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''Brexit'' fears haunt London's roaring trade in euros

Last Updated: Wednesday, July 22, 2015, 21:23

The capital of euro trading prospers outside the euro zone, but London`s dominance of the $5.3 trillion-a-day foreign exchange market could wane if Britain left the European Union.

Greece bailout deal by mid-August: EU`s Moscovici

Last Updated: Wednesday, July 22, 2015, 21:08

Greece and its creditors aim to finalise a deal for the country`s third bailout by mid-August in time for Athens to make a huge payment to the ECB, EU Economic Affairs Commissioner Pierre Moscovici said Wednesday.

EU orders France's EDF to repay huge tax break

Last Updated: Wednesday, July 22, 2015, 19:10

The EU ordered France`s electricity giant EDF to repay the French state 1.37 billion euros ($1.5 billion) in back taxes on Wednesday, in a case dating from 1997.

Govt extends interest subvention on crop loans for farmers

Last Updated: Tuesday, July 21, 2015, 23:14

The government on Tuesday extended the interest subvention scheme to banks to ensure availability of crop loans of up to Rs 3 lakh to farmers at 7 percent per annum.

India, EU likely to restart FTA talks on Aug 28

Last Updated: Tuesday, July 21, 2015, 21:45

After a gap of about two years, India and the European Union are expected to resume negotiations on August 28 on the proposed free trade agreement (FTA) to boost two-way commerce and investment.

Banks to reopen, taxes hiked as Greece prepares to reboot economy

Last Updated: Monday, July 20, 2015, 08:57

Greek banks prepared to reopen Monday after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price hikes.

'Composite cap on FDI to remove confusion among investors'

Last Updated: Friday, July 17, 2015, 16:40

Introduction of the composite cap concept in the FDI policy will remove confusion among investors with regard to multiple limits on various categories of overseas investments such as FII, Commerce and Industry Minister Nirmala Sitharaman Friday said.

Composite cap on FDI creates confusion over FII limit in banks

Last Updated: Thursday, July 16, 2015, 21:56

Government's decision to introduce composite caps on foreign investment has led to confusion among bankers who say overseas portfolio investments can now go up to 74 percent as against the current ceiling of 49 percent.

Cabinet approves Rs 8,548 cr power transmission project

Last Updated: Thursday, July 16, 2015, 15:10

The Union Cabinet on Thursday approved a power transmission project worth Rs 8,548.68 covering seven states including Andhra Pradesh, Gujarat and Maharashtra.

Cabinet to decide on composite foreign investment caps tomorrow

Last Updated: Wednesday, July 15, 2015, 19:57

Seeking to streamline the foreign investment regime, the Union Cabinet is expected to take a decision Wednesday on introducing a composite cap which will include FDI, FII and other instruments in various sectors.

Amendments to arbitration law to come before Cabinet tomorrow

Last Updated: Wednesday, July 15, 2015, 16:50

The amendments to Arbitration and Conciliation Act, 1996 have been placed on the agenda of the Cabinet for Thursday, sources said here.

Greek parliament to vote on controversial bailout

Last Updated: Wednesday, July 15, 2015, 12:01

Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, in what could be Prime Minister Alexis Tsipras's toughest political test yet.