North East-ASEAN Business Summit begins in Imphal

A three-day North East-ASEAN Business Summit begins this afternoon at the City Convention Centre in Imphal. The Summit is organized by Manipur Commerce and Industries Department in collaboration with the Union Ministries of External Affairs and Development of North-Eastern Region(DoNER), Indian Cham...

Cabinet allows Oil PSUs to have independent crude import policy based on commercial requirements

In a bid to improve operational efficiency, Union Cabinet has allowed public sector oil companies to have their own independent crude import policy based on their commercial requirements. The Cabinet meeting chaired by Prime Minister Narendra Modi yesterday gave its approval to replace the existing ...

India preferred destination bringing FDI flow to highest point: Jaitley

Finance Minister Arun Jaitley today said international investors find India as a preferred destination, bringing FDI flow to a highest point. Addressing a conference in New Delhi today, Mr Jaitley said maintaining a 7 to 7.5 per cent growth rate at the times of global slowdown is by itself a reasona...

IOC to spend Rs 20,000 cr in expansion of its Guj refinery

I-T dept to challenge Bombay HC verdict in Vodafone TP case

Income Tax Department has said it will move Supreme Court challenging the Bombay High Court order in the 8,500-crore rupees Vodafone transfer pricing case. In a series of tweets last night, the IT department said, a substantial question of law has arisen on the issue of taxability of capital gains a...

Panama papers: RBI says it will look into evidence to find out legitimacy of holdings

Cautioning against jumping to conclusions with regard to Panama Papers, the Reserve Bank of India has said it will have to look into the evidence to find out what is legitimate or not. The so-called Panama Papers have disclosed a list of nearly 500 Indians including celebrities and industrialists wh...

Banks likely to push for better repayment offer from Vijay Mallya

Export credit should be part of priority sector lending: Sithraman

Commerce and Industry Minister Nirmala Sithraman today said small exporters are on top of the priority and her ministry will address specific needs of medium,small and micro enterprise sector.Addressing media on sideline of first ever Board of Trade meeting in New Delhi she said in her view, export ...

Global economy losing momentum: IMF chief

The Head of the International Monetary Fund has warned that the global economy is losing momentum and has urged governments to take action to boost growth. IMF chief Christine Lagarde made the remarks yesterday in a speech at Frankfurt's Goethe University. Lagarde also suggested that the IM...

Wall Street lower as investors worry over rate-hike outlook

Wall Street ended lower yesterday as investors fretted over renewed uncertainties about the Federal Reserve's plan to raise interest rates this year. Also weighing on stocks, the International Monetary Fund's Managing Director, Christine Lagarde warned of increasing risks to global...