One year after being hit by a $2-billion scam, India’s Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country’s biggest banking fraud.
India's Hindu nationalist-led government poured extra money into support for farmers and a rural jobs program, delivering on Friday its last budget before a general election due by May with the clear aim of winning over votes.
The Indian government has unveiled its long-awaited National Clean Air Program (NCAP) that aims at a 20-30 percent reduction of particulate matter (PM) concentration over the next five years, with an overall goal of mitigating air pollution and improving air quality in the country, which has some of the world's most polluted cities.
India's ONGC Videsh Ltd. (OVL) signed a cooperation agreement with Iran's Industrial Development and Renovation Organization (IDRO) Oil to jointly bid for a $900-million development plan of Susangerd oilfield in southwest Iran.
India's scheduled crude oil loadings from Iran, excluding condensate, an ultra-light oil, were about 550,000 bpd last month — up 78 percent from the previous month and the highest since March, according to a source with knowledge of the country's tanker loading schedule.
Pleas by local officials for farmers to switch from rice to oilseeds and pulses and protect dangerously low water levels are falling on deaf ears, and may be further undermined by government policies encouraging cultivation of thirsty crops.
India's ultra-competitive app-based taxi-hailing market has quickly become a multi-billion-dollar industry, but controversy surrounding safety, rejected licenses and protesting cabbies threatens to slam the brakes on its spectacular rise.