Inflation panel focus
New Delhi, Sept. 2: The inter-ministerial group on inflation management, headed by chief economic adviser Kaushik Basu, today discussed the demand and supply issues facing the country amid acute concerns over rising prices. “Today’s meeting concentrated on macro-economic demand management with focus on fiscal and monetary policy issues,” the finance ministry said.
New Delhi, Sept. 2: Maruti Suzuki India has started operations at its second plant at its Manesar facility. The development comes at a time Maruti is trying to restore normal production at its first plant amid an impasse between the management and workers.
Mumbai, Sept. 2: India Inc raised over $4.16 billion from overseas markets in July through external commercial borrowings (ECB) and foreign currency convertible bonds. Around 85 firms raised over $3.67 billion through the automatic route.
New Delhi, Sept. 2: The SBI today said its Rs 20,000-crore rights issue proposal was on track and the bank was not looking at any other options to raise capital.
New Delhi, Sept. 2: The government has extended the tenure of Coal India Ltd’s (CIL) acting chairman N.C. Jha for another three months.