World Crude Oil

Oil Prices to Rocket Even Without Syria Crisis?

Indian oil minister Veerappa Moily is expected to announce fresh measures to control fuel consumption in India on 16 Septemeber, amid concerns of a US-armed military intervention in Syria. Sep 6, 2013
ratan-tata

Carnegie Nominates Ratan Tata to Board of Trustees

Ratan Tata, leading industrialist and ex-chairman of the Tata group, has been nominated as member of the board of trustees at Carnegie Endowment for International Peace (CEIP), a foreign-policy think tank based in Washington, US. Sep 19, 2013
Indian rupee

IFC Launches $1 Billion Bond Program for India Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has launched a $1 billion offshore bond program to strengthen India's capital markets and attract greater foreign investment in a time of renewed economic uncertainty across the world. Oct 10, 2013
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India, Australia Ink Pact to Focus on Clean Fuel Production

India and Australia are joining hands to develop a solution to address the fuel shortage in both nations. The countries formed a collaboration last week to find an alternative to liquid transport fuel supplies and reduce dependency on imports, stated a news release from Commonwealth Scientific and Industrial Research Organisation, Australia (CSIRO). Oct 15, 2013
raghuram-rajan-addresses-a-news-conference-at-the-banks-headquarters-in-mumbai-reuters

RBI Hikes Repo Rate by 25 bps; Lowers MSF

The Reserve Bank of India on Tuesday hiked its repo rate by 0.25 percent to 7.75 percent. This is the second time the central bank raised its interest rates in the past two months. Oct 29, 2013
us-iran-secret-meetings-led-to-geneva-accord

Will India Still be Affected by US-Iran Nuke Deal?

Even as the six world powers see potential in the Iranian nuclear deal to resolve a decade-old global standoff following intense negotiations, India is unlikely to benefit from the agreement that would see Iran curb its uranium enrichment programme in exchange for a lift on the sanctions by the European Union. Nov 25, 2013