Five new players -- Videocon-promoted Datacom, Idea Cellular, realty major Unitech, Swan Telecom and Loop Telecom -- have been given start-up 4.4 MHz GSM spectrum in Tamil Nadu circle, official sources told. Airtel and Vodafone have been allocated additional spectrum
Several multi-billion dollar deals reached quietly with foreigners, including the sale of Jordan's only Red Sea port at Aqaba, have provoked MPs to demand explanations from the government over "hidden" privatization projects. "The problem is the lack of transparency. Such
Whereas the political stalemate and concerns about the security situation have weighed on the economic outlook, the government has intensified efforts successfully to increase the primary surplus as a result of increased revenues, tight expenditure measures and substantial budget reforms.
China Gas Holdings Ltd Managing Director Liu Ming Hui said his company will form joint venture with GAIL to explore projects for selling CNG to automobiles and piped gas to households in Chinese cities and Coal Bed Methane projects in
Top securities (non-repo) traded on WDM segment were, the 7.38 per cent government security maturing in 2015 traded for Rs 270.00 cr at a weighted yield of 8.05 per cent, the 5.87 per cent government security maturing in 2010 traded
The total quantity of shares transacted were 5,046.59 lakhs valued at Rs 12,472.59 cr. Total value of settlement for securities was Rs 3,010.21 cr and for funds Rs 647.09 cr. Shortages for the settlement were 0.21 per cent and percentage
The report prepared by Moody's Economy.Com noted that setting aside unknown political and weather-related elements, slower demand coupled with rising supply response should result in lower prices across much of the commodities. In recent times, the Asian region has witnessed
The Petroleum and Natural Gas Regulatory Board was not satisfied with the 10-year-old government letters and notifications that led to formation of IGL and demanded specific authorisation letter for beginning of city gas distribution work in the national capital, sources
Reliance wants to set up a 80,000 barrels per day (4 million tons a year) coal-to-liquid plant that would need 30 million tons of coal annually. Sources said the company had sought allocation of three coal blocks - Bankhui, Sakhigopal
Government bond prices also firmed up on good buying enquiries. The 8.33 per cent government stock maturing in 2036 rose to Rs 97.60 from Rs 97.10 previously while its yield dropped to 8.56 per cent from 8.60 per cent. The
It was probably a daughter's gesture to put a closure to the disturbing recollection of her father's tragic assassination that Priyanka Vadra met Nalini Sriharan in Vellore jail last month.
A discussion on OBC quota in the Lok Sabha will give opportunity to the leaders to show one-upmanship and identify themselves as champions of the cause.
Bowing to pressures from the Left parties as well as Opposition NDA, the government has agreed to hold the debate on price rise issue in the Lok Sabha.
The government affirmed that it was committed to ensuring safe passage of the Olympic torch and as it contended that worldwide protest over Tibet and Olympic Torch relay are two separate issues.
Major differences within the government, especially between commerce and finance ministries, over steps to rein in increase in steel prices forced the government to postpone a crucial CCP meeting.
The government's recent decision to curb exports of rice and wheat for controlling rising prices of essential commodities in the country has been criticised by the US based IFPRI.
In a significant concession to EOUs and STPI, the finance ministry has permitted such units to subcontract abroad and sell the finished goods directly from there without having to bring them back to India.
In a bid to decongest air traffic and reduce the burden on major airports in the country, the civil aviation ministry is taking a number of steps to improve facilities for the private aircraft sector.
A review of the monetary policy and its impact on the banking industry along with inflation would be top on the agenda in the meeting between FM P Chidambaram and PSB CEOs on May 1.
