· The Organization of the Petroleum Exporting Countries (OPEC), meeting in Vienna, agreed to boost output from July after its de facto leader Saudi Arabia persuaded arch­rival Iran to cooperate in efforts to reduce the crude price and avoid a supply shortage.

posted by Jawwad Kazi 23rd Jun 2018

With banks failing to upgrade software in automated teller machines (ATM) despite repeated reminders, the Reserve Bank of India (RBI) has now directed the banks to complete the process in a phased manner latest by June 2019

posted by Jawwad Kazi 22nd Jun 2018

Indian government slapped higher duties on a number of US import items including apples, almonds, walnuts, diagnostic reagents and certain steel products in retaliation of US tariff hikes.

posted by Jawwad Kazi 22nd Jun 2018

Coal India Ltd. recently announced the commencement of the fourth tranche of auction of coal linkages for non­regulated sectors such as cement, steel/sponge iron, aluminium and others.

posted by Jawwad Kazi 22nd Jun 2018

Reserve Bank of India (RBI) governor said the recent increase in oil prices could impact private consumption adversely during the meeting of the Monetary Policy Committee (MPC) held earlier this month.

posted by Jawwad Kazi 21st Jun 2018