Steel Authority of India Ltd, will embark on the biggest expansion drive in its history to more than double its capacity to 50 million tonnes by 2025, a move that is likely to involve an an investment of Rs.
Lakhs of customers and households will now have access to piped natural gas (PNG) with the government readying a roadmap to cover 77 new towns and cities across India over the next four to five years.
With foreign direct investment (FDI) limit in insurance set to go up to 49% from the current 26%, several global insurance giants are likely to revive their plans to enter the under-penetrated Indian market.
With a large number of financial scams coming up in recent years, the Reserve Bank of India (RBI) has decided to take the growing phenomenon of shadow banking head on.
The aviation ministry recently allowed the Navi Mumbai airport, to be built through public-private partnership (PPP), to raise 26% of its equity from airlines against the 10% allowed in PPP airports.
The finance ministry has asked banks to formulate women-friendly transfer policies so that they can relocate to places where their husbands are working or parents are living, sources said.
To safeguard investors' interest,new norms for the launch of Real Estate Investment Trusts (REITs) in India will require such bodies to take adequate insurance cover for their realty assets and bar them from promising any guaranteed returns.
The WPI inflation is likely to average around 5.4% and CPI to average between 7.0-7.5% during FY 14-15, says a Barclays research report.
In a bid to revive BSNL and MTNL, department of telecom is working on modalities to merge the two state-run telecom companies and also undertake organisational restructuring.
In the absence of any major domestic trigger, stock markets are likely to take cues from global factors amid geopolitical concerns in Iraq and Ukraine this week, say experts.
Capital market watchdog Sebi started probe into 108 new cases related to manipulations in the securities laws and completed investigation in 120 matters during the last financial year.
Improved market sentiment helped Mutual Funds pick up shares worth over Rs. 5,000 crore in July, making it the highest monthly inflow in six-and-a-half years.
Overseas investors have pulled out nearly Rs. 5,300 crore from the Indian debt market since the beginning of the month.
While auditors of now-grounded Kingfisher Airlines have been raising red flags for a long time, auditors of low-cost carrier SpiceJet have pointed out in their latest quarterly review report the airline's total liabilities exceeded its total assets by Rs.
1,145.58 crore as on June 30, 2014.
CBI is mulling questioning some officials of the finance ministry who were part of Foreign Investment Promotion Board (FIPB) clearance process given to Aircel-Maxis deal even as it plans to file the first charge sheet in the matter this week.