The Cabinet Committee on Economic Affairs today approved Yes Bank's proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of USD 1 billion (Rs 6,885 crore).
IL&FS Transportation Networks on Thursday said it has emerged as the lowest bidder for two highways projects worth Rs 4,174 crore in Maharashtra, bids for which were invited by the National Highways Authority of India (NHAI).
The Cabinet Committee on Economic Affairs (CCEA) had on June 27 approved pricing of all domestic gas through Rangarajan formula from April 1, 2014. The price of gas as per the formula is likely to be about USD 8.4 per million British thermal unit (mmBtu) as opposed to USD 4.2/mmBtu currently.
The CCEA has deferred decision on natural gas pricing. Early this year, a panel of experts had recommended doubling domestic gas price from about USD 4.2 per mmBtu (metric million British thermal units), with the price to be reviewed on a monthly basis.