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ECB faces inflation headache even as lending bounces
Published on Friday, August 28, 2015 7:36 AM

By Francesco Canepa and Balazs Koranyi

FRANKFURT  - Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.

C ...

ECB faces inflation headache even as lending bounces
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Future Group-Bharti Retail's Rs 750-crore deal gets CCI nod
Published on Thursday, August 27, 2015 5:57 PM

Competition Commission has cleared the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail. The transaction, a major consolidation in the Indian supermarket business, would create a Rs 15,000-crore behemoth. The deal was announced in May this year. Under the all-stock deal, Future Retail would demerge its retai ...

Future Group-Bharti Retail's Rs 750-crore deal gets CCI nod
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ONGC gets one-year extension for Vietnam block
Published on Thursday, August 27, 2015 5:55 PM

Oil and Natural Gas Corp (ONGC) said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea. It had in May applied to the Vietnamese authorities for a third extension of the exploration licence for deepsea Block 128 to maintain India's strategic interest in the South China Sea ...

ONGC gets one-year extension for Vietnam block
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RBI to focus on bringing inflation down to 4 percent target
Published on Thursday, August 27, 2015 5:12 PM

MUMBAI  - The Reserve Bank of India (RBI) remains focused on bringing down consumer inflation to its target of 4 percent by March 2018, supporting an economy growing below potential, and ensuring banks pass on rate cuts, according to its annual report out on Thursday.

After cutting its repo rate by 75 ba ...

RBI to focus on bringing inflation down to 4 percent target
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India concerned about 'dumping' of rubber, steel - minister
Published on Thursday, August 27, 2015 5:02 PM

NEW DELHI  - India was concerned about the problems faced by the local rubber and steel industries due to "dumping" by countries that it has free trade agreements (FTAs) with, the steel and mines minister was quoted as saying by the Confederation of Indian Industry.

"We are ... in consulta ...

India concerned about 'dumping' of rubber, steel - minister
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Taxman sniffs Rs.2,500-cr wrong claims by auto insurers
Published on Thursday, August 27, 2015 3:58 PM

Chennai, Aug 27  The industry watchdog must keep away from the controversy over alleged wrong claim of credit worth Rs.2,500 crore pertaining to central value added tax (Cenvat) by 16 non-life insurers on automobile cover and let the tax department complete the probe, a former regulatory official has said.

...

Taxman sniffs Rs.2,500-cr wrong claims by auto insurers
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Vedanta to halve output at big alumina refinery - executive
Published on Thursday, August 27, 2015 4:01 PM

By Krishna N. Das

NEW DELHI  - Vedanta Ltd will halve output at its 1 million tonne-a-year alumina refinery in Odisha state in about two months and cut jobs, a senior executive said, due mainly to a shortage of raw material bauxite and weak world prices.

Aluminium prices are stuck at nea ...

Vedanta to halve output at big alumina refinery - executive
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CCI rejects complaint against DLF’s NCR project: Report
Published on Thursday, August 27, 2015 2:18 PM

Shares of DLF rebounded nearly 5 per cent in intra-day trade on Bombay Stock Exchange after competition watchdog the Competition Commission of India (CCI) on Wednesday rejected anti-competitive practices charges against real estate major in one of its project in the national capital region.

According to media report, the regulator ...

CCI rejects complaint against DLF’s NCR project: Report
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Bangladesh, India resort to onion imports as supply dips
Published on Thursday, August 27, 2015 2:08 PM

DHAKA/NEW DELHI - Onion prices in Bangladesh have nearly doubled in the past month due to a shortage in top supplier India, forcing the neighbours to turn to imports from countries such as Egypt, Iran, Afghanistan and Pakistan.

The Trading Corporation of Bangladesh said on Wednesday it had sought 450 tonnes a ...

Bangladesh, India resort to onion    imports as supply dips
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