ONGC buys 15% stake in Russia’s 2nd-largest oil field from Rosneft
State-owned Oil and Natural Gas Corp. (ONGC) has bought a 15 per cent stake in Russia’s second-largest oil field from Rosneft for about USD 1.35 billion. Sources said that ONGC…
G 20 call for moving towards market-determined currency rates
AMN / World’s 20 big economies, including India, have called for moving towards market-determined currency rates and resisting competitive devaluation. A communiqué, issued at the end of the two-day meeting…
US asks china to refrain from devaluating its currency
As the world leaders expressed concern over slowdown in China dragging down the global economic growth US has asked China to fast-track reforms and refrain from devaluation. In a meeting…
India among few bright spots in global economy: IMF
International Monetary Fund has said that India is among the few bright spots in the global economy. The remarks from IMF Chief Christine Lagarde came at the meeting of G20…
Jaitley asks Turkish industries to invest in India’s smart city
AMN / Promising a rational tax regime and easier business environment, Finance Minister Arun Jaitley called upon Turkish industry leaders to invest in smart city projects, textiles, food processing and…
Forex reserves fall sharply by $3.433 bn to $351.92 bn
After rising for two weeks in a row, India’s foreign exchange reserves declined sharply by USD 3.433 billion to USD 351.920 billion for the week ended 28th August. A RBI…
Compensate to consumers for calls drops: TRAI
AMN / Telecom Regulatory Authority of India, TRAI has proposed that service providers should compensate mobile subscribers for call drops and poor quality of services. Telecom regulator today released a…
IMF warns slower growth in China
The International Monetary Fund has warned slower growth in China and continuing stock market uncertainty pose a threat to global economic growth. China’s slowdown appears to have bigger repercussions for…
3 pronged strategy to regulate high airfare: Minister
Tourism Minister Dr Maheh Sharma said the government has three pronged strategy to regulate high airfare during festive seasons. In an interview to All India Radio, Mr Sharma said, the…
Govt to invest Rs 8.5 lakh cr in Railways
Minister of State for finance Jayant Sinha Thursday said government will invest 8.5 lakh crore rupees in Indian Railways to change the face of the sector. Speaking at the 55th…