Surprised over reports that Pakistan Foreign Minister Shah Mahmood Qureshi had invited him for tea at the Roosevelt Hotel, External Affairs Minister S M Krishna has said that he never received any such invitation. "If he has invited me, then I don't know the mode of invitation through which it was conveyed to me, but let me be very honest that I have not received any invitation," Krishna told PTI.
Saurabh Agrawal, managing director and head, investment banking, has reason to feel pleased with his team at DSP Merrill Lynch -- his firm tops the M&A league table and should secure itself a reasonably good ranking in the debt and equity fund-raising sweepstakes by the time the year draws to a close.
At the same time, Indian companies with a majority foreign shareholding could find it difficult to make 'downstream' investments since the new guidelines do not distinguish between different forms of capital and treats them as FDI. So, a company with high non-FDI foreign capital was considered an Indian entity. Now, they will be considered foreign-owned and their downstream investments will have to follow sectoral restrictions.
Andhra Pradesh ranked No.1 with regard to the total number of investments made in textile projects this year, a study conducted by Confederation of Indian Industry-Southern region said.
The Centre has ordered a probe into how a crude bomb found its way into the cargo hold of a Kingfisher flight in a "major breach of security", Civil Aviation Minister Praful Patel said on Tuesday.
The International Cricket Council (ICC) on Thursday introduced anti-racism and anti-corruption codes in its revised Code of Conduct to maintain and promote "fair play and multiculturalism".
Murthy joins the league of top corporate honchos who have launched private equity funds to assist budding entrepreneurs and upcoming ventures across various sectors in India.
A Pakistani journalist claims to have been receiving life threats from an American agency for critically writing against the Obama administration and for reporting its secret operations in the country.
Shameem Akthar, yoga acharya, trained with the Sivananda Vedanta Yoga Center, will show you five bird poses from yoga which will liven up your practice and lighten your body and mind.
The government will create an 'empowered mechanism' to expedite investment proposals of Rs 11 lakh crore (Rs 11 trillion) in the steel sector, steel minister Virbhadra Singh told reporters after taking charge of the ministry. His key priority, the minister added, would be to increase production and consumption and ensure optimal utilisation of raw material by producers.
The returns in Mutual funds get adversely impacted by currency movements.
An aide of Fransisco Pacheco has moved the Bombay high court in the case relating to the death of Pacheco's friend Nadia Torrado, claiming that the former Goa minister was being falsely implicated. The Goa bench of the high court has fixed the date of the hearing of the petition filed by Lyndon Monteiro, officer on special duty to Fransisco Pacheco, on June 14. The OSD in his anticipatory bail plea has said the former minister is being falsely implicated".
Reliance Industries (RIL), which raised Rs 2,675 crore (Rs 26.75 billion) through the sale of treasury shares on Monday, is looking to generate a similar amount over the next few weeks by selling more stock to institutional investors.
The Haryana Police FIR came four days after Ruchika's brother filed a complaint with the cops for abetment of suicide against Rathore.
The role of a leading stockbroker in management of funds of the firm had surfaced during the probe.
"The fire broke out in the chemical lab on the third floor of the Modular lab at the BARC," director and AEC chairman Sreekumar Banerjee told PTI. The Fire Brigade and police are yet to ascertain the cause of the blaze, which broke out on Tuesday afternoon. Fire tenders were rushed to the spot and the blaze was doused within 45 minutes.
GramIT, rural business process outsourcing initiative of the Byrraju Foundation, is in talks with various funding agencies 'to expand the scope and presence of its rural BPO services,' said foundation's lead partner Verghese Jacob. Byrraju Foundation is the NGO outfit formed by Satyam Computer Services founder B Ramalinga Raju in his personal capacity.
U K Sinha's six-year tenure as chairman of Securities and Exchange Board of India ends later this week. Sinha held his last press conference in Mumbai on Monday, where he spoke on wide-ranging issues and his biggest regret.
The aim is to provide information that is relevant for economic decision-making by inves-tors and creditors. The information is also used to evaluate management in its stewardship function. It is expected that the infor-mation in financial report should be presented in such a manner that it is easy to comprehend and analyse.
The salaried usually do not have any extra record and hence they need some special effort, otherwise they might end up paying interest for no payment of advance tax.
In a unique initiative, students from IIM-Ahmedabad will work with Communist Party of India - Marxist politburo member Sitaram Yechury and help in planning for the Member of Parliament Local Area Development Scheme this year. They will be involved in the National Rural Employment Guarantee Scheme and Sarva Shiksha Abhiyan. Provisions of the Right to Information Act will be analysed. Students will assess funds spent by the constituency and create a monitoring system.
Emotions should not drive your investment strategy and there's a way of ensuring this doesn't happen, says Amar Pandit.
Wipro Ltd, a relatively late entrant in the lucrative information technology outsourcing market in Australia, is planning to hire more locals.
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
Fierce competition among financial institutions and strict regulatory actions are ensuring that your investment costs have started falling.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned.
A UK government-funded organization British Midland, dedicated to attracting international businesses to the region comprising East Midlands and West Midlands, is eyeing around 40 investors from India across various sectors in the next three years.
The Maharashtra government has said the state is the most favourable investment destination in India, quoting the AT Kearney FDI Confidence Index Report.
What must be worrying the mandarins in the North Block is that the reply of the finance ministry completely contradicts the decision of the SAT in the Goldman Sachs case. Surely we are in for interesting political times.
The seven were arrested from the Dhomdoma area in the Nalbari district and had been handed over to the Guwahati police for interrogation, district Superintendent of Police Jitmol Doley said.
Still comparatively new, but the funds do broaden choice.
American investments in West Bengal are likely to suffer to a certain extent due to the Singur issue.
Delisting in India is protected by one of the strongest laws in the world. According to the new Sebi delisting regulations, delisting can happen only in the rarest of rare cases.
People who do not want to go all the way to sexual intercourse can still be more sexual, more intimate, and even more orgasmic with their lover, thanks to what sex experts call an 'outercourse'.
One year after the Insurance Regulatory and Development Authority's (Irda) allowed insurance companies to invest in venture capital (VC) funds, no insurer has shown interest in funding VCs.
A host of Indian companies, including Reliance Industries (RIL), Videocon, Moser Baer, Titan Energy, KSK Energy Ventures and Signet Solar, have submitted proposals worth over Rs 60,000 crore to the government for manufacturing wafers, polysilicon, solar cells, solar photovoltaic modules (SPV) and liquid crystal display (LCD) for semiconductor devices.
Midas Touch Investors Associations will move the Supreme Court against the decision of the National Consumer Disputes Redressal Commission, which rejected its plea for compensation of Rs 4,987.5 crore
The new foreign direct investment guidelines may be revised with respect to the banking sector to avoid an adverse fallout for Indian banks with majority foreign equity.
The entertainment district will house theme park attractions, a movie palace, unique hotels and many other unique Indian genre entertainment concepts themed around the YRF banner. The first phase of the district is scheduled to be completed by 2012, said Yash Chopra, chairman, Yash Raj Films. However, details of the investment were not disclosed.
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