Exports to miss target
Mumbai, Feb. 20: Exports are likely to miss the target and settle at $300 billion in 2012-13 because of a slowdown in demand in traditional markets, commerce and industry minister Anand Sharma said here today. The government has set an export target of $360 billion for the current financial year. “Exports have not grown as we were hoping because of the contraction in global trade, the continuing turbulence in the Eurozone and the fall in demand in some of the traditional destinations,” he said.
Mumbai, Feb. 20: The Securities Appellate Tribunal will hear tomorrow an appeal by Reliance Industries (RIL) against market regulator Sebi in a matter related to rejection of its plea for consent settlement. RIL’s appeal against Sebi was earlier scheduled for January 24, but was adjourned to February 21.
New Delhi, Feb. 20: The government today decided against relocating power producer NTPC’s proposed 1,980 MW North Karanpura project in Jharkhand and the plant will get necessary coal linkages.
New Delhi, Feb. 20: Hospitality major InterContinental Hotels Group (IHG) plans to open 47 new hotels in India by 2017 thereby taking its room strength to over 12,000 in the country.
New Delhi, Feb. 20: The finance ministry will prepare a cabinet note on the framework of the exchange traded fund (ETF) for PSU firms with a view to attract investment and promote divestment.