RBI’s job is to keep inflation low at all times, says Rajan
MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that benefits both borrowers and savers. “For the RBI, the key tasks are to keep inflation low not just today... read more »
NTPC, 10 others in fray for subsidy on LNG for power plants
NEW DELHI: As many as 11 bidders including NTPC are in the fray on Wednesday for the Rs 298 crore government subsidy on offer for plants receiving inadequate domestic natural gas. The power plants can use the subsidy support from the government to buy expensive imported LNG to make up for the fuel... read more »
Indian Authorities Reject Uber’s Application for Delhi License
NEW DELHI—Uber Technologies Inc.’s application for a license to operate in the Indian capital has been rejected for a second time, according to an order passed by transport authorities in the city. The ride-hailing company applied for a license after its services were banned in Delhi in... read more »
Sensex trades firm amid global rally, Nifty above 7,850; Banking stocks gai...
2.22 pm: GAIL (India) shares advanced over 1 per cent on BSE after the company announced during market hours on Wednesday, that pipeline welding of 12 inch pipeline connecting HFCL Barauni to IOCL, Barauni commenced on Tuesday at Barauni, marking the first phase implementation of company’s... read more »
