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September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in July; 27 states, UTs on board to implement PM Modi's healthcare scheme from September 25; India to pay Iran in rupees for oil imports from November; Flipkart employees to turn millionaires after Walmart buys employee shares worth $800 million. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, September 21, 2018
New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...


BusinessToday.In
New Delhi, September 21, 2018
The idea is to increase the excise duty on IMFL, especially on the largely consumed mid-segment liquors, and then reduce taxes on petrol and diesel.


PTI
September 20, 2018
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.


Reuters
New Delhi, September 20, 2018
Iran's Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 per cent stake in Chennai Petroleum, which has two refineries with a total combined capacity of 230,000 barrels of oil per day.


BusinessToday.In
New Delhi, September 17, 2018
The petrol reached Rs 82.06 per litre in Delhi on Monday, while diesel surged 6 paise to Rs 73.78 per litre. Petrol has already crossed the Rs 90 mark in two districts of Maharashtra.


BusinessToday.In
New Delhi, September 17, 2018
The yoga guru also calls for bringing petrol and diesel under the lowest slab of the GST, and not the 28 per cent rate, as people's \"pockets are being emptied\".


Reuters
September 15, 2018
India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions.


PTI
September 15, 2018
The United States has warned of having a \"fundamentally different set of rules\" to deal with the countries continuing to have economic activities with Iran after its sanction against Tehran becomes fully operational on November 4.


Mudit Kapoor
September 14, 2018
The 15-member OPEC (The Organisation of the Petroleum Exporting Countries) cartel pumped 32.98 million barrels per day last month. The rise in production was last matched in October 2017.


BusinessToday.In
New Delhi, September 10, 2018
Economic Affairs Secretary Subhash Chandra Garg said last week's rupee fall was on account of the belief that emerging markets with a current account deficit may face some pressures going forward, and the rupee was no exception


BusinessToday.In
September 7, 2018
A litre of petrol is retailing at Rs 79.99 in the national capital while the same is selling for Rs 87.39 in the financial hub of Mumbai.


Reuters
September 7, 2018
Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt imports as sanctions are imposed on Tehran, U.S. Secretary of State Mike Pompeo said on Thursday.


PTI
New Delhi, September 6, 2018
Pompeo and Defence Secretary James Mattis held the first 2+2 Dialogue with External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman to bolster the strategic ties with India and step up defence and security collaboration.


PTI
Washington, September 5, 2018
The Pentagon had ruled out an automatic waiver for India from the punitive US sanctions over its weapons purchase from Russia.


Anilesh S Mahajan
New Delhi, September 5, 2018
As New Delhi is finalises its agenda for the first 2 + 2 dialogue between India's Foreign Minister and Defence Minister with their American counterparts, officials are looking for a window allowing India to reduce Iranian oil imports to last years numbers.


BusinessToday.In
September 4, 2018
The continuous hike in fuel prices has been attributed to a sharp rise in international crude prices and a dramatic fall in the exchange value of the rupee against the US dollar.


BusinessToday.In
New Delhi, September 3, 2018
Fuel prices in all metro cities are once again at an all-time high. The price of petrol rose to Rs 86.56 a litre in Mumbai and Rs 79.15 per litre in Delhi on Monday. Petrol price had previously hit its highest level five months ago on May 29. Watch BusinessToday.In video.


Manoj Sharma
New Delhi, September 3, 2018
Not only India but neighbouring countries like China, Pakistan, Nepal and Sri Lanka are also bearing the brunt of high crude oil prices. The US sanctions against Iranian oil import have put these countries in a fix, which has impacted their oil supply.


BusinessToday.In
September 3, 2018
Petroleum prices, which are determined by the cost of crude oil in global markets, may continue to go up as the international markets are under pressure due the US sanctions on Iran and Saudi Arabia's decision to cut oil production.


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