Banking operations in public banks disrupted due to nation-wide strike

Normal banking operations in public banks may see some disruption today because of a nation-wide strike to protest against the government's proposed consolidation move besides raising other demands.Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions are exp...

India, Canada start next round of free trade agreement talks

The 10th round of negotiations for the proposed free trade agreement between India and Canada started in New Delhi today. The commerce ministry said both sides discussed issues relating to goods market access. The previous round of negotiations was concluded in New Delhi in March 2015. The negotiati...

FDI jumps 37% to 10.4 billion USD during April-June 2017

ONGC board approves HPCL takeover of 51.11% stake

The board of state-owned Oil and Natural Gas Corp, ONGC, has given 'in-principle' approval to acquire government's 51(point)11 per cent stake in Hindustan Petroleum Corp Ltd.The ONGC board at its meeting in New Delhi on Monday constituted a committee of directors to examin...

FDI grows by 37% to USD 10.4 billion during April-June 2017

Foreign direct investment (FDI) into the country grew by 37 per cent to USD 10.4 billion during the first quarter of the current fiscal. According to the figures of the Department of Industrial Policy and Promotion (DIPP), India had received USD 7.59 billion FDI during April-June 2016-17.The main se...

India, Canada start next round of free trade agreement talks

The 10th round of negotiations for the proposed free trade agreement between India and Canada started in New Delhi today. The commerce ministry said both sides discussed issues relating to goods market access. The previous round of negotiations was concluded in New Delhi in March 2015. The negotiati...

Govt puts urad, moong dal imports under restricted category

The government today put imports of Urad and Moong dal under the restricted category and fixed an annual cap of three lakh tonnes for their import. The move will help stabilise domestic prices which have fallen below the minimum support level and are hurting farmers. The Directorate General of Forei...

Public sector Bank employees threaten strike tomorrow

Public sector Bank employees have threatened to go on a one day strike tomorrow against government's proposed move for consolidation of banks. The strike called by all union under the umbrella of United Forum of Bank Unions may affect services in public sector banks.Other demands include no...

Sensex declines 118 points to 31,406

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange lost ground, and had declined 118 points, or 0.4 percent, to 31,406 a short while ago. The Nifty at the National Stock Exchange had dropped 31 points, to 9,806.But at the forex market, the rupee had appreciated 1...

Jaitley calls for speedy and time-bound resolution of bad loans of banks

Finance Minister Arun Jaitley has assured balance-sheet stressed firms that the key objective of NPA resolution is not liquidation of their businesses but to save them. He said, the objective is to make sure that these valuable assets are preserved.Addressing an insolvency summit organised by Confed...