Coal India Limited well poised to register double digit growth rate: Goyal

Arun Jaitley calls for easier norms for MNCs, competitive taxation policies

Finance Minister Arun Jaitley has said India must become more competitive in a range of areas including infrastructure and taxation. Addressing at the convocation of Management Development Institute in Gurgaon yesterday, Mr Jaitley said, steps like providing stability in taxation policies will not o...

Gold up by Rs 185 to Rs 26,500 per ten grams

Gold gained 185 rupees, to 26,500 rupees per ten grams at Delhi's bullion market on Saturday, on buying by jewellers and retailers, amid a firm global trend. Silver surged 1,450 rupees, to 38,000 rupees per kilo, on increased offtake by industrial units and coin manufacturers. Silver coins ...

Government rejects bids of Jindal Steel and Power Ltd and Balco

The government has rejected the bids of Jindal Steel and Power Ltd and Balco, amid speculation of cartelisation during the auction of Coal blocks held recently.In a tweet Coal Secretary Anil Swarup said Friday that that the government was re-examining the bids for nine recently auctioned Coal blocks...

Indian Ocean region must evolve a common regional standard to promote intra-regional trade: Sushma Swaraj

External Affairs Minister Sushma Swaraj has said countries in the Indian Ocean region must evolve a common regional standard to promote intra-regional trade. Speaking at the International Conference on India and the Indian Ocean-Renewing the Maritime Trade and Civilisational Linkages in Bhubaneshwar...

China-led AIIB to be formally established by end of this year

The China-led Asian Infrastructure Investment Bank, AIIB will be formally established by the end of this year. China's Finance Minister, Lou Jiwei said today that Beijing was communicating with the United States and Japan over its formation. He said in an interview with state media that the...

Wheat production expected to be about 95.76 mn tonnes in 2014-15: Govt

The government today said that the total production of wheat in the country is expected to be about 95.76 million tonnes during 2014-2015, according to latest estimates. This is marginally lower than the highest-ever wheat production of 95.76 million tonnes during 2013-2014. Minister of State for Ag...

REITs, will eventually make it big in India: U K Sinha

SEBI chairman U K Sinha today said that Real Estate Investment Trusts, REITs, will eventually make it big in India. He also said that there is a need to look into the reasons why there has been very little enthusiasm on REITs so far in the market. Speaking at a conference organised by SEBI on REITs ...

Worst is over for country's economy: Russian FM Siluanov

Russian Finance Minister Anton Siluanov has said in a conference of the nation's big business lobby that the worst is over for the country's economy and the financial market is showing momentum toward growth following global oil declines and Western sanctions.The conference in Mosc...

FM Jaitley asks Opposition parties not to obstruct reforms process

Union Finance Minister Arun Jaitley has sought cooperation from Opposition parties and asked them not to obstruct or delay reforms process. Replying to the debate on the General Budget-2015-16 in Rajya Sabha yesterday, Mr Jaitley said, the country needs to have larger consensus for growth in country...