Jaitley bats for lower interest rates on deposits

New Delhi, July 9  Finance Minister Arun Jaitley has questioned the high interest rate regime for domestic savings, especially when the propensity to park funds in banks is high in India and the corporate sector constantly complains of high cost of funds.

“India has another peculiar characteristic that we are…

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Essar Steel Minnesota files for bankruptcy in US

New York, July 9  Essar Steel Minnesota has filed for Chapter 11 bankruptcy in a US court after it failed to pay its mining leases, prompting the state’s Governor Mark Dayton to cancel them. The project involved iron ore pellet production of 7 million tonne per annum.

“This morning…

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Smaller and lighter Bluetooth wireless speaker from Creative

New Delhi, July 9 Singapore-based Creative recently launched a brand new variant of the popular Sound Blaster Roar portable Bluetooth wireless speaker — the smaller and lighter Sound Blaster Roar 2.

The all-new portable speaker retains the same five speaker drivers and battery life as the Classic Sound Blaster…

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India one of most open economies: PM tells S African CEOs

Pretoria, July 8 (PTI) Presenting India as the one of the most open economies, Prime Minister Narendra Modi today invited South African businesses to participate in its transformation march and tap the huge opportunities by enhancing investment and diversifying the basket of trade.

Addressing top business leaders of India and…

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PM stresses industry-to-industry ties with S Africa

Pretoria, July 8  Prime Minister Narendra Modi on Friday laid emphasis on industry-to-industry ties between India and South Africa for greater economic gains while thanking South African President Jacob Zuma for extending support to India’s bid for membership in the Nuclear Suppliers Group.

“I am convinced that…

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