Exports up 9% in four months
New Delhi, Sept. 1: The country’s exports grew by over 9 per cent to $17.78 billion in the first four months of this year, but a steep 23 per cent rise in imports widened the trade deficit. In July, exports grew by 5.75 per cent to $4.69 billion, while imports were valued at $5.7 billion, up by 17 per cent, according to the official figures. During April-July this fiscal, imports had surged by 23 per cent to $22.72 billion mainly due to increase in non-oil imports, thus more than doubling the trade deficit to $4.94 billion.
New Delhi, Sept. 1: The government today approved 17 foreign direct investment proposals totalling Rs 588.54 crore, including that of CDC-PTL Holdings’ plans to acquire Punjab Tractors’ shares worth Rs 452 crore.
New Delhi, Sept. 1: Dipankar Sanyal, one of the top officials of Oracle India, today resigned from the company. A company spokesperson said, “Dipankar Sanyal, director, public service, is leaving to pursue other opportunities.”
Mumbai, Sept. 1: The Reserve Bank has granted licence to Asset Reconstruction Company of India Ltd (ARCIL), promoted by ICICI Bank, State Bank of India and Industrial Development Bank of India.
Mumbai, Sept. 1: Reliance Industries today raised the prices of polymer, polyesters, polyethelene therapthelate, and fibre intermediates for September.