President Pratibha Patil's son is fighting on a Congress ticket against the powerful two-term sitting Member of Legislative Assembly and Maharashtra Finance Minister Sunil Deshmukh, who has quit the party to contest as an independent. A R Rahman made it a part of his Oscar awards acceptance speech. But not many imagined that the politics of Amravati would revolve around Salim-Javed's immortal dialogue in the Hindi blockbuster Deewar: "Mere paas maa hai!"
Slow domestic growth, global ambitions will prompt deals similar to MTN, say analysts
Jet Airways expects to raise over Rs 1,000 crore by selling 2.5 acres of premium land it owns in the Bandra-Kurla area in Mumbai. The move will partly help the company to raise about $400 million (roughly Rs 2,000 crore) to cut its debt burden of Rs 15,885 crore.
Permission for dual listing would require full capital account convertibility and therefore changes in regulations under the Foreign Exchange Management Act.
The deal, which will be the largest in the global telecom space, will be subject to South African government approval.
After voting with sworn political enemy Bharatiya Janata Party (BJP) against its one-time ally the United Progressive Alliance (UPA) last year, the Left is again considering floor co-ordination with the BJP in Parliament.
Airline managements are divided on the likely impact of the settlement of the Jet Airways imbroglio.
The government has sought to put an end to the ambiguities in the implementation of Press Notes 2 and 4, which significantly relaxed foreign direct investment (FDI) guidelines, with the Commerce Ministry requesting the Reserve Bank of India (RBI) to make changes in the Foreign Exchange Management Act (FEMA) to operationalise the guidelines. The direction from the government follows a number of references and queries from investors.
Claim breach in procedure, demand probes; Reliance denies charge
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
Eases regulatory hurdles for Bharti-MTN deal.
The retraction was preceded by a shouting match between Finance Minister Pranab Mukherjee and Railway Minister Mamata Banerji, who had threatened to walk out of a Cabinet meeting protesting some provisions in the Bill earlier this month.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
'We want to make Bengal an automobile hub.'
Airline losses have more to do with their business models than the price of aviation fuel.
As the Congress brass is gearing up for the Cabinet reshuffle after the current Parliament session, Prime Minister Manmohan Singh has sought TC chief Mamata Banerjee's suggestions for her party's new nominee. Banerjee has conveyed to the PM and Finance Minister Pranab Mukherjee that she has nominated Sudip Banerjee for this slot.
Acting against the wishes of the entire state unit of the Congress and even senior central leaders, Gandhi decided to give two prestigious Assembly seats, Sealdah and Bowbazar, to the TC, on Saturday night. Byelections to these seats are slated for this month.
Congress president Sonia Gandhi on Thursday stepped in to ensure cabinet ministers don't keep their junior ministers idle but give them more work to do.After reading out her written speech in the Congress Parliamentary Party meeting in New Delhi on Thursday, Gandhi made an unusual impromptu addition over this issue. According to insiders, Gandhi -- in the presence of Prime Minister Manmohan Singh and most of the Congress cabinet ministers -- pitched for Ministers of State.
MTNL will be one of the few big telecom companies in the world to allow competitors to offer their brand on its network.
Airline asks for Rs 7,000 cr; may get half subject to conditions.
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