Government slashes natural gas prices by 16% to $4.24 per unit
The government has cut natural gas prices by 16% to $4.24 per unit for the six-month period, beginning October 1. Natural gas prices, according to a formula approved by the government in October last year, will fall to $4.24 per million British thermal unit on net calorific value (NCV) basis from... read more »
Nippon Life to hike stake in life insurance, mutual fund business: Ambani
MUMBAI: Bullish on growth prospects of his group’s financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year. In... read more »
Pravin Dixit appointed Maharashtra DGP
Maharashtra Anti Corruption Bureau chief Pravin Dixit will take charge as the Maharashtra Director General Of Police after present incumbent Sanjeev Dayal retires on Wednesday. Dixit will be taking charge at 1p.m. after a ceremonial welcome. Chief Minister Devendra Fadnavis approved the... read more »
Modi suddenly pressured to act after Raghuram Rajan cuts rates
New Delhi: Now that the Reserve Bank of India (RBI) governor Raghuram Rajan responded to government pressure with India’s biggest rate cut since 2009, it’s Prime Minister Narendra Modi’s turn to act. India’s lenders have been slow to pass on rate cuts earlier this year, prompting Rajan to... read more »
