Briefly Business: Exports post 3.8% growth in Nov,slowest in 2 years

Indias exports recorded their slowest pace of growth in two years at 3.8 per cent in November after being hit by the global slowdown

Exports post 3.8% growth in Nov,slowest in 2 years

New Delhi: Indias exports recorded their slowest pace of growth in two years at 3.8 per cent in November after being hit by the global slowdown. In sharp contrast,imports grew at a faster rate of 24.5 per cent year-on-year to $35.9 billion in November,translating into a trade deficit of $13.6 billion,according to Commerce Ministry data released on Monday.

Coal India board approves new pricing mechanism

New Delhi: State-owned Coal India (CIL) on Monday said its board has approved switching over to internationally-accepted Gross Caloric Value-based pricing mechanism. The new system is based on the recommendations of the Integrated Energy Policy Committee and the Expert Committee on Road Map for coal sector reforms.

NK Nanda appointed acting CMD of NMDC

Story continues below this ad

New Delhi: State-owned NMDC Monday said the companys Director (Technical) N K Nanda will hold the additional charge of Chairman and Managing Director (CMD). The development follows Rana Som,the former CMD of NMDC retiring from the services of the company on December 31,2011.

Union Bank expects infusion of R280 crore

MUMBAi: State-owned lender Union Bank of India Monday said it is looking at capital infusion of Rs 250-280 crore from the government by the end of this fiscal,which will increase the governments stake to 58 per cent from 57.07 per cent.

Sebi launches toll free helpline in 14 languages

MUMBAI: Securities and Exchange Board of India has launched a toll free helpline for investors to provide guidance and assistance on various matters such as lodging complaints and transferring shares. The number 1800227575 will be available to investors from all over India in 14 languages,Sebi said in a notification issued on Monday.

Tags:
briefs
ie

The company said it will adhere to “applicable sanctions and regulatory frameworks and will be adapting the refinery operations to meet the compliance requirements”.

RIL says will comply fully with govt guidance on Western sanctions on Russian oil

Business10 hr ago

RIL, India's largest private sector refining major, is evaluating the impact of new sanctions on Russia's oil sector and will follow guidance from the Indian government. They will also comply with EU's guidelines on importing petroleum products.

View all shorts

Live Blog

PHOTOS