Africa

Jaipal Reddy Hopes for Fuel Price Review

With oil companies losing crores of rupees every day on selling fuel below cost, Petroleum Minister S. Jaipal Reddy said that he would convene a ministerial panel meeting to review prices of fuel sold at subsidised rates.

Nov 2, 2011

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Forbes India Rich List: Mukesh Ambani is Richest Indian

According to Forbes, India's richest people are getting poorer due to fall in stock prices, corruption scandals and global economic slowdown. Mukesh Ambani, head of Reliance Industries, is the richest Indian according to Forbes India Rich List.

Oct 27, 2011

Box Office Report: 'Force' Outdoes Other Films

John Abraham's action-thriller "Force" was the biggest earner among all films in the week that it opened. It grossed Rs. 16 crores.

Oct 5, 2011

Pak Filmmakers Seek Curbs on Bollywood Movies

In a bid to combat the supremacy of Bollywood films in Pakistan, a petition was filed in a Lahore court by Pakistani filmmakers demanding a curb on the screening of films from India.

Sep 28, 2011

DGCA Issues Show-Cause Notice to Kingfisher Airlines

The Director General of Civil Aviation (DGCA) has issued notice to Kingfisher Airlines (KFA), in relation to the cacellation of 30 KFA flights on Wednesday causing trouble to air passengers.

Nov 10, 2011

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RBI’s Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 51.7495 rupees and the euro 65.9910 rupees.

Jan 11, 2012

Bharat Bandh Effect: Oil Firms Likely to Revise Petrol Price Today

A partial rollback in the petrol price may likely take place on Friday, following intensified protests against the hike in petrol prices that took effect on May 24.

Jun 1, 2012

Eurozone Crisis To Affect India; Manmohan Singh Urges Strong Agenda for Economic Recovery

Indian Prime Minister Manmohan Singh has warned that the ongoing crisis in Europe will have the potential to cause further deterioration in India's faltering economic growth.

Jun 17, 2012

World Bank to Offer ₹5.55 Billion for Bihar Rural Development Project

The World Bank, government of India, and the Bihar government on Monday signed an agreement for $100 million in additional funds for the ongoing development of rural development programme "Jeevika".

Jul 10, 2012

MGNREGA Raised Average Wage by 81 Percent: PM

Prime Minister Manmohan Singh recited some statistical information on MGNREGA programme, which has arguable raised over the years and appreciated UPA's governance for making it possible, while releasing the employment scheme for rural people on Saturday.

Jul 14, 2012

Indian Govt Slams Obama's Investment Concerns; President Misinformed on Indian Economy?

The Indian government on Sunday strongly reacted to US President Barack Obama's remarks over the deteriorating investment climate in India, noting that international lobbies kept him in the dark about the country's strong economic potential.

Jul 16, 2012

IMF Cuts India Growth Projections to 6.1 Per Cent for 2012; Recommends Subsidies Cut

The International Monetary Fund (IMF) on Monday revised India's economic growth to 6.1 percent for 2012 from the previous April projection of 6.8 percent.

Jul 17, 2012

RBI Maintains Hawkish Stance on Repo Rate Amid High Inflation Risks

The Reserve Bank of India (RBI) on Tuesday left its repo rate unchanged at 8 percent in its quarterly monetary policy review on Tuesday, in view of high inflation and fiscal disappointments that marked an economic setback in almost a decade.

Jul 31, 2012

Massive Power Outage in North, East India Leaves 600 Million Affected

Half on India was plunged into darkness on Tuesday, as power grid failure hit North India for the second consecutive day in one of the worst blackouts since 2001.

Jul 31, 2012

India Blackout: Northern, Eastern Power Grids Partially Restored; Train Services Delayed

For the second consecutive day life has come to standstill in half of India after power grid failure hit North and East India in one if the worst blackouts since 2001. On Monday, the Northern Grid which collapsed and was restored after about 15 hours of blackouts, tripped again on Tuesday. The Eastern and North-Eastern transmission lines also collapsed on Tuesday afternoon affecting more than 600 million people and 22 states across the country.

Jul 31, 2012

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