The government is likely to announce a fresh set of tax exemptions to trigger investments in large infrastructure projects, Anupama Airy
reports. Road to prosperity
Mukesh Ambani-led Reliance Industries Limited (RIL) sitting on a cash pile in excess of Rs61,000 crore is moving fast to diversify the conglomeration that is expected to span everything from oil exploration to tablet computers. Gaurav Choudhury
& Anupama Airy
report. A big fat wallet
Amidst concerns raised by central intelligence agencies over the $7.2-billion (Rs 32,400-crore) Reliance Industries Ltd (RIL)-BP deal, RIL is pushing for speedy approvals to the deal and has cited BP's entry into India as a "major boost to the energy security of the country." Anupama Airy
and Gaurav Choudhury
report. RIL rebuts points raised by intelligence agencies
Be prepared for a hike in petrol and diesel prices. The Empowered Group of Ministers on fuel pricing under Pranab Mukherjee is meeting on Wednesday to clear a proposal to increase auto fuel prices by upto Rs 3 per litre. Anupama Airy & Gaurav Choudhury report.
The UPA-II government is less than two months away from completing two years in office. But giving itself a pat on the back for achievements may be a tough task in a year rocked by scams and high food and commodity prices. Anupama Airy
and Gaurav Choudhury
With British companies Vodafone and Cairn facing regulatory hurdles, UK Prime Minister David Cameron has expressed concern over unpredictable decisions and “transparency in the business environment” in the country. Anupama Airy
and Gaurav Choudhury
report. PM's concerns
Petrol and diesel may become cheaper after the Budget as Finance minister Pranab Mukherjee is expected to slash excise and customs duties on these two fuels in his Budget for 2011-12. Gaurav Choudhury and Anupama Airy report.
Rocked by the recent spate of scams, the government is all set to reduce or even abolish most of the discretionary powers that central ministers and chief ministers presently enjoy. Gaurav Choudhury
and Anupama Airy
report. Have your say
| He's the boss
The government is likely to announce a fresh set of tax exemptions to trigger investments in the large infrastructure projects aimed at channelising household savings in the cash-starved sector. Gaurav Choudhury &Anupama Airy report.
India is planning a major overseas shopping drive to ensure secured supply of scarce natural resources such as crude oil, gas, iron ore and coal to push the country’s strategic and domestic needs. Anupama Airy and Gaurav Choudhury report.
Not much has been heard from the camps of the warring Ambani brothers—Mukesh and Anil—after the SC delivered its judgement on their contentious gas dispute on May 7. Anupama Airy & Gaurav Choudhury report.
Foreign energy majors waiting to enter India may have to redraw their plans in light of the Supreme Court judgment on Thursday that gives the government sole ownership rights of gas fields.
Sometime next week, warring brothers Mukesh and Anil Ambani will sit across the table for renegotiations on the gas agreement as ordered by the Supreme Court, an official close to Mukesh told Hindustan Times.
With the Centre stepping up its disinvestments programme, starting June, at least one public sector issue is expected to hit the market every month, either as an initial public offer by an unlisted company or as a follow-on public offer by listed ones. Anupama Airy and Gaurav Choudhury report.
As a multi-pronged investigation scoured for details of the ownership and funding of Indian Premier League teams, the Registrar of Companies, has apparently failed to find any benami investors or sweat equity holders in three teams — Chennai Super Kings, Delhi Daredevils and Deccan Chargers, report Anupama Airy and Gaurav Choudhury.
The government has begun the process of disinvestment in Neyveli Lignite Corporation, already listed on the bourses, through a follow on public offer, reports Anupama Airy & Gaurav Choudhury.
The government is planning a major overseas shopping drive to ensure secured supply of scarce resources such as crude oil, gas and coal, report Anupama Airy and Gaurav Choudhury.
From the fiscal year beginning in April, expect one share issue from public sector companies every three weeks, as initial public offers (IPOs) of unlisted firms or follow-on public offers (FPOs) of listed ones, reports Anupama Airy and Gaurav Choudhury.
The Commerce and Industry Ministry has cautioned the National Security Council headed by the Prime Minister Manmohan Singh that any tweaking of the current foreign investment policy regime may adversely affect the flow of FDI into India.