Export target miss fear
Mumbai, Nov. 24: The country is likely to miss its exports target and may end up below the $300-billion mark in 2015-16 because of the global slowdown, a senior official has said. "We have registered exports of $312 billion last year and set a target of $325 billion this fiscal. We will be very happy if we achieve exports of $300 billion, but may fall short of $300 billion," ministry of commerce and industry joint secretary Ravi Kapoor said.
New Delhi, Nov. 24: Tata Sons chairman emeritus Ratan Tata has invested an undisclosed amount in Singapore-based big data company Crayon Data. The investment was made in his personal capacity.
New Delhi, Nov. 24: Justdial today said it will spend up to Rs 164.5 crore in buying back shares from shareholders. "The buyback is being undertaken to return surplus funds to its shareholders, which are over and above its ordinary capital requirements and in excess of any current investment plans," it said.
New Delhi, Nov. 24: In view of the large number of applications, the Reserve Bank today shifted the issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the RBI's e-Kuber system.
New Delhi, Nov. 24: Telecom regulator Trai today said mobile operators had a call drop rate of as much as 24.59 per cent for 2G services and 16.13 per cent for 3G services during April-June.