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Oct 04, 2018 02:17 PM IST | Source: Moneycontrol.com
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highlights
Dharmendra Pradhan meets FM Arun Jaitley as fuel prices touch new high
SFIO to probe role of statutory auditors in IL&FS case
SC allows ArcelorMittal, Numetal to pay any outstanding dues in 2 weeks
Pakistan cancels Indian High Commissioner's event at Lahore: Report
Several Indian companies debarred by World Bank in 2018
Without US protection Saudi King would collapse in two weeks: Trump
US pulls out from protocol of Vienna Convention over Jerusalem embassy move
Oil price falls as Saudi and Russia quietly agree output rise
JUST IN | Finance Minister Arun Jaitley to hold a press conference on fuel price hike at 3 pm, reports CNN News18.
JUST IN | Oil minister and finance secretary are in a meeting as of now over the rising fuel prices, reports CNN New18.
Dharmendra Pradhan meets FM Arun Jaitley as fuel prices touch new high
Concerned over the spike in fuel prices, Finance Minister Arun Jaitley met Oil Minister Dharmendra Pradhan to look at options to mitigate its impact on the economy, reports PTI quoting sources aware of the discussion said. The two ministers met last evening amid concerns of high fuel prices adding to farmers' distress, particularly in the upcoming Rabi crops season, sources said.
BREAKING NEWS | ICICI Bank CEO Chanda Kochhar quits with immediate effect. The ICICI Bank board appoints Sandeep Bakhshi as MD, CEO for 5 years with effect from October 3. Separately, MD Mallya, Independent Director, resigned from the Board due to health reasons.
SFIO to probe role of statutory auditors in IL&FS case
JUST IN | Serious Fraud Investigation Office (SFIO) may probe the role of statutory auditors in IL&FS case, reports CNBC TV18 quoting sources. SFIO believes that mismanagement of funds was ignored by auditors in their report. The value of IL&FS' intangible assets is reported at Rs 20,000 crore. The investigative body found that IL&FS was paying dividends to shareholders from borrowings.
JUST IN | PM Narendra Modi to hold a high-level meeting over rising fuel prices, reports CNN News18.
JUST IN | The Supreme Court squashes a petition challenging deportation of seven Rohingyas, reports India Today. The Centre told Supreme Court that Myanmar has accepted the Rohingyas as their citizens and has agreed to take them back, reports ANI.
SC allows ArcelorMittal, Numetal to pay any outstanding dues in 2 weeks
Essar Steel Case: The Supreme Court allows ArcelorMittal, Numetal to pay any outstanding dues in two weeks, reports CNBC TV18. The Chamber of Commerce (CoC) will consider both proposals within eight weeks after curing the defects, the report said.
Pakistan cancels Indian High Commissioner's event at Lahore: Report
JUST IN | Pakistan cancels Indian High Commissioner's event at Lahore without giving any reason, reports India Today.
JUST IN | UK accuses Russian spies of global cyber attacks campaign, reports AFP.
Several Indian companies debarred by World Bank in 2018
Several Indian companies and a few individuals from India have been barred by the World Bank from its various projects across the globe, reports PTI quoting the multi-lateral lending agency.
Without US protection Saudi King would collapse in two weeks: Trump
The Saudi Kingdom will collapse in two weeks in absence of American protection, US President Donald Trump has said, pressuring one of its closest allies over rising oil prices that are putting a huge drain on economies like India.
US pulls out from protocol of Vienna Convention over Jerusalem embassy move
The US has decided to withdraw from the optional protocol on disputes of the Vienna Convention, reports PTI quoting National Security Adviser John Bolton. Bolton cited a Palestinian lawsuit challenging America's move to shift its embassy from Tel Aviv to Jerusalem as the reason.
Oil price falls as Saudi and Russia quietly agree output rise
Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output, reports Reuters.
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