India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval to an cquisition by ONGC Videsh Limited (OVL) for 11% stake in JSC Vankorneft from M/s Rosneft Oil Company (Rosneft), the National Oil Company (NOC) of Russian Federation (Russia). Rosneft operates Vankor fields, with Vankorneft, its wholly owned subsidiary. […]
With global growth subpar at 3.1% in 2016, with slight increase to 3.4% next year, persistent stagnation in advanced economies could further fuel anti-trade sentiment with calls for protectionism in developed economies, said IMF in its latest outllok that may send warning bells to India and China. Global economic growth will remain subdued this year […]
Purchasing jewellery for a big occasion could mean pouring out one’s hard-earned savings but to make it notionally less burdensome, Candere.com, an online jewellery retailer, has come to the rescue of jewellery lovers. Candere.com offers easy EMI on diamond jewellery to its consumers without charging any interest, or additional cost over and above the price […]
Indian business sentiment fell for the first time in three months in March 2016 as companies faced lower demand amid rising input prices on the back of the weak rupee, though political atmosphere remained stable after the release of JNU student leaders. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed […]
Scientists were surprised to find fragments of DNA of extinct human species in 35 people living in islands off New Guinea in Melanesian tribes. The DNA was traceable to two early human species: Denisovans, whose remains were found in Siberia, and Neandertals, first discovered in Germany. D. Andrew Merriwether, a molecular anthropologist at Binghamton University, […]
BY POONAM GUPTAADD COMMENT Capital flows to emerging economies are considered to be volatile. Influenced as much by global liquidity and risk aversion as by economic conditions in receiving countries, capital flows move in a synchronous fashion across emerging economies. There are periods of rapid capital inflows, fueling credit booms and asset price inflation; followed […]