India News

Market regulator SEBI?s proposal to allow mutual funds (MFs) to trade on recognised exchanges through brokers has asset management companies thinking up necessary strategy changes.

India?s largest private-sector company, Reliance Industries Limited (RIL), has submitted a bid to acquire Netherlands-headquartered petrochemicals giant LyondellBasell.

The Central Bureau of Investigation (CBI) today arrested the internal auditor of former Satyam Computer Services Limited V S Prabhakar Rao.

Indian Hotels (which runs the Taj Mahal hotel) and EIH Ltd (which operates Oberoi Trident) have so far got Rs 167 crore as insurance claim from General Insurance Corporation (GIC Re) on account of the 26/11 terror attacks in Mumbai.

In a big bang acquisition move, Reliance Industries Ltd, India's most valuable company, has made a preliminary cash offer to buy a controlling stake in LyondellBasell Industries once the petrochemicals and fuels company emerges from bankruptcy.

ICICI Bank has mopped up US$ 750 million through a five-year bond issue. The issue, made through its Bahrain branch, had an order book of over US $ 3 billion and was participated by over 250 investors. The notes were sold under the Rule 144A/Reg S format.

New Delhi, Nov 21 (ANI): Pavilions from northeast region are doing brisk business at the ongoing 29th India International Trade Fair (IITF) in New Delhi.

As concerns rise over sharp rise inflow of foreign funds to India, the government will set up a joint committee under the finance ministry and Reserve Bank of India (RBI) to make recommendations on the introduction of a mechanism for auctioning external commercial borrowings (ECBs) to corporations.

A high-powered business delegation led by Confederation of Indian Industry (CII) president-elect and co-chairman and managing director of Jubilant Organosys, Hari Bhartia, will arrive in the United States on Monday to strengthen bilateral economic relations between the two countries and forge collaborations on global challenges.

If your name happens to be Abdur Razzaq or a Mohammad Selim, you may have a harrowing time buying an insurance policy.

Bharatstudent.com stole third place behind Orkut and Facebook with over 3 million users, according to comScore's recent list of India's top social networking sites.

With bitter experience of slowdown still etched in their memory, and expecting Reserve Bank of India (RBI) to hike interest rates in early 2010, cautious Indian consumers are refusing to loosen their purse strings. Unsure of the pace of economic growth and stock market movements, consumers are seen favouring fixed deposits to equity to park their funds.

Sitting in his glass-paneled cubicle at Rohan Motors, Greater Noida, Sanjiv Chaurasia, assistant sales manager, is a busy man. And a happy one. His sales team is busy attending to prospective customers, and the daily sales graph is headed north-north-east.

Intensifying the tariff war, the country's largest telecom operator, Bharti Airtel, on Friday slashed the roaming rates by 60 per cent to 60 paise per minute, thus becoming the second operator after Reliance Communications to do so.

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.

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 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.

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.

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.

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