Briefly Business: Forex reserves jump $1.4 billion to $295 billion

Rajan now a member of panel on oil output

New Delhi: Oil minister M Veerappa Moily has appointed Raghuram Rajan,the chief economic adviser in finance ministry as member to a panel headed by economist Vijay Kelkar which is preparing roadmap for enhancing domestic oil and gas production.

Telecom subscriber base dips in Feb

New Delhi: The country’s telecom subscriber base declined marginally to 89.2 crore in February 2013 from 89.31 crore at the end of January,due to disconnection of inactive mobile numbers,according to data released by Trai.

Bayer evaluating options in patent case

New delhi: German drug major Bayer has said it “disagrees” with a US court ruling that allowed Lupin to sell generic version of its oral contraceptive tablet Yaz in the US market and is “evaluating” options.

Eliminate energy burden,says Montek

New Delhi: Energy subsidy should be eliminated and the total subsidy burden on the government should be brought down to 1.4 per cent of the GDP,Planning Commission deputy chairman Montek Singh Ahluwalia said on Friday.

Universal Commodity Exchange goes live

Mumbai: Universal Commodity Exchange (UCX) on Friday became the country’s sixth commodity exchange to launch futures trading.