The ministry in a letter dated May 15 overruled Petroleum and Natural Gas Regulatory Board's de-recognisation of Indraprastha Gas Ltd, saying IGL was government's authorised entity for city gas projects in Delhi, NOIDA, Gurgaon and Faridabad. PNGRB had asked IGL,
The index touched a day's high of 17,293 in noon deals. The Sensex finally ended with a gain of 13 points at 17,243. The market breadth was positive - out of 2,795 stocks traded, 1,710 advanced, 1,009 declined and 76
As Indians become wealthier they are spending more to stage elaborate multi-day events leading up to the ceremony. India's $31bn wedding industry is growing at 25 per cent a year, according to a report in the Indian magazine The Week.
In its annual report for the year 2007-08, the company said it has engaged Hewitt Associates, which has significant experience in dealing with best employers programmes, to work with the management in rolling out a major company-wide initiative. The global
Indian mutual fund assets are forecast to continue their meteoric rise and will more than double over the next five years on the back of strong economic growth, more mature financial markets and a highly competitive distribution system.
India's traditional commodity brokers, the ahratiyas, had often colluded to cheat farmers out of the proper prices for their produce, according to the report by the committee on financial sector reform headed by Raghuram G Rajan, a former chief economist
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
India's Kotak Mahindra Bank, the former local partner of Goldman Sachs (NYSE:GS) , has become one of the first financial groups in the country to take steps towards seeking overseas acquisitions.
Indian firms, including Tata Steel, in the past have formed SPVs to acquire foreign companies to protect local operations and also to avoid legal hindrances. The SPV may be registered in a tax-haven country, like Mauritius or Bahamas, the sources
Banks should know that their conduct would adversely affect the faith of the public in banking institutions, a bench comprising Justices Tarun Chatterjee and Dalveer Bhandari while dismissing Bank of India's appeal against a construction company observed. In the present
Besides, in its efforts to make the employees part of its growth story, RIL disclosed having granted close to three crore stock options to over 14,000 employees, estimated to be worth about one billion dollar at the grant price and
Private sector carrier Jet Airways on Tuesday said it has entered into an agreement with the US-based United Airlines for codeshare and frequent flier programme benefits for their customers.