreements, which allow airlines to fly routes they want in Feb 26, 2015

Euro zone shaking off the blues?

Opposition parties in Spain are upping their game ahead of elections later this year. This rally by the anti-austerity Podemos party followed the Prime Minister's state of the nation speech. He said Feb 26, 2015

3.5bln losses - a 'good' year for RBS

For most companies, a 3.5 billion pound loss would be disastrous. But for the Royal Bank of Scotland, this is considered pretty good. 2013's deficit was as much as 9 billion. The bank is 7 years Feb 26, 2015