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Prime Minister Narendra Modi has decided to bring surface transport with shipping to make decision-making in the sector happen quicker.
The new government faces the challenge of addressing declining exports and it will be immediately tasked with framing the Foreign Trade Policy (FTP) 2014-19.
Budget preparations could be aided by the smaller size of the Cabinet, which could mean less deliberations and lobbying by ministries for allocations and schemes.
Easing fuel shortages should also be top focus of new govt, Power ministry informs Narendra Modi.
As part of United Spirits deal, Diageo has made open offer for 26% stake.
ReutersMay 26, 2014
After rising nearly 482 points, Sensex fell into negative territory but recovered in pre-close trade.
May 26, 2014
Never before in the history of Infosys has the race been this competitive.
Indian rupee had depreciated by five paise to end at 58.52 against the US dollar on Friday.
FY14 saw some pick up in the first year premium collection in the life insurance space.
May 26, 2014
Pakistani proposal is to import 200 million cubic feet per day (mmcfd) of LNG from India.
Overseas investors have pumped in over Rs 14,000 crore in Indian stocks so far this month as the new BJP government is seen as being reforms-oriented.
The industry has been suffering from low penetration which currently stands below 5 per cent of the GDP.
Shruti SrivastavaMay 26, 2014
There are indications that the Modi government would merge existing ministries in complementary areas to remove anomalies and to deliver effective governance.
OVL has signed a deal with Russia’s largest oil and gas producer Rosneft to jointly explore hydrocarbons in the offshore Arctic.
This remittance limit was allowed under the condition that the fund should not be used for acquisition of immovable property.
Amitav RanjanMay 26, 2014
Iran now wants to get back its euros owed by India through a new channel. It wants New Delhi to pay the money that Tehran owes to third countries for purchase of food, medicines and
ReutersMay 26, 2014
Panagariya, 61, whose market-friendly, pro-growth economics has helped shape Modi’s outlook, told that higher spending is critical to India’s economic revival.
Shruti SrivastavaMay 26, 2014
The committee would also discuss issues ranging from multiplicity and complexities of labour laws.
Micromax, country’s second largest smartphone player, expects the move to help it further strengthen its position in the segment.
The nominees for the awards consisted of industry leaders from 19 nations.
Indian equities, rupee and rupee-swaps have all seen rallies of varying intensity in anticipation of a reformist government.
The agency estimates that the 419 companies availed Rs 19,180 crore of debt in FY13 to fund the aggregate dividend payment of Rs 1.049 lakh crore.
Measures taken after survey at Indian airports found out that extended waiting time for security checks was troubling maximum number of air fliers in country.
Narendra Modi-led government is expected to unleash big-bang reforms to reboot the economy, says an Assocham study.
A whopping 93 per cent out of the 76 CEOs covered by the survey said they foresee a substantial improvement in the near-term economic situation.
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