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Tanzania has awarded a coal mining license to a London-listed Edenville Energy Plc, which plans to invest $176 million in a mine and a coal-fired power plant. The British-headquartered coal and uranium explorer will build an open cast coal mine at the Mkomolo area in the Tanzanian town of Rukwa.

The government on Monday hiked import tariff value on gold and silver to $399 per 10 grams and $495 per kg respectively, taking cues from global market. For the first fortnight of this month, the import tariff value on gold was fixed at $388 per 10 grams and on silver ...

"The duty drawback scheme has been widened and deepened to include more products and countries. The government will continue to take measures to support the export sector," Jaitley said in his Budget speech for 2016-17.

Enthused by budgetary proposals to boost exports, the rupee on Monday strengthened for the second day by rising 20 paise to end at 68.42 per dollar on sustained selling of the American currency by banks and exporters.

Tata Consultancy Services (TCS) has been recognised as a 'Global Top Employer' by the Top Employers Institute. This certification is only awarded to the best employers around the world - organisations that demonstrate the highest standards of employee offerings, the institute said.

Dhunseri Petrochem Ltd. (Dhunseri) and Thailand’s Indorama Ventures Public Company Limited (IVL) have agreed to enter into an equal joint venture to manufacture and sell PET resins for Indian domestic markets and for exports.

Nissan shares skyrocketed as much as 12 percent on Monday as investors cheered the company's share buyback. Nissan said after the Tokyo market closed on Friday that it would purchase up to 400 billion yen ($3.5 billion) worth of its own shares by the end of the year.

The Union Budget 2016 fell short of the crease for markets as the benchmark Sensex ran up heavy losses following a series of tax proposals but covered up much of the lost ground and closed lower by over 152 points on a flurry of buying activity by domestic institutions.

"Any amount received by the nominee, on the death of the employee at the time of closure of account under National Pension System referred to in section 80CCD of the Income-tax Act is proposed to be exempt", Jaitley said.