Home » Business

Business - Page 943

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

OMCs to complete USD 10 bn overseas borrowing in one year: Fin Min

Till now OMCs were not allowed to raise ECB for working capital needs on a long-term basis.

4 Oct 2018 6:28 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Gujarat, Maharashtra govts cut petrol, diesel prices by Rs 2.50 a...

The announcement was made by the respective cheif ministers of the states.

4 Oct 2018 5:32 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Sandeep Bakhshi becomes ICICI Bank MD, CEO for five years

He was brought to the bank for a smooth functioning as Kochhar was forced to go on an indefinite leave.

4 Oct 2018 5:20 PM IST

Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Country facing 'economic crisis' due to crude oil imports: Gadkari

Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

4 Oct 2018 4:23 PM IST

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex tanks over 800 points to close at 35,169; Nifty ends at 10,599

The BSE 30-share barometer pared some losses and ended 806.47 points, or 2.24 per cent, lower at 35,169.16.

4 Oct 2018 4:02 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos...

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

4 Oct 2018 3:49 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI board approves issuance of preferential shares to LIC

The government has already approved the proposal of LIC to increase the stake in IDBI Bank.

4 Oct 2018 3:03 PM IST

ICICI Bank shares surge 6 per cent as Chanda Kochhar quits

Following the announcement, the stock soared 5.69 per cent to Rs 320.90 on BSE.

4 Oct 2018 2:54 PM IST

The Commerce Ministry has given time till April next year to Directorate of Revenue Intelligence (DRI) and governments of Maharashtra and Tamil Nadu to complete the exports process of Red Sanders wood.

Commerce Ministry sets deadline to complete export process of red...

It is a valued item in traditional medicines and woodcraft across China, Myanmar, Japan and East Asia.

4 Oct 2018 2:47 PM IST

ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO).

ICICI Bank MD Chanda Kochhar quits with immediate effect

The enquiry instituted by the board will remain unaffected by this.

4 Oct 2018 2:17 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Oil Minister meets Arun Jaitley as fuel prices touch new high

Petrol prices were on Thursday hiked by 15 paise a litre and diesel by 20 paise.

4 Oct 2018 1:56 PM IST

The use of taxibots will help in cutting carbon dioxide emission at the IGI airport drastically. Usually, 800 kg of carbon dioxide is emitted for every 15 minutes of taxing, according to a KSU spokesperson.

Soon, travellers can use facial recognition biometric to enter...

Suresh Prabhu said the initiative would be "forward-looking and futuristic" and would be launched soon.

4 Oct 2018 1:19 PM IST