Goa's ex-CM indicted in financial scam

A judicial commission has indicted Goa's former chief minister Luizinho Faleiro in a financial racket involving Rs 100 crore.Faleiro, who is the state Congress president, has dismissed the findings......

Reliance to invest in Abu Dhabi petrochemical hub

Billionaire Mukesh Ambani's Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE. The oil-to-telecom conglomerate will join the......

A Maharashtra village's cashless dream goes bust

The government started promoting cashless transactions but forgot that it needs infrastructure. Illustration: Uttam Ghosh/Rediff.com Dhasai, Maharashtra’s first and only cashless village, no......

IL&FS Financial gets India's first masala loan

The first tranche was raised a few weeks ago and the company was looking to raise more if needed. IL&FS Financial Services became the first Indian company to raise money through a masala loan, a......

Chemicals: Expect import duty reduction on feedstock

Chemical industry growth will be primarily driven by domestic consumption because per capita consumption of most of the chemicals is much lower than global averages. Current Status The chemical......