Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place....
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Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore...
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Gold Hits 13-month Top On Firm Euro As ECB Signals Rate Cut End

Gold Hits 13-month Top On Firm Euro As ECB Signals Rate Cut End

Manila: Gold climbed to a 13-month high on Friday before pulling back slightly, as the euro hovered near a three-week peak against the dollar after the European Central Bank signalled it was done reducing interest rates for now. After rolling...
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Crisil Sees GDP Growing At 7.9% in 2016-17

Crisil Sees GDP Growing At 7.9% in 2016-17

Mumbai: The country’s GDP can grow by 7.9 per cent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said on Friday. The growth forecast, highest by any house...
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Factory Output Contracts For The Third Month In A Row

Factory Output Contracts For The Third Month In A Row

Factory output in January contracted for the third straight month, in an indication that the manufacturing sector continues to struggle with sluggish demand and overcapacity. According to data released on Friday, factory output — measured by Index of Ind...
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India Need to Keep Reform Momentum Going: Jaitley

India Need to Keep Reform Momentum Going: Jaitley

New Delhi: As the global environment becomes extremely difficult and challenging, India will need to keep the reform momentum going while putting resources in areas where it lacks, Finance Minister Arun Jaitley said today. Speaking at the opening day of...
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