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CBI charge sheets company of cheating bank by Rs 102.45 cr

CBI charge sheets company of cheating bank by Rs 102.45 cr

CBI has charged a Gurgaon-based businessman with cheating Indian Overseas Bank of Rs 102.45 crore by submitting forged bills of iron ore exports.

India needs to scrap iron ore export tax as prices sink: Sesa

India needs to swiftly remove a tax on iron ore exports, the country`s top private miner of the commodity said, calling the duty an "economic barrier" in the face of falling global prices.

Iron ore exports up 2% in FY14;to grow at healthy rate in FY15

Iron ore exports, which declined from over USD 7 billion per annum to USD 1.69 billion in 2013-14, are expected to get a big boost following the Supreme Court's order to lift mining restrictions in Goa.

Care for curbs on iron ore fines export, warns of low reserves

As per its estimates, domestic iron ore demand is likely to grow around 7 percent per annum to reach 169 million tonnes (MT) per annum by FY'18.

India's iron ore exports down 28% to 11.17 MT in Apr-Dec

India's iron ore exports have gone down by 28.16 percent during April-December of the current fiscal to 11.17 million tonnes (MT) as gloom continues over the sector due to the present regulatory scenario, mineral industries body FIMI said today.

Mines Min to seek reduction in iron ore fines export duty

Concerned over steep decline in iron ore exports, Mines Ministry will seek from its finance counterpart reduction of duty on fines from the current 30 percent.

Iron ore exports likely to be in single digits in FY14: FIMI

Iron ore exports may remain in the range of 8-9 million tonnes in the next financial year and the country may become a net importer of the commodity, an industry official said.

Iron ore exports fall by 68% during Apr-Jan period: FIMI

The country had exported 515.19 lakh tonnes of iron ore in the corresponding period in the last financial year.