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New Delhi/Mumbai: PTC India Ltd, one of the promoters of the Indian Energy Exchange (IEX), plans to sell part of its stake in the bourse, retaining a minority 5%, in line with regulations. As part of the exit plan, Renuka Ramnath’s Multiples Alternate Asset Management (MAAM) will buy PTC’s 14.5%...
Private firms running cargo facilities at Union government–controlled ports may have to wait until the end of this decade to migrate to an updated tariff regime, if the government accepts suggestions made last week by an expert body. This means these firms will have to contend with the apparent...
Impending US sanctions against vessels engaged in carrying cargo to and from Iran are beginning to pinch India, threatening more than one-tenth of its crude oil imports. India is finding it difficult to charter ships to carry Iranian crude oil because of the US bid to bar any ship...
By Harihar Swarup The biennial elections to the Rajya Sabha on March 30 for 58 seats will have significant impact on ensuring the stability of the UPA-2 Government till the holding of the next Lok Sabha elections in May 2014. Though the voting results in Rajya Sabha has no...
NEW DELHI: BIG CBS Networks, a joint venture of Reliance Broadcast Network and CBS Studios International, today said it has signed a distribution pact with direct-to- home company Dish TV for English general entertainment channel BIG CBS Prime. The move would expand reach of BIG CBS Prime to an...
NEW DELHI: Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here. According...
This season, Bollywood is ready to take on the Indian Premier League googly. After seeing some kind of cricket fatigue, Bollywood lined up a string of big-budget releases, with close to Rs 200-250 crore riding on these. The first to release is Sajid Nadiadwala’s Housefull 2, a sequel to...
Lafarge, the world’s largest building materials company, is saddled with high debt and is going through a global restructuring. Its production has been hit in Europe amidst the euro zone crisis, resulting in layoffs and shutdowns. For its Global Chairman and CEO, Bruno Lafont, these are challenging times in...
At an investment size of Rs 20,995 crore, the country’s largest power producer, NTPC, would invest about 20 per cent less in 2012-13, compared to 2011-12, when it was estimated to spend around Rs 26,400 crore. The investment next year would be for adding new capacity of about 4,000...
Top Chinese officials said on Tuesday that working with India under the BRICS (Brazil, Russia, India, China and South Africa) umbrella would help address long-persisting mistrust between the neighbours, adding that they expected specific bilateral outcomes from President Hu Jintao’s visit to New Delhi next week for the fourth...