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Which way will Raghuram Rajan go with Rates Post-Budget?
With economic data before the union budget on Feb 28 showing inflation at a five-year low, Reserve Bank of India Governor Raghuram Rajan can perhaps indulge in a belated celebration of his birthday that fell Feb 3 when he maintained the RBI…
FDI Insurance rules could have been simpler: Industry Experts
The Indian government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say. Welcoming the notification of rules relating to FDI in the insurance sector…
Greece and Eurozone Nations agree on Bailout Extension
Greece and Eurozone nations have agreed a deal to extend financial aid after bailout talks in Brussels. Eurozone finance ministers reached an agreement to extend Greece's financial rescue by four months, BBC reported. Dutch finance minister…
IRDAI directs SBI Life to refund Excess Commission
Directing private life insurer SBI Life Insurance Company Ltd. to refund excess commission of Rs.275.29 crore to policy holders, the Indian insurance regulator Friday reiterated that it has necessary powers to pass such an order under the…
MCL CMD asks to bringing Mining to ‘Zero Harm Level’
Chairman-cum-Managing Director, Mahanadi Coalfields Limited, Mr Animesh Nandan Sahay has asked the employees of the company to put in consistent efforts to bring coal mining to ‘zero harm level’, as he looks forward from the zero fatality…
AAI Organizes Advisory Committee Meeting
The Advisory Committee meeting was organised by AAI, Bhubaneswar Airport, under the Chairmanship of Dr. Prasanna Kumar Patasani, Hon’ble Member of Parliament, Bhubaneswar. The agenda of the meeting included issues related to passenger…
JSPL to expand Odisha Steel Plant by 2016-end
Jindal Steel and Power Ltd. (JSPL) chairman Naveen Jindal Friday said the coal gasification steel plant in Odisha's Angul district would be expanded to six million tonnes per annum (mtpa) capacity by the end of 2016. "The coal-to-gas…
BSE Sensex closes 231 Pts down; Nifty ends at 8,828 Pts
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, provisionally closed Friday's trade down 231 points or 0.78 percent. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed the day's…
Tata’s Vistara launches Maiden Fight Service to Goa
Tata's full service passenger carrier Vistara Friday launched its maiden flight between New Delhi and Goa and said that it will expand its fleet to six aircraft by April. The airline had earlier announced the launch of new services to Goa…
Second Tranche of Coal Auctions to begin from Feb 25
On the seventh day of auction Friday of coal blocks whose allotments were cancelled by the Supreme Court, the government said it will start the second tranche of auctions by Feb 25. The government has till now raised nearly Rs.84,000 crore.…