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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...
NEW DELHI: The International Monetary Fund is keen to implement quota reforms that will give more voting rights to economic powers like India and China, managing director Christine Lagarde has said. “Change is in the air,” Lagarde said at an event organized by IMF and the Indian Council for...
MUMBAI: The Insurance Regulatory and Development Authority (Irda) will soon decide on whether to allow Life Insurance Corporation of India (LIC) to retain its holding in public sector banks where it has breached the 10% limit. In the current quarter, LIC has invested over Rs 8,000 crore in state-run...
MUMBAI, March 20 (Reuters) – Indian shares posted their first winning session in four with lenders recovering as recent steep losses were overdone, but bigger gains were capped by auto stocks such as Tata Motors, which fell because of worries about lower sales. The National Stock Excahnge Bank index...
New Delhi: Strongly supporting media persons’ demand, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee on Tuesday said her party MPs will soon meet Prime Minister Manmohan Singh to ensure that the demand for implementation of the wage boards is met. Addressing a large number of journalists...
Tirunelveli (Tamil Nadu): Amid tight security, Kudankulam Nuclear Power Plant returned to full strength on Tuesday after the Tamil Nadu government gave the go-ahead to the stalled Indo-Russian project with officials hoping the first unit would be commissioned “as soon as possible”. “We are happy that the government is...
By Nitya Chakraborty The reforms lobby in the UPA-2 Government was in an upbeat mood on Tuesday afternoon after the defeat of the opposition amendments in Rajya Sabha to the President’s address by a comfortable margin. Out of the total of 245 members in Rajya Sabha, the UPA-2 has...
SINGAPORE: Franklin Templeton funds that focus on developing economies are heavily invested in energy stocks as the firm believes oil prices have room to increase further, the head of its emerging markets group Mark Mobius said on Tuesday. “If you look at inflation and the oil price over the...
India is firmly committed to realise the new bilateral trade target of $90 billion by year 2015. The concessional duty tariff extended by the Indian government to the least developed countries in Africa is expected to step up African exports to India. Stating this in his address at the...