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Business

#RBI To Cut Rates By Another 0.5% In 2016-17: Morgan Stanley

New Delhi: The Reserve Bank of India is expected to keep key rates unchanged in the next policy meeting on June 7, but might lower rates by another 50 basis points (bps), or 0.5 per cent, during the current financial year, according to a report by Morgan Stanley. Retail inflation is likely to moderate going forward and is expected to decelerate…
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Business

#Gold Slides To 3-Month Low

Bengaluru: Gold fell to its lowest in over three months early on Monday as the dollar hit a one-month high against the yen after US Federal Reserve chief Janet Yellen said the central bank could raise interest rates in the coming months.…
Business

#India targetting steel output of 300 mn tonnes: Sai

Nagpur, May 29 (PTI) The government has a vision to increase steel production to 300 million tonnes, Union Minister of State for Steel and Mines Vishnu Deo Sai said today. Sai was here to review the performance of public sector Manganese…
Business

Indian Companies To Pay $4,000 More For H-1B Visa Fee

Washington: Flagship Indian IT companies would have to pay at least an additional $4,000 for every H-1B visa application under the new regulations that came into effect last December, according to details published on Friday by a federal US…