Search Results for: infrastructure bonds

indias-it-hub-runs-in-midnight-marathon

Indias IT hub runs in midnight marathon

Bengaluru, Dec 21 (ANI): More than 10,000 people participated in a midnight marathon, presently in its eighth edition, in India’s IT hub Bengaluru in Karnataka. The marathon saw runners of all age groups, professional athletes and enthusiastic runners, taking part in full enthusiasm. President of IT Rotary Club Bengaluru, Rajeev Unnikrishnan, said the purpose behind organizing the marathon is to raise funds for building toilets, infrastructure development of schools across the city and ‘Swachh Bengaluru’, which is in the backdrop of Prime Minister Narendra Modi’s Clean India Mission. Dec 21, 2014
current-account-deficit-comfortable-despite-widening-raghuram-rajan

Current account deficit comfortable despite widening: Raghuram Rajan

Kolkata, Dec 12 (ANI): Governor of Reserve Bank of India, Raghuram Rajan said that the RBI was comfortable with the current account deficit (CAD) even after it widened in the July-September quarter. Rajan while speaking at a news conference after the central bank's board meeting in Kolkata city, said risks remain to the current account deficit even though he was not apprehensive about it. Rajan said that gold imports had increased in the country which may have resulted in the increase in the CAD. Global oil prices have fallen to a five-year low on Wednesday. Brent crude oil fell to $63.56 a barrel, the lowest since July 2009, on signs of oversupply and waning demand. Indias largest imports are crude oil and gold. Turning to the economy, Rajan said an interest rate cut won't by itself lead to higher economic growth, although he noted it would have an impact. Turning to limits on foreign investments in government bonds, Rajan said it would look at raising the limit at an appropriate time, and would look at expanding it steadily. Dec 12, 2014
bse-closes-points-229-09-down-on-dec-11

BSE closes points 229.09 down on Dec 11

New Delhi, Dec 11 (ANI): Trading at the Bombay Stock Exchange today closed 229.09 points down to stand at 27,602.01. At the National Stock Exchange the Nifty closed 62.75 points down to stand at 8,292.90. SREI INFRASTRUCTURE FINANCE LTD. and NETWORK18 were among the top gainers of Group A with an increase of 16.26% and 10.90% along with GRUH and DHFL with an increase of 6.17% and 5.37% respectively, while the top losers of Group A include HAVELLS and HDIL with a decrease 8.81% and 6.19% along with SCI and BEML with a decrease of 5.05% and 5.03% at the close of the markets. The Auto sector is down 152.74 points at 18,761.43 while the banking sector is down 69.07 points at 21,089.17 and the reality sector is down 33.71 points at 1,630.57. The Indian currency is up 0.47% at Rs 62.31 per dollar. Dec 11, 2014
victorious-indian-blind-cricket-team-receives-warm-welcome-in-new-delhi

Victorious Indian blind cricket team receives warm welcome in New Delhi

New Delhi, Dec 10 (ANI): Supporters and cricket authorities thronged New Delhi airport on Wednesday when the Indian visually impaired cricketers returned home after winning the fourth ODI Blind Cricket World Cup. India defeated defending champions Pakistan to win the 4th Cricket World Cup for the Blind by 5 wickets on Sunday (December 07) in Cape Town. In reply to Pakistan's 389, India scored 392 with two balls to spare. Sports Minister Sarbananda Sonowal, Social Justice and Empowerment Minister Thawar Chand Gehlot and Chemicals and Fertilisers Minister Ananth Kumar were among others who received the team and congratulated it for the victory. Captain Shekar Naik was all praise for the efforts put in by the team to win the maiden title. Sports Minister Sarbananda Sonowal promised all help to the team, including better infrastructure. Dec 10, 2014
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