Briefly Business: Sharma to meet FM to seek sops for exports

Sharma to meet FM to seek sops for exports

New Delhi: Admitting that $360 billion exports target is difficult to achieve, commerce and industry minister Anand Sharma on Monday said he would soon meet the finance minister to seek subsidy on loans for certain sectors to boost exports.

Essar commissions second unit of Vadinar

Mumbai: Essar Power on Monday said it has commissioned the second unit of 225 MW of its 510 MW Vadinar Phase 2 project in Gujarat.

75-minute Muhurat trading today

New Delhi: The Bombay Stock Exchange and the National Stock Exchange will open on Tuesday from 3.45 pm and close at 5.00 pm for a special Muhurat trading to start the Samavat year 2069.

Nomura says industry has bottomed out

Mumbai: Brokerage house Nomura India has played down the 0.4 per cent contraction in factory output numbers, saying the industrial cycle has bottomed out.

OVL plans to restart South Sudan output

New Delhi: ONGC Videsh Ltd, the overseas arm of ONGC, plans to restart crude oil production from its fields in South Sudan in next few weeks, company sources said on Monday.

AIG keen to sell bank, expand in mortgages

HONG KONG: American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the firm "too big to fail," its chief executive Bob Benmosche said.

SAS cuts 800 jobs in 'final call' plan to save

COPENHAGEN: Scandinavian airline SAS has said it will slash 800 jobs in an effort to cut costs by $440 million annually in what the CEO described as a "final call" for the loss-making carrier.

Leucadia eyes Jefferies, valuing it at $3.6 bn

New York: Investment company Leucadia National Corp said it will buy Jefferies Group Inc in a deal that values the investment bank at $3.6 billion.

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