Revising its norms for foreign institutional investors (FII) in the infrastructure debt bonds, the capital market regulator Sebi today lowered the minimum bidding and allocation amounts for such investors.
For the second time this month, state-owned oil companies today hiked jet fuel, or ATF, price by 1.5% as falling rupee made oil imports costlier.
Bharti Retail today launched a new format called Easyday Hyper, thus making its entry into Western region, while Reliance Retail opened its first hypermarket under the RelianceMart brand in the city.
The 14-year-old Duty Entitlement Pass Book (DEPB), the popular tax refund scheme for exporters, came to an end today.
Coal India (CIL) today said it expects to review the price of regulated coal meant for core industries in the next three months.
Warning that an Air India-like situation is being replicated at SCI, the Shipping Ministry has raised red flag over the state-run company's plans to acquire fresh vessels, stating the firm stands to lose around USD 200 million from the proposed purchases.
Future Group's education and training arm Future Learning today entered into a joint venture partnership with the National Skill Development Corporation aiming to train seven million Indians in varied industries in the services sector in the next 10 years.
Maintaining that there was 'no crisis' in the government in the wake of the controversial 2G note, Union Law Minister Salman Khurshid today said the joint statement read out by Finance Minister Pranab Mukherjee became necessary as the media had created hype over the issue.
In an exclusive interview to CNBC-TV18, Shakeel Ahmed, chairman and managing director of Hindustan Copper says the company plans to fund Rs 1,850 crore expansions through internal accrual only.
Finance Minister Pranab Mukherjee today said the decision to borrow an additional Rs 53,000 crore from the market during the current financial year may not have a bearing on the fiscal deficit.
The new mining bill cleared by the Union Cabinet today could impact bottomlines of metal companies like Hindustan Zinc, Tata Steel and JSW Steel to name a few by anything between 8%-13%, say analysts as these companies will now have to share 100% royalty with affected locals in the region.
The city police today submitted to a Delhi court a supplementary charge sheet in the 2008 cash-for-vote scam which deals with its efforts to trace the source of money allegedly paid to the three erstwhile BJP MPs to get their votes in favour of the Congress-led UPA-I government's trust motion.
In a bid to streamline purchase of drugs and vaccines for various disease control programmes, the Government today approved setting up of a new procurement agency for the Health Ministry.
Auto components major Bosch Ltd today said it has shut the Bangalore plant, following a tool down strike by workers since Wednesday.
Jindal Steel & Power is examining about two dozen proposals to buy power projects that have acquired land and government licences to accelerate expansion, a senior executive said.
M Manickam, managing director of Sakthi Sugars, in an interview to CNBC-TV18, said that if partial decontrol is allowed, then it will boost sugar exports.
Intel Capital, Intel's global investment organization, today announced plans to invest USD 20 million in six Indian companies. It is part of their ongoing effort to support Indian technology innovations and entrepreneures.
Dubbing union cabinet's approval of the Mines Bill, 2011 as "too little and too late", Orissa Chief Minister Naveen Patnaik today said it would not help poor people living in mineral rich areas.
The Cabinet today cleared the new Mines and Minerals Development and Regulation Bill, 2011. The new bill mandates a 26% post tax profit-sharing by coal miners for the project-affected people. While the step aims to benefit tribals in the minning areas, experts say the move is all set to push down profits of major mining and power companies.
Koutons Retail India said on Friday its corporate debt recast proposal has been approved late on Thursday by its bankers, led by Indian Overseas Bank.
Ailing Koutons Retail has got some respite as bankers have approved its debt restructuring package.
Utility vehicle maker Mahindra & Mahindra finally launched its much anticipated premium global sports utility vehicle XUV500 this week.
Aiming to become an important global player in metal and energy sectors, aluminium major NALCO was targetting a turnover of Rs 25,000 crore by 2020 with ambitious diversification and expansion plans involving an investment of Rs 40,000 crore.
The RBI today gave Reliance Power permission to raise money from the US Exim bank and well as Chinese banks for projects in India. Chief executive officer, JP Chalsani tells CNBC-TV18 that they are planning to raise USD 2.2 billion which will be used for their Sasan Power project.
The Union Cabinet cleared a new bill on regulating and developing mining on Friday which will mandate coal companies to provide 26 per cent of post-tax profit for the welfare of affected people, a move intended to benefit mostly tribals.