Sunday, 24 March 2013

Two Ambani groups lose Rs 20000 cr market value in a week

Two Ambani groups lose Rs 20000 cr market value in a week

Two Ambani groups lose Rs 20000 cr market value in a week

Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time. With two listed companies, the Mukesh ...
FII investment norms in bonds, securities rationalised

FII investment norms in bonds, securities rationalised

In a conscious bid to bridge the widening current account deficit (CAD), which can be financed only through larger foreign inflows, Finance Minister P. Chidambaram, on Saturday, announced rationalisation of FII (foreign institutional investor) investment norms ...
Cairn Starts Gas Output, Activates New Oil Field in Rajasthan

Cairn Starts Gas Output, Activates New Oil Field in Rajasthan

Cairn India Ltd., which pumps crude oil from the nation's biggest deposit on land, started its first commercial sales of natural gas from the area and activated a new oil field to revive lower-than-expected output. The explorer will sell as much as 5 million ...
Govt mulling tough real estate regulator: Maken

Govt mulling tough real estate regulator: Maken

New Delhi, Mar 24 (PTI) Government plans to set up a tough regulator for the real estate sector with provisions for even jail term for the developer for putting out misleading advertisements about projects. The proposed regulator will also make it mandatory for ...
India not to stop Iran imports, says govt

India not to stop Iran imports, says govt

The petroleum and natural gas ministry said today that it is not going to stop imports from Iran completely, while there are plans to set up a special fund to provide insurance to refineries. Interacting with the media, Oil minister M Veerappa Moily said that the ...
India to unveil shale gas policy in 2 weeks: Moily

India to unveil shale gas policy in 2 weeks: Moily

New Delhi: India plans to unveil its shale gas policy within the next two weeks as it seeks to exploit unconventional resources to fuel its expanding economy and cut subsidies, oil minister Veerappa Moily said on Sunday. India, the world's fourth biggest oil ...
M-cap of top-nine cos tank by Rs 79571 cr, ONGC biggest loser

M-cap of top-nine cos tank by Rs 79571 cr, ONGC biggest loser

Amid a huge sell-off in the stock market last week, the combined market capitalisation of top- nine Sensex companies tanked Rs 79,571 crore, with ONGC and Coal India taking the biggest hit. Barring ITC, the rest of the nine companies, including ONGC, CIL, ...
Improved version of Aakash tablet on the anvil: Pallam Raju

Improved version of Aakash tablet on the anvil: Pallam Raju

Improved version of the Aakash tablet is on the anvil after the successful launch of three versions, a "fantastic initiative" of the HRD ministry, HRD minister M M Pallam Raju said here today. "It is a fantastic initiative by the ministry to develop Aakash Tablet, ...
India is not on my top priority for investments: LN Mittal

India is not on my top priority for investments: LN Mittal

Having experienced delays for his steel projects in Orissa and Jharkhand, steel magnate Lakshmi N Mittal said here on Saturday that India is not on his top priority for investments. "I don't want give any timeline for our India project because we have ...