Washington, April 9: The World Bank today projected an economic growth rate of 5.7 per cent in fiscal 2015 for India on the back of a more competitive exchange rate and many large investments going forward. “Bolstered by repentantly more competitive exchange rate and progress towards clearance of important investment projects, India may see an acceleration of growth (factor costs) in fiscal 2014 to 4.8 per cent, further increase to 5.7 per cent in fiscal 2015,” the World Bank said.
New Delhi, April 9: The US administration has moved ONGC Videsh Ltd out of a list of companies known to have energy ties with Iran, but retained parent ONGC on the list, an act for which it can be sanctioned by Washington.
New Delhi, April 9: Sahara Group chief Subrata Roy will continue to remain in Tihar jail as the Supreme Court today rejected his plea that he be put under house arrest to enable him to negotiate deals for arranging money to repay investors.
Mumbai, April 9: Representatives of Jet Airways and Etihad Airways today met Sebi officials and sought an early clearance to their Rs 2,060-crore deal from the capital market watchdog.
New Delhi, April 9: Software industry body Nasscom today appointed Cognizant India executive vice-chairman R. Chandrasekaran as its chairman for 2014-15.
