Billionaire industrialist Anil Ambani on Monday said business leaders from India and China should enhance rupee-RMB-dollar trade for furthering cooperation between the two nations.
RMB is the abridged form of

Beijing: Backing India’s demand to provide greater access to Indian IT products to address the trade imbalance, Chinese analysts have suggested “Chindia” products, combining Beijing’s manufacturing might with New Delhi’s

Oil ministry has moved a cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Reliance Industries to $6.

Worried over widening current account deficit (CAD), the government on Monday indicated that it could take more steps to check gold imports.
“Some more steps, if necessary, would have to

China, sitting on $3.2 trillion foreign exchange reserves, has offered to help India in its infrastructure development, particularly in energy, railways, ports and telecommunications, besides manufacturing.

Undeterred by India’s pitching for a rating upgrade, global credit rating agency Standard and Poor’s on Friday reaffirmed its long-term negative outlook, a notch above junk, and warned that it may lower the rating if reforms slow down.

The sagging economy will see a turnaround this fiscal on the back of accelerating industrial production, improvement in global conditions and likelihood of good monsoon, the Planning Commission said today.

Encouraged by the declining trend in inflation, the Finance Ministry today made a case for further rate cut by the Reserve Bank to boost sagging growth.