SC gives three months time for Sahara for concluding deal

Last Updated: Monday, March 23, 2015, 16:27

Expressing "prima facie satisfaction", the Supreme Court today granted three months time to Sahara Group for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.

India opposes new US proposal on food stockholding at the WTO

Last Updated: Sunday, March 22, 2015, 17:02

India and other members of the G-33 grouping have opposed a new US proposal for a permanent solution to the factious issue of food stockholding for food security in developing countries at the second informal meeting at the WTO this year.

PSBs should look at alternatives beyond govt infusion: RBI

Last Updated: Tuesday, March 3, 2015, 13:56

Welcoming the government's move to selectively allocate capital to lenders, Reserve Bank deputy governor R Gandhi on Tuesday said PSBs will have to look at alternatives beyond the Centre's support for raising money going forward.

Commerce Ministry seeks cut in gold import duty

Last Updated: Thursday, February 26, 2015, 12:27

With a decline in gold imports, Commerce Ministry has sought reduction in import duty on gold, a step that could boost exports and manufacturing of gems and jewellery.

Interesting proposals for power sector expected in Budget: Goyal

Last Updated: Monday, February 9, 2015, 16:09

Stating that "some interesting" proposals for infrastructure development can be expected in the Union Budget, Coal and power Minister Piyush Goyal today hoped for an innovative financing model to help revive power sector and investments.

US IT industry opposes Obama's move to tax overseas earning

Last Updated: Tuesday, February 3, 2015, 06:39

IT industry and the Republican leadership has opposed US President Barack Obama's move to tax overseas earnings, saying that this is bad for global competition of US companies.

Fin Ministry rejects DIPP's proposal to put curbs on royalty payment

Last Updated: Thursday, January 29, 2015, 16:20

The Finance Ministry has turned down a DIPP proposal seeking re-introduction of restrictions on royalty payments for preventing excessive outflow of foreign exchange, saying it would send a negative signal to overseas investors.

Infosys worried at WB govt's inaction over proposed centre

Last Updated: Monday, January 5, 2015, 22:19

IT giant Infosys on Monday expressed concern over the fate of its proposed software development centre at Rajarhat area near here as the West Bengal government is yet to send its SEZ proposal to the Centre.

IVRCL allots first tranche of shares to CDR lenders

Last Updated: Friday, December 5, 2014, 16:00

The Corporate Debt Restructuring Empowered Group (CDR EG), at its meeting held on June 28, 2014, approved the CDR proposal submitted by the company.

Katherine Jenkins receives marriage proposal from soldier

Last Updated: Monday, January 27, 2014, 14:17

Katherine Jenkins has received a marriage proposal from a soldier.

Vodafone's Rs 10,141-cr FDI proposal referred to CCEA: FinMin

Last Updated: Monday, January 13, 2014, 17:37

Finance Ministry Monday said the Rs 10,141-crore proposal of Vodafone to buyout minority stake in its Indian arm has been referred to the Prime Minister headed Cabinet Committee on Economic Affairs (CCEA) for approval.

Odisha to give bauxite to Vedanta

Last Updated: Saturday, January 11, 2014, 19:46

An Odisha minister on Saturday said that rejection of the mining proposal on Niyamgiri hills was 'unfortunate' and steps would be taken to alternatively source bauxite for Vedanta's refinery.