India pays 55% of the value of oil its imports from Iran in euro payments through Turkey's Turkiye Halk Bankasi.
In a slowing Indian market, where intense competition is already squeezing margins, this is evidence of another pressure that consumer electronics firms are dealing with.
SBI too rules out cut in base rate in short term, to launch concessional schemes.
Country's scientific community may be at the cusp of securing a Nobel in the physical sciences, says Devijyot Ghoshal
Jayanthi Natarajan's tough stand ensures recognition abroad, but red-tapism & bureaucracy continue to delay approvals in India.
So far, the West Bengal government has raised Rs 5,000 crore (Rs 50 billion) as SDL from RBI, which is almost one-fourth of its total borrowing plans of Rs 20,071 crore (Rs 200.71 billion).
Designco's sprint from brass mill to mass supplier in high-quality home decor to the likes of Walmart and IKEA showcases the transformational scale of a sourcing shift
When set up in 1993 by the Ranka family's Modern Group, this was the first terry towel manufacturing unit in the whole of Asia, to be followed by Welspun and Trident.
The crowd at the Confederation of Indian Industry's annual general meeting and national conference 2012 merely issued a round of half-hearted applause, though finance minister Pranab Mukherjee had earlier hinted a rate cut was in the offing in the next 'half an hour'.
The 2,75,000 new jobs would cost a monthly Rs 300 crore (Rs 3 billion), officials with knowledge of the development said.
It is this increasing vulnerability of senior corporate executives towards litigations that has set the ball rolling for directors and officers' liability cover for insurance companies.
Shell's major projects in the region include the deep-water Gumusut field in Malaysia and the Shell Eastern Petrochemicals project in Singapore.
This month, ECGC -- the government organisation that provides insurance cover to exporters -- reclassified exports to Greece as 'risky' by withdrawing open cover insurance scheme for them.
Although two-way trade has grown 10-fold since 2000 and is expected to exceed $3 billion this year, according to the Ministry of External Affairs, India's flagship foreign direct investment project in Vietnam -- Tata Steel's proposed $5 billion facility -- remains stalled, largely owing to pending governmental approvals.
The 100-year old Calcutta Stock Exchange is finally set to launch a trading platform, which will enable its members to trade on National Stock Exchange (NSE)-listed securities in the next one month, a move that will give the ailing exchange a fresh lease of life.
India's fiscal policy is not supportive of monetary measures that the country's central bank is employing to fight rampant inflation, the prime minister's honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern.
Economist who predicted global crash says India needs to both spend and tighten and it won't be easy.
The existing system where all airline passengers, barring VVIPs, have to undergo rigorous frisking, the IATA model proposes different levels of screening for passengers based on the level of risk associated with each one of them.
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