Mumbai: Indian Palm oil imports are likely to remain at 83 lakh tonnes in the oil year 2013-14 starting from November, as local refiners prefer cheaper alternatives like soy and sunflower oil, Godrej International Director
Mumbai: Bharat Petroleum Corporation Limited (BPCL) has said there is no question of shelving its ambitious plan of foraying into niche petrochemicals with the Rs. 5,000-crore Kochi petrochemicals project, though its joint venture with Korean
New Delhi: A high-level panel headed by Economic Affairs Secretary Arvind Mayaram is likely to submit a report on alleged irregularities at beleaguered bourse National Spot Exchange Ltd (NSEL) on Monday to Finance Minister P
New Delhi: State-owned steel maker Steel Authority of India Limited (SAIL) plans to invest around Rs. 800 crore to develop Bhilwara iron ore mine in Rajasthan and set up a pellet plant with 2 million
New Delhi: In a major overhaul of corporate governance norms, the Securities and Exchange Board of India (Sebi) will soon put in place stringent checks against unjustifiable CEO salaries at listed companies and ask them
Rajkot: A senior official of Sardar Sarovar Narmada Nigam Limited (SSNNL) today said the main canal work from Narmada to Saurashtra had been completed, while the branch canal work, which was underway, was likely to
Bhubaneswar: It would be wise to be bullish on the Indian economy as the country has huge potential in its human capital, Chief Executive Officer of Tata Consultancy Services N Chandrasekaran has said.“Our fundamental strength
New Delhi: When Raghuram Rajan moved to Mint Street in Mumbai earlier this month, expectations were high that he would ease the monetary policy to support growth.Contrary to expectations, Rajan hiked the key policy interest
London: Praising the new RBI Governor Raghuram Rajan for “not falling to populism”, leading NRI industrialist Lord Swraj Paul today supported the decision to raise a key interest rate which had disappointed the Indian industry.“I
New Delhi: Foreign direct investment (FDI) inflows into services sector, declined by 36.5 per cent year-on-year to $1.02 billion during the April-July period.The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing,
Mumbai: Having been surprised by the repo rate increase on inflation concern, analysts expect new Reserve Bank Governor Raghuram Rajan to hike the key rate by another 0.50 per centage points this fiscal.The repo rate
New Delhi: India will build the world's largest 4,000 MW solar project in the western state of Rajasthan.The ultra-mega green solar power project would be built in two phases in an area close to Sambhar
Washington: US President Barack Obama and Indian Prime Minister Manmohan Singh will chart a course towards enhanced economic ties during their meeting here Friday, the White House says.The third meeting between the two leaders in
Vadodara: Small and medium scale companies should get listed on the BSE SME platform so as to avail of various benefits, a top Bombay Stock Exchange official said today.“BSE was the first stock exchange in
Mumbai: India's foreign exchange (forex) reserves increased by $544.7 million to $275.35 billion, led by healthy rise in core currency assets, the Reserve Bank of India (RBI) data showed.According to the central bank's Weekly Statistical
Lucknow: The World Bank has agreed to prepare a blueprint for the three regional growth clusters proposed in Uttar Pradesh on the Eastern Dedicated Freight Corridor (EDFC), Principal Secretary (Industrial and Infrastructure Development) Surya Pratap
New Delhi: The Reserve Bank of India on Friday said the elevated level of retail inflation is worrisome and leaves no room for complacency, while wholesale price inflation will be higher than initially anticipated for
New Delhi: Fitch Ratings cut India's growth forecast for the current financial year to 4.8 percent, saying weak demand is a large drag on the economy.The new estimate compares with projections of 5.7 per cent
Mumbai: Following are the highlights of RBI's mid-quarter monetary policy review:Key short-term lending rate (repo rate) hiked by 0.25 per cent to 7.5 per cent.Borrowing rate for banks reduced under marginal standing facility by 0.75
New Delhi: The Government today approved a proposal to hike dearness allowance to 90 per cent from the existing 80 per cent, a move that would benefit about 50 lakh Central Government employees and 30
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