Brent crude will average $55/bbl in 2015, $65/bbl in 2016 and $80 in the medium term.
Altius Fincap, another research firm, doesn't expect another cut until the 2016 Budget.
Rupee rallies against US dollar and BSE Sensex 30 rises 3% following rate cut.
Weak credit market data from China caps gains.
Cadbury is owned by American group Mondelez International.
BP employs about 4,000 staff in the North Sea out of a total of 15,000 across the UK
In India, shares rally after the central bank announces a surprise interest rate cut.
Oil prices have plunged 60% over the last six months.
General Election uncertainty weighs heavily on buyer demand says Rics.
JPM said legal expenses rose to about $1.1bn in the fourth-quarter of 2014 from about $847m a year ago.
Russia's Finance Minister Anton Siluanov says falling oil prices have created a $180bn shortfall in revenues to date.
BTC/USD was down more than 30% on the day before paring a part of the losses.
Markets have been reacting to the World Bank cutting 2015 growth forecast to 3% from 3.4%.
Euro is still down on the day with risk sentiment weak, dollar up.
Gold has to break $1255-$1270 region to delay hitting $1000.
Premier Oil also said it expects to spend around 40% less, or $600m, on planned development this year.
On the higher side, it has to break $65 to confirm a reversal.
Data underpins expectations of fresh ECB stimulus this month itself.
The fortunes of Coke and McDonald's show how changes in the world of marketing and advertising have affected some huge global brands.
Pound headed for new multi-month low vs dollar.
Monthly inflation rate for December was 0.2% from -0.1% in November.
Legal experts say it may be more difficult for Sue Ann Arnall to pursue appeal after accepting $975m award.
December saw the worst sales performance since the financial crash in 2008, according to the BRC.
Sri Lanka's debt-to-GDP ratio is very high at 78% and 43% of loans are in foreign currency.
Oversupply and weak demand continue to plague global crude oil market.
Prince Alwaleed bin Talal defends Saudi decision not to cut production to boost prices.
Belarus will keep its budget socially-oriented despite financial challenges, Vice Premier Kochanova said on Monday.
Rio Tinto has waited patiently for over a decade to begin mining at Bunder, in the Madhya Pradesh state.
Moody's has given its first time rating to DIAL and its dollar bonds.
Revamp will create a property firm and a globally diversified conglomerate.