State-run Hudco has received capital markets regulator Sebi's approval to raise funds through an initial share sale as part of the government's disinvestment drive. Hudco had filed draft papers with the Securities and Exchange Boardof India (Sebi) in January ... Business Standard, 1 month ago
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The State-owned Oil and Natural Gas Corporation may acquire India's third-biggest fuel retailer HPCL in an approximately 44,000 crore (USD 6.6 billion) deal as part of the government's plan to create an integrated oil giant. Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd. This will have to be ...Rediff.com, 1 month ago
The government has set in motion its plan to create an energy sector behemoth in the country by merging some of the 13 state-owned oil firms to rival global oil and gas giants such as BP, Chevron, ExxonMobil, CNPC and bag larger share of global energy to meet ...The Financial Chronicle, 2 months ago The great oil consolidation The Financial Chronicle, 1 month ago
The government on Friday approved new guidelines giving consumers the right to decide service charge they wish to voluntarily pay on a hotel or restaurant bill. The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action, Food and Consumer Affairs Minister Ram Vilas Paswan said. While the new norms provide relief to those dining out, the hotel industry is not likely to take it lying down as they feel being singled out. The ...Rediff.com, 6 days ago
By Yashaswini Swamynathan REUTERS - U.S. stocks edged lower on Wednesday as investors assessed uncertainty stemming from rising geopolitical tensions and the upcoming corporate earnings season. The United States launched missiles at a Syrian airfield last ...Sify, 2 weeks ago US STOCKS-Wall St slips as geopolitical risks gather, earnings loom Sify, 2 weeks ago
By Yashaswini Swamynathan REUTERS - U.S. stocks were little changed in choppy trading on Friday after a U.S. missile strike on Syria sent investors scurrying to safe-havens, while weak jobs data weighed on financial stocks. U.S. employers added about 98,000 ...Sify, 2 weeks ago Safe-havens up on missile strike; weak data drags banks Sify, 2 weeks ago
By Nichola Saminather and Wayne Cole SYDNEY (Reuters) - Bonds, gold and the yen jumped in Asia on Friday, while stocks retreated, as investors fled to safe assets after the United States launched cruise missiles against an airbase in Syria, raising the risk ...Sify, 2 weeks ago
Media reports indicate that government has approved the formation of a Rail Development Authority – an independent regulator to recommend fare and freight rates and set performance benchmarks for the Indian Railways (IR). If one considers a critical ...catchnews.com, 3 weeks ago
* Rupee's 4.8 pct rise in 2017 makes imports competitive * Imports seen at 3 mln bales vs 2.2 mln bales yr ago * Exports falter as Indian cotton becomes expensive By Rajendra Jadhav MUMBAI, March 31 (Reuters) - India's 2016-17 cotton importsare set to jump ...Sify, 3 weeks ago
Finance Minister Arun Jaitley today introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti- profiteering authority and arrests for evading taxes. With this, rollout of GST - the biggest tax ...Deccan Herald, 1 month ago
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