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…

Sensex up 380 points as US hints at trade-war resolution

Mumbai (IANS) The key Indian equity indices opened on a positive note on Thursday with the BSE Sensex trading over 380 points.

The domestic market traded in line with the Asian markets as they rose in hopes of a resolution of the prolonged…

FM to meet pvt banks, NBFCs, HFCs on liquidity, credit disbursal

New Delhi (IANS) Finance Minister Nirmala Sitharaman will meet private sector banks, NBFCs and Housing finance companies on Thursday, official sources said.

HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank are expected to attend and some…

NCLAT allows Dutch administrator to attend Jet creditor meetings

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the Dutch court administrator of Jet Airways to attend the meetings of the bankrupt airline's Committee of Creditors (CoC).

With this ruling, the NCLAT…

India, US very close to trade deal: Trump

New York (IANS) India and the US are very close to concluding a trade deal, and a larger deal is set to be finalised in some time, US President Donald Trump said on Tuesday, as teams from both sides were engaged in negotiating a limited trade package.