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MUMBAI: Moody’s Investors Services on Thursday said it was reviewing ratings for ICICI Bank, Axis Bank and HDFC Bank for a possible downgrade, following a change in its rating methodology. The agency, clarified however, that the debt and deposit ratings for these private sector lenders remained unaffected. In another...
By S. Sethuraman The AIADMK supremo, Ms. Jayalalithaa, building on the massive mandate she secured in the May 2011 elections, has put Tamil Nadu back on its growth trajectory to reclaim its place in the top league of states, with a slew of fiscal balancing measures, fulfilling her poll...
By Praful Bidwai Such is the strength of chauvinist hyper-nationalism in India and Pakistan that the launch of the Agni-V, officially called an Intercontinental Ballistic Missile (ICBM), followed by the Hatf-IV-Shaheen-1 A launch in Pakistan, was greeted with machismo, raucous celebration and sabre-rattling. Most Indian political parties lavished praise...
By B.K. Chum in Chandigarh The expected has happened. The optimism expressed in this column six weeks ago that Pakistan may shelve the Kashmir issue “temporarily” has been turned into a reality. The Pakistani establishment has now officially admitted having put the Kashmir issue on the backburner. Their focus...
From K. Raveendran in Dublin The buzzword in the IT world, if there was one, in the eighties was the hardware, with the likes of IBM dominating the scene entirely. In the next decade, the focus shifted to software as Microsoft relegated everything else to insignificance. Then came the...
From P. Sreekumaran THIRUVANANTHAPURAM: A concerted move by the Indian Union Muslim League’s (IUML), riding high after securing a fifth ministerial berth in the Kerala Cabinet, to strengthen its hold on the Calicut University has suffered a major setback. The setback is being construed as an offshoot of...
NEW DELHI: Top Indian honchos today — Mr Lakshmi Niwas Mittal, Mr Mukesh D. Ambani, and Mr Anil Agarwal — are all vying for the biggest slice of India’s energy pie. So, when steel magnate, Mr Mittal, dived into oil refining, all eyes turned to the refinery project in...
NEW DELHI: On March 29 this year, HPCL-Mittal Energy Ltd (HMEL) fully operationalised its nine million tonnes a year or 180,000 barrels a day Guru Gobind Singh Refinery at Phullokari, Bhatinda, Punjab. With this,India’s refinery capacity reached close to 212 million tonnes or 4.24 million barrels a day. Mr...
BATHINDA: Prime Minister Manmohan Singh will tomorrow inaugurate the Rs 21,500 crore joint venture refinery of the Hindustan Petroleum Corp Ltd and Lakshmi Narayan Mittal near here amidst hope of further cementing trade ties between India and Pakistan. The petroleum products of the refinery are expected to be exported...
NEW DELHI: The government has accepted the proposal seeking hike in prices of gas supplied by Oman to an Indian fertiliser plant in the Gulf nation to $ 1.5 per mmBtu for this year, a move that will ensure uninterrupted supply of urea to the Indian market. The government’s...