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Anand Sharma additionally launched a broadside against the USA, accusing Washington of exchange protectionism and making it challenging for Indian nationals to reap US visas.
Currencies have considered a superb reaction when it comes to intraday reversal for all the main EMs; the Indian Rupee and the Indonesian Rupiah were resilient in February.
The infrastructure participant has additionally appointed merchant bankers for this asset monetisation and the talks of the stake sale are in superior ranges
IVRCL's irrigation division has secured orders worth Rs 2,492 crore whereas the water division's orders stood at Rs crore, IVRCL talked about in a filing with the BSE.March 04, 2014 02:04 PM IST
The partnership includes Airtel's MPLS (Multiprotocol Label Switching) features supported by way of its world network and Etisalat's Smarthub is the greatest potential, content, internet and facts hub in the core East.March 04, 2014 01:forty two PM IST
A consortium led by the business with partners corresponding to Tata initiatives and Kalindee Rail Nirman would perform the task which includes development of roadbed, bridges, music linking, outside S&T works, OHE (Over Head Equipments) and frequent electrical works from Jhansi to Erich road.
M&M is planning to divide its AFS product development division into two verticals -- auto and tractor.
Sameer Nagpal, MD & CEO, Shalimar Paints mentioned within the third quarter most paint corporations had viewed an impact on profitability as a result of higher commodity or raw material costs. That impact is being passed on to patrons in the course of the rate increaseMarch 04, 2014 12:50 PM IST
Leif Eskesen, Chief Economist for India & Asean, HSBC world analysis says third quarter GDP increase is according to expectation. On the demand aspect, weak spot still resides when in comes to private consumption and funding. He says, Indian recovery has to be funding-led for it to be sustainable.March 04, 2014 12:33 PM IST
Roy was arrested on Friday after failing to seem at a Supreme court docket hearing - which he says he neglected to take care of his sick mother - concerning a multi-billion-dollar Sahara investment scheme that turned into later ruled to be unlawful.March 04, 2014 12:30 PM IST
Capital First limited The enterprise will allot lakh shares for Rs 128 crore to Warbug Pincus affiliate Cloverdell investment and an extra lakh shares to HDFC commonplace life coverage business for Rs 50 crore. submit the transcation, the Cap[ital First's mixed Tier 1 and Tier 2 capital will increase to Rs 1791 crore.March 04, 2014 12:25 PM IST
the brand new task of retirement buildings in Bangalore has already considered 25 % bookings and this fall is sure to be more suitable than Q3, says MR Jaishankar, chairman and managing director, Brigade business.March 04, 2014 11:12 AM IST
The executive had these days introduced in a brand new method to pay fuel producers akin to Reliance Industries, as recommended with the aid of the C Rangarajan panel. the brand new gas pricing mechanism comes into effect from April 1 this year and is anticipated to about double the prices from the present USD per unit.
according to Jain, CERC's authority had already been upheld via APTEL and the Supreme court docket.
With a networth of billion, Reliance Industries Ltd (RIL) chief Mukesh Ambani leads the pack of 56 billionaires primarily based in India featured on the record.March 04, 2014 10:01 AM IST
Microsoft co-founder invoice Gates has regained the title of the realm's richest man in the Forbes magazine's annual billionaire record that comprises fifty six India based billionaires led by way of RIL Chairman Mukesh Ambani.March 03, 2014 10:01 PM IST
native newspaper reviews noted Safaricom, which is 40 owned by using Vodafone , will get Yu's infrastructure such as base stations in a bid to enhance the exceptional of its network.March 03, 2014 09:fifty four PM IST
The Finance Ministry is engaged on widening the scope for issuance of overseas-listed securities through Indian organisations against debt, sources said. besides, it is additionally because the option of giving ADR and GDR holders vote casting appropriate to make such securities more fascinating to overseas traders, they added.March 03, 2014 09:29 PM IST
IDBI owns equity in SHCIL, with the different shareholders being IFCI 33 per cent, GIC 14 and SUUTI and LIC with 17 each.March 03, 2014 09:28 PM IST
In a filing to the BSE, Mcleod Russel India recommended that Phu Ben Tea company Ltd, a step-down subsidiary in Vietnam, has signed an settlement for purchase of a tea processing factory in Vietnam "for a consideration of USD 820,000 plus VAT at the relevant expense".March 03, 2014 09:sixteen PM IST
The date of charge of the meantime dividend is fastened as April 2 and the dividend warrants might be payable at par in any respect branches of State bank of India, regardless of the volume, it saidMarch 03, 2014 08:forty PM IST
With Maruti, the variety of companies where 22 percent FII restrict has been reached and extra purchases may be allowed with prior approval of RBI has improved to 10.March 03, 2014 08:32 PM IST
The volume bought exceeds the govt's goal of about Rs 11,333 crore set for the existing fiscal, ending March 31, with the aid of about 61 %. The govt bought bids value Rs 62,162 crore in the public sale for 1800 Mhz and 900 Mhz bands.
The RBI said the withdrawal is in conformity with the common international apply of no longer having multiple collection of notes in circulation at the same time.
Allahabad financial institution raised base cost or minimum lending fee with the aid of to percent from present percent.