Edition:
United States

Promit Mukherjee

RBI objects to payments regulator outside its control

Oct 19 2018

MUMBAI The Reserve Bank of India (RBI) issued a rare public objection on Friday to a government-led panel's recommendation for payments systems to be overseen by a regulator that would be set up outside the central bank's control.

India central bank objects to payments regulator outside its control

Oct 19 2018

MUMBAI, Oct 19 India's central bank issued a rare public objection on Friday to a government-led panel's recommendation for payments systems to be overseen by a regulator that would be set up outside the central bank's control.

RBI eases bank lending limits to some non-banking finance firms

Oct 19 2018

MUMBAI The Reserve Bank of India on Friday eased lending norms related to certain non-banking finance companies (NBFCs) as liquidity concerns in the sector persist and markets continue to question the viability of some of the firms following the IL&FS debacle.

UPDATE 1-India's cenbank eases bank lending limits to some non-banking finance firms

Oct 19 2018

MUMBAI Oct 19 The Reserve Bank of India on Friday eased lending norms related to certain non-banking finance companies (NBFCs) as liquidity concerns in the sector persist and markets continue to question the viability of some of the firms following the IL&FS debacle.

Reliance shares slide on debt, delay in key project

Oct 19 2018

MUMBAI Shares in Reliance Industries dropped as much as 7 percent on Friday, the first trading session after it reported record second-quarter results, weighed down by the company's heavy debt and a delay in a key refining project.

India's Reliance Industries halts Iranian oil imports

Oct 17 2018

NEW DELHI India's Reliance Industries Ltd , owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of U.S. sanctions against Tehran's oil sector, its joint chief financial officer said.

OPEC urges producers to ramp up investment amid shrinking spare oil capacity

Oct 16 2018

NEW DELHI OPEC Secretary-General Mohammad Barkindo on Tuesday urged oil producing companies to increase capacities and invest more to meet future demand as spare oil capacity shrinks worldwide.

REFILE-OPEC says India oil demand to rise by 5.8 mln bpd by 2040

Oct 16 2018

NEW DELHI, Oct 16 India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40 percent of the overall increase in global demand during the period, OPEC's secretary general said on Tuesday.

MRPL expects India to get waiver from U.S. sanctions on Iran this month: official

Oct 16 2018

NEW DELHI India's Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

UPDATE 1-MRPL expects India to get waiver from U.S. sanctions on Iran this month - official

Oct 16 2018

NEW DELHI, Oct 16 India's Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

World News