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Erratic and excessive rainfall this year would trim the countrys foodgrain production by 1.14 million tonnes in the Kharif crop season of 2019-20, estimates released by the Union Agriculture Ministry on Monday showed.

Kharif foodgrain output pegged at 140.57 million tonnes

The production of coarse cereals, however, has been estimated higher at 32 million tonne from 30.99 million tonne.

24 Sept 2019 1:28 AM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Trade war hits Indian exports to China

The restrictions led to a decrease in waste paper prices, in turn benefitting India, an importer of the commodity.

24 Sept 2019 1:24 AM IST

Online travel agency MakeMyTrip and e-commerce giant Flipkart have tied up for online bookings of hotels and flights.

E-commerce can boost consumption, expect strong demand from small...

A great deal of consumption appetite is coming from Tier II and III markets said Flipkart's CEO Kalyan Krishnamurthy.

23 Sept 2019 8:50 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee ends flat at 70.94 against dollar despite steller stocks rally

At the interbank foreign exchange, the domestic unit opened weak and shuttled between a high of 70.87 and a low of 71.03...

23 Sept 2019 8:22 PM IST

Mills are expecting revenue realisation of over Rs 5,000 crore from sale of ethanol to OMCs during the 2017-18 sugar season.

Closed sugar mills may see revival soon as govt mulls ethanol...

Union Minister Nitin Gadkari said land of the sugar mills can be utilised for ethanol production from sugar.

23 Sept 2019 6:51 PM IST

Minister of Road Transport and Highways Nitin Gadkari. (Photo: PTI)

No need to ban petrol, diesel vehicles; EVs picking up momentum...

If we run vehicles on electricity, it would be like cost of Rs 15 per litre of diesel, said Union Minister Nitin...

23 Sept 2019 6:27 PM IST

Petronet LNG, Indias biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018.

Petronet Board disfavoured USD 2.5 bn US LNG deal in Apr; signs...

Petronet signed a MoU with Tellurian "wherein Petronet and its affiliates intend to negotiate the purchase of up to 5...

23 Sept 2019 6:12 PM IST

The GR also said the Rs 10,000 loan would be given only to those who want to sow crops for the Kharif season.

Govt estimates kharif crop output at 140.57 MT in 2019-20

Foodgrains production stood at 141.71 million tonnes (MT) in the kharif season of the 2018-19 crop year (July-June).

23 Sept 2019 4:48 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex zooms 1,075 points; Nifty reclaims 11,600 mark

After soaring over 1,426 points during the day, the 30-share index ended 1,075.41 points or 2.8 per cent higher at...

23 Sept 2019 4:03 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold up Rs 130 in line with global trend

Silver also jumped Rs 900 to Rs 47,990 per kilogram from its previous close of Rs 47,090 per kilogram.

23 Sept 2019 3:41 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

DBS expects modest rate cut at RBI's MPC meeting in October

RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.

23 Sept 2019 3:12 PM IST

The company welcomed recent rationalisation of corporate tax rates.

Impact of new GST rates for caffeinated drinks to be minimal: Varun...

The GST Council raised tax on caffeinated beverages from 12 per cent to 28 per cent and imposed a 12 per cent cess.

23 Sept 2019 2:59 PM IST