Business News

  • $200 billion possible from PSU stake sale: Kelkar IE - Sat, Nov 21

    India's public sector undertakings have a combined value of $300-400 billion which means by disinvesting half of its stake in them, the government could raise roughly $200 billion, reason enough for it to embark on a more ambitious disinvestment programme, the 13th Finance Commission has said.

  • Rajaratnam's hedge fund sells stake in Edelweiss IE - Sat, Nov 21

    US hedge fund Galleon Group LLC — the US-based hedge fund that is winding down its funds after its founder, Raj Rajaratnam, was accused of heading an insider trading ring — has sold its stake in financial services group Edelweiss Capital Ltd for around Rs 255 crore.

  • Infrastructure deficit IE - Sat, Nov 21

    Infrastructure development drives real-estate development in every city. Its benefits include public facilities, safety, accessibility and connectivity, all of which have the potential to boost mass housing schemes in new areas on the outskirts and prevent migration into already-overflowing metros.

  • Reliance to venture into low-cost housing IE - Sat, Nov 21

    Mukesh Ambani-led Reliance Industries (RIL) is planning to get into no-frills, low-cost housing. The proposal, though on the drawing board, could be kicked off by 2010  

  • TV18 to merge ops of business channels, 12 pc layoffs on cards IE - Sat, Nov 21

    With a view to align businesses and build operational synergy, media company Network18 said it would restructure operations of its flagship company TV18 India by merging broadcasting operations of two of its business news channels - CNBC TV 18 and CNBC Awaaz.

  • Tarapore for early monetary action IE - Sat, Nov 21

    Former Reserve Bank of India deputy governor SS Tarapore has called for early non-disruptive monetary policy action as any delayed measures have to be harsher if the monetary authorities dither and the macroeconomic outlook and capital inflows are misjudged.

  • SteelMin against states alone deciding mining leases IE - Sat, Nov 21

    The steel and mines ministries are locked in a bitter turf war on amending the existing Mines and Minerals Development and Regulation (MMDR) Act.

  • Faceless foreign funds flooding India IE - Sat, Nov 21

    There is a sudden surge in foreign institutional investor (FII) inflows through the participatory notes (P-notes) in the last two months.

  • Dump operator but keep the number, all in Rs 19 IE - Sat, Nov 21

    Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider.

  • Centre ready to pick a larger tab for primary education IE - Sat, Nov 21

    To resolve the impasse over the implementation of its ambitious programme to educate all in the 6-14 age group over the next five years, the Centre has agreed to make concessions by picking up a larger part of the Rs 1,74,000 crore bill estimated by the ministry of human resource development.

  • Beetle to cost Rs 20 lakh on high import duty IE - Fri, Nov 20

    Get ready to shell out Rs 20 lakh for the iconic Volkswagen Beetle that will hit Indian roads on December 4, courtesy a high import duty levied on the car.

  • Brazil effect: Sensex falls 213 pts, rupee down 48 paise IE - Fri, Nov 20

    Brazil's "bizarre" tax measures aimed at stemming the biggest currency rally and inflow of hot money into its capital market unnerved India's financial markets on Thursday.

  • Sugar cooperatives may become powerhouses for rural Gujarat IE - Fri, Nov 20

    Sugar cooperatives in the state might soon turn into powerhouses for rural areas if their recent proposal is accepted by the Gujarat Electricity Regulatory Commission (GERC).

  • Maharaja needs a makeover, Air India calls in 12 agencies IE - Fri, Nov 20

    As loss-hit Air India plans to rebrand itself, it may end up with a more business-like avatar of its mascot, the Maharaja — a royal in striped turban and red tunic.

  • 'Monetary policy has a bearing on food inflation' IE - Fri, Nov 20

    Even as the Reserve Bank of India (RBI) is exiting its accommodative monetary policy, economist and policy doyen C Rangarajan says that soaring food price inflation could warrant a stricter stance from the central bank.

  • Nod for ABG, Bharati offers for Great Offshore IE - Fri, Nov 20

    The takeover battle for Great Offshore is likely to intensify with both ABG Shipyard Ltd and Bharati Shipyard Ltd receiving regulatory approvals for their open offers for a stake in Great Offshore.

  • 12 PSU bank honchos retiring, govt plans longer innings for new entrants IE - Fri, Nov 20

    With 12 chairmen of state-owned banks leaving office in the next 15 months, the appointment committee might tweak one of the prime eligibility criteria for the post.

  • JSW Steel, JFE of Japan may go for equity tie-up IE - Fri, Nov 20

    Sajjan Jindal-led JSW Steel and JFE Steel Corp of Japan are considering investing in each other as part of a strategic tie-up for making automotive steel for the Indian market.

  • Gold demand falls 49% in July-Sept quarter IE - Fri, Nov 20

    Gold demand in the country fell 49 per cent in the July-September quarter when compared with the same period of last year as high prices and a poor monsoon impacted consumer spending and confidence.

  • Suzlon sells 35.2 pc in Hansen for $370 mn IE - Fri, Nov 20

    Wind turbine major Suzlon Energy has sold 35.22 per cent of its stake in Belgian company Hansen Transmissions at a price of 95 pence per depository interest.


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