The oil companies raised petrol prices by Rs 7.50 on Wednesday, a tough but unpopular decision which many see as a strong signal from the government that it's now stepping on the reform pedal.
Even as the government today gave Saurabh Chandra, secretary, department of industrial policy and promotion (DIPP), the additional charge of secretary, Department of Commerce, Dinesh Kumar Mittal has emerged as the front runner for the post.
Even as the Telecom Regulatory Authority of India is being criticised for the steep reserve price it has set for 2G spectrum auctions in the 1,800 MHz band, the government may be able to garner only Rs 18,000-20,000 crore (Rs 180-200 billion) in 2012-13, just about half the target of Rs 40,000 crore (Rs 400 billion).
Fred DeLuca, founder and CEO of restaurant chain Subway, started a sandwich shop 'Pete's Super Submarine' at Bridgeport (Connecticut) when he was 17.
The company had set up its first store in New Delhi 12 years ago through the franchisee route, and it remains the only one in India from its stable so far.
The retail giant tries to strengthen its e-commerce presence, sensing competition globally
India asks for consultations on rise in professional visa fee that hurts IT companies' interests
The group would start its India journey with stores in Mumbai and New Delhi.
In the wake of the Union Budget proposals, developers of Special Economic Zones (SEZs) say the scheme is heading for an end, with investors' interest certain to reduce drastically.
Officials have stated the finance ministry is also contemplating doing away with some of the key export promotion schemes, to check revenue leakage -- such as the advance licence scheme and export promotion capital goods scheme.
Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
India and the 10-country trading bloc poised to ratify pact on trade in services soon
Analysts say July 23, 2011, was like a red letter day for foreign investors when the Committee of Secretaries, headed by Cabinet Secretary Ajit Kumar Seth, recommended opening up the multi-brand retail trade.
Flipkart, founded by two former Amazon executives, Binny Bansal and Sachin Bansal, has been a talking point vis-a-vis Amazon's strategy in India.
Clause on 30% sourcing from Indian SMEs a particular concern.
It's not just the high street across India that will feel the pinch of the weakening rupee against the dollar.
Gloom over ministerial, courtesy US-China spar, conflict between cotton-producing African nations.
WTO summit will see whether decade-long negotiations would go forward or be brought to an end.
Cabinet nod not required after commerce ministry approval.
International single-brand retail companies are likely to shift to a new fee-based local partnership format in India from the present equity-sharing model, once the revised policy on foreign direct investment in this segment takes effect.
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