India tests American crude oil to cut dependence on Middle East
NEW YORK/NEW DELHI: India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up “test” purchases of US grades to diversify their imports. US exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with More...
7th Pay Panel brings Diwali bonanza for many
NEW DELHI : The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the revision of pay scales for about eight lakh teachers and other academic staff in higher educational institutions under More...
Slowdown ‘Exaggerated By Pessimists’, Modi says govt working for India’s future
NEW DELHI : Prime Minister Narendra Modi today refuted criticism of his government’s handling of the economy, stating a “handful of people” are trying to spread a contagion of pessimism based More...
Bangladesh signs USD 4.5 bn loan deal with India
DHAKA : Minister for Finance and Corporate Affairs of India Arun Jaitley on a three day visit to Dhaka had bilateral talks with his counterpart Abul Maal Abdul Muhith. The two Ministers discussed the economic relationship More...
Liquor baron Vijay Mallya gets bail soon after arrest in London
LONDON/NEW DELHI : The liquor baron Vijay Mallya was today briefly arrested by the UK police in a money laundering case and later released on bail. He was granted bail by the Westminster Magistrates’ Court More...
Deadline for selling pre-GST goods extended to December 31
Mumbai: Union Minister for Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan addresses a press conference in Mumbai on Monday to brief about initiatives of his Ministry during the last one year. More...
This was Anmol Ambani first public speech as ED of Reliance Capital,
MUMBAI : Twenty five-year-old Anmol Ambani was the top twitter trend this evening for at least three hours after he addressed an annual general meeting (AGM), along with parents Tina and Anil Ambani, of the Reliance More...
Arvind Subramanian to continue as CEA Says FM Arun Jaitley
NEW DELHI : The government will extend the term of chief economic adviser Arvind Subramanian by one year till October 2018, finance minister Arun Jaitley said on Saturday. Subramanian, a senior fellow at the More...
Sensex cracks over 300 points, Nifty below 10,000-mark amid weak global cues
MUMBAI: Indian shares fell around 1% on Friday, while the rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative More...
‘Infosys Hasn’t Failed’: Government Backs IT Firm
BANGALURU : A group of ministers (GoM) – appointed by the Goods and Services Tax (GST) Council to look into the technical challenges that have been facing after the launch of this massive tax reform – More...