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NEW DELHI: Inflation again presented a difficult situation for the Reserve Bank of India (RBI), ahead of its annual policy for 2012-13, as the rate of price rise for food items approached double digits in March. However, falling manufacturing numbers pulled down overall inflation. The central bank is, however,...
MUMBAI: Piramal Imaging, a 100% subsidiary of Mumbai-based Piramal Healthcare, has acquired the research and development portfolio of molecular imaging from Germany’s Bayer Pharma, asserting its seriousness in intellectual property side of pharma. Piramal did not reveal the size of the deal, but said market potential for such services...
New Delhi: Fresh uncertainty has gripped the telecom sector after the presidential reference to the Supreme Court last week effectively brought under review the legality of mobile licences allotted since 1994. Until the constitutional bench decides the matter, which could take up to two years, there would be uncertainty...
New Delhi: After Multi Service Operators and the cable distribution industry, now the country’s leading broadcasters like Star, Zee, ESPN, Sony, Neo Sports, Discovery and others have taken on the Telecom Regulatory Authority of India (Trai) questioning its authority and mandate to regulate content and television advertising norms. Recently,...
NEW DELHI: The customary annual review of foreign trade policy (FTP), which is slated for next month, is expected to be a non-event this time around. The fiscally-stressed government is unlikely to unveil any fresh sops for exporters and would be content with certain easing of procedures, sources said....
NEW DELHI: Despite the poor response to last fiscal’s ONGC auction, the government is planning to use this route for divesting its stake in three other PSUs — OilIndia, Nalco and SAIL. Speaking to FE, Mohd Haleem Khan, disinvestment secretary said, “the auction process saves time and cost since...
KOLKATA/NEW DELHI: Abiding by the Presidential directive, the board of directors of government-owned Coal India Ltd (CIL) has decided to send draft fuel supply agreements (FSAs) to power companies before April 20, though with a negligible penalty clause if it is unable after three years to meet an 80...
NEW DELHI: The telecom regulator on Monday recommended that government allow all communication services under one licence with an entry fee of 15 crore compared to 1,658 crore at present. But these pan-India mobile permits will not come bundled with spectrum or airwaves, and companies that obtain them must...
-Announced on the 17th April 2012 by Dr. D. Subbarao, Governor, Reserve Bank ofIndia Introduction This Annual Policy for 2012-13 is set in a challenging macroeconomic environment. At the global level, concerns about a crisis have abated somewhat since the Third Quarter Review (TQR) in January 2012. TheUSeconomy continues...
By Narendra Sharma NEW DELHI: A million coalmine workers extract coal even from the depths of coalmines day-after-day to ensure that the country is able to meet its energy needs. Coal happens to be the main source of energy for India’s industrial economy. Like all other working people, coalminers,...
MUMBAI(Reuters) – Indian shares provisionally ended up on Monday after headline inflation eased marginally in March leading to gains in rate- sensitive stocks like banks and automobiles. State Bank of India rose 2.77 percent and Tata Motors ended 4.22 percent higher. The Reserve Bank of India will release its...
MUMBAI: Prize Petroleum Company Ltd (PPCL), the exploration and production (E&P) arm of Hindustan Petroleum Corporation Ltd (HPCL) and which merged with the latter last year, has begun the transfer of assets and is to soon have a business plan in place. Last year, the company was merged with...
NEW DELHI: The Union Cabinet will soon take a call on the vexed issue of whether to go for international arbitration at a London tribunal against Oman, which raised natural gas price from 77 cents to $3 per unit, leading to a sharp rise in the price of fertiliser...
Upstream regulator DGH has asked the Oil Ministry to take a call on allowing RIL and its partner BP plc to invest in pre-development activities in 16 gas discoveries in KG-D6 block, most of which have not yet been proved to be commercially viable at current prices. Reliance Industries...
NEW DELHI: Former chief economist of the IMF Raghuram Rajan has said the political parties need to bury the hatchet for paving the way for deregulating diesel prices to rein in runaway fiscal deficit and boost the confidence of overseas investors who are a necessity for India. “The time...
NEW DELHI: The Fertiliser Ministry’s thrust on ramping up urea capacity is likely to widen the demand-supply gap for natural gas in the domestic market. This is because future capacity addition will be mostly gas-based. The proposed urea investment policy envisages the creation of 10 million tonnes of capacity...
NEW DELHI: Produce more is what ONGC is often told. But, how does the public sector giant increase its output when its finances are being squeezed because of Government policies, subsidies and now increased cess. The public sector oil major is seeking a remunerative crude oil price that will...
After three rounds of price hike, state-owned oil companies today announced a reduction in jet fuel prices by a marginal Rs 170 per kilolitre (kl). The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 169.3 per kl, or 0.25 per cent, to...