Crude oil futures plunge to Rs. 5,569 per barrel
Crude oil futures fell 1.82 per cent to Rs. 5,569 per barrel today as speculators trimmed their positions amid a weak trend in Asian trade after a sharp slowdown in Chinese industrial production. On the Multi Commodity Exchange, crude oil for delivery in September traded lower by Rs. 103 or... read more »
Raghuram Rajan says India’s economic recovery ‘uneven’
Reserve Bank of India (RBI) governor Raghuram Rajan on Monday said India’s economic recovery was “uneven” though the country is doing better than a few months ago. Pointing out to the recent dip in oil prices, Rajan called for elimination of diesel subsidies. “Lower oil prices means lower... read more »
After SpiceJet, Jet Airways, AirAsia India Join Fare conflict
AirAsia India is offering fares as low as Rs. 1,290 under a special promotional offer. This offer is applicable on bookings till September 21, 2014, and travel period between September 16, 2014 and March 31, 2015. Meanwhile, Jet Airways is also offering promotional fares on tickets purchased before... read more »
Saradha group cos will face prosecution for violation of several laws: SFIO
Completing its probe into the ‘chit fund scam’ of 14 Saradha group firms, the Serious Fraud Investigation Office today said that these companies have been found to be running ‘ponzi schemes’ and would face prosecution for violation of several laws. The investigation concluded that the group... read more »
