Devidutta Tripathy And Neha Dasgupta

Stories by Devidutta Tripathy And Neha Dasgupta

FIPB clears Vodafone's plan to fully own local unit

FIPB clears Vodafone's plan to fully own local unit

Rediff.com   30 Dec 2013

The foreign investment regulator cleared a decision on Vodafone Group Plc's $1.6 billion plan to take full ownership of its local unit.

Govt bond yield spike temporary, says Chidambaram

Govt bond yield spike temporary, says Chidambaram

Rediff.com   19 Nov 2013

Bond yields have risen since the Reserve Bank of India raised interest rates for a second consecutive month on October 29.

RBI likely sold dollars via state-run banks to cap rupee fall: Dealers

RBI likely sold dollars via state-run banks to cap rupee fall: Dealers

Rediff.com   13 Nov 2013

The rupee has already shed around 3.3 percent over the last five sessions.

Trai sticks to spectrum price-cut proposals

Trai sticks to spectrum price-cut proposals

Rediff.com   6 Nov 2013

The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.

Jet Airways posts worst quarterly loss of Rs 891 crore

Jet Airways posts worst quarterly loss of Rs 891 crore

Rediff.com   23 Oct 2013

Jet Airways in which Abu Dhabi's Etihad is buying a stake, reported its worst quarterly loss on record as carriers in Asia's third-biggest economy battle high fuel costs and taxes.

Trai sticks to spectrum price-cut proposals

Trai sticks to spectrum price-cut proposals

Rediff.com   23 Oct 2013

The telecommunications regulator had recommended last month that the reserve price for spectrum in the 900 megahertz band in some key cities be cut by about 60 percent, and also suggested a 37 percent cut in the reserve price for spectrum in the 1800 megahertz band.

Bharti Airtel buys out Qualcomm stake in India 4G broadband JV

Bharti Airtel buys out Qualcomm stake in India 4G broadband JV

Rediff.com   18 Oct 2013

Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.

L&T net profit rises 7%, beats analyst estimates

L&T net profit rises 7%, beats analyst estimates

Rediff.com   18 Oct 2013

Larsen & Toubro, India's largest infrastructure builder, reported a 7 percent rise in quarterly profit, beating analyst estimates, as it booked increased revenue despite a weak domestic economy.

Nokia tax dispute: India freezes some assets

Nokia tax dispute: India freezes some assets

Rediff.com   1 Oct 2013

Nokia said the freezing of the fixed assets would not have any impact on the day-to-day operations of the company.

Rajan's 1st Monetary Policy: Steps he is likely to take

Rajan's 1st Monetary Policy: Steps he is likely to take

Rediff.com   19 Sep 2013

New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.

Why RBI may keep key rates unchanged

Why RBI may keep key rates unchanged

Rediff.com   18 Sep 2013

Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.

Weak rupee likely to push inflation further, warns RBI

Weak rupee likely to push inflation further, warns RBI

Rediff.com   22 Aug 2013

The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.

Air India probing overheated oven on Dreamliner flight

Air India probing overheated oven on Dreamliner flight

Rediff.com   26 Jul 2013

The overheating of the oven during a July 24 flight from New Delhi to Kolkata did not cause a fire

Vodafone offers Rs 4,000 cr for licence renewal in 3 cities

Vodafone offers Rs 4,000 cr for licence renewal in 3 cities

Rediff.com   1 Jul 2013

The price offered is about a quarter of the value set by the govt in an auction that was scheduled for March 2013 but never took place.

Postal department to apply for bank licence: official

Postal department to apply for bank licence: official

Rediff.com   27 Jun 2013

The department has a network of more than 150,000 post offices across the country.

India eases overseas loan rules for low-cost builders

India eases overseas loan rules for low-cost builders

Rediff.com   25 Jun 2013

RBI has made it easier for developers to access foreign money to spur low-cost housing projects.

Rupee weakness affects India credit profile: Moody's

Rupee weakness affects India credit profile: Moody's

Rediff.com   21 Jun 2013

The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.

Indian cos directly invested $1.8 bn overseas in May: RBI

Indian cos directly invested $1.8 bn overseas in May: RBI

Rediff.com   14 Jun 2013

Overall Indian companies issued guarantees worth $1.21 billion, extended loans worth $291 million and pumped in equities worth $319 million.

Excessive reliance on forex borrowing risky: RBI

Excessive reliance on forex borrowing risky: RBI

Rediff.com   11 Jun 2013

Heightened volatility makes the debt rollovers difficult.

India may take more steps to curb gold inflows: official

India may take more steps to curb gold inflows: official

Rediff.com   6 Jun 2013

Import duty on gold is already hiked by a third to 8 per cent.