India mulls Iran payment option

India plans to use the euro as well as the rupee to continue its vital trade in crude with Iran in view of the US sanctions on Tehran.
Jayanta Roy Chowdhury Jun 08, 2018 00:00 IST

RIL lists future growth drivers

Reliance Industries chairman and managing director Mukesh D Ambani expects digital services and organised retail to contribute "meaningfully" to the private sector's consolidated profits even as both these consumer segments will be on a par with its energy and materials business over the next decade.
Our Special Correspondent Jun 08, 2018 00:00 IST

RBI energiser for stocks

The Reserve Bank's decision to hike repo rates may have brought bad news to borrowers of home and auto loans, but it has certainly cheered up the stock markets.
Our Special Correspondent Jun 08, 2018 00:00 IST

Moody's flashes rating warning

Rating agency Moody's has warned the government risks a rating review if it resorts to a higher capital expenditure that threatens the fiscal deficit target of 3.3 per cent of GDP for this fiscal.
Our Special Correspondent Jun 08, 2018 00:00 IST

Hurdles to GST refund for exports removed

The CBIC has allowed the clearance of GST refunds based on PAN of exporters if such refunds are held up due to a mismatch in GSTIN mentioned in shipping bill and return forms.
Our Special Correspondent Jun 08, 2018 00:00 IST

Odisha offer for steel JV

The Odisha government on Thursday said it was inviting the SAIL-ArcelorMittal joint venture to set up an automotive grade steel plant in the state as ample land was available there.
Jun 08, 2018 00:00 IST

Goyal to meet banks

Finance minister Piyush Goyal will meet the heads of public sectors banks based out of western and southern regions on Friday to resolve various issues concerning them.
Jun 08, 2018 00:00 IST

US lifts ban on China's ZTE

US commerce secretary Wilbur Ross said on Thursday that Washington has reached a deal with ZTE Corp that would reverse a ban on buying parts from US suppliers, allowing China's No. 2 telecom equipment maker to get back into business.
Jun 08, 2018 00:00 IST

Creditor status for home buyers

President Ram Nath Kovind on Wednesday approved the Insolvency and Bankruptcy Code Ordinance, 2018, which places home buyers on a par with other financial creditors of a bankrupt realty firm.
Our Special Correspondent Jun 07, 2018 00:00 IST

IBC tweak rules out late bids

The Modi-government has decided to stop "late bids" for bankrupt firms under the IBC process and will not allow financial creditors to negotiate with those who stump up high bids after the deadline for submission expires.
Our Bureau Jun 07, 2018 00:00 IST

RBI stance boosts market sentiment

The neutral stance by the Reserve Bank of India (RBI) coupled with relaxations given on Wednesday to banks on spreading their bond losses saw the benchmark Sensex surging almost 276 points. This surge came despite the central bank raising the repo rate by 25 basis points.
Our Special Correspondent Jun 07, 2018 00:00 IST


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