Tag: India Business & World Business News

‘US concerned about untrackable China ships carrying Iran oil’

The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of US sanctions, two senior administration officials said. China is the largest remaining buyer of Iranian oil after US President Donald Trump reimposed sanctions on Tehran’s main export. from Business News: Latest News on

Important for India to keep fiscal deficit in check: IMF chief economist

India’s revenue projections look optimistic, said IMF chief economist Gita Gopinath. As against India’s real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook projected the country’s growth rate at 6,1 per cent in 2019. from Business News: Latest News on Business, Stock Markets, Financial News, India Business

Oil minister Pradhan flexes India’s market muscle for better OPEC terms

At a meeting with OPEC secretary-general Mohammad Sanusi Barkindo here, oil minister Dharmendra Pradhan sought lower OSP (official selling price), credit period of 90 days against 30 days at present, freight discount and open credit based on credit worthiness of Indian state-run refiners who are the main importers. from Business News: Latest News on Business,
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