India In Talks With Canada’s Teck Resources To Buy Coking Coal: Report

New Delhi: India is in talks with Canada’s Teck Resources Ltd, the largest North American producer of coking coal used to make steel, for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year. India has joined top buyers China and Japan to scour new markets after a powerful cyclone hit Australia More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Saturday, July 8th, 2017
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Government Asks Traders To Issue Advertisements About Price Hike Post GST

New Delhi: The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation More...

By Loknath Das On Saturday, July 8th, 2017
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India In Talks With Canada’s Teck Resources To Buy Coking Coal: Report

IT firm Infosys will create 2,000 tech jobs in North Carolina over the next few years in a bid to woo the Trump administration that has been critical of outsourcing firms for “unfairly” taking jobs away from More...

By Loknath Das On Wednesday, July 5th, 2017
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Manufacturing Growth Cools In June On Weak Demand

Activity in India’s manufacturing sector eased to a four-month low in June amid a slowdown in output and new orders as softer domestic consumption partly offset strong foreign demand, a private business survey More...

By Loknath Das On Tuesday, July 4th, 2017
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Revenue Department Removes Additional Excise Duty On Cigarettes, Tobacco

New Delhi: The finance ministry has removed additional excise duty on tobacco, pan masala and cigarettes with effect from July 1, following the GST implementation. The revenue department also “rescind” More...

By Loknath Das On Saturday, July 1st, 2017
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Forex Reserves Hit Fresh Life-Time High Of $382.53 Billion

Mumbai: The country’s forex reserves surged by $576.4 million to touch a new life-time high of $382.53 billion in the week to June 23, helped by a rise in foreign currency assets (FCAs), the RBI said. In More...

By Loknath Das On Friday, June 30th, 2017
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Infrastructure Output Growth At 3.6% In May

New Delhi: India’s annual infrastructure output grew 3.6 per cent in May, mainly driven by a pick-up in refinery output and electricity generation, government data showed on Friday. The output grew a revised More...

By Loknath Das On Thursday, June 29th, 2017
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GST Is India’s New Tryst With Destiny

London: The landmark Goods and Services Tax is India’s new tryst with destiny which will unite all the states of the country once again, according to CII President Shobana Kamineni. Addressing the confederation More...

By Loknath Das On Wednesday, June 28th, 2017
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Top 1,000 Indian Companies Borrowed Rs. 1 Trillion Less In FY17

Mumbai: The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which saw their net loan outstanding decline by a whopping Rs. 1 trillion in the reporting year, said More...

By Loknath Das On Wednesday, June 28th, 2017
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Trump Calls For Removal Of Barriers For US Exports To India

Washington: US President Donald Trump said he is keen to work with Prime Minister Narendra Modi on creating a “fair and reciprocal” trading relationship between the two nations and called for the removal More...