Policy tweak in works to allow companies to sell oil & gas to affiliates

The development has triggered a debate in the oil ministry on whether it is possible to redefine the universally-recognised principle of arm’s length transaction in... Read more »

Challenge is to keep metro travel affordable: Hardeep Singh Puri

Citing examples of how the city of London and New York under one central authority have managed to run different modes of transport efficiently without much overlap, the minister said progress... Read more »

Jan Dhan overdraft option likely to give Rs 32,000 crore boost to economy

"We expect that mostly vegetable sellers or similar small shop owners will use this facility for their daily businesses," said an official. Read more »

IIT Delhi readies a slew of innovations

Next week, IIT-Delhi will host its second industry day at its campus where several startups, students and researchers from IIT-Delhi will showcase innovative solutions. Read more »

Banks opening up loan window to high rated gold jewellers, but no respite for smaller ones

Banks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant Nirav Modi erupted early this year. Read more »

IITs to jointly look for foreign faculty

Each top institute has been allocated one or more geographical area where it will be responsible for the recruitment of global teaching talent Read more »

SC lifts stay on safeguard duty on solar imports

The Orissa High Court will continue to hear a petition filed against the safeguard duty, but there will be no stay on imposing it, the people said. Read more »

Over-optimistic bankers, growth slowdown responsible for bad loans: Raghuram Rajan

Citing an example, Rajan said "one promoter told me about how he was pursued then by banks waving chequebooks, asking him to name the amount he wanted". Read more »

Aadhaar not mandatory for booking international parcel: Department of Posts

Moreover, all such documents are only required for office records and won’t be pasted on the consignments, the postal dept said. Read more »

IOC to invest Rs 170 crore in strategically vital Siliguri oil terminal

State-owned Indian Oil Corporation is going to infuse Rs 170 crore in capacity augmentation of its Siliguri storage terminal that supplies fuel to a vast area and important defence establishments Read more »