Friday, 4 September 2015

VRITTAM(24 Aug 2015- 30 Aug 2015)


Manufacturing sector growth improves in August: SEBI

The country's manufacturing sector growth improved both in terms of month-on-month as well as yearly basis in August, an SBI research report said, adding that mining and electricity are still acting as a drag on the economic activity.

 India Sign Pact to Lay Oil Pipeline to Nepal

India today signed an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in
Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

Oil Plunges 6% to over 6-yearslow on China Concern

London: Oil prices fell more than 6 per cent to fresh 6-1/2-year lows on Monday as markets worried about a China-led global economic slowdown that would drastically hit oil consumption at a time of plentiful supply.

Forex Reserves Jump $1 Billion to $354 Billion After 2 Weeks of Dips

Mumbai: After declining for two straight weeks, the foreign exchange reserves rose by a healthy $1.086 billion to touch $354.433 billion for the week to August 14, led by an increase in foreign currency assets.

 drastically hit oil consumption at a time of plentiful supply.

 India Inc's Overseas Investment Dips 32% at $1.23 Billion in July

Mumbai: Total investments by Indian firms overseas fell by 32 per cent to $1.23 billion in July this year over the same month last year, according to the Reserve Bank of India (RBI) data released today.

Moody's Cuts India's FY16 Growth Forecast to 7%

Mumbai: Moody's Investors Service cut its forecast for India's economic growth to around 7 per cent this fiscal year (2015-16) from 7.5 per cent because of lower-than-expected rainfall in the ongoing monsoon season, the ratings agency said on Tuesday

US firm to make ACs in Gurgaon, invest 325 crore

NEW YORK/GURGAON: The Haryana government has signed a deal with leading US-based AC manufacturer, United Technologies, to invest $50 million (Rs 325 crore) in Gurgaon providing direct employment to more than 2,000 people


Currency Devalution Raises Question On China's Strength: Rajan

Mumbai: Terming devaluation of currencies as a "worrisome trend", Reserve Bank of India Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raises questions about the 'true strength' of the world's second largest economy