Regulatory News

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Sensex closes at more than one-year low

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REUTERS - Indian stock markets fell more than 2 percent on Friday and closed at their lowest levels in over a year on weak global cues amid caution ahead of a key U.S. jobs report due later in the day.

ONGC pays just over $1.25 bln for Vankor stake: source

NEW DELHI - Oil and Natural Gas Corp (ONGC) has paid just over $1.25 billion for a 15 percent stake in Russian oil major Rosneft's Vankor oil field, a source with direct knowledge of the deal said on Friday.

Top News 9:03am IST

India saves $1.8 bln on fertiliser subsidies, but no reform planned

NEW DELHI, - India could save about $1.8 billion on fertiliser subsidies this year thanks to low energy prices but Prime Minister Narendra Modi's government, two sources said, has no plans to remove price controls, a reform that would risk angering farmers.

Top News, 4:22pm IST

India edible oil producers fight losing battle against cheap palm oil imports

DEWAS, India - Rajesh Agrawal had built two large oilseed crushing mills in central India, betting on rising local consumption of edible oils. But now after 30 years of soaring demand and good business, his main mill is shut and covered in grass.

Top News, 7:59am IST

U.N. demands Europe mobilise on migrants, Hungary warns of "mass inflow"

GENEVA/BUDAPEST - The United Nations' refugee chief called on Friday for Europe to mobilise its "full force" in tackling its migrant crisis, just as Hungary's right-wing leader told Europeans they risk becoming a minority on their own continent. | Video

Top News, World 4:17pm IST

GVK wins court fight over Australian coal mine

MELBOURNE - Green groups lost a fight to stop billionaire Gina Rinehart and India's GVK from building a giant coal mine in Australia, as a court on Friday dismissed an appeal against the state of Queensland's environmental approval for the project.

Top News, 8:22am IST

Drowned Syrian toddlers and their mother buried in Kobani

KOBANI, Syria - Two Syrian toddlers who drowned with their mother as they were trying to reach Greece were laid to rest in the Syrian town of Kobani on Friday, a Reuters witness said.

Top News, World 3:26pm IST

Thai probe hits hurdle; no bomb match to suspects' DNA

BANGKOK - Forensic tests on two suspects have failed to find a link to the site of Thailand's deadliest bomb attack, police said on Friday, dealing a blow to the investigation.

Top News, World 2:24pm IST

Drugmaker Cipla pushes into U.S. with two deals

MUMBAI - Indian drugmaker Cipla Ltd is set to buy two U.S. generics businesses in cash deals worth $550 million, it said on Friday, following rivals with a push to enhance its presence in the world's largest generics market.

Top News, 4:43pm IST

India cancels foreign funding licence of Greenpeace local unit

NEW DELHI - India's government has cancelled a licence that allowed Greenpeace International's Indian unit receive donations from abroad, the environmental group said on Thursday.

Top News, 03 Sep 2015
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