Government allows UAE Adnoc to export oil from Indian strategic storage
The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, which is the raw...
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India has robust regulatory for seafood units: Commerce Ministry
24 March 2024 | PTI -
UP important market for realme India, says company official
23 March 2024 | PTI -
India provides more grants to build houses in Buddhist sacred town of Sri Lanka
23 March 2024 | PTI -
GenAI to completely transform India healthcare: PwC India
23 March 2024 | PTI -
Bajaj Auto working on CNG bike, to hit road in June
23 March 2024 | PTI -
Gold tumbles Rs 875; silver plunges Rs 760
23 March 2024 | PTI -
Business brief
23 March 2024 | Agencies
RBI offices dealing with Government to remain open on March 30, 31
RBI offices dealing with government business and all designated branches of agency banks will keep their counters open as per normal working hours on Saturday and Sunday for the convenience of taxpayers. Electronic transactions can be done till the stipulated time on both days (March 30 and March 31), the Reserve...
SEA seeks intervention as mustard seeds prices rule below MSP
Edible oil industry body SEA on Friday expressed concern over wholesale prices of mustard seeds falling below the minimum support price of Rs 5,650 per quintal and urged the government for immediate intervention. “We urge the authorities to direct (cooperative) NAFED to establish procurement centers in major mandi areas to facilitate...
RBI reviews domestic economic situation, outlook
The Reserve Bank of India’s (RBI) central board on Friday reviewed the domestic economic situation and outlook, including the challenges posed by the global financial market volatility. The board also approved the bank’s budget for the accounting year 2024-25, the central bank said in a statement. The 607th meeting of the Central...
Government rejects Hindustan Zinc plan to split company
The Mines Ministry has rejected a proposal by Vedanta group’s firm Hindustan Zinc Ltd to split the company into different entities, a top official on Friday said. The government is the largest minority shareholder in Hindustan Zinc, owning a 29.54 per cent stake in the company. “We have not agreed to the...
India forex kitty rises by USD 6.40 billion
n India’s forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 10.47 billion to USD 636.095 billion. In October 2021, the country’s forex kitty had reached...
India looking at Africa for critical minerals
India is looking at Africa for minerals, including cobalt, and other critical minerals, Mines Secretary V L Kantha Rao said on Friday. The country is still engaging with Australia for lithium blocks, he said. Talking to reporters on the sidelines of a function here, the secretary said, “In Africa, we are looking...
Stock markets rise for third session
Benchmark equity indices Sensex and Nifty closed higher for the third straight session on Friday, following gains in index majors L&T, ITC and Maruti and a record rally in the US markets after the Federal Reserve indicated three rate cuts this year. However, a massive sell-off in IT and tech stocks...