Key government departments have come to a consensus on the definition of a "group company" in the context of foreign direct investment (FDI) in the wholesale cash & carry trade. Under current policy, while 100 per cent FDI is permitted in wholesale trade, a cash & carry entity can sell only up to 25 per cent of its turnover to group companies.
For over a year Sanjay Chandra, managing director of the Unitech group, has been under a cloud for various reasons.
The bulk of the 40,000 employees of Prasar Bharati, radio and television, went on a two-day "duty boycott" yesterday. The unions said the strike was near-total and more than 1,700 of the 1,800 stations (1,464 television stations and 336 radio) remained inoperational on Wednesday.
Telcos say tariffs could be cut by up to 20 per cent. While post-paid customers constitute only 5 per cent of the total customer base of 670 million, they make up over 15 per cent of revenues thanks to their relatively higher average revenue per user (Arpu).
Harry Potter has a dedicated fan following while Guzaarish is still picking up.
A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.
GE India is embarking on a major localisation drive under which 60-70 per cent of the products that it sells will be manufactured in the country in the next five years. At present, the localisation is about 10 to 20 per cent.
The festive season lit up sales numbers of direct-to home (DTH) television service providers, with nearly two million subscribers added in a month.
Even as the profit margins swelled for most media conglomerates on the back of robust growth in advertising and subscription revenues for the second quarter ended September, companies running television news channels had an uphill time.
The two companies will acquire 70.4 per cent stake in CarWale. They, however, declined to specify the investment being made.
The two companies will acquire 70.4 per cent stake in CarWale. They, however, declined to specify the investment being made.
State-owned National Aviation Company of India Ltd (Nacil), which runs Air India, has approached the government to raise $2.3 billion through external commercial borrowings (ECBs) as part of a plan to restructure its high-cost working capital debt.
Buoyed by India's response to its super-machines, iconic American superbike maker Harley Davidson is setting up an assembly unit at Bawal, Haryana. This will be its second plant outside the United States, after Brazil.
Regulator wants the power to fine errant telecom companies.
After Research In Motion (owners of BlackBerry), the home ministry will now turn the screws on Microsoft, Google, IBM and Oracle. These companies provide technology and services for the virtual private networks (VPNs) run by various operators in India. The government will ask them to conform to regulation that allows intelligence agencies to lawfully intercept data. Failure to do so could result in the termination of VPN services by operators using their technology.
The Reserve Bank of India (RBI) has thrown a spanner in the works of a government proposal to liberalise the pricing guidelines of hybrid securities such as foreign direct investment (FDI)-compliant instruments.
The interest expressed by viewers in the opening ceremony has, in the meantime, encouraged Doordarshan to raise rates for airtime on the channel almost three times.
General Motors India is aiming to increase sales three-fold over the next three years, with the five new models it is planning to launch in collaboration with Shanghai Automotive Industry Corporation.
The opening ceremony of the Commonwealth Games (CWG) 2010 has saved the day for Suresh Kalmadi and company. A record 29 million viewers tuned in to watch the telecast on Doordarshan on Sunday.
The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing.
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