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KOLKATA: Under pressure to step up production, Coal India Ltd (CIL) has sweetened its offers for land acquisition. The new rehabilitation and resettlement (RnR) policy was recently approved by the CIL board. According Mr R. Mohan Das, Director (personnel and IR), in addition to price of land, the Indian...
MUMBAI: In its bid to deepen the equity and debt markets by attracting overseas funds, the Reserve Bank on Monday allowed foreign venture capital investors to invest in securities through private arrangements or purchase from a third party. “It has now been decided to allow foreign venture capital investors...
NEW DELHI: The government, which has extended help to the crisis-ridden power sector by removing duty on imported fuel and opening access to cheap overseas funds, is likely to whittle down the benefit with an impost on imported equipment for mega power projects. A duty of 20.94% will be...
MUMBAI: The optimum utilisation of the enhanced Rs 60,000-crore limit for issuing tax-free infrastructure bonds by companies seems unlikely. This is despite the government trying hard to boost infra development in the country by doubling the issuance limit for such bonds, which received a euphoric response in 2011-12. Firms...
MUMBAI: The government has opened the doors for qualified foreign investors (QFIs) to the developing corporate bond market in India. However, the country would need more than just higher yields to attract fund inflows from this segment. On Friday, Finance Minister Pranab Mukherjee had made the announcement when he...
MUMBAI: The unbridled freedom and powers given to tax authorities in this year’s Budget could spark a furious face-off in the coming months between companies determined to protect their profits in a slowing economy and an equally resolute tax department eager to wrest every last bit of revenue, experts...
NEW DELHI: A little-known Kolkata-based businessman is close to buying a majority stake in Rajasthan Royals for around $200 million, making it the first time an IPL team could change hands in the format’s brief yet eventful fiveyear history. Mannoj Kumar Jain, who heads the obscure Jain Group of...
MUMBAI: Rating agency Moody’s on Monday downgraded the rating for Union Bank of India (UBI) by a notch, owing to weak asset quality and inadequate loss-absorption capacity. The move comes a day before its shareholders meet to approve a proposal on issuing fresh shares to the government and Life...
Mumbai: The BSE benchmark Sensex today fell 193 points to 17,273.37, on sustained selling by funds against the backdrop of uninspiring budgetary proposals last weekend and a weak global market. Realty, power and capital goods sectors continued to slide as the stock market remained bearish for the third session in...
Stockholm, March 19: India is the world’s largest recipient of arms while South Korea is second and Pakistan and China are third in the list, reveals data on international arms transfers published by the Stockholm International Peace Research Institute (SIPRI). The volume of worldwide arms transfers in 2007-11 was...
Islamabad, March 19: The significant hike in India’s defence budget gives a “wrong message to its neighbours and perpetuates tensions in South Asia”, a leading Pakistani daily said Monday. An editorial in the Dawn said that India’s neighbours “must be alarmed” by yet another, sizeable rise in its defence...
New Delhi, Mar 19 (ANI): Commenting on the intense political drama over Railway Minister Dinesh Trivedi’s decision to hike passenger fares in the railway budget, and his decision to resign on Sunday after a four-day stand-off with the Trinamool Congress leadership, Communist Party of India (CPI) leader D Raja...
Indian shares fell for a third straight session to their lowest close in more than a week as continued concerns over the country’s fiscal stance hit sectors such as banking that are particularly sensitive to growth, while earnings worries hit technology stocks. The main 30-share BSE index provisionally fell...
NEW DELHI: In what can possibly upset business models of TV networks and negatively impact genres like news, movies and sports, the Telecom Regulatory Authority of India (Trai) is reviewing the advertisement duration policy for television channels. The sector regulator has sought the views of stakeholders on prescribing an...
Statistical highlights of the Asia Cup match between India and Pakistan played in Mirpur on Sunday. # For the first time against India and the sixth time overall, the Pakistani openers have posted centuries in the same innings. The said achievement has been accomplished three times against Sri Lanka...
The Planning Commission said on Monday poverty in India declined 7.3 percentage points to 29.8 per cent of the population over five years to 2009-10. Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released...
From Pradeep Kapoor LUCKNOW: BJP will soon organize its ‘chintan baithak’ for introspection to find out the factors responsible for debacle in the assembly polls of Uttar Pradesh A senior BJP leader told this correspondent that all the top leaders would sit and discuss as to why saffron party...
By B.K. Chum in Chandigarh Last week’s two happenings in Haryana hit the media headlines. One was the Jats agitation for job reservations in government services. The other was the abduction and gang-rape of a 23-years old pub employee of Gurgaon’s Sahara Mall who was on her way home...