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Under the PSC regime, oil firms are allowed to recover their cost first before earnings from blocks are shared with the government.

Govt plans to reward oil cos with additional exploration rights

Move to open up additional revenue opportunities for incumbent companies.

11 Jun 2018 9:02 AM IST

According to it, 92 per cent of the CEOs are expecting an improvement in consumption demand while 82 per cent said the capacity utilisation at Indian factories are set to increase.

Boost in job creation likely, says survey

Coming to the infra sector, CEOs stated that there is a 'discernible pick-up' now as compared to a few years ago.

11 Jun 2018 12:35 AM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB expects Rs 8,000 crore recovery from NPAs this month

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the...

10 Jun 2018 7:41 PM IST

Baba Ramdev promoting Patanjali Chyawanpras

Patanjali to submit revised bid tomorrow to acquire Ruchi Soya

Patanjali group has submitted its undertaking of having no objection to the 'Swiss Challenge' process adopted by the...

10 Jun 2018 5:55 PM IST

American retail chain Walmart will invest Rs 900 crore in Maharashtra.

CAIT threatens nationwide agitation over Walmart-Flipkart deal

The deal will increase malpractices manifold in e-commerce spectrum, it said.

10 Jun 2018 5:45 PM IST

The unique research facility not only provides research assistance to research scholars enrolled in the university, but also to academic research institutes, universities, and private industries across the nation to make maximum utilisation of the resources.

Industry expects 8 per cent GDP growth over next 2 years, says CII

CII said Rs 50,000 crore worth of investments have been recently announced.

10 Jun 2018 5:25 PM IST

Tourists enjoy the pleasant weather near Rajpath in New Delhi on Wednesday after light rains lashed the city. (Photo: Pritam Bandyopadhyay)

GST refund to foreign tourists at airports on the cards

Only purchases made by tourists from big retailers would be eligible for GST refunds at the airports.

10 Jun 2018 5:06 PM IST

Reliance Industries limited

Arbitration award in Reliance-ONGC gas row next month

The three-member panel is likely to give its award in July.

10 Jun 2018 1:16 PM IST

State Bank of India

SBI to auction 12 bad accounts this month to recover over Rs 1325 cr

The lender's gross non-performing assets or bad loans as on March 31, 2018, reached Rs 2.23 lakh crore.

10 Jun 2018 12:58 PM IST

Incidents of violence and arson during the February 2016 agitation left 30 people dead and several injured. (Photo: PTI)

Violence cost India's GDP over USD 1 trillion, per person cost at Rs...

The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms.

10 Jun 2018 12:46 PM IST

Stating that government regulations and hike in duties remain a risk to Indias developing beer market (Photo: AFP)

World's biggest beer maker AB InBev expects 'normal' growth in India

Though India offers great opportunity to expand the market, higher customs duty has been a bane.

10 Jun 2018 12:36 PM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Timely monsoon this year to help spur growth, says Nestle India CMD

The India Meteorological Department has predicted an average monsoon this year, which has already hit the Indian coast.

10 Jun 2018 12:25 PM IST