Ford to invest $1 bn in artificial intelligence start-up
Uploading Date : 11-02-2017Ford will invest $1 billion over five years in an artificial intelligence startup with the aim of developing an autonomous vehicle by 2021, the auto giant said...........
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Demonetisation takes toll on IIP; output shrinks 0.4 per cent in December
Uploading Date : 11-02-2017Industrial production contracted in December 2016 due to a sharp decline in production of consumer goods, confirming a demonetisation led contraction in demand. Index of Industrial Production (IIP) was 0.4% lower in December 2016 from the same period a year ago, data released on Friday showed..............
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Rupee hits 15-week high against US dollar in opening trade
Uploading Date : 15-02-2017The Indian rupee on Friday strengthened marginally to hit 15-week high against the US dollar in opening trade. This was the 12th out of 13 sessions when the rupee is trading higher...............
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RBI's next rate cut in Aug, prospect hinges on monsoon: Bank of America Merrill Lynch
Uploading Date : 15-02-2017Reserve Bank may finally go for a 25 basis points rate cut in August if a good monsoon contains core inflation at a moderate 4-5 per cent, says a Bank of America Merrill Lynch (BofAML) report............
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India will be world's fastest growing economy in next 5 years: Top US think-tank
Uploading Date : 15-02-2017India will be the world's fastest growing economy during the next five years, a top US intelligence think-tank has said while underlining that Pakistan, unable to match India's economic prowess, will seek "other methods" to maintain even a semblance of balance.............
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Policy Review: As inflation risks rise, RBI signals end to rate cuts
Uploading Date : 15-02-2017The Reserve Bank of India (RBI) kept its policy rate on hold on Wednesday and unexpectedly signalled an end to its longest easing cycle since the global financial crisis, saying inflation poses a bigger threat to the economy than a crackdown on "black money"............
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Five things to look out for in RBI’s monetary policy today
Uploading Date : 08-02-2017As the Reserve Bank of India (RBI) gears up for its monetary policy announcement on Wednesday, all eyes will be on governor Urjit Patel as the market expects a reduction in interest rates. Apart from the actual rate action though, announcements and commentary around some key issues will also be looked at closely by economists and analysts..............
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Global M&A activity may drop to $2.5 trillion in 2017: Report
Uploading Date : 08-02-2017Global merger and acquisition activity is expected to moderate amid economic and political uncertainty with deal size likely to drop to $2.5 trillion this year from $2.8 trillion in 2016, says a report.......
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