New Delhi: State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. The project, estimated to cost Rs 48,926…
Mumbai: The Reserve Bank of India (RBI) on Thursday announced liberalised norms to encourage use of Indian Rupee and local/ national currencies to settle cross-border transactions. The decision comes at a time when the domestic currency is sliding and touched an all-time low of 86.70 per US dollar on Monday. The Reserve Bank has already…
New Delhi: In a major decision, the government on Thursday decided to set up the 8th Pay Commission to revise salaries of central government employees and allowances of pensioners. The decision to set up the 8th Pay Commission was taken by Prime Minister Narendra Modi, I&B Minister Ashwini Vaishnaw said. The term of the 7th…
Washington: Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday. “As I’ve shared with family, friends and our team since late last year, I have decided…
Mumbai: Aviation watchdog DGCA has issued a warning letter to Akasa Air’s accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods. Sources on Tuesday told PTI that the regulator has warned the airline’s Accountable Manager to…
Chennai: Union Minister of Commerce and Industry, Piyush Goyal on Tuesday said that by 2027, India will be the world’s third-largest economy, ahead of Japan and Germany. Addressing the annual meeting of Tamil magazine ‘Thuglak’ here, Goyal said, “What did Mr Modi do in ten years? He took India from the 11th-largest GDP to the…
New Delhi: Adani group stocks were in heavy demand on Tuesday, with Adani Power surging over 19 percent, bouncing back from the previous day’s decline. Shares of Adani Power zoomed 19.29 percent, Adani Green Energy soared 14.54 percent, Adani Energy Solutions surged 14.38 percent, Adani Total Gas jumped 13 percent and NDTV rallied 12.50 percent…
Mumbai: India’s inflation declined to a four-month low of 5.22 percent in December as compared to 5.48 percent in the previous month, as food prices provided some reprieve, according to data released on January 14. December, however, marks the fourth consecutive month of over 5 percent inflation. India’s food inflation eased below 9 percent for the first…
Tirupati (Andhra Pradesh): Chief Minister N Chandrababu Naidu on Sunday said that Andhra Pradesh will be transformed into a clean and green energy hub, encouraging the use of non-polluting fuel. Observing that revolutionary changes are happening across the country in fuel and energy, the CM said the southern state is very keen on using natural…
Singapore: India is growing and Singapore sees many opportunities to expand bilateral cooperation with South Asia’s fastest growing economy, senior minister Lee Hsien Loong has said. “India is growing, and on the move,” Lee, who served as prime minister for 20 years, told the Indian business community on Saturday. “Singapore has a good brand name…
