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Business Standard / New Delhi January 19, 2010, 0:34 IST
PricewaterhouseCoopers’ (PwC’s) head of tax practice Dinesh Kanbar, and close to a dozen other senior tax executives, are leaving the firm to join rival KPMG.
Amidst reports that he may join NCP, Amar Singh, who has resigned from all SP posts, today came out in defence of Agriculture Minister Sharad Pawar, saying the issue of price rise was the collective responsibility of the Cabinet including Prime Minister Manmohan Singh.
Jeera future prices are likely to firm up in January as there is a possibility for renewed export demand in the market. The demand from overseas market is expected from first week of January 2010 and this may support the price to strengthen.
India’s Vavasi Group and Malaysia’s Al Bukhary Group have together appointed a merchant banker for conducting due diligence and fixing a valuation of Kuwait’s Zain Telecom. The two, along with BSNL and MTNL, the state-run telecom majors, have shown interest in jointly buying a 46 per cent stake in Zain.
Public sector telecom operator Bharat Sanchar Nigam Limited (BSNL) targets to cover the complete geography of Uttar Pradesh (East) circle with mobile services by the end of this fiscal.At present, BSNL has around 3,800 Base Transceiver Station (BTS) or cell sites in the circle and the company plans to ramp them up by 1,700 by March 2010.
A consortium comprising BSNL and MTNL looks to acquire 50 per cent stake.
Thousands of potato farmers in the potato belt of Uttar Pradesh have been forced to give up their traditional crop, owing to enormous fertiliser and Di-Ammonium Phosphate (DAP) shortage, expensive seeds and irrigation problems this season. The potato prices had risen to giddy heights of Rs 1,800 per quintal during the sowing season, forcing the small and marginal peasants to search for alternative crops, being unable to afford such pricey seeds.
Wind turbine manufacturer Suzlon Energy today said it has bagged an order from Turkey-based Ayen Enerji to supply and install 27 units of turbines to generate 57 mega watt (Mw) of energy, in a filing to the Bombay Stock Exchange (BSE).
Reserve Bank of India Governor D Subbarao told students at the Indian School of Business on Friday that there was a manner of expression that could be called “Central Bankese” — which essentially meant “to speak in a language that people don’t understand”.
With an aim provide innovative products, services and solutions to the rural poor, Villgro, a social enterprise incubator is set to launch "Wantrapreneur 09" Business Plan Competition, which challenges entrepreneurs to come out with innovative technology, solutions (products / services) with direct application at the rural level.
Cases of attacks on Indians in Australia have increased more than five fold this year compared to last year, the Rajya Sabha was informed today.
When the Union Budget was presented earlier in the year, the Ministry of Home Affairs (MHA) outlay was raised 33 per cent over the previous Budget, up from Rs 25,500 crore to Rs 38,000 crore.
The Joint Action Committee(JAC), spearheading the Telangana agitation, received a boost today with Telugu Desam leaders from that region agreeing to join it, even as Congress ministers demanded a ‘time-frame’ for the formation of a separate state.
Natco Pharma touched a high of Rs 134 and a low of Rs 124. The stock finally ended with a 5.2% at Rs 129. Around 2.96 lakh shares were traded on the BSE as against the two-week average trade of 1.06 lakh shares.
Nitin Gadkari today became president of the main opposition Bharatiya Janata Party (BJP), replacing Rajnath Singh. He is the first Maharashtrian to reach the party’s top post.
The country’s largest private sector lender ICICI Bank has hived off its point-of-sale terminals business into a $80 million (about Rs 368 crore) joint venture with US-based payments Solutions provider First Data Corp (FDC).
The 700-member Bombay Stock Exchange (BSE) Brokers Forum may approach the Prime Minister’s Office (PMO), the ministry of finance, the Securities and Exchange Board of India (Sebi), investor associations and other trade associations against the move to extend trading hours.
Shares of power producer JSW Energy will be listed on the bourse on January 4, the Bombay Stock Exchange (BSE) said today.
The government today said it will soon remove the ambiguity concerning change in the national status of leading lenders like ICICI Bank and HDFC Bank following the revised FDI guidelines issued in February 2009.
The date for rolling out the Goods and Services Tax could be announced on January 8, the Chairman of the Empowered Committee on State Finance Ministers, Asim Dasgupta, said today.
The life insurance industry recorded 12.85 per cent growth in new business premium during the first half of the financial year even though private players saw a drop in sales of new policies.
ICICI Securities, Citigroup and Morgan Stanley along with 14 other merchant bankers have submitted bids to manage the estimated Rs 14,000-crore disinvestment of the state-run iron ore producer NMDC.
Around 35 per cent voting was recorded till 1300 hrs today in the first phase of elections to 26 Assembly seats in Jharkhand.
M J Antony / New Delhi December 23, 2009, 0:47 IST
The next date for arbitration hearings on the terms of sale of the government’s residual 49 per cent stake in Bharat Aluminium Company (Balco) to Sterlite Industries is January 31. A three-day hearing by a panel of three retired judges of the Supreme Court concluded today.
Australia’s Deputy Prime Minister Julia Gillard has said the country is committed to the education revolution involving international students.
Australia will ask New Delhi to crack down on the unscrupulous education agents in India who give misleading information to students willing to pursue studies in the private institutes Down Under.
Australian authorities today "unreservedly" condemned the killing of an Indian youth here calling his stabbing a heinous crime even as police claimed there was no evidence to suggest that it was a racial attack.
External Affairs Minister S M Krishna today ticked off his junior minister Shashi Tharoor for publicly questioning new visa guidelines, saying if he had any "perceptions", those should be discussed within the "four walls" of the government.
External Affairs Minister S M Krishna arrived here today to attend the meeting of the seven-nation BIMSTEC that will focus on jointly combating terrorism and promoting free trade. "We have already identified 14 areas of cooperation which include health, energy, technology, human resource development, trade, tourism and culture," Krishna told reporters accompanying him to Myanmar.
Seeking to strengthen bilateral cooperation in the petroleum space, India has called for partnership with companies in the African hydrocarbon sector.
Continuing the post-Diwali trend, markets extended losses for the second straight week. In fact, bears had the upper hand throughout the week, with the Nifty declining 5.7 per cent (285 points) to 4,712. In the last two weeks, the index has shed 8.4 per cent.
As with all the bad news from Iraq and Af-Pak, sooner or later the bad news on the climate acquires a stultifying sameness. Only when a surge is in sight — troop surge, storm surge — does one’s news radar jolt awake momentarily. The cause of this deadened state is not an unassimilable surfeit of information, rather, it is a shortage of the right sort of information. Despite the barrage of news and opinion, we don’t know enough to figure out what the right questions are. Without that foundation, our knowledge rests on a bog, into which it is liable to settle with a gentle burp or two of greenhouse gas (or, hot air).
- BofA likely to pay bonuses close to 2007 level - Future Group pulls the plug on "Bijli Ghar" - PowerMin wants gas at $2.34 for NTPC - Another RIL cash raising on anvil - RIL to drill six new wells in KG-D6 block this year - Reliance Industries: Filling its coffers
Rrishi Raote / New Delhi October 10, 2009, 0:59 IST
A year or two ago Gore Vidal was expected at the Jaipur Literature Festival, and was scheduled to make one appearance in Delhi. I was all ready to arrive early and stick my hand out to have it shaken by the master. There must have been many others with similar aspirations. But in the event Gore cancelled his trip to India.
Oil rose further in Asian trade today, underpinned by a better-than-expected expansion in the US manufacturing sector, analysts said.
Oil was slightly higher in Asian trade today but, investors remained cautious over the outlook for energy demand, as worries remain over the strength of the US economic recovery, analysts said.
Despite the economic recovery, the government"s direct tax collections increased by a marginal 3.7 per cent to Rs 1.83 lakh in the first eight months of this fiscal compared to the same period a year ago.
Gold futures prices declined by 0.11 per cent on the Multi Commodity Exchange today as speculators indulged in reducing their positions in tandem with weak overseas trend.
Gold futures today rose by 0.29% on sustained buying by traders and speculators on the back of a firming global trend.
The unemployment rate in the UK shot up to a 13-year high of 7.8 per cent for April-June 2009, as companies continued to slash jobs to bring down cost.
Kolkata-based Pawan Kumar Ruia Group, which owns Dunlop India, today said that it had acquired a 60 per cent stake in Germany"s Henniges Automotive Grefrath GmbH, a supplier of automotive sealing systems to leading carmakers, for an undisclosed sum.
VW/Suzuki: Volkswagen’s $2.5bn investment in Japanese rival Suzuki is a small step in its ambition to be the world’s biggest car maker. But it is a smart move for both sides. And the strategic benefits for the German autos group are particularly attractive.
SRF Ltd, a leading manufacturer of technical textile products, is planning to add to its product portfolio by entering the lamination fabric industry. The company, which primarily relies on manufacture of nylon tyre cord, wishes to reduce its dependence on this.
The Prime Minister"s Economic Advisory Council Chairman C Rangarajan today suggested that the Reserve Bank of India (RBI) could reduce money supply and raise interest rates to tame the rising prices of food articles.
Measures like de-hoarding and selective import of certain items could help tame the soaring food inflation, said Kaushik Basu, chief economic adviser in the finance ministry.
India faced the curse of drought and floods in 2009 that saw consumers paying towering prices for vegetables, pulses, sugar and foodgrains, and the shortage of supplies punctured the euphoria over the return of the Congress-led government in May.
Punjab-based ABC Paper has put on hold its plan to set up a new agro-based facility with an investment of Rs 1,000 crore in view of sluggish demand and said it would rather stabilise existing operations.
Railway Minister and Trinamool Congress chief Mamata Banerjee today hit her predecessor Lalu Prasad where it hurt him most—on the supposed turnaround of Indian Railways during Prasad’s regime.
The union government may soon decide on keeping half of the electricity it is entitled to from public sector power generating units for sale to states.
Rourkela Steel Plant (RSP) has concluded the calender year 2009 on a high note by notching up the highest saleable steel production of 2.02 million tonnes (MT) for any calender year.
The BSE metal index tops the sectoral gainers list with an appreciation of 233 per cent.
With the prevailing acute power shortfall in Orissa set to continue till July 2010, the power distribution companies have suggested for load regulation in various feeders.
CMD Shanghvi’s hard-hitting letter contrasts financial returns of the two firms.
As the Obama Administration moves ahead with its new policy of engaging the Burmese military junta, a top US official today said it will actively consult India along with China on its new strategy.
Swine flu deaths continued unabated with a 44-year-old woman and a 28-year-old man succumbing to the virus in Delhi and Bangalore, pushing the pandemic toll to 76 as 137 more contracted the infection across the country.
Hyderabad-based Aurobindo Pharma Limited received approval from Swissmedic, an agency of Switzerland government for therapeutic products, for the licence of Cefepime APL for injection 1g and 2g.
Pharma majors Ranbaxy and Aurobindo Pharma today said that they have received final approval from the US Food and Drug Administration(USFDA) to manufacture and market Sumatripan Succinate.
The government today said it will allow the retail sale of "oseltamivir", the only medicine available to treat the swine flu virus "H1N1".
Indian stocks trading on the American bourses $5.33 billion to their cumulative market capitalisation, with the IT bellwether Infosys Technologies and private sector lender ICICI Bank accounting nearly half of the gain.
JMM chief Shibu Soren was today sworn in as chief minister of Jharkhand for the third time at a ceremony which was skipped by top leaders of coalition partner BJP, and will take a floor test in the Assembly on January 7.
British Prime Minister Gordon Brown has promised to talk to Tata Group Chairman Ratan Tata, as a final effort to stop the Corus steel plants in Teesside from being shut at the month-end, thus saving 1,700 jobs.
Honda Motorcycle and Scooter India Limited (HMSI), the market leader in the scooter segment in the country, expects a 17 per cent growth in its turnover in the current fiscal. The company clocked a turnover of Rs 500 crore in 2008-09.
What happens when the apex patents organisation brings an economist, sorry, a chief economist, on board? You get a report that links the impact of the economic crisis to patent filings and seeks to explain a complex pattern through a fixed prism. You also get a report with a snappier title even if its conclusions are not entirely convincing.
The Nordic region (Norway, Denmark, Iceland, Finland and Sweden), which is now opening up to offshoring as a viable option to sustain its long-established competitiveness, offers an untapped $10 billion outsourced services opportunity for Indian IT companies, said a Nasscom-PricewaterhouseCoopers report.
The finance ministry is keen on selling stakes in Oil and Natural Gas Corporation and Indian Oil Corporation but follow-on public offers in the two bluechip PSUs are unlikely as unresolved issues are affecting their valuations.
PSL zoomed 11.5% to settle at Rs 142. The counter finally witnessed a four-fold increase in its traded volume of 767,408 shares as against its two-week average traded quantity of 198,622 shares.
The government and various PSUs may be on an austerity drive, but this didn’t stop ONGC from sending a calendar to a director in the oil ministry by registered post — the stamps on the calendar were worth Rs 122. It would have been cheaper for ONGC’s office in the capital to send it with a driver.
The Sensex finally ended (provisional) at 15,540, up 520 points.
Punjab Chief Minister Parkash Singh Badal today urged Union Power Minister SushilKumar Shinde to advise the Nuclear Corporation of India to bear with the state government for the delay in the site selection process for a nuclear power project.
ArcelorMittal, the world’s largest steel maker, will benefit from a windfall of £1 billion (Rs 7,000 crore), thanks to the carbon credits issued to it under the European Trading Scheme. The Sunday Times today reported that ArcelorMittal will be the single largest beneficiary under the ETS due to its dominant presence in Europe.
British state-controlled bank Lloyds Banking Group (LBG) said today it will axe nearly 400 jobs at a call centre in the south of England.
Steel magnate Lakshmi Mittal has pulled out of a project to develop an oil field in Kazakhstan in partnership with Oil and Natural Gas Corp (ONGC) and is looking for buyers for its stake in another company in the Central Asian nation.
With sugar mills facing cane shortage, prices of sugar are likely to firm up further in the retail market.
A day after receiving a rap from the Union Cabinet, Oil Minister Murli Deora today called a meeting of fuel retailers and sugar millers to ensure compliance with a programme to sell ethanol-doped petrol.
The food and commerce ministries are at loggerheads over exempting sugar mills from export- obligation and the Cabinet will now decide whether or not the obligation can be waived beyond December 31, official sources said.
Delhi-based Bhushan Steel is yet to get land for its six million tonne steel and power project near Asansol, but has almost completed purchasing land for its cold rolling (CR) project at Sankrail in Howrah.
Leading steel companies like SAIL JSW, Essar and Bhushan Steel may hike prices next month to cash in on the demand surge in domestic markets.
Mahindra Satyam, the new brand identity of Satyam Computer Services, a leading global consulting and IT services provider, has selected Malaysia to kick off international expansion - enlarged its global solution center operations in 15 acre campus in Cyberjaya, the company said in a BSE filing.
The condition of Gujarat Chief Minister Narendra Modi, who is suffering from swine flu, has improved overnight, doctors attending on him said today.
Facing allegations of irregularities in spectrum allotment, Telecom Minister A Raja today hit out at the BJP saying free distribution of radio frequency among operators during the NDA regime may have cost the country over Rs 1.6 lakh crore.
Amid allegations of black money being stashed in Swiss banks, India and Switzerland have advanced their talks on amending the taxation treaty by a month to the second week of November.
Infocrossing, a company acquired by IT firm Wipro, has entered into a multi-year agreement to provide infrastructure services to Cliffs Natural Resources Inc, an international mining and natural resources company.
After 20 years in the making, the Kaveri jet engine will finally take to the skies.
Mahanadi Coalfields Limited’s (MCL) plan to kick off the 10 million tonne per annum Kaniha open cast coal mining project at Talcher Coalfields has suffered further delay. The villagers to be displaced by the project are reluctant to cede their land for the project unless their demand for 41 jobs under the ‘C’ category is fulfilled by the company.
Chairman of the Atomic energy Commission (AEC) Anil Kakodkar has ruled out Foreign Direct Investment (FDI) in nuclear power plants, but said there were no restrictions for the private sector to manufacture nuclear equipment and construction.
The Nuclear Power Corporation of India today said it has tied up funds for its Rs 33,000 crore nuclear power project in Maharashtra to be set up under the Indo-French civil nuclear cooperation.
Strengthen the immune system with the right foods when down with dengue or swine flu.
Caught in a political storm over separate Telangana, Chief Minister K Rosaiah today said the onus of finding a solution to the ongoing crisis in Andhra Pradesh lay with the government of India.
It was another lacklustre day of trade. The markets oscillated between either side of the dotted line before ending virtually unchanged. The Sensex closed at 16,894,lower by 18 points and the Nifty ended flat at 5041. Realty and energy stocks were in the doldrums, while consumer durables and pharma stocks looked up.
With no clarity on availability of third-generation (3G) mobile spectrum, the government is considering, among others, restricting the number of private players to just two to avoid a situation where it would need to pay damages to operators.
The government today said India is more prepared to deal with a Satyam-like fraud that hit the corporate world with the disclosure of about Rs 10,000 crore fudging of accounts by the founder of the IT firm B Ramalinga Raju a year ago.
The government on Thursday set a schedule to examine the problems ailing the insurance sector in the field of accident insurance. This comes close on the heels of the Supreme Court suggesting the government to create a special fund for compensating accident victims by charging a cess on sale of petrol or a one-time premium on sale of new motor vehicles.
Luxury car maker Honda Siel Cars India today launched a new version of its sports utility vehicle, Honda CR-V, priced between Rs 21.9 lakh and Rs 24.12 lakh (ex-showroom, Delhi).
New car sales in the United States plunged more than 20 per cent in 2009 to a 27-year low of 10.43 million units, less than the 12.23 million units sold in China during January-November, making the Asian country the world"s largest car market for the first time, data released by a US research firm showed today.
2,500 schools in first phase, another 2,500 to be added
Refusing to be drawn into the debate over when should stimulus packages be withdrawn, the Planning Commission today said India will not stand out in the world as an overspender despite the rise in the fiscal deficit because of the sops.
Usha Martin Education and Solutions has forayed into providing standardized end to end solutions and school management services to enable the creation of a national network of high quality english medium K-12 schools with a focus on non-metro towns and cities of India.
Shobhana Subramanian / Mumbai December 4, 2009, 0:53 IST
Shobhana Subramanian / Mumbai December 4, 2009, 0:53 IST
Atul Sobti took over as the chief executive officer and managing director at Ranbaxy Laboratories, six months ago. He wants to make Ranbaxy (now owned by Japan’s Daiichi Sankyo) the largest drugseller in India, a market that is price-controlled, but growing. This focus on the domestic market is not due to the problems that the company has been facing in the US, he tells Vandana Gombar and Joe C Mathew in an interview where he also makes a case for direct subsidy for medicines instead of price controls. Excerpts:
The Nifty witnessed selling at higher levels and closed in a Doji pattern, indicating indecisiveness among participants. The Sensex moved above the important trendline level of 17,290 but could not sustain it and closed at 17,170. The market is expected to be listless with mid-cap counters expected to outperform large-cap stocks. The support for the Nifty is expected at 5,080.
Union ministries have together sought a whopping 82 per cent increase in gross budgetary support (GBS) for Plan outlay in fiscal 2010-11 over budget estimates for 2009-10.
To double annual production capacity at Manesar plant
Vallee de Vin, maker of the premium Zampa brand of wines, is looking at investing upto Rs 35 crore on expansion as well as verticalisation by offering a range of services centred around the core business of wine manufacturing. Ravi Jain, chief executive officer of the Sanjegaon, Nashik-based vineyard, said that the company has a horizon of upto three years to raise the amount.
The government is to shortly consider the recommendation to sell three units of Burn Standard Company Ltd, an ailing public sector undertaking.
A parliamentary panel has rapped the steel ministry for under-utilisation of funds by Public Sector Undertakings (PSUs) like SAIL and RINL, and said the Budgetary Estimates (BE) may be “inflated”.
Sreelatha Menon / New Delhi November 1, 2009, 1:04 IST
A survey of 40 firms suggests that there’s money to be made fighting climate change
The country"s coffee exports plummeted by 22 per cent to 2.41 million bags in the first 11 months of the 2008-09 crop year as Indian prices were ruling higher than competing countries like Vietnam and Columbia.
The world"s largest steel maker ArcelorMittal may cut 10,000 jobs globally next year and plans to reduce costs in order to regain its lost market share particularly in Europe, a media report says.
Improved economic conditions globally helped the Tata-owned, British-based, brands Jaguar and Land Rover (JLR) post 30 per cent growth in November, selling 18,825 units compared with the same month last year.
Seeking immediate release of Rs 137 crore under NREGA for the state, Orissa government today asked the Centre to include all disadvantaged groups like HIV positive people in the proposed census for BPL, official sources said.
The power situation is expected to see a dramatic change once the Kudagi thermal power plant goes operational. The foundation stone for the thermal plant near Basavana Bagewadi in Bijapur district will be laid in January next. The National Thermal Power Corporation has approved the proposal for setting up the coal-based 4,000 Mw plant at its meeting held in New Delhi on November 27.
After hiking prices for the last two consecutive months, state-run Steel Authority of India (SAIL) has said it may not increase prices further in view of a downward trend in the international market, especially China.
JSW Bengal Steel, the 10-million tonne steel project from the JSW Steel stable, is one of the few mega greenfield projects in the country — which would add 67 million tonnes in two years — to be sitting on 4,800 unencumbered acres.
The two firms have been collaborating for several years.
The government has warned steel makers JSW Steel, Bhushan Power & Steel and Jai Balaji of action if they do not "take steps" to develop the captive mine jointly alloted to them in Jharkhand.
The government is likely to raise around Rs 32,000 crore from disinvestment in NMDC and Steel Authority of India Ltd (SAIL).
Disinvestment is a buzzword now. Economic Survey 2009 indicates that the central government would mobilise Rs 25,000 crore from disinvestment of its holdings in state-owned enterprises (or public sector enterprises). The target is abysmally low (at Rs 1,120 crore) in the budget 2009-10 presented by the Finance Minister. We may assume that the target is Rs 25,000 crore for the year 2009-10. The government is committed to disinvestment, although some of its coalition partners and trade unions are against it. There-fore, although there is no debate on the issue within the lead coalition partner, there are some questions that remain unanswered.
Apart from the cityscapes, the Commonwealth Games provide the opportunity to improve the mindscapes of the people of Delhi. The Delhi Government has embarked on a civility campaign, Come on Delhi, to make the city a good host for the upcoming event.
Secretary of State Hillary Clinton has set the pace for the Indo-US relationship during her recent visit to India and both the countries have to work hard to deepen the cooperation and build on it, the State Department has said.
Auto components maker Mann and Hummel Filter, a subsidiary of German Mann and Hummel Group, today said it will invest Rs 100 crore in its Indian operations in the next 3-5 years.
Finance Minister Pranab Mukherjee today announced the launch of the National Skill Development Corporation (NSDC) that aims at training about 500 million people by 2022 to meet the growing demand for skilled workforce in the country.
Auto component maker Federal-Mogul Goetze (India) today said its net profit jumped two-folds to Rs 16.88 crore for the quarter ended June 30, 2009, over the same period last year.
VA Tech Wabag Ltd to build the Rs 1,033-crore project
Aksh Optifibre’s Internet Protocol Television (IPTV) service iControl, with a subscriber base of over 30,000, has plans to increase its IPTV subscriber base and reach the 100,000 mark by September 2010.
Jeera future prices are likely to firm up in January as there is a possibility for renewed export demand in the market. The demand from overseas market is expected from first week of January 2010 and this may support the price to strengthen.
Minister for Environment and Forests Jairam Ramesh’s ambitious plan to redesign the institutions of environmental governance has come up against serious resistance from environmental experts who say the concept does not address fundamental problems. Most have given it the thumbs down.
India has cautioned against immediate withdrawal of stimulus packages by the governments as it may lead to "collapse" of the world economy.
State-run BHEL today said it has bagged another Rs 640-crore order from Adhunik Power and Natural Resources for supplying equipment for the company"s thermal power project in Jharkhand.
The government today said inflation was driven by a surge in commodity prices and the monetary policy had only a limited role in managing the price rise.
NEWSALERT: Prime Minister Manmohan Singh assures AP Congress MPs that nothing will be done in haste on the creation of a separate state of Telangana, says senior AP Congress leader K S Rao.
As political parties eagerly await for Lok Sabha election results, Congress leader Jyotiraditya Scindia today expressed confidence that the Left, Samajwadi Party and JD(S) would support a Congress-led government at the Centre.
Global auto component maker Delphi today said it will showcase a number of its automotive technologies during next month"s Delhi Auto Expo including SD card-based navigation and generic body control module designs.
Tata Motors, the third biggest player in the passenger car market in the country, is aiming to double its market share in the utility vehicles (UVs) segment in Orissa from eight per cent at present to 16 per cent in the next few months.
The Union Mines Ministry has offered all help to the Karnataka government, including a Central Bureau Investigation (CBI) probe into the reported flouting of mining norms in the state.
Reliance Retail looks at deep-discount stores, Spencer’s at franchisees
Russian government to pay $676.9 million for the deal.
Looking to expand its newly-formed two-wheeler business unit, Mahindra & Mahindra (M&M) is studying the options of launching models of Italjet Moto SpA, a famed Italian scooter and motorcycle manufacturing company, in the fiercely competitive domestic market.