India approves Walt Disney’s Rs.1,000 crore investment
August 23rd, 2012 - 9:18 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Indian government Thursday said it has approved US-based Walt Disney's Rs.1,000 crore investment proposal in broadcasting business in India.Based on the recommendations of the ... Read more...
Posted in Business |
Highlights of CAG’s report on coal block allocations
August 17th, 2012 - 7:57 pm ICT by IANS
New Delhi, Aug 17 (IANS) The following are the highlights of The Comptroller and Auditor General of India (CAG) report on coal block allocations which was tabled in parliament Friday:-- ... Read more...
Posted in Business |
Chidambaram hints at modifying tax norms, cut deficit (Roundup)
August 6th, 2012 - 9:33 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said the government will fine-tune policies to meet investor expectations, cut fiscal deficit and revive growth."Our policies have to ... Read more...
Posted in Business |
Chidambaram to fine-tune investment policies, spur growth (Lead)
August 6th, 2012 - 7:34 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday tried to reassure investors that the government will fine-tune policies to meet their expectations and revive growth."Our policies have ... Read more...
Posted in Uncategorized |
Unitech opposes Uninor’s proposed rights issue
July 25th, 2012 - 10:37 pm ICT by IANS
New Delhi, July 25 (IANS) India-based Unitech has opposed its telecom partner Telenor's proposal to raise Rs.1,200 crore through a rights issue for meeting operational expenses.The company has claimed that ... Read more...
Posted in Business |
Government okays 14 FDI proposals worth Rs.1,584 crore
July 24th, 2012 - 8:27 pm ICT by IANS
New Delhi, July 24 (IANS) The government Tuesday announced it has approved 14 proposals of foreign direct investment (FDI) worth Rs.1,584.11 crore. Majority of the money flow will be ... Read more...
Posted in Business |
Government to set up board for project clearance
July 19th, 2012 - 6:42 pm ICT by IANS
New Delhi, July 19 (IANS) The government will soon set up a board to review and give one-time clearance for projects, including security clearance, the Prime Minister's Office said Thursday.The ... Read more...
Posted in Business |
Will file complaint on Aircel-Marxis deal, Swamy tells court
May 26th, 2012 - 6:54 pm ICT by IANS
New Delhi, May 26 (IANS) Janata Party chief Subramanian Swamy Saturday told a special court hearing the 2G spectrum allocation case that he wanted to file an additional private ... Read more...
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Rajya Sabha adjourned, BJP cries foul
May 22nd, 2012 - 7:58 pm ICT by IANS
New Delhi, May 22 (IANS) The Rajya Sabha was Tuesday adjourned sine die without taking up important listed business due to protests by DMK members to a bill. The ... Read more...
Posted in Uncategorized |
Bail not end of 2G, more accused soon, says BJP (Lead)
May 15th, 2012 - 8:16 pm ICT by IANS
New Delhi, May 15 (IANS) With a special CBI court granting bail to former telecom minister A. Raja in the 2G spectrum case,the Bharatiya Janata Party (BJP) Tuesday said ... Read more...
Posted in Politics |
Government says no wrongdoing in clearing Aircel-Maxis deal (Second Lead)
May 14th, 2012 - 10:52 pm ICT by IANS
New Delhi, May 14 (IANS) Dismissing opposition charges that led to an uproar in Parliament yet again, the government Monday denied any wrongdoing in granting clearance to the Rs.4,000 ... Read more...
Posted in Business |
Aircel-Maxis deal: Government denies wrongdoing (Lead)
May 14th, 2012 - 7:31 pm ICT by IANS
New Delhi, May 14 (IANS) Amidst allegations from opposition over Home Minister P. Chidambaram's involvement in the 2006 Aircel-Maxis telecom deal, the government Monday denied any wrongdoing in ... Read more...
Posted in Politics |
No equity in any telecom firm: Chidambaram
May 14th, 2012 - 4:26 pm ICT by IANS
New Delhi, May 14 (IANS) Stating that neither he or his family had any connection with Aircel or any other telecom company, an emotional Home Minister P. Chidambaram Monday ... Read more...
Posted in Business |
Chidambaram’s statement fails to convince BJP
May 10th, 2012 - 9:19 pm ICT by IANS
New Delhi, May 10 (IANS) The Bharatiya Janata Party Thursday refused to accept Home Minister P. Chidambaram's statement contending that he or his family did not get any stake ... Read more...
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Chidambaram invokes Jesus to deny corruption charges (Third Lead)
May 10th, 2012 - 8:33 pm ICT by IANS
New Delhi, May 10 (IANS) Home Minister P. Chidambaram Thursday invoked an oft-quoted line of Jesus Christ to dismiss the Bharatiya Janata Party's (BJP) allegation that he or his ... Read more...
Posted in Uncategorized |
Chidambaram invokes Jesus to deny corruption charges (Second Lead)
May 10th, 2012 - 4:59 pm ICT by IANS
New Delhi, May 10 (IANS) Home Minister P. Chidambaram Thursday invoked an oft-quoted line of Jesus Christ to dismiss the Bharatiya Janata Party's allegation that he or his son ... Read more...
Posted in Politics |
India in-principle agrees to allow investments from Pakistan
May 2nd, 2012 - 8:57 pm ICT by IANS
New Delhi, May 2 (IANS) India has in-principle agreed to allow foreign direct investment (FDI) from Pakistan, a move expected to enhance commercial engagement and boost trade between the two ... Read more...
Posted in Business |
Now opposition guns for Chidambaram, Lok Sabha disrupted
April 27th, 2012 - 3:14 pm ICT by IANS
New Delhi, April 27 (IANS) Opposition Lok Sabha MPs Friday demanded the resignation of Home Minister P. Chidambaram who is alleged to have helped his son get financial benefits ... Read more...
Posted in Politics |
Telenor in talks with domestic firms to continue India service
April 20th, 2012 - 8:51 pm ICT by IANS
Kolkata, April 20 (IANS) Norwegian Telenor Group, which holds 67.25 percent stake in Uninor, Friday said it is in discussion with four to five domestic institutions to find ... Read more...
Posted in Business |
India clears 22 FDI proposals worth $112.5 million
April 20th, 2012 - 4:33 pm ICT by IANS
New Delhi, April 20 (IANS) The Indian government Friday approved 22 foreign direct investment (FDI) proposals amounting to Rs.586.137 crore ($112.5 million).The proposals were cleared following recommendations of the Foreign ... Read more...
Posted in Business |
Telenor moves company law board to protect India investment
February 27th, 2012 - 8:07 pm ICT by IANS
New Delhi, Feb 27 (IANS) Oslo-based Telenor Group has moved the company law board to secure its investments in India following the Supreme Court order to cancel all the 22 ... Read more...
Posted in World |
Telenor to form new company for India operations
February 21st, 2012 - 11:21 pm ICT by IANS
New Delhi, Feb 21 (IANS) Norway-based Telenor Group Tuesday said it intends to form a new company through which it would carry on its mobile business in India and participate ... Read more...
Posted in Business |
India may allow Pakistani investments
February 16th, 2012 - 8:49 pm ICT by IANS
Islamabad, Feb 16 (IANS) In a major step forward towards normalising business ties, the Indian government plans to bring changes in the Foreign Exchange Management Act (FEMA) to allow investments ... Read more...
Posted in World |
India clears 20 FDI proposals worth $373 million
January 10th, 2012 - 7:20 pm ICT by IANS
New Delhi, Jan 10 (IANS) The Indian government Tuesday approved 20 foreign direct investment (FDI) proposals, including those of Sterlite Grid and TV Vision, amounting Rs.1,935.24 crore ($373 million), to ... Read more...
Posted in Business |
Automatic approval to FDI in greenfield pharma projects to continue: RBI
December 12th, 2011 - 6:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but ... Read more...
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Mahindra-Telephonics plan JV for radars, surveillance systems
November 17th, 2011 - 5:20 pm ICT by IANS
New Delhi, Nov 17 (IANS) Indian transport vehicles major Mahindra and Mahindra Thursday announced a joint venture with US aviation communications equipment major Telephonics Corporation to produce radars, surveillance systems, ... Read more...
Posted in Sci-Tech |
Competition check for FDI in pharma will help consumers: CUTS
October 11th, 2011 - 6:26 pm ICT by IANS
New Delhi, Oct 11 (IANS) The government's decision to keep a check on the flow of foreign direct investment (FDI) and mergers and acquisitions in pharmaceutical sector will benefit ... Read more...
Posted in Business |
Foreign investment in pharma to face competition check
October 11th, 2011 - 3:09 pm ICT by IANS
New Delhi, Oct 11 (IANS) India will continue to allow 100 percent foreign direct investment in the pharmaceutical sector but the competition watchdog will keep a check on the ... Read more...
Posted in Business |
Rs.5,434.5 crore FDI in telecom sector
August 24th, 2011 - 10:32 pm ICT by IANS
New Delhi, Aug 24 (IANS) The telecom sector has witnessed an inflow of Rs.5,434.5 crore (Rs.54.3 billion/approx $1.118 bn) in foreign direct investment (FDI) during the current financial year (2011-12), ... Read more...
Posted in Business |
India okays 18 FDI proposals
August 17th, 2011 - 6:41 pm ICT by IANS
New Delhi, Aug 17 (IANS) The government Wednesday said it has approved 18 foreign direct investment (FDI) proposals worth Rs.122.79 crore but deferred 16 proposals, including the sale of stake ... Read more...
Posted in Business |
16 FDI proposals worth over $20 million accepted
June 7th, 2011 - 8:34 pm ICT by IANS
New Delhi, June 7 (IANS) The Indian government has approved 16 foreign direct investment (FDI) proposals worth Rs.923.55 crore ($20.68 million), mostly in road and highway construction, industrial finance and ... Read more...
Posted in Business |
Plea in apex court for CBI probe against Maran, Aircel
June 1st, 2011 - 11:16 pm ICT by IANS
New Delhi, June 1 (IANS) The Centre for Public Interest Litigation (CPIL) Wednesday moved the Supreme Court seeking a probe by the Central Bureau of Investigation (CBI) into the role ... Read more...
Posted in Uncategorized |
Coming up in Bihar, thermal, biomass power plants
April 14th, 2011 - 3:35 pm ICT by IANS
Patna, April 14 (IANS) Electricity-starved Bihar is setting up five thermal power plants of 7,000 MW capacity and others based on gas and biomass, say officials adding the ... Read more...
Posted in Business |
Hero Group arranges funds to acquire Hero Honda stakes
March 8th, 2011 - 5:11 pm ICT by IANS
New Delhi/Mumbai, March 8 (IANS) Indian conglomerate Hero Group Tuesday said it has arranged the required finance to acquire the 26 percent stake of Honda Motor of Japan in their ... Read more...
Posted in Business |
Clarification sought from apex court on Balwa’s plea (Lead)
March 7th, 2011 - 10:18 pm ICT by IANS
New Delhi, March 7 (IANS) The Delhi High Court Monday sought a clarification from the Supreme Court whether it should take up a spectrum scam-related plea filed by Swan Telecom ... Read more...
Posted in Business |