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GDP numbers not flawed, CSO on right track: NSC

Last Updated: Tuesday, August 11, 2015, 14:10

Clearing the air over the new GDP numbers, National Statistical Commission (NSC) chairman Pronab Sen on Tuesday said that Central Statistics Office (CSO) is following the correct methodology for computing national accounts and is on the right track.

China announces sharp fall in value of yuan currency

Last Updated: Tuesday, August 11, 2015, 10:11

China`s central bank on Tuesday announced a sharply lower daily reference rate for the yuan against the US dollar, saying it was part of moves to make its exchange rate regime more market-oriented.

China to issue new 100 yuan note with more security features

Last Updated: Monday, August 10, 2015, 11:36

China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.

Greece and creditors `close` to deal on third bailout

Last Updated: Monday, August 10, 2015, 09:07

Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.

Central Bank to raise Rs 3000 crore capital this fiscal

Last Updated: Sunday, August 9, 2015, 13:01

State-run Central Bank of India requires Rs 3,000 crore capital this year and plans to raise the same from the government and through the qualified institutional placement route.

Central Bank of India Q1 net profit rises 6% to Rs 204 crore

Last Updated: Saturday, August 8, 2015, 18:03

The bank had earned a net profit of Rs 191.6 crore in the April-June quarter of last fiscal, Central Bank of India said in a BSE filing.

Software eccentric John McAfee arrested for DUI: US media

Last Updated: Saturday, August 8, 2015, 07:22

John McAfee, the reclusive anti-virus software creator who in recent years has had recurring trouble with the law, was arrested in the US this week for driving under the influence, American media reported.

FSSAI extends deadline for licences till Feb 4 next year

Last Updated: Thursday, August 6, 2015, 20:44

Food safety regulator FSSAI on Thursday extended the deadline for food companies to get licence to run their businesses by another six months to February 4, 2016.

Asian stocks mixed on patchy US economic data

Last Updated: Thursday, August 6, 2015, 12:50

Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.

Asian stocks mixed on patchy US economic data

Last Updated: Thursday, August 6, 2015, 12:50

Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.

ECB leaves stopgap funding for Greek banks unchanged

Last Updated: Wednesday, August 5, 2015, 21:59

The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.

Nestle shares end 8% higher after FSSAI lab finds Maggi safe

Last Updated: Wednesday, August 5, 2015, 19:37

Shares of Nestle India ended the day with nearly 8 percent gains as the FSSAI-approved laboratory of Central Food Technological Research Institute (CFTRI) found Maggi noodles in compliance with the country's food safety standards.