Power sector companies may get out of the red
April 3: Power sector companies, which have been in the dog house for the past several months, could finally see some positive sentiment. This will be largely due to an improvement in the financial h
FDI regulations eased for MNCs
March 31: The government on Thursday eased the foreign investment rules in order to increase the FDI inflows into the country. Now foreign companies will not need the government’s approval to set up
Yahoo may hunt for ideas in India
March 31: Yahoo India is considering whether to accept the product or business proposals from the people in India in order to expand its pool of ideas, said a key official from the online major.
“We
Ruias hang up on Vodafone, get $5b
March 31: British telecom major Vodafone announced on Thursday that it is buying out partner Essar’s 33 per cent stake in their telecom venture for $5 billion. Vodafone Essar is the second largest mob
ONGC block in Cairn deal
March 30: In a major blow to Cairn Energy, the government’s law officers have held that Edinburgh-based firm needs state-owned ONGC’s consent to sell its majority stake in Cairn India to Vedanta Resou
US firm to takeover AP Paper Mills
March 29: US-based paper and packaging major International Paper has agreed to acquire a 53.5 per cent stake in Hyderabad-based Andhra Pradesh Paper Mills (AP Paper) from its Kolkata-based promoters
Sensex up, continues to impress
March 28: The Sensex briefly crossed the 19,000 mark on FII buying to close at 18,943.4 up 127.50 points while the Nifty closed at 5687.25 up 33 points. The FIIs are reported to have pumped in around
Oil well auction fails to attract India Inc
March 28: The ninth round of New Exploration and Licencing Policy (NELP), meant to attract commercial interest in oil and gas exploration, has received a lukewarm response from oil companies. The 33 b
Sibal lobbies for loans to telcos with PM, Pranab
March 28: The telecom minister, Mr Kapil Sibal, met up with the Prime Minister and the finance minister on Monday in an attempt to free up finance for telecom firms. Banks have been reluctant to lend
Pressure on the hosts, says Amla
March 10: South African opener Hashim Amla said the pressure would firmly be on India, when the two teams meet in the marquee clash to be held at the VCA stadium, here on Saturday.
“I think the pres