Saturday 24th February 2018,
Radio Metta

Business

India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

Indian state-run Oil and Natural Gas Corp plans to bid for Israeli offshore oil-and-gas exploration blocks, India’s oil minister told Reuters, the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July. India and Israel have deep defence ties but Modi and his right wing ruling group [...]

September 8, 2017 Loknath Das Business Comments Off on India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

Tata Motors President and CTO Timothy Leverton quits, to move back to UK

Tata Motors President and CTO Timothy Leverton quits, to move back to UK

Tata Motors on Monday said its President and Chief Technology Officer (CTO) Timothy Leverton has resigned, after nearly seven years of association with the automaker. Leverton has decided to disengage from his services in the organisation as he wishes to relocate back to the UK for personal reasons, Tata Motors said in a statement. He [...]

September 8, 2017 Loknath Das Business Comments Off on Tata Motors President and CTO Timothy Leverton quits, to move back to UK

GST council panel extends deadline to file detailed returns

GST council panel extends deadline to file detailed returns

A panel of the goods and services tax (GST) council, which is authorized to take emergency decisions, on Monday decided to extend the deadline for filing detailed indirect tax returns for July, giving taxpayers extra time for compliance. Businesses and traders have to file detailed returns for their transactions in three forms—GST returns 1, 2 [...]

September 8, 2017 Loknath Das Business Comments Off on GST council panel extends deadline to file detailed returns

Zomato in talks with Ant Financial to raise $100-200 mn

Zomato in talks with Ant Financial to raise $100-200 mn

Food ordering and restaurant discovery platform Zomato Media Pvt. Ltd is in talks with China’s payments giant Ant Financial Services Group to raise $100-200 million, three people familiar with the matter said. The deal, which hasn’t been finalized, may value Zomato at between $800 million and $900 million, said two of the three people cited [...]

September 8, 2017 Loknath Das Business Comments Off on Zomato in talks with Ant Financial to raise $100-200 mn

Supply disruption halts work at Hyundai Motor’s plant in China

Supply disruption halts work at Hyundai Motor’s plant in China

Hyundai Motor Co said its China plant halted operation due to a supply disruption on Tuesday, its second shutdown in China in less than a month as diplomatic tensions between China and South Korea over a US missile defence system took toll on its business. One of the five China plants operated by its joint [...]

September 8, 2017 Loknath Das Business Comments Off on Supply disruption halts work at Hyundai Motor’s plant in China

Govt plans to reduce number of PSU banks to 10-15

Govt plans to reduce number of PSU banks to 10-15

India is looking to reduce the number of state-run banks to 10 to 15, more than what was envisaged earlier, through a series of mergers and acquisitions so that none of the banks become too big to fail, said Sanjeev Sanyal, principal economic adviser at the finance ministry. “Consolidation will not be taken too far [...]

August 21, 2017 Loknath Das Business Comments Off on Govt plans to reduce number of PSU banks to 10-15

Income tax scrutiny to remain limited despite surge in returns filed

Income tax scrutiny to remain limited despite surge in returns filed

The income tax department will maintain the number of tax returns chosen for scrutiny at the current level of less than 1% of all returns in spite of a surge in individual tax filings to keep the process non-intrusive and tax-payer friendly. Gentle persuasion through text messages, emails and advertisements will remain the department’s main [...]

August 21, 2017 Loknath Das Business Comments Off on Income tax scrutiny to remain limited despite surge in returns filed

BSE to delist 200 firms, bar their promoters on August 23

BSE to delist 200 firms, bar their promoters on August 23

Leading stock exchange BSE will ‘compulsorily’ delist 200 firms this week and bar their promoters from the markets for 10 years as trading in these shares have remained suspended for over a decade. All these companies will be delisted from August 23. The move also comes at a time when authorities are clamping down on [...]

August 21, 2017 Loknath Das Business Comments Off on BSE to delist 200 firms, bar their promoters on August 23

India’s July WPI inflation quickens to 1.88%

India’s July WPI inflation quickens to 1.88%

India’s wholesale price inflation rate picked up in July after easing for four straight months, with food prices back on the rise. The wholesale price index rose 1.88% in July from a year earlier, compared with an increase of 0.63% in July 2016, government data showed on Monday. The rise compares with a 1.3% increase forecast [...]

August 16, 2017 Loknath Das Business Comments Off on India’s July WPI inflation quickens to 1.88%

Anadarko close to final investment decision for Mozambique LNG

Anadarko close to final investment decision for Mozambique LNG

Mozambique, a country emerging as a natural gas leader, is one step closer to developing the infrastructure needed for LNG, Anadarko Petroleum said. Anadarko, which has headquarters in the United States, said Monday it finalized agreements with the government of Mozambique that open the door for the construction of a liquefied natural gas project in [...]

July 31, 2017 Loknath Das Business Comments Off on Anadarko close to final investment decision for Mozambique LNG

Germany says ‘nein’ to U.S. energy ambitions, survey shows

Germany says ‘nein’ to U.S. energy ambitions, survey shows

 Norway is the most trustworthy partner for European natural gas and most Germans see the United States as less-than-forthcoming on energy, a survey found. Forsa Institute, one of the leading polling firms in Germany, conducted a survey of public opinion about the regional energy industry on behalf of German energy company Wintershall. The firm has [...]

July 31, 2017 Loknath Das Business Comments Off on Germany says ‘nein’ to U.S. energy ambitions, survey shows

Senegalese oil plans well funded, Australian company says

Senegalese oil plans well funded, Australian company says

 With more than $90 million in cash, the capital is available to support the development of the rich oil reserves offshore Senegal, an Australian company said. FAR Ltd., an Australian energy company and one of the early movers into West Africa, said two blocks offshore Gambia hold at least 1 billion barrels of oil. Offshore [...]

July 31, 2017 Loknath Das Business Comments Off on Senegalese oil plans well funded, Australian company says