Business

June 28, 2015 1:43 PM

Athens won't be able to receive any payment until it settles its debt: IMF

The International Monetary Fund Managing Director Christine Lagarde said today that Athens won't be able to receive any payment from the IMF until it settles its debt and solves the existing issues with the financial institution. Nevertheless, she said, the IMF stands ready for continuing t...

June 28, 2015 12:51 PM

Centre planning to set up venture capital fund to boost pharma sector

The government plans to set up a 500 crore rupee venture capital fund to boost domestic pharma industry and provide cheaper loans to entities looking to establish or upgrade manufacturing facilities. The government is working on various proposals, including single window clearance for drug approvals...

June 27, 2015 8:44 AM

Centre hikes Minimum Export Price of onion

The Centre has hiked the Minimum Export Price (MEP) of onion by 175 dollar per tonne to 425 dollar per tonne to ensure adequate supply in the domestic market and contain price rise of the commodity.According to a notification issued yesterday by the Directorate General of Foreign Trade the MEP for e...

June 26, 2015 8:35 PM

Govt steeply hikes minimum export price for onion to $425 ton <br/>

Government today increased sharply the minimum export price (MEP) of onion by 175 US Dollars per tonne to 425 US Dollars per tonne to ensure adequate domestic supply and contain price rise. Directorate General of Foreign Trade (DGFT) said in a notification that the new MEP - rates below which no exp...

June 26, 2015 1:48 PM

Highly indebted Corporates responsible for poor credit growth: RBI report

The Reserve Bank of India has said, corporates working with highly borrowed money are slowing the growth of bank lending and therefore preventing better monetary transmission as they may not be in a position to benefit from falling interest rates. The Bank said this would be due to their high levels...

June 26, 2015 9:21 AM

Asia stocks fall as Greek fails to clinch debt deal

Asian equities fell today as Greece failed again to reach an agreement with its creditors and stumbled toward a default, while major currencies like the euro and dollar drifted as the debt saga sidelined investors. Japan&apos;s Nikkei .N225 dipped 0.1 percent. Australian shares AXJO lost 0.9 per...

June 26, 2015 8:51 AM

Tomar to inaugurate 4th India Minerals & Metals Forum 2015

Steel and Mines Minister Narendra Singh Tomar will inaugurate the 4th India Minerals and Metals Forum 2015 in New Delhi . An official release said, the resurgence in domestic economic growth will increase the metal consumption. It said, the formation of new stable government at the Centre has reassu...

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