Monday, 18 March 2013

Considering relaxing FDI cap in various sectors: P Chidambaram

Considering relaxing FDI cap in various sectors: P Chidambaram

Considering relaxing FDI cap in various sectors: P Chidambaram

There are various sectors where FDI limit is below 100%. While in multi-brand retail it is 51%, in telecom and banking it is 74%. NEW DELHI: Continuing the reform push, the government is considering further liberalising foreign investment cap in various ...
Cyprus bailout, a reminder to Europe crisis: Jeff Chowdhry

Cyprus bailout, a reminder to Europe crisis: Jeff Chowdhry

Cyrpus got a 10 billion euro bailout deal from the EU. However, in return they will have to impose a levy on depositors. Jeff Chowdhry, Head of Emerging Market Equities, F&C Investments told CNBC-TV18 that Cyprus is a very small country, but there is a lot of ...
Delhi HC allows Airtel to give 3G services till May 8

Delhi HC allows Airtel to give 3G services till May 8

New Delhi: Big relief for Bharti Airtel as the Delhi high court gave stay order of the Rs 350 crore penalty imposed on the telecom giant by the government for its 3G services. On Friday, the Department of Telecom had imposed the penalty on Airtel for offering ...
Tata Group draws up expansion plans in Africa

Tata Group draws up expansion plans in Africa

Tata Group, on Monday, said it was in talks with partners in Africa to set up new assembly lines for commercial and passenger vehicles and was also looking at further enhancing its presence in the hospitality and mining sectors. Talking to journalists during ...
Sugar companies shares sweeten on hopes of price decontrol

Sugar companies shares sweeten on hopes of price decontrol

Sugar companies shares rose by as much as 3 per cent in an otherwise weak market today on expectations of partial decontrol of the sector. Shares of Dhampur Sugar Mills surged 3.28 per cent to Rs 48.75, while Triveni Engineering & Industries rose by 2.18 ...
Food inflation a credit negative for India: Moody

Food inflation a credit negative for India: Moody's

Global rating agency Moody's said on Monday India's high food inflation is credit negative for the country as it hurts government finances and curtails the ability of the Reserved Bank of India to deal with monetary issues. "Sustained food inflation is credit ...
SBI taking all steps to recover money from Kingfisher

SBI taking all steps to recover money from Kingfisher

The lead banker to Kingfisher Airlines, SBI on Monday said it is taking all steps to recover the loan provided to the grounded carrier. "We are blazing all guns and taking all steps to recovery (of Kingfisher loans)," SBI Chairman Pratip Chaudhuri said here after ...
BSE Sensex ends 135 lower; banks, autos drag

BSE Sensex ends 135 lower; banks, autos drag

Indian equities recovered from their day's low to end a terrible day of trade on a not-so terrible note. Source: Moneycontrol.com. Share · Tweet · Share on Tumblr. Like this story, share it with millions of investors on M3. BSE Sensex ends 135 lower; banks, ...
India Shares End Lower Ahead of RBI Meeting

India Shares End Lower Ahead of RBI Meeting

MUMBAI--Indian shares ended lower Monday as investors turned cautious because of worries over a bank bailout in Cyprus and ahead of the Reserve Bank of India's monetary policy meeting Tuesday. The Bombay Stock Exchange's S&P BSE Sensex index ...
Gold seen extending gains from one-week high

Gold seen extending gains from one-week high

MUMBAI | Mon Mar 18, 2013 7:12pm IST. MUMBAI (Reuters) - Gold futures are likely to extend gains from the highest level in more than a week helped by increased safe-haven bids, with weak physical demand back home weighing on sentiment. At 1224 ...