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PTI
September 22, 2018
The project will produce 1.27 million tonnes of neem-coated urea -- a crop nutrient -- and would use coal-gasification technology to produce feedstock for the plant.


PTI
New Delhi, September 21, 2018
In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.



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
September 21, 2018
While the Bajaj Hindusthan stock lost 8.82%, Simbhaoli Sugars fell 9.77% on the BSE. Avadh Sugar and Energy (3.03%), Balrampur Chini Mills (4.45%), Mawana Sugars (6.33%), Dalmia Bharat Sugar & Industries (8.99%) and Andhra Sugars (5.28%) were the other losers on BSE.


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 20, 2018
Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency


Reuters
New Delhi, September 20, 2018
India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures.


BusinessToday.In
New Delhi, September 20, 2018
Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.


BusinessToday.In
New Delhi, September 20, 2018
In Chennai, petrol is priced Rs 85.70, up 29 paise, and diesel is priced Rs 78.31, which is 21 paise increase from Wednesday's price. Petrol has taken a 3 paise jump in Kolkata to reach Rs 84.4, while diesel is Rs 75.72.


PTI
Mumbai, September 19, 2018
The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.


BusinessToday.In
New Delhi, September 19, 2018
Cow urine and dung are the bases for the soaps, face packs and incense sticks and no synthetic ingredients are used in their products.


BusinessToday.In
New Delhi, September 19, 2018
Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...


PTI
New Delhi, September 18, 2018
OVL had in April 2011 bought 25 per cent of Satpayev oil block.


Dipak Mondal
September 18, 2018
The Competition Commission of India (CCI), the anti-trust regulator -- has imposed a total penalty of Rs 38 crore on 18 sugar mills and two associations for rigging the bids of a joint tender floated by oil marketing companies.


BusinessToday.In
September 18, 2018
Continuing its intermittent fall against the US dollar, the Indian rupee dived to another all-time low of 72.98 on Tuesday. The currency has lost over 13 per cent in value against the greenback since the beginning of the year.


Rah Shri
New Delhi, September 18, 2018
The first wave of import curbs will include items like luxury cars, high-end mobiles, steel, aluminum, electronic items and furniture. Other items added to the list are dry fruits and imported fruits like almonds, and alcoholic beverages.


BusinessToday.In
New Delhi, September 18, 2018
Since September 1, petrol prices have gone up by about Rs 3.58 per litre in Mumbai, while diesel rates have increased by Rs 3.57 per litre; the petrol and diesel both have shown a similar trend all across India.


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