Surge in fuel prices continues

New Delhi (IANS) Fuel prices continue to soar on Tuesday. In Delhi, petrol rates surged to Rs 74.61 a litre, the highest since November 25 last year. Diesel was selling at Rs 67.47 a litre in the national capital.

The surge in fuel…

PMC Bank created dummy accounts to hide HDIL's NPAs

Mumbai (IANS) Days after fraud involving PMC Bank came to light, it now transpires that the rot was deep and the management hid it from the regulator RBI to save its reputation.

The bank even opened a number of dummy accounts to replace the…

IRCTC to compensate Tejas Express passengers for delay

New Delhi (IANS) In a first, the passengers of India's first privately-operated Tejas Express train on the Lucknow-New Delhi route will be compensated by the Indian Rail Catering and Tourism Corporation (IRCTC) if the train gets delayed.

Not even consulted for revival of Goa's mining industry: GMPF

Panaji (IANS) The Goa Mining People's Front (GMPF), an organisation representing the interests of lakhs of mining workers in the coastal state and whose livelihoods have been hit by the mining ban imposed since February last year, have expressed…

Government bans onion exports with immediate effect

New Delhi (IANS) The Commerce Ministry on Sunday prohibited export of all varieties of onions with immediate effect, till it comes up with further orders.

The decision comes on the backdrop of surging prices of the bulb in the country.

RBI puts Lakshmi Vilas Bank under Prompt Corrective Action

Chennai (IANS) Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others.

In a statutory filing in…

FinMin asks CPSEs to clear all dues by Oct 15

New Delhi (IANS) Asserting that all payment delays to the vendors to be ironed out at the earliest, Finance Minister Nirmala Sitharaman on Saturday directed the CPSEs to clear all outstanding payments by October 15 to kick off investment cycle in…

Amid slowdown Lamborghini India delivers 50 SUVs in 1 year

Mumbai (IANS) Even as a slowdown continues to dent India's car market, luxury automobile manufacturer Lamborghini India has created a record for the fastest 50 deliveries of SUV 'Urus' within the first 12 months of its launch.

The…

India's economy to be world's 2nd fastest growing at 6%

United Nations (IANS) The UN trade agency has projected India's growth rate for the current year to slow down at 6 per cent from last year's 7.4 per cent, but the country will be the world's second fastest growing economy, lagging…

FM to meet key ministries on frontloading public expenditure

New Delhi (IANS) Finance Minister Nirmala Sitharaman will on Friday review the total capital expenditure of key ministries in 2019-20 and their CAPEX plans for the future.

Finance Minister Nirmala Sitharaman will hold a meeting with the Secretaries…