Economy

State-owned Indian Oil Corporation Limited (IOCL), India’s largest fuel retailer is planning to almost double its retail outlets to more than 52,000 in the next three years, from 27,000 now to maintain its market leadership in fuel retail. These include both company-owned and franchisee-run outlets. Together, state-owned oil marketing companies …

The Reserve Bank of India (RBI) has warned about upside risks to inflation during the remaining part of the current financial year, ‘warranting vigil and readiness’ to deal with them. The risks could emanate from rising commodity prices, especially crude oil, global financial market developments and second-round impact from revision …

A grade separator at the Karnataka Polytechnic Junction and an overpass at Nanthoor Junction here will be built under the Sagar Mala Project, according to Nalin Kumar Kateel, Member of Parliament, Dakshina Kannada. Speaking at a function organised by Mangaluru City Corporation to launch 27 new development projects and inaugurate …

The rupee has suffered significant losses this year but the worst seems to be over and the domestic currency is expected to be in the range of 67-68 against the U.S. dollar by December, according to an economist with HDFC Bank. The rupee ended below the 70-mark against the U.S. …

TransportHub (TH), an online platform that provides technology ecosystem and a whole gamut of IoT and analytics solutions to transport and logistics businesses, has chalked out plans to foray into West Asia and Africa. “We have initiated talks with entities in Dubai and South Africa to expand our footprint in …

The textile industry can tap opportunities emerging globally in high-value manufacturing by converting fibre into fibre assemblies, according to Prasad Potluri, professor of robotics and textile composites and director of research at Northwest Composites Centre, University of Manchester. Mr. Potluri, who were here recently, told The Hindu that high-value manufacturing …

Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise. Unviable foreign operations are being shut while multiple branches in same cities or nearby places are being rationalised with a view to achieving efficiency, sources said. As part of …

Global technology giants should reinvest part of their profits for development of infrastructure and job creation in revenue generating countries such as India, Union Minister of Electronics and IT Ravi Shankar Prasad said. Speaking at the G20 Digital Economy Ministerial meeting in Argentina, the Minister said the largest and most …

The Bureau of Indian Standards (BIS) standards is set to formulate a framework for quality services that should be provided to consumers and also talk about the benchmarks to deal with consumer complaints or after sales service in an effort to ensure quality in the services sector. At a meeting …

Non-institutional moneylending at exorbitant interest rates is a complex phenomenon, with different facets in different regions. While the Karnataka government on Friday announced one-time discharge of loans availed from moneylenders through Debt Relief Bill, 2018, implementing this is a tough task, given the nature of rural lending. Source : https://www.thehindu.com/todays-paper/the-tentacles-of-moneylending-run-deep/article24783052.ece