India cos overseas borrowing falls to $1.07 bn in July
Mumbai: Overseas borrowings by Indian companies fell to $1.07 billion in July from $1.99 billion in the previous month,Reserve Bank data showed. These were raised through external commercial borrowings and foreign currency convertible bonds for various purposes.
SC reserves judgment on mining review petitions
New Delhi: The Supreme Court on Tuesday reserved its judgment on the maintainability of a bunch of review petitions by the Central and the Karnataka governments as well as some mining companies,which have sought modification of its 2010 judgment. The judgment had set aside a recommendation by Karnataka government,endorsed by the Centre,to allow mining of iron and manganese ores by JSW Steel and Kalyani Steels at 380 hectares of land in Sandur.
AI,Jet Airways hike fuel surcharge on tickets
Mumbai: Air India,Jet Airways and its subsidiary JetKonnect have hiked fuel surcharge on tickets ranging from Rs 150 to Rs 250 for domestic travel and $15 (Rs 825) for a one-way international ticket,following an almost 7 per cent increase in jet fuel prices.
Central trade unions call for 2-day shutdown
New Delhi: Central trade unions cutting across party affiliations,on Tuesday decided to enforce a two-day nationwide strike ahead of the presentation of the Union Budget next year. This is the first time they have called for a two-day shutdown to pursue their demand of fixing the minimum wage for unorganised sector workers at Rs 10,000 per month with social security benefits.
Indian Bank,Dena Bank cut loan rates
New Delhi: State-run Indian Bank has reduced interest rates on home and car loans by up to 0.5 per cent. Dena Bank also announced reduction in interest rates on car and education loans by up to 2 per cent.