Friday, August 14, 2009

NEWS @ 14-08-2009

India may trigger as much as 1.9 trillion rupees ($39 billion) in stock sales, equivalent to five years of equity offerings, with a proposal to limit stakes of controlling shareholders ...

Reserve Bank of India Governor Duvvuri Subbarao said it was “too early” to take action on inflation, signaling the central bank will hold off raising interest rates until price pressures emerge ...

The mutual fund industry's assets under management touched a new peak at the end of July, crossing the Rs 7 lakh crore (Rs 7 trillion) mark for the first time ever ...

Riding over lower manufacturing cost coupled with availability of quality manpower with technical capabilities, the Indian pharmaceutical outsourcing industry is expected to reach $2.3 billion ...

NTPC Ltd, which is fighting a legal case against Reliance Industries Ltd (RIL) over gas supplies, should approach the Supreme Court to protect the purchase contract, Goolam E Vahanvati ...

Reliance Industries has dropped out of the grand alliance with Oil and Natural Gas Corporation and Indian Oil Corporation [ Get Quote ] in jointly bidding for $16-18 billion oilfield in Venezuela ...

It seems to be a season of shocks for the nation’s prime source of power, the NTPC. Its equipment supplier, Russia-based Technoprom Exports, is sticking to its demand that NTPC pay an additional Rs 1,700 crore ...

A 16 per cent growth in sales and 30 per cent expansion in net profits for the latest ended quarter over a year ago clearly suggest that the infrastructure sector has only not received respite from lower input costs ...

Coal India, Divestment Dept in talks
Coal India, after getting the necessary approval from the coal ministry, has begun discussions with the disinvestment department of the finance ministry to divest up to 10% of government stake ...

Paving the way for SAIL to go ahead with re-tendering to set up a blast furnace in Bhilai, the Durg District Court has dismissed a petition of Posco E&C, which had lost a construction order from the Indian firm ...

Customers defaulting on telephone bill payments are likely to find their car or home loan application red-flagged as a result. This may cease to be a far-fetched scenario ...

The Draft Direct Taxes Code may take away the Rs 1.5 lakh deduction for housing loan interest repayment but tax experts feel that other benefits such as widening of income slabs and increase in savings limit ...

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