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ONGC looks for equity partner in Vietnam project

Monday, 07 Apr 2014 | PTI | New Delhi

Having extended its stay in South China Sea to promote India’s strategic interest, state-owned Oil and Natural Gas Corp is looking for an equity partner to continue exploration for oil and gas offshore Vietnam. ONGC Videsh Ltd, the overseas investment arm of ONGC, had in July 2012 reversed its decision to...

FinMin not in favour of tax sops for CSR in backward regions

Monday, 07 Apr 2014 | PTI | New Delhi

The Finance Ministry is not in favour of giving tax benefits to businesses for their social welfare spendings in backward regions contrary to the recommendation made by a parliamentary panel. In the new revised draft Direct Taxes Code (DTC) bill, the Finance Ministry has observed that allowing deduction for CSR expenditure...

Dubai property show to have large Indian participation

Monday, 07 Apr 2014 | PTI | Dubai

International Property Show (IPS) beginning here this week will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India. The three-day event, starting on April 8, will see India reinforce its stature not only as one of the...

Pvt operators say DGCA making them scapegoat; decry intervention

Saturday, 05 Apr 2014 | PNS | New Delhi

At a time when political campaigning for Lok Sabha polls is in its peak, private charter operators have strongly decried DGCA’s frequent surprise checks and penalization and called it unwarranted and a malafide attempt by the latter to coverup its inefficiencies which led to the FAA downgrade in...

Balance-sheet growth not focus at start of bank ops: IDFC

Saturday, 05 Apr 2014 | PTI | Mumbai

Infrastructure finance company IDFC, which has bagged a commercial banking licence, plans to go slow on growing its balance-sheet for the first three years of operations and focus just on compliance and stabilisation. IDFC and Kolkata-based microfinance player Bandhan are the only entities which were given an “in-principle” approval by...

RBI Governor against banks seeking artificial fixes for NPAs

Saturday, 05 Apr 2014 | PTI | Pune

Strongly disapproving requests for “regulatory forbearance” in cases of asset quality stress made by lenders and corporates, Reserve Bank Governor Raghuram Rajan told bankers on Friday not to find “artificial fixes” for the problem. Rajan said the RBI had received requests from lenders and corporates requesting for postponing recognition of stressed...

‘Some applicants may be better at differentiated banking’

Saturday, 05 Apr 2014 | PTI | Pune

Reserve Bank Governor Raghuram Rajan on Friday defended handing out just two licences out of the 25 banking applicants saying the selection panel felt that some of them were better placed to serve as differentiated banks. “We went through the list of applicants and this was the set of applicants...

Sensex ends 150 points lower as profit-booking emerges

Saturday, 05 Apr 2014 | PNS | New Delhi

Sensex on Friday lost nearly 150 points, the biggest fall in a month, on selling in auto, IT, power and capital goods counters amid Asian cues. Brokers said profit-booking emerged at existing higher levels. Sentiment was dampened by an IMF report that said slowdown in Indian economy is attributable to...

India Inc joins pitch to spread poll fever

Saturday, 05 Apr 2014 | PTI | New Delhi

As poll fever grips the nation, corporate biggies like Tatas, Birlas, Hero and Infosys have launched special initiatives to enthuse their own staff and general public to vote and some of them are even promising gifts and other incentives for their employees who vote. Besides, many companies have either declared...

700 Indian-owned cos in UK employ over 1 lakh persons

Saturday, 05 Apr 2014 | PTI | London

Indian companies are playing an important role in the growth of the British economy and contributing to GDP and creating employment opportunities, according to Grant Thornton UK LLP's India Tracker 2014 report. The report, which is prepared in collaboration with the Confederation of Indian Industry (CII), monitors UK registered businesses with...


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Tests rule out bats as source of Nipah virus in Kerala

27 May 2018 | PNS | New Delhi

The Nipah virus mystery deepened on Saturday as the samples collected from bats in Kerala’s Kozhikode and Malappuram districts, where 13 people have died of the infection, have tested negative for the virus. A report submitted by a central medical team to the Union Health Ministry also ruled out pigs to be the primary source of the virus...

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in brief

28 May 2018 | PNS | New Delhi

Youth symposium at Gumla Vikash Bharti Bishunpur will organize youth symposium-2018 on May 28 at Gumla. The programme will be inaugurated by Chief Minister, Raghubar Das in the presence of other dignitaries...

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