Business

September 27, 2014 8:26 AM

Bankers have expressed serious concern regarding the ramifications of the Supreme Court's order cancelling allocation of coal blocks. Speaking to reporters in Mumbai yesterday, the Chief of the Indian Banks Association, M V Tanksale said the banking industry is concerned if the order result...

September 26, 2014 9:15 PM

Continuing a downward trend for the third consecutive week, India's foreign exchange reserves fell by USD 101.3 million to USD 315.596 billion in the week ended 19th September.A RBI press release said that the decline has been registered despite a rise in the Foreign Currency Assets - FCAs,...

September 26, 2014 8:58 PM

Growth rate could touch 5.9% this fiscal: Mayaram<br/>

Finance Secretary Arvind Mayaram today said growth rate in the current fiscal will be in the range of 5.5 to 5.9 per cent, exceeding what the Standard and Poor&apos;s estimate of 5.5 per cent. His remarks came after the Global rating agency S&amp;P today raised India&apos;s outlook to st...

September 26, 2014 8:58 PM

Govt stick to achieve 4.1% fiscal deficit target: Mayaram<br/>

Finance Secretary Arvind Mayaram has said that government will stick to achieve 4.1 per cent fiscal deficit target.He was talking to reporters in New Delhi on Friday. Mr Mayaram expressed confidence that government will be able to manage the situation without any additional borrowing.

September 26, 2014 8:51 PM

Govt to form two JVs for revival of fertilizer plants at Talcher, Ramagundam

Government on Friday proposed the formation of two joint ventures for the revival of closed fertilizers plants at Talcher in Odisha and at Ramagundam in Telangana.In a meeting held in New Delhi, Chemical and Fertilizers Minister Mr Ananth Kumar said that Rs. 9, 000 crore have been proposed for the p...

September 26, 2014 8:51 PM

S&P's upgrades outlook for India to 'stable' from 'negative'

In a big sentiment booster, global rating agency, Standard &amp; Poor&apos;s on Friday raised its credit outlook on India to &apos;stable,&apos; from &apos;negative.&apos; This indicates the possibility of a rating upgrade.S&amp;P said its outlook revision indicates its b...

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