UK Food Standards Agency finds made in India Maggi safe to eat

Last Updated: Wednesday, July 1, 2015, 19:25

"The FSA can confirm that results from testing samples of Maggi Noodles in the UK have all found that levels of lead in the product is well within EU permissible levels and would not be a concern to consumers," FSA said in statement.

India to grow at 7.8% in 2015, surpass China: Fitch

Last Updated: Tuesday, June 30, 2015, 21:58

Among the BRICS grouping, GDP growth will range from 7.8 per cent in India to a contraction of 3 per cent in Russia and 1.5 per cent in Brazil this year, said the Global Economic Outlook released by the Fitch Ratings.

Mudra Bank panel to meet today

Last Updated: Thursday, June 25, 2015, 08:51

Mammen said Mudra Bank has already received a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI) and is registered under the Companies Act.

Moody's retains SBI deposit ratings at Baa3

Last Updated: Monday, June 22, 2015, 20:45

Global rating agency Moody's has affirmed State Bank of India's (SBI) local and foreign currency deposit ratings at Baa3/P-3.

ICRA pulls out services from Indonesia

Last Updated: Monday, June 15, 2015, 17:44

Rating agency ICRA Ltd Monday said it has withdrawn its services from Indonesia in the wake of significant challenges in the current environment in the country.

Oil prices drop as IEA predicts demand slowdown

Last Updated: Thursday, June 11, 2015, 19:39

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Coal in the crosshairs in Europe but fuelling emerging markets

Last Updated: Sunday, June 7, 2015, 17:26

The International Energy Agency estimated in December that coal demand will continue to grow by an average of 2.1 percent through 2019, even if this is slower than the 3.3 percent average recorded in 2010-2013.

Steel prices may stay under pressure in FY16: Moody's

Last Updated: Sunday, June 7, 2015, 13:23

Subdued domestic demand and rise in imports from China, Russia and Korea had exerted pressure on steel realisations in the last fiscal, he added.

OPEC expected to keep status quo on oil output

Last Updated: Friday, June 5, 2015, 10:09

However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.

PDMA: Rajan denies disconnect with Finance Ministry

Last Updated: Tuesday, June 2, 2015, 16:23

Asserting that Finance Minister Arun Jaitley is on the same page as him on creating a public debt management agency (PDMA), RBI Governor Raghuram Rajan on Tuesday said it would be unwise to move things away from the Reserve Bank without discussions and disrupt a smooth-functioning market for "hypothetical gains".

Stempeutics' Stempeucel gets Orphan Drug status in Europe

Last Updated: Monday, June 1, 2015, 14:31

Shares of Cipla were trading at Rs 669.05 per scrip in the afternoon trade on BSE, up 2.86 percent from its previous close.

Fitch retains BBB- rating on IDFC despite asset quality risks

Last Updated: Friday, May 29, 2015, 19:34

Rating agency Fitch on Friday affirmed 'BBB-' rating with a stable outlook on infra lender IDFC -- which is racing to convert itself as a commercial bank -- despite the company facing severe asset quality issues.