Page 2641 - Economy & Policy News

Indian oil companies to gain from higher Opec output

After the decision, Brent crude oil prices were seen at $74.11 a barrel, up 1.45% from the previous day

Govt likely to sell a significant portion of its stake in IDBI Bank to LIC

The insurance regulator may take up the matter during its June 29 board meeting

Arrest of BoM brass: Bankers on the warpath, may meet govt on witch-hunt

Sources said bankers held discussions with Devendra Fadnavis late Friday night about the arrest of BoM executives

Realty, health pose risks to bond market, says McKinsey Global Institute

About 18 per cent of outstanding corporate bonds in India were at default risk in 2016

Key defence agreement with the US finally within reach

Three areas of differences remain in transfer of communications equipment

Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities

ABFL offers SMEs lines of credit, business loans, supply-chain financing and working capital loans.

Kharif sowing 9.7% lower as monsoon delayed over Central, North India

Going forward, however, experts say sowing should pick up pace once monsoon revives eastern, central, northern and western parts of country

Banks are not providing adequate foreign exchange at market rates to SMEs

SMEs at large do not understand foreign exchange and the concept of hedging, which banks often take advantage of

Power Ministry considers making 24 degrees as default setting in ACs

The temperatures settings in ACs will be in the range of 24 to 26 degree Celsius, it said

Govt may sell part of its stake in IDBI bank to India's top insurer LIC

India has been trying since at least two years to sell IDBI Bank

India to revive rupee trade mechanism for its oil payments to Iran: Source

Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.

MP takes up solar rooftop tendering with 45% subsidy support

Over 60 prospective bidders attend pre-bid meeting for the tender that is expected to be finalised in July

GST to usher in over 100% growth in warehousing sector by 2021: Report

Implementation of GST has had a positive effect on warehousing activities in India due to diminishing state boundaries, says a JLL report

Modi seeks double-digit growth for India's entry into $5-trn economy club

The world, he said, is watching as to when India will break into the $5 trillion economy club by doubling its economy

Auction of spectrum for 5G services only around second half of 2019: COAI

Telecom Secretary Aruna Sundararajan had earlier said that India wants to be a frontrunner in adopting 5G technology

People spend 13 hours to access direct benefit transfers in Ranchi

As a matter of fact, the study found that people are so unsatisfied with the DBT system being piloted by the government that they want to return to the previous system of grains distribution

Insolvency process may boost producer margins, raise capital flow: EY Study

The IBC process has so far seen successful resolution of Bhushan Steel, taken over by Tata Steel and Electrosteel Steels which Vedanta bought over

India slaps tariffs on 29 US items; new rates to kick in from August 4

The latest list of tariff hikes has 18 iron and steel items, a potent political reply against Trump's tariff hikes in the sector.

RBI relief unlikely for stressed power sector; govt to work on reform plan

The Centre is likely to push for debt restructuring and reform schemes to resolve issues plaguing private power producers

Monsoon revival over weekend likely, but second-half rainfall may be muted

If the rains become scarce after mid-August, the standing kharif crops might be impacted