CCI's energy booster: R70k-cr projects okayed

	CCI's energy booster: R70k-cr projects okayed Keen to end the prolonged lull in investments, the government on Monday gave cleared a slew of infrastructure projects in the oil & gas and power sectors, with estimated combined investments worth R70,000 crore. The Cabinet Committee on Investments ...
	Ikea cannot retail food items in India Global furniture major Ikea will be allowed to run cafes and restaurants within its singlebrand stores in India but not retail packed food items off the shelf in any other part of such stores, Parliament was informed on Monday. The Swedish company had sought ...
	Asian shares, commodities rattled by weaker China PMI Tokyo: Asian shares and other riskier assets lost ground on Tuesday after a preliminary reading showed manufacturing growth in China slowed in April, highlighting recent market concerns about global growth prospects. The flash HSBC Purchasing ...
	Cairn says cash pile will go into E&P Cairn India on Monday cleared the air on a key issue that has intrigued shareholders and investors for long now – what it plans to do with its cash reserves, which stood at a whopping Rs16,000 crore at the end of March. “We will retain the cash in the ...
	New Rovuma find may not boost Videocon On Monday, the diversified group said the operators of the Rovuma basin, called Area 1 offshore, have discovered gas in a "new huge discovery area" off Mozambique. (An aside: basin partner BPCL preferred calling it a "new natural gas discovery".) ...
	Cement firms step up capex as upcycle seen UltraTech Ltd, the Aditya Birla group cement firm, is expanding its unit in Rajasthan by 2.9 million tonne at a cost of Rs2,000 crore. Cement companies are planning new expansions and going full steam with the ongoing ones despite market concerns of an ...
	MindTree net falls 20% on forex loss The company reported a net profit of Rs78.9 crore for the quarter under review, down from Rs98.8 crore in October-December, but beating Street estimates of Rs78.2 crore. The company declared an interim dividend of Rs4 a share. Software services provider ...
	'Z' security: Mukesh Ambani will foot the bill, not govt Following criticism on Twitter over the union home ministry providing the second-highest security cover to Mukesh Ambani akin to prominent political leaders, the RIL chief clarified that he and not the government will be paying for the security. Amid reports of ...
	Coal India refuses transfer of linkage to NTPC's working plant Coal India has refused transfer of coal linkage to NTPC's joint venture, Indira Gandhi Super Thermal Power (IGSTP), a 1,500 mw plant in Haryana, from a decommissioned power plant. IGSTP faces occasional short and poor quality supply. Indraprastha ...
	Indian rupee marginally weak in opening trade The euro was steady above 1.30 to the dollar. The dollar index was at 82.70 mark, meanwhile the yen firms versus the dollar. Jayesh Mehta, Bank of America said, "In the absence of any major triggers, the rupee is expected to trade weaker in a narrow range ...