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Reliance Power to Buy JP Group Hydro Assets

Anil Dhirubhai Ambani-led, Reliance Power has  signed an agreement to acquire the entire 1,800 MW hydroelectricity…

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Explore Venues Within Tihar Jail For Subrata Roy To Hold Talks With Buyers: SC To…

The Supreme Court on Friday asked the Delhi government to search for a place within Tihar jail complex where Sahara group chief Subrata Roy can carry out negotiations with potential buyers for his properties. The…

26 Jul 2014

'Foreign investment needed to Harness Power Potential of Northeast'

Without foreign investment, the vast power potential of the northeastern region could not be leveraged, says the man heading the government-run North Eastern Electric Power Corporation (NEEPCO). "Government resources are limited to commission plenty of power…

25 Jul 2014

Banks are not Keen for Sanctioning of Loans for Handloom Sector, says Gangwar

Banks have not been showing eagerness in sanctioning loans for handloom sector, and this has forced the Textiles Ministry to urge the Finance Ministry to fix a sub-target for handloom sector under priority sector, the…

24 Jul 2014

End-September deadline for announcing new gas price

Domestically produced gas would continue to be priced at the rate prevailing on March 31 last pending a comprehensive review of the gas pricing guidelines notified by the previous government, parliament was informed on Thursday. "The…

24 Jul 2014

Cabinet okays 49 percent FDI in insurance

The union cabinet on Thursday approved a proposal to increase foreign direct investment (FDI) limit in the insurance sector to 49 percent from the current 26 percent. The Cabinet Committee on Economic Affairs (CCEA) chaired by…

24 Jul 2014

Nifty hits new lifetime high of 7,809.20 on heavy inflow of foreign funds; Reliance, banks…

The National Stock Exchange index Nifty today scaled a new record-high of 7,809.20 points, led by a rally in IT, tech, auto, oil & gas, banking and pharma stocks on sustained foreign capital inflows amid…

24 Jul 2014

Gujarat Model may Help India Jump Ahead 50 Spots in Ease of Doing Business: World…

India, presently ranked at 134th place in the ease of doing business report of the World Bank, would be jumping ahead by 50 spots through the implementation of the Gujarat model of reforms, said Jim…

23 Jul 2014

Nifty Hits New Lifetime High Of 7,809.20 On Capital Inflows

The National Stock Exchange index Nifty on Wednesday scaled a new record-high of 7,809.20 points, led by a rally in IT, tech, auto, oil & gas, banking and pharma stocks on sustained foreign capital inflows…

23 Jul 2014

Mercedes launches AMG version of CLA 45 sedan

Mercedes-Benz on Tuesday launched the AMG version of its sedan CLA 45 powered by the four-cylinder series production engine. The CLA 45 AMG priced at Rs.68.50 lakh (ex-showroom Delhi) is the seventh AMG product available in…

22 Jul 2014

SC turns down Subrata Roy's plea for parole

The Supreme Court has on Tuesday turned down Sahara Group chairman Subrata Roy's plea for a release on parole in order to arrange the sale of three overseas hotels for the generation of Rs.10,000 crore…

22 Jul 2014

Energy security driver to India's development: Modi

Prime Minister Narendra Modi on Monday reiterated that energy security, increasingly based on clean and reliable sources, was the critical driver of India's rapid and sustained long-term development. On a visit to the Bhabha Atomic Research…

21 Jul 2014

Egypt Air to fly to New Delhi thrice a week

Egypt's flagship carrier Egypt Air will launch direct flights to New Delhi to meet the increasing tourist influx from India. According to a new agreement, Egypt Air, which currently operates four flights a week between Cairo…

21 Jul 2014

Sensex gains 177 points; oil and gas stocks rally

A benchmark index of Indian equities markets Monday was trading 176.65 points or 0.69 percent up as oil and gas stocks surged. All the sectors were trading in green and the rally was led by oil…

21 Jul 2014

World Bank Group President to Visit India

World Bank group President Jim Yong Kim will be on a three-day visit to India starting Monday to review the bank's supported projects and understand the development priorities of Prime Minister Narendra Modi's government. During the…

20 Jul 2014

Higher Weight of Food items causing High Retail Inflation: Government

Official data has pointed out that a higher weight of food items in the consumer price index has kept the retail inflation high in the country. The high inflation in India owes to "higher weight for the…

20 Jul 2014

Wipro Wins 10-year Deal From Canadian Firm

Indian IT bellwether Wipro Ltd Friday announced winning a 10-year deal from Atco Ltd, a leading Canadian firm, to provide total outsourcing solutions in Canada and Australia. "The deal with Atco will result in $112 million…

19 Jul 2014

Indirect Tax Collections Up 4.6% in April-June

Indirect tax mop up inched up by 4.6 per cent in the April-June quarter of the current fiscal due to decline in custom duty and excise duty collections, reflecting slump in manufacturing activity. Indirect tax collections…

18 Jul 2014

RBI asks Banks not to Charge Usurious Interest Rate on Loans

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans. "It is not proposed to issue any guidelines to the banks to offer loans to borrowers at…

18 Jul 2014

Will Differentiated Banks Work?

Within a week of the budget announcement for specialized banking, the RBI has announced that it will permit payment banks and small banks by private sector with an equity base of Rs 100 crore to…

18 Jul 2014

SpiceJet Temporarily Suspends Flight Services to Kabul

Budget carrier SpiceJet today said it has "temporarily" suspended its flight services to Kabul following the recent terrorist attacks on the airport in Afghanistan's capital city. Chennai-headquartered SpiceJet is the only domestic private airline which operates…

18 Jul 2014