Economy News

FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.

Oct 19, 2018, 13:19 PM IST
India imposes anti-dumping duty on certain steel products from China

India imposes anti-dumping duty on certain steel products from China

Domestic steel manufacturers always flag concerns over the imports from the neighbouring country, with which India has a huge trade deficit.

Oct 19, 2018, 11:04 AM IST
Fuel prices dip further, petrol in Delhi settles at Rs 82.38, diesel nears Rs 80 in Mumbai

Fuel prices dip further, petrol in Delhi settles at Rs 82.38, diesel nears Rs 80 in Mumbai

The diesel price mark was Rs 75.48 per litre, a decrease of 10 paise in Delhi and for Mumbai, the price was Rs 79.13 per litre, a decrease by 11 paise. 

Oct 19, 2018, 07:39 AM IST
SIM cards issued through Aadhaar will not be disconnected, re-verification of mobile subscribers' KYC details to be optional: Government

SIM cards issued through Aadhaar will not be disconnected, re-verification of mobile subscribers' KYC details to be optional: Government

The DoT and UIDAI issùed a joint statement in which they assured mobile subscribers that there was no reason for panic.

Oct 18, 2018, 12:24 PM IST
Fuel prices witness dip, petrol in Delhi settles at Rs 82.62, diesel nears Rs 80 in Mumbai

Fuel prices witness dip, petrol in Delhi settles at Rs 82.62, diesel nears Rs 80 in Mumbai

The diesel price mark was Rs 75.58 per litre in Delhi and for Mumbai, the price was Rs 79.24 per litre -- both a decrease by 11 paise. 

Oct 18, 2018, 07:45 AM IST
Rupee climbs to 73.42, gains 6 paise against US dollar

Rupee climbs to 73.42, gains 6 paise against US dollar

The rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the American currency by exporters and banks.

Oct 17, 2018, 10:00 AM IST
India’s overall exports expected to grow in April-September 2018-19

India’s overall exports expected to grow in April-September 2018-19

India’s overall exports in April-September 2018-19 are estimated to be USD 265.39 billion, exhibiting a positive growth of 17.38 per cent over the same period last year.

Oct 16, 2018, 22:46 PM IST
CVC shares report on top 100 bank frauds with RBI, ED and CBI

CVC shares report on top 100 bank frauds with RBI, ED and CBI

The modus operandi of these top 100 loans has been thoroughly analysed and various loopholes or lapses have been identified.

Oct 16, 2018, 18:08 PM IST
Rising diesel prices threaten to derail Railway budget

Rising diesel prices threaten to derail Railway budget

Sources say soaring diesel prices could add Rs 800 crore to Rs 1,000 crore to the total amount of approximately Rs 18,000 crore already spent on the fuel each year.

Oct 16, 2018, 17:48 PM IST
Fuel price hike: Diesel crosses Rs 80 mark in Chennai, petrol nears Rs 89 in Mumbai

Fuel price hike: Diesel crosses Rs 80 mark in Chennai, petrol nears Rs 89 in Mumbai

Petrol and diesel prices surged up again on Tuesday.

Oct 16, 2018, 07:14 AM IST
Saudi Arabia promises to fill gap created in supply of oil to India

Saudi Arabia promises to fill gap created in supply of oil to India

US sanctions on Iran from first week of November could hit supplies to India but Energy Minister Khalid al-Falih calls Saudi Arabia a 'shock absorber.'

Oct 15, 2018, 18:40 PM IST
India's exports decline 2.15% in September

India's exports decline 2.15% in September

Imports, however, went up by 10.45 percent in September.

Oct 15, 2018, 17:31 PM IST
India has optional volumes from Saudi, others to make up for shortfall from Iran

India has optional volumes from Saudi, others to make up for shortfall from Iran

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

Oct 15, 2018, 17:17 PM IST
PM Narendra Modi urges oil producers to bring down oil rates to reasonable levels

PM Narendra Modi urges oil producers to bring down oil rates to reasonable levels

PM said crude oil prices at a four-year high was hurting global growth, causing inflation and upsetting budgets of developing countries like India.

Oct 15, 2018, 17:02 PM IST
Semi-high speed Train 18 all set to be launched, to replace Shatabdi Express

Semi-high speed Train 18 all set to be launched, to replace Shatabdi Express

Train 18, a 100 perent 'Make in India' project will be manufactured at Integral Coach Factory in Chennai.

Oct 15, 2018, 15:06 PM IST
India hopes to finalise partners for strategic oil reserves within a year

India hopes to finalise partners for strategic oil reserves within a year

India`s government approved two strategic petroleum reserve (SPR) sites with a total capacity of 6.5 million tonnes in June.

Oct 15, 2018, 13:13 PM IST
September WPI inflation at 1-year high of 5.13%

September WPI inflation at 1-year high of 5.13%

The index for fuel and power group rose by 2.2 percent to 107.2 from 104.9 for the previous month.

Oct 15, 2018, 12:31 PM IST
Petrol and diesel prices touch new heights again, no relief in sight

Petrol and diesel prices touch new heights again, no relief in sight

Petrol and diesel prices, once again, scaled to new heights on Monday. 

Oct 15, 2018, 07:59 AM IST
Hike in fuel prices continue; petrol at Rs 82.72 in Delhi, Rs 88.18 in Mumbai

Hike in fuel prices continue; petrol at Rs 82.72 in Delhi, Rs 88.18 in Mumbai

Hike in fuel prices continue; petrol at Rs 82.72 in Delhi, Rs 88.18 in Mumbai on Sunday.

Oct 14, 2018, 07:11 AM IST
Fuel prices maintain upwards trajectory across country

Fuel prices maintain upwards trajectory across country

With US sanctions on Iran looming large, tougher days could be ahead because India is Tehran's second-largest oil buyer. 

Oct 13, 2018, 07:33 AM IST

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