Dikshit has to allow the huge tariff hike, or subsidise BYPL. There is no other choice.
The Foreign Investment Promotion Board has expressed dissatisfaction with the replies given by Hutchison Essar, its Hong Kong-based parent Hutchison Telecom International
Opening another line of inquiry into the Hutch-Essar shareholding structure, the Foreign Investment Promotion Board (FIPB) is looking into the call options that would together give Vodafone a further 15.03 per cent proportionate indirect equity owner
Says cap breached on account of Singh, Ghosh stakes.
The recommendation from E&Y has been made even as its own role in clearing the original bid has come in for censure.
The FIPB referred the matter to the law ministry today.
Power Finance Corp official overseeing project eased out.
The latest estimates of poverty reduction in the country, put out by the National Sample Survey (NSS), are unique in that they have not been welcomed by anyone.
British Telecom of the UK is considering a low-powered global system for mobile communications service in India, which can bring down the costs significantly on calls made by mobile phones inside offices.
A sharp dresser, with a prominent jawline, Kohli will now have to contend with aggressive competition from Vodafone-Essar, perhaps the toughest so far in his career.
Commerce Minister Kamal Nath has done a great job to try and break the Doha deadlock and get the leading players to now set a new deadline to get things sorted out, but if he is serious about things, India needs to change its tactics somewhat.
The Department of Industrial Policy and Promotion in the commerce ministry has asked state governments and central ministries to re-examine and streamline existing procedures, so as to provide a hassle-free environment for business.
Market volatility has prompted the government to postpone the disinvestment of its residual 10.27 per cent stake in Maruti Udyog Ltd to the next financial year.
The Foreign Investment Promotion Board has forwarded complaints against duty-free operator Alpha Airports group to the home ministry and the Directorate General of Export Promotion.
On the other hand, outsourcing companies can expect an exponential increase in the outsourcing business as fresh loan processing norms are tightened in the US.
As a prelude to a new partnership agreement, senior Vodafone and Essar executives have held joint meetings with officials in the government, including the finance ministry.
Despite the missive on the impact of foreign retail on the small kirana shops in the country written by Congress President Sonia Gandhi to Prime Minister Manmohan Singh, everyone in the government knows that it was never to be taken seriously.
The inflation bogey that stalked the government earlier in the week appears to have lost force, with the wholesale price index declining to 6.05 per cent for the week ended February 17, 2007, against 6.63 per cent for the previous week.
For starters, the application to the commission will have to be made together with the payment of the tax liability. The application can be made only before the assessment officer has completed proceedings, and not after.
There is the larger issue of whether PSUs should be going through such elaborate tendering procedures when no private company follows the same procedures. In today's ultra-competitive world, it does seem an invitation to disaster.
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