A new government has taken office in Australia, which has said it will review its predecessor's controversial proposal for a 40 per cent super-profit tax on mining revenues.
In the last two years, several Indian companies have ventured into Singapore by acquiring small and medium companies at low prices.
Even as India's annual inflation rate touched 10.16 per cent in May, Finance Minister Pranab Mukherjee on Monday ruled out the possibility of interest rates rising in the short term. He said he expected inflation to be on the higher side till the middle of July.
On June 11, the state had 470 kilolitres of petrol against the daily requirement of 75 kilolitres and just 7,400 LPG cylinders against 5,508 needed daily.
Infrastructure conglomerate Lanco Group and leading financial services firm Edelweiss Capital have emerged frontrunners in the race for Axis Bank's private equity arm. According to two people familiar with the developments, Lanco and Edelweiss have made the most aggressive financial bids among all the non-binding ones that have come in so far. The bids, they said, were in the range of Rs 30-45 crore.
Interestingly, KMC for the last five-six years, had been earning money by selling land to developers in prime locations through the bidding process.
American car maker General Motors is likely to pull out of its technological partnership with REVA Electric Car Company, after domestic auto major Mahindra & Mahindra Ltd bought 55.2 per cent equity in the Bangalore-based company to stake its place in the fledgling electric vehicle market.
Mandarins in the home ministry may be having sleepless nights as violence brews in the Naxal-infested state of Jharkhand, but it is a different story for business here.
After Tuesday's Naxal attack on the Central Reserve Police Forces, police forces across the country are likely to see a sharp jump in their insurance premia when their group personal accident policies are renewed. The hike could be in the region of 200-300 per cent, according to insurance firms.
Politburo member Sitaram Yechury speaks about the party's strategy and alliances
Although a detailed blueprint is yet to be created, sources familiar with thedevelopments said companies would initially be roped in to augment the basic rail infrastructure in industrial areas such as mining zones.
Ford India's commitment to launch a new product in the country every 12-18 months will see the company strengthening its domestic supplier base, as it seeks to keep the costs down while maintaining global quality standards.
All car makers passed on the two per cent hike in excise duty to consumers soon after the Budget.
The land taken by Tata Motors at Singur for the erstwhile Nano car factory, and by the many companies who invested there to be vendors to the project, isn't set to change hands anytime soon.Tata and the vendors both say they plan to hold on to the lease titles, even as Trinamool Congress chief and Union railway minister Mamata Banerjee and the West Bengal government continue with their political posturing over a plan for a rail coach factory at the location.
The Bengal intelligentsia that stood by Trinamool Congress (TMC) leader Mamata Banerjee is now divided on how to resolve the fracas at Lalgarh -- a generic name that represents the Naxal-stricken tribal heartland of West Bengal.
A senior official of Tata Steel on Wednesday indicated that the steel major might provide a rehabilitation package for the 1,700 workers slated to lose their jobs due to the partial mothballing of its subsidiary, Corus' Teesside plant in Britain.
The Centre has stopped allocating coal blocks to state governments till the Mines and Mineral (Development & Regulation) Act is implemented with the amendments.
The Railway Board is likely to utilise the undisputed 600 acres for setting-up a coach factory at Singur, the erstwhile site for the Nano project.
A day into the Copenhagen climate change meetings, the Union ministry of new and renewable energy has indicated that it has no definite roadmap to implement its ambitious target of 20,000 MW of solar power by 2022.
In the past one year, the share of state-run banks in auto finance has increased significantly, and in some cases nearly doubled, on the back of competitive rates offered by banks such as State Bank of India.
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