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ONGC eases financial criteria in tenders to accommodate US firms

New Delhi, Oct. 21 -- To accommodate US firms in its procurement tenders, Oil & Natural Gas Corp (ONGC) will allow bidders to submit parent firm's consolidated accounts for assessing their financial c... Read More


CCI clears Torrent Pharma's proposal to buy stake in JB Chemicals

NEW DELHI, Oct. 21 -- The Competition Commission of India (CCI) on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to volunta... Read More


India faces specialty fertiliser price surge after China suspends exports

New Delhi, Oct. 21 -- India is preparing for higher fertiliser prices ahead of the crucial rabi (winter) crop season after China suspended exports of urea and specialty fertilisers from October 15, a ... Read More


PFRDA releases draft framework on pension wealth accumulations

NEW DELHI, Oct. 21 -- The Pension Fund Regulatory and Development Authority (PFRDA) has released a comprehensive consultation paper which aims to present pension wealth accumulations more clearly to s... Read More


Coal import drops marginally in August to 20.58 MT

NEW DELHI, Oct. 21 -- India's coal import dropped by marginal 0.6 per cent to 20.58 million tonne in the month of August, over the year-ago period. The country's coal import was 20.70 MT in the corre... Read More


RBI sold $7.7 billion in August to check exchange rate volatility of Rs.

MUMBAI, Oct. 21 -- The Reserve Bank sold USD 7.7 billion in August to check exchange rate volatility as well as to arrest the decline in value of the rupee against the American currency. The central ... Read More


FRRB now looks at low audit fees and negative reserve parameters

NEW DELHI, Oct. 21 -- Seeking to further improve quality, the chartered accountants' body ICAI's Financial Reporting Review Board (FRRB) has introduced new parameters of low audit fees and negative re... Read More


Bengali celebs spread Diwali cheers

New Delhi, Oct. 21 -- For some, it was spending quality time and digging into sumptuous delicacies with friends and for some, it was a night of extreme devotion and light. The Tollywood celebrities we... Read More


Two dead as cargo plane skids off runway and crashes into sea at Hong Kong airport

Hong Kong, Oct. 20 -- A cargo aircraft skidded off a Hong Kong runway into the sea when landing early Monday, killing two people. The flight, arriving from Dubai, United Arab Emirates, was landing at ... Read More


GRAP-2 curbs kick in as Delhi's air turns 'very poor' ahead of Diwali

New Delhi, Oct. 19 -- The Commission for Air Quality Management (CAQM) has activated Stage II of the Graded Response Action Plan (GRAP) across Delhi-NCR, following a significant deterioration in the c... Read More