COMPANIES & SECTORS


MDT/PTI 07 January 2013
The auction will start with the unsold spectrum in 1800 MHz band at a reserve price, 30% lower, compared the one in the previous round held in November New Delhi: The second round of telecom spectrum auction is likely to be held on 11th March after the Cabinet decides on the reserve...

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By following SEBI’s guidelines, only 39% of applicants under the retail category got 20 shares each in the CARE IPO while 61% of the applicants, including number of those who applied for the maximum permitted under this category and blocked a sizable amount of Rs1.95 lakh were totally...

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MDT/PTI 07 January 2013
Expressing concern over a large number of misleading advertisements especially on health oils and tonics coming in print and TV media, the minister said the union government is very serious about checking this menace Kochi: Consumer Affairs Minister KV Thomas has said the union...

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MDT/PTI 07 January 2013
LIC HF has formed a committee comprising senior officials which is in touch with the apex bank on the ECB issue Hyderabad: LIC Housing Finance Ltd, promoted by state-run insurance giant Life Insurance Corp of India (LIC), is mulling raising Rs700-Rs1,000 crore through external commercial...

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MDT/PTI 04 January 2013
Moily said the government was also considering raising the cap on supply of LPG cylinders to nine per household in a year from current limit of six New Delhi: Diesel, kerosene and LPG (cooking gas) prices may be hiked soon as the Indian government considers Vijay Kelkar Committee...

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MDT/PTI 04 January 2013
In the case involving sale of shares of Reliance Petroleum, SEBI is said to have been investigating for a long time the alleged violation of insider trading regulations by RIL Mumbai: Reliance Industries Ltd (RIL) has approached the Securities Appellate Tribunal (SAT) against market...

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MDT/PTI 04 January 2013
Although PNB provides services to MetLife India as a distribution agent, the share of MetLife India in the business of life insurance is relatively insignificant and is not likely to raise any adverse effect on competition in India says CCI New Delhi: Fair trade regulator Competition...

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MDT/PTI 04 January 2013
According to Nobel laureate Joseph Stiglitz the real problem in the financial sector are issues of conflict of interests and when you have corporates opening their own banks, you are opening a venue for conflict of interests Mumbai: Nobel laureate Joseph Stiglitz has said corporates...

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MDT/PTI 03 January 2013
Jet Airways said its discussions with Etihad are in progress but no terms have been firmed up at present and various structures are being explored by the legal and commercial teams Mumbai: The first investment by a foreign carrier in an Indian airline could be on the anvil with Jet...

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Credit Sudhaar, a non-specified user entity, is accessing confidential credit records from CIBIL while claiming to help individuals improve and maintain their credit health. Why is the financial regulator, RBI, silent? Credit Sudhaar, a firm set up by former bankers Gaurav Wadhwani and...

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MDT/PTI 03 January 2013
The tribunal also rejected Loop Telecom's plea to restrain DoT from taking any coercive steps as invocation or encashment of guarantees, in case of its non renewal New Delhi: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has rejected Loop Telecom's application seeking...

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MDT/PTI 03 January 2013
The central bank is likely to hold a couple of meetings in January before finalising the guidelines with regard to NBFCs Mumbai: The Reserve Bank of India (RBI) is likely to meet the representatives of non-banking finance companies (NBFC) this month for consultation before finalising the...

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MDT/PTI 03 January 2013
RBI says if the address on the document submitted for identity proof by prospective customer is same as that declared by him, the document may be accepted as a valid proof of both identity and address Mumbai: The Reserve Bank of India (RBI) has eased the 'know your customer' (KYC)...

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MDT/PTI 02 January 2013
Around 200 listed companies would follow SEBI rule that mandates 25% public shareholding by June 2013, which would also infuse fresh shares worth Rs30,000 crore in Indian stock market Kochi: A total of 200 listed companies would comply with the new rule of Securities and Exchange Board...

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MDT/PTI 02 January 2013
SEBI has directed the four promoter entities, including two individuals, of Khaitan Electricals to make a public announcement regarding purchase of company's shares within 45 days Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has directed four promoter entities...

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MDT/PTI 02 January 2013
Air India's Mumbai-Singapore flight AI342 with 260 passengers on board was cancelled due to non-availability of commander Mumbai: As many as 260 passengers of a Singapore-bound Air India flight from Mumbai were stranded after the airline cancelled it citing non-availability of cockpit...

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MDT/PTI 28 December 2012
Around 10% of the total coal produced by state-owned Coal India is sold through e-auction. Under e-auction, coal is sold at spot market price New Delhi: Amid the power sector facing fuel shortage, the coal ministry has opined that diversion of a portion of e-auction coal to power...

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MDT/PTI 28 December 2012
Chairman-designate Cyrus Mistry, who made a visit to Bombay House on Friday, will on Saturday take charge of the new assignment, sources in Tata Sons said Ratan Tata, an iconic corporate leader, retired as chairman of the Tata Group after a 50-year run Friday but kept away from office on...

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MDT/PTI 28 December 2012
While a strike by pilots disrupted Air India operations for 58 days, Kingfisher Airlines’ engineers and pilots also struck work over non-payment of several months’ salary dues It was not smooth sailing for the Indian aviation industry in 2012 as it saw the grounding of Kingfisher...

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MDT/PTI 28 December 2012
The Kelkar Committee had recommended that diesel prices should be raised in staggered manner over the one-year period to wipe out Rs9.28 per litre loss on fuel sale. On kerosene, it had suggested raising rates by Rs10 per litre over two years New Delhi: Diesel prices may have to be...

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