Local firms must be prepared to invoice or pay in euro: RBI
The Reserve Bank of India's working group on euro has stated that local companies must be prepared to invoice or pay in the new single european currency as they may encounter customers and suppliers in europe who will deal only in euro.

Oil companies slash prices of two key products; naphtha rates to stay put
Barely a fortnight since the oil companies effected a steep hike in prices of three petro-products, two of them--furnace oil (FO) and low sulphur heavy stock (LSHS)--will now be less expensive.

Cease market borrowing, Reserve Bank tells Centre
The Reserve Bank of India has told the finance ministry that any increase in the government's market borrowing programme will not be sustainable against the backdrop of rising inflation and growth in money supply.

  US urges China to expand air services
  France asks Britain to change tack on EU taxes
  Singapore refinery cuts seen marginal
  Foreign banks push for domestic correspondent banking in euro
  Centre accepts revenue appeals withdrawal under Samadhan scheme
  Agency to foster technical tieups between foreign, small local firms on cards
  Seafood exporters, customs differ on eligibility norms for DEPB scheme
  Performance-contracting
  IT majors to set up base at Pune infotech park
  IFCI chief for more feedback among firms, lending FIs
  Balance sheets need to be simpler, more transparent, CAs told
  "Plastic industry should invest more in knowhow"
  Industrialist Jaideep Garware commits suicide
  Truce on insurance eludes BJP, Sangh
  Executive Briefing
  Centre to ensure supply of essential commodities
  Severe pressure on fiscal front, says Montek Singh
  Balance sheets need to be simpler, more transparent, CAs told
  Local firms must be prepared to invoice or pay in euro
  "Plastic industry must invest more in technology"
  Industrialist Jaideep Garware commits suicide
  Truce on insurance eludes BJP, Sangh
  Executive Briefing