Briefly Business: Forex reserves dip by $580 mn to $295.7 bn
- Kejriwal's detention in Modi land sparks violent clashes between BJP, AAP in three states
- India goes to poll in 9 phases from April 7 to May 12; vote count on May 16
- Mumbai dailies laud Kamat, he denies he paid for the ânewsâ
- Congress bends, âopen to TRS allianceâ
- Mamata Banerjee releases candidates list for LS polls, lists out celebs and statistics
Forex reserves dip by $580 mn to $295.7 bn
Mumbai: The foreign exchange reserves of the country declined by $580 million to $295.67 billion during the week ended January 18 following decline in core currency assets, the Reserve Bank said on Friday. The total reserves had stood at $296.252 billion in the previous reporting week.
Ceat forms JV with Bangladesh firm
Mumbai: RPG Group's tyre-making arm Ceat on Friday announced formation of a joint venture company with the Bangladesh-based AK Khan & Company to set up a manufacturing facility in the neighbouring country. The facility, which will come up at the investment of $67 million, is expected to be functional by December 2014.
Exxon Mobil is world's most valuable firm
NEW YORK: Exxon has once again surpassed Apple as the world's most valuable company. Apple's stock dropped 2.4 per cent to $439.51 in midday trading Friday for a market capitalisation of $412.7 billion. Exxon Mobil gained 22 cents to $91.57 for a market cap of $417.5 billion.
Crisil downgrades Airtel's ratings
New Delhi: Rating agency Crisil has downgraded telecom major Bharti Airtel's rating after the government imposed a one-time fee for spectrum it holds beyond a threshold. "Crisil has downgraded its ratings on Bharti Airtel long-term debt programmes and bank facilities to 'CRISIL AA+/Stable' from 'CRISIL AAA/Negative'".
45 countries to attend Agra business summit
New Delhi: Political leaders and business delegates from 45 countries will deliberate on issues pertaining to world economic crisis during the three-day Global Partnership Summit at Agra, beginning January 27.
Britain flirts with 'triple dip' recession
London: Britain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London's Olympics pushing it perilously close to a 'triple-dip' recession. The GDP fell 0.3 per cent in the fourth quarter.
- New police chief says smooth polls his top priority for now
- Battleground ready, tough fight on cards in Pune
- Gadkari visits PU for cultural event, crowd gets out of control
- Govt vehicle hits two visually impaired students
- Ecclestone rules out Indian GP in 2015
- Captain Vidic abandons sinking ship at Manchester United, to sign for Inter Milan