Business News

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Credit offtake by India Inc slides during April-August

Rising stressed asset quality of banks a major factor behind fall.

WTO commitment: DGFT seeks paring of textile sector incentives

The sector got sops worth Rs 20,000 crore in 2013-14 under several schemes including focus market scheme and focus product scheme.

Re hits 7-mth low ahead of RBI review

FII outflow dampens sentiment.

2G redux: Apex court reboots opaque allotments

In the coal case, the judgement regretted that it took almost 8 years in putting in place an allocation process through competitive bidding.

Investor doubts back as Modi heads for US

The impact of the verdict is likely to be felt most by the fuel-starved power sector, which is the largest end-user of coal in the country.

China talks business, enters into pacts

Indian and Chinese firms signed 23 deals worth $3.43 billion, including the $2.6-billion deal between low-cost carrier IndiGo and China’s largest commercial bank ICBC.

Gas price panel discussion today, $6-7 per unit likely

the PANEL report will be taken up by the oil ministry and a recommendation will be sent to the CCEA.

Centre likely to stick to its borrowing plan for H2FY15

The market borrowings are one of the sources for funding the fiscal deficit along with tax and non-tax revenues.

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Inflation falls to 5-yr low but RBI may hold rates

From 5.19% in July, inflation down to 3.74% in Aug; lowest since Oct 2009.

Govt okays R930-cr scheme to boost capital goods sector

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs that is chaired by the Prime Minister.

Exports growth hits 5-month low in Aug; trade gap widens

Gold imports nearly tripled to $2.03 billion in August from $738.7 million a year ago.

US wealth gap ‘unsustainable’: Harvard study

Report is based on a survey of 1,947 HBS alumni.

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Moody’s to visit India for review of sovereign rating

FinMin says clear case for upgrade as economy on strong footing.

Sesa Sterlite gets prospecting licence for laterite deposits in Orissa

The company currently brings in bauxite from outside the state to feed the 1 mtpa aluminium refinery at Lanjigarh.

Govt downsizes officials’ team heading to Japan, South Korea

Instead of 10, four officials of Commerce, Steel ministries to go on annual trip.

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