IGL hikes piped natural gas prices in Delhi and adjoining areas

Consumers will now have to pay more as the increased price of domestic piped natural gas (PNG) in Delhi and its adjoining areas has come into effect from today. The Indraprastha Gas Limited-IGL has increased the price following the increased input gas price. The new price of PNG in Delhi will be 23....

SL rejects diesel imported by IOC's Lanka subsidiary<br/>

Sri Lanka has rejected the 5,000 metric tonnes of diesel imported by Indian Oil Company&apos;s Lanka subsidiary, saying the imported oil was substandard. Ceylon Petroleum Storage Terminals Limited rejected the diesel imported from Singapore today, pending further tests. Lankan IOC Managing Direc...

UAE emerges as third largest re-exporter of plastic goods and India number one importer of plastics from the country

Finance Minister asks banks to improve operational efficiency to bring down interest rates

finance Minister P Chidambaram has asked banks to improve their operational efficiency to bring down interest rates. He was talking to SBI officials at its headquarters in Mumbai on Saturrday. He said, RBI recently lowered its key lending rates. Some banks have passed the benefit to borrowers, but m...

A leading business daily prepares list of top 50 richest Indians in the gulf region

The first ever list of top 50 richest Indians in the gulf region reveals that their net worth is over 40 billion dollar. The list has been compiled by the leading business daily, Arabian Business. The Landmark Group founder Micky Jagtiani tops the list with an estimated wealth of 4.5 billion dollar....

Functioning of stock market needs to be exposed: Chidambaram

Finance Minister P Chidambaram says, there is a need to expose the functioning of stock market and deal with insider trading issues to inject confidence in retail investors. Chidambaram was speaking at the inauguration of the new stock exchange MCX-SX in Mumbai on Saturday.Expressing concerns over m...

Economy growth likely to be 5.5% in 2012-13: Chidambaram

Union finance minister P. Chidambaram said that the Government is confident to achieve an economic growth closer to 5.5 percent in the fiscal year 2012-13.He said in Mumbai that though the Central Statistics Office has projected 5 percent growth, Indian economy it will come out to reach to the high ...

Min Scindia meets bankers to iron out problems in lending to power sector

Power Minister Jyotiraditya Scindia today met bankers and heads of financial institutions to iron out the problems faced by them while lending to the sector. Talking to reporters after an hour long meeting with the bankers in New Delhi,he said that the Bankers raised problems faced while lending to ...

FM launches Rajiv Gandhi Equity Savings Scheme

Finance Minister P. Chidambaram has launched the much-awaited Rajiv Gandhi Equity Savings Scheme in Mumbai.The move would encourage new investors to put their money in the stock market.The scheme, which was announced in the Budget, seeks to provide tax benefits to first-time investors in stock marke...

FM expects 5.5 % economic growth during current fiscal

Finance Ministry expects economic growth to be 5.5 per cent or more in the current financial year. In a statement, the ministry said that the advance estimates of five per cent GDP growth for 2012-13 by Central statistical organization, CSO, is disappointing. However, the ministry said that advance ...