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Business
Centre Announces 300% Hike In Ex-Gratia For Fatal Coal Mine Accidents
Bhubaneswar: The Centre on Thursday announced a 300 per cent hike in ex-gratia for victims involved in fatal mine accidents. The amount has been increased from Rs 5 lakh to Rs 15 lakh.
The announcement was made by Union Minister of Coal…
Hindalco Enters S&P Dow Jones Sustainability Indices
Mumbai: Good governance, social and environmental initiatives have stood Hindalco Industries Limited in good stead. The metals flagship of the $48.3 billion Aditya Birla Group is the only aluminium manufacturer from India to be included in…
Govt Likely To Sell Bharat Petroleum To Global Firm
New Delhi: Yet another state-run company is likely to go up for sale. This time it is Bharat Petroleum Corp. In a bid to lure multinational companies in the domestic fuel retailing and to boost competition in the largely state-owned sector,…
India’s GDP Growth Slumps To Six-Year Low Of 5%
New Delhi: In what can be seen as a contraction in the Indian economy, India's Gross Domestic Product (GDP) came down to 5 per cent in April-June quarter from 5.8 per cent in the previous quarter.
The quarterly figures were released on…
Centre Announces Mega Bank Mergers
New Delhi: The Centre on Friday announced the merger of 10 nationalised banks, thus bringing down their number from 27 to only 12.
The announcement was made by Finance Minister Nirmala Sitharaman as part of the government's push to revive…
Home & Auto Loans To Get Cheaper As Part Of Centre’s Stimulus Package
New Delhi: Finance Minister Nirmala Sitharaman on Friday announced a host of economic measures to give a boost to the sagging economy, while maintaining that the slowdown has also affected the economies in the United States, Britain and…
ITC Not To Acquire Stake In Cafe Coffee Day
Kolkata: City-based conglomerate ITC has poured cold water on the initial euphoria in the market that it is planning to acquire a stake in Cafe Coffee Day.
According to a report in Economic Times on Wednesday evening, ITC said it was not…
Bitter Brew! Coffee Day Declares Debts Of Over Rs 4,000 Crore
The Coffee Day group has declared an outstanding debt of Rs 4,970 crore. This includes Rs 4,796 crore in secured loans and Rs 174 crore unsecured loans.
The company decided to clarify its debt position to scotch media speculations and…
Sridhar Patro To Be Nalco’s Next CMD
Bhubaneswar: National Aluminium Company Limited's (Nalco) Director (Finance) Sridhar Patro will succeed Tapan Kumar Chand as the Navratna PSU's Chairman-cum-Managing Director, official sources said on Wednesday.
The Department of Personnel…
India No More A Developing Nation, Says Donald Trump; But Is It The Case?
Pennsylvania (US): United States President Donald Trump on Tuesday said India and China are no longer 'developing countries' and therefore they should not be allowed by the World Trade Organisation (WTO) to enjoy the special economic…