New Delhi: Petrol prices may be cut by as much as Rs. 1-1.50 per litre next week on falling international oil rates and appreciating rupee but a one-time hike in diesel and possibly LPG rates
NEW DELHI: London-listed Essar Energy plc today said it has got an additional borrowing of $300 million that will be mostly used to repay an existing bridge loan.The company said, “it has upsized its existing
Mumbai: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank. “The Reserve Bank of India has appealed to members of
MUMBAI: State-owned India Infrastructure Finance Company Ltd (IIFCL) has sought the market regulator SEBI's approval to raise up to Rs 8,171 crore through tax-free bonds.“Public issue by IIFCL tax-free, secured, redeemable, non-convertible bonds in the
New Delhi: Demand slowdown is causing stress to Indian companies, suggests a report by credit rating agency Crisil's ‘State of the Nation.' “What stresses nearly a quarter of the companies analysed is the demand slowdown. Two
Mumabi: The Reserve Bank on Tuesday said corporate investments are likely to remain subdued this fiscal and may even fall below the level seen last year. “The envisaged investment by the private corporate sector this fiscal
Bangalore: Seeking to counter Tamil Nadu Chief Minister Jayalalithaa, Karnataka government today defended its proposal to build a reservoir across the Cauvery river at Mekedatu to generate hydro-electric power, saying it is in conformity with
NEW DELHI: India's trade deficit for the month of August narrowed to $10.9 billion, versus $12.26 billion in July. The deficit narrowed on the back of improving exports and declining imports, and was down 11%
New Delhi: The recent Global Competitiveness Report 2013-14, ranking India at No. 60, leaves no doubt that these are exceptionally dire times for the Indian economy. This World Economic Forum report of Sep 4 puts
HYDERABAD: The Income Tax Department slapped a Rs 1,631-crore demand notice on the State-owned National Mineral Development Corporation (NMDC) Ltd for assessment years 2006—07, 2007—08, 2008—09 and 2009—10, alleging the PSU had under-invoiced some export
New Delhi: Gold prices recovered by Rs 270 to Rs 31,370 per ten gram on fresh buying by stockists despite a weak global trend.However, silver plunged by Rs 970 to Rs 53,330 per kg on
NEW DELHI: Former MP Subramanian Swamy on Monday moved the Delhi High Court challenging the Centre's clearance given to the proposed low-cost airline AirAsia India.The Supreme Court had on August 16 asked the senior politician,
LONDON: India's growth prospects in the near-term are still weak and is facing financial turmoil triggered by possible tapering of quantitative easing policy in the US, according to Paris-based think-tank OECD.The projection comes against the
New Delhi: The civil aviation sector has reported a loss of Rs 9,771 crore in fiscal 2012-13 and debt of Rs 85,865 crore as on March 31, 2013, according to Union Civil Aviation Minister Ajit
New Delhi: India's gold imports crashed 95% in August to just 2.5 tonne from month before, easing pressure on policymakers as they struggle to contain the depreciation of the Indian rupee to the US dollar
New Delhi: Moving ahead with implementation of the new Companies Act, the government has released detailed draft norms for various clauses of the new law that overhauls the way corporates function and are regulated in
NEW DELHI: The Telecom Regulatory Authority of India has recommended flat spectrum usage charges. It has also proposed spectrum trading.TRAI has recommended a 67 per cent cut in the reserve price for auction of telecom
New Delhi: Grappling with the stressed economy , Finance Minister P Chidambaram on Saturday said "hard decisions" would be taken in the next few days and weeks to trim wasteful expenditure and curb import of
New Delhi: RBI's fight to prop the tottering rupee has contributed substantially to forex reserves dipping by a hefty 416.554 billion or 6 per cent to a low of 4275.49 billion since the beginning of
Bhubaneswar: The fundamentals of our economy remain strong though growth has slowed down in recent times, President Pranab Mukherjee said here on Saturday before winding up his two-day Odisha trip."Steps are being taken to contain
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