European Union May Lift Ban On Import of Indian Mangoes
According to a senior government official, the European Union is likely to lift the ban on the import of Indian mangoes and other vegetables this month. Earlier this year, the 28-member European Union had temporarily banned the import of Alphonso mangoes and four other vegetables from India.... read more »
India hikes excise duties on diesel, petrol
India on Tuesday raised excise duties on petrol by 2.25 rupees per litre and on diesel by 1 rupee per litre with immediate effect, the finance ministry said in a statement to parliament. The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices... read more »
Alibaba founder Jack Ma in India; to meet Snapdeal’s Kunal Bahl
NEW DELHI | MUMBAI: Alibaba founder Jack Ma is on a visit to India, his first to the country after a record-shattering initial share sale saw the ecommerce company raise $25 billion (Rs 1.5 lakh crore) in September. Ma, who is China’s wealthiest man with a net worth of nearly $30 billion, is... read more »
Reliance Capital gains as Nippon Life Insurance hikes stake in asset manage...
Reliance Capital surged 4.56% to Rs 503 at 13:09 IST on BSE after the company said Nippon Life Insurance has agreed to increase its stake in Reliance Capital Asset Management to 49% from the existing 26% in two or more tranches. The announcement was made during market hours today, 26 November... read more »
