SJVNL IPO unlikely this fiscal: Shinde
New Delhi, Feb. 3: The power minister, Mr Sushil Kumar Shinde, on Wedn-esday said that the government may put off divestment in power generation company Satluj Jal Vidyut Nigam (SJVNL) to the next fiscal.
Russian donates $2.1bn
Hyderabad, Feb. 3: Following the footseps of Bill Gates and Warren Buffett, Russian billionaire Vladimir Potanin plans to donate his entire fortune after his death, the Russian agency RIA Novosti quoted Mr Potanin from an interview with The Financial Times.
IOC’s Orissa refinery to shape up in ’12
Bhubaneswar, Feb. 3: The first phase of the Indian Oil Corporat-ion’s (IOC) Paradip oil refinery project will be completed by March, 2012, says company said chairman, Mr Sarthak Behuria, here on Wednesday.
Brits fret over Cadbury brands
London, Feb. 3: Britain is worried about the future of the Cadbury brands after the British firm’s shareholders voted in favour of American firm Kraft Foods’ £11.9 billion offer for the British confectionary giant.
India Inc turns upbeat on hiring
New Delhi, Feb. 3: India Inc’s hiring activity has increased considerably sin-ce September last year and the current recruitment level is one of the highest globally, says a survey by international recruitment firm Antal.
NTPC issue subscribed 77 per cent
New Delhi, Feb. 3: India’s largest power firm NTPC’s follow-on public offer got subscribed 77 per cent on the first day of issue.
Global cues push up Sensex 333 pts
Mumbai, Feb. 3: The domestic markets were on a roll on Wednesday following a global rally, helping Sensex recover Tuesday’s losses by surging 333 points.
Invest in REC, NHAI bonds to avoid capital gain tax
I purchased a flat in Chennai in July 1997 for Rs 7 lakh. I have sold it in January 2010 for Rs 20 lakh. I want to avail invest in capital gain bonds to get exemption from capital gains tax. So how much money I need to invest and for how many years? What are the institutions in which I can invest?
Bold steps needed to salvage AI
New Delhi, Feb. 3: The civil aviation minister, Mr Praful Patel, on Wednesday called for the need for "extra-ordinary measures" to be taken by Air India to salvage its financial situation.
Google pushes Chrome browser as battle looms
LONDON/PARIS, Jan. 3: Google has taken the unusual step of using real-world advertising to promote its Chrome web browser in Europe ahead of a regulatory change that will make it easier for consumers to switch Web browsers.