With the Reserve Bank of India (RBI) expected to issue banking licences to a host of prospective companies, a fresh licence may be given to a consortium of cash-rich public sector enterprises (PSUs).
Global banking major Deutsche Bank did not recognise up to $12 billion of paper losses during the financial crisis, that helped it to stave off a government bailout, says a media report.
India’s biggest power equipment manufacturer BHEL said on Wednesday that new orders especially from the private developers are drying up due to financing problems.
The Inter-Ministerial Group (IMG) will decide the fate of 13 coal mines allocated to public sector firms on the first day of a two-day meeting likely to be held next week This could include firms such as the Chhattisgarh Mineral Development Corp and the Andhra Pradesh Power Generation Corp.
Just a day before the peak festive season starts, jewellers are witnessing a healthy demand for gold and expect that the demand could be up by around 20% till December this year, compared to last year.
Sachin Dave reports.
In a sign of inter-ministerial rift, the Planning Commission has expressed its displeasure to the petroleum ministry for being left out of all discussions related to oil and gas exploration blocks in the country. Anupama Airy reports.
The fact that environmental clearances to projects have been leading to shortfall in domestic coal production is no surprise.
The microfinance sector has again started witnessing a flow of funds from banks — which had become hesitant in lending to micro lenders in 2011 — encouraged by the new set of regulations introduced by the Reserve Bank of India (RBI).
While the government is yet to bite the bullet, state-owned oil marketing companies are pushing for an increase in diesel and cooking gas prices in the backdrop of firming of international crude oil prices.
HT reports.
The micro, small and medium enterprises (MSMEs) have urged the government to strengthen power reforms and facilitate open access to power for industrial clusters.
Get ready to pay more for home appliances and other electronic goods.
Riding high on domestic and global demand of traditional Indian homemade snacks, accompaniments and condiments such as pickles, papads, jam, spices and honey, the micro, small and medium (MSME) sector has registered an almost four-fold growth in gross output in rural areas over a five-year period.
After the government's approval of
Rs. 30,000 crore package for Air India, Indian Tourism Development Corporation (ITDC) has intensified efforts to claim
Rs. 50 crore dues from the state-owned airline.
A pact to enhance cooperation in the key sector of oil and gas exploration is among the six agreements inked on Monday between India and Qatar, which has the world’s third-largest natural gas reserves after Russia and Iran.
Sahara India Pariwar on Sunday announced opening up of 'Q shop' in major cities across the country to provide adulteration-free consumer merchandise including processed food and beverages to buyers.