Business

March 8, 2016 6:51 AM

Iran to resume oil exports to pre-sanction level

Iran says it is aiming to restore oil exports to level that existed prior to western sanctions. Iranian President Hassan Rouhani made the comment during a televised address on Sunday. Iran exported more than 2.6 million barrels of crude oil a day in 2011 before the sanctions. The sanctions then cut ...

March 7, 2016 8:38 PM

FM calls upon States to reform to become best investment destinations

Finance Minister Arun Jaitley has called upon states to reform to become best investment destinations. He said investors do not like policy paralysis and prefer destinations that offer more favourable business and political environment. Addressing domestic and global investors meet in Gurgaon today,...

March 7, 2016 8:14 PM

Mallya cannot withdraw $75-million payout from Diageo: DRT

In a major setback for liquor baron Vijay Mallya, the Debt Recovery Tribunal today barred him from withdrawing 75 million US Dollar that is over 500 Crore rupees exit payment from British liquor giant Diageo till the disposal of Kingfisher Airlines' loan default case filed by SBI. DRT Judge...

March 7, 2016 5:49 PM

Govt to deliberate on sale of non-core assets of banks to resolve bad loans

Minister of State for Finance, Jayant Sinha has said that the government is working with RBI to resolve the problem of bad loans, which is going to continue till March next year. Speaking to reporters at New Delhi Friday at the second edition of Gyan Sangam, a meeting of heads of public sector finan...

March 7, 2016 5:47 PM

FPIs infuse Rs 4,100-cr in equities in just 4 trading sessions

Foreign funds pumped-in over 4,100 crore rupees in the Indian equity markets in the last four trading sessions of last week, ending March 4. However, they pulled out 746 crore rupees from the debt markets during the period under review. Foreign Portfolio Investors have now turned net buyers in equit...

March 7, 2016 5:07 PM

Govt to import 8,500 tonnes of pulses

Government has contracted import of Eight thousand Five Hundred tonnes of pulses and the shipments are on the way. The pulses procurement for buffer stock has also surpassed the target of 50 thousand tonnes set for this kharif season. Consumer Affairs Secretary C Viswanath today reviewed the prices ...

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