‘India moves up one notch to 126 in per capita GDP terms’

New Delhi, November 19 (PTI): India has moved up one position to 126th in terms of per capita GDP of countries, still ranked lower than all its BRICS peers, while Qatar remains the world’s richest on this parameter, as per International Monetary Fund (IMF) data.   The data, which forms part of the latest World […]

Royal Enfield unveils Interceptor, Continental GT 650 in India

Royal Enfield unveils Interceptor, Continental GT 650 in India

Panaji, November 19 (IANS): The Royal Enfield on Sunday unveiled its much awaited Interceptor GT 650 and Continental GT 650 in front of hundreds of bike enthusiasts at its annual rider mania here.   Both the motorcycles are powered by an all new 650cc, air cooled parallel twin engines with oil cooler for enhanced performance. […]

Govt seeks Rs 13,000 crore surplus from RBI

New Delhi, November 19 (PTI): The government has not asked the Reserve Bank to pay any special dividend and is only seeking Rs 13,000 crore of surplus lying with the central bank, Economic Affairs Secretary Subhash Chandra Garg has said.   In August, the RBI had paid a dividend of Rs 30,659 crore for the […]

Toyota and Suzuki in tie-up to sell electric vehicles in India

Toyota and Suzuki in tie-up to sell electric vehicles in India

Visitors look at Toyota models at Auto Guangzhou in Guangzhou, China November 17, 2017. (Reuters Photo)   TOKYO, November 18 (Reuters): Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging […]

Apple postpones launch of HomePod speaker until 2018

San Francisco, November 18 (IANS): Apple has delayed the launch of its smart home speaker HomePod until 2018 and reportedly said that it needed more time to work on it.   “We can’t wait for people to experience HomePod, Apple’s breakthrough wireless speaker for the home, but we need a little more time before it’s […]

RBI cancels open market bond sale in surprise move

BENGALURU, November 18 (Reuters): The Reserve Bank of India (RBI), in a rare move, cancelled a bond sale via open market operation (OMO) worth 100 billion rupees ($1.54 billion) that was scheduled for Nov. 23, citing “evolving liquidity conditions”.   The OMO sale of government securities was withdrawn due to “recent market developments and based […]

Moody’s withdraws RCom’s credit rating after missed payment

Moody’s withdraws RCom’s credit rating after missed payment

A shareholder fills a form before the Reliance Communications annual general meeting in Mumbai September 22, 2009. (Reuters File Photo)   MUMBAI, November 18 (Reuters): Rating agency Moody’s said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest […]

Moody’s withdraws RCom’s credit rating after missed payment

Moody’s withdraws RCom’s credit rating after missed payment

A shareholder fills a form before the Reliance Communications annual general meeting in Mumbai September 22, 2009. REUTERS/Arko Datta/Files   MUMBAI, November 18 (Reuters) – Rating agency Moody’s said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest […]

Toyota and Suzuki in tie-up to sell electric vehicles in India

Toyota and Suzuki in tie-up to sell electric vehicles in India

Visitors look at Toyota models at Auto Guangzhou in Guangzhou, China November 17, 2017. REUTERS/Bobby Yip   TOKYO, November 17 (Reuters) – Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in […]

India gold prices flip to discount as wedding demand underwhelms

India gold prices flip to discount as wedding demand underwhelms

MUMBAI/BENGALURU, November 17 (Reuters) – Gold prices in India traded at a discount for the first time in six weeks as the key wedding season failed to spur fresh demand, while high prices curbed appetite for the precious metal in major Asian centres except China.   Gold is considered an essential part of weddings in […]

Moody’s raises India’s sovereign bond rating; sees reforms fostering growth

Moody’s raises India’s sovereign bond rating; sees reforms fostering growth

A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar/Files MUMBAI/BENGALURU, November 17 (Reuters) – Moody’s Investors Services upgraded its ratings on India’s sovereign bonds on Friday, saying that continued progress on economic and institutional reform will enhance India’s high growth potential.   Moody’s said […]

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