The government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
Consumption of cement, steel, and bitumen is to get a boost of Rs 42,000 crore (Rs 420 billion), as the National Highways Authority of India has announced to award 7,994 km of highway projects in the current financial year.
The government had pegged food subsidy at Rs 90,000 crore (Rs 900 billion) in the 2013-14 Union Budget.
People not having document based identity and address proof can avail of introducer-based enrolment.
Agriculture credit is likely to exceed the target of Rs 7,00,000 crore while farm exports are expected to increase to over $45 billion in the current fiscal, Finance Minister P Chidambaram said today.
VW was to invest Rs 1,000 cr, now sceptical about cost advantage
The National Highways Authority of India and the road transport and highways ministry are currently engaged in appraisal of the request for qualifications, said a senior ministry official.
Centre, states to share the amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020
The Indian Railways on Wednesday said it suffered an estimated loss of Rs 13,675 crore (Rs 136.75 billion) in the current fiscal on account of various social service obligations, including suburban and non-suburban services.
The market believes there will soon be another offer to buy the bonds.
The Indian operations continued their steady performance against a backdrop of lacklustre demand in the market place and increasing imports.
India's gold imports contracted by 18.4 per cent year-on-year to Rs 71,912 crore in theApril-June quarter of the current fiscal.
Coal India would be second company to hit the markets under the government's disinvestment programme.
Under the Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years while they will have to raise a further Rs 1.1 trillion from the markets to meet their capital requirement in line with global risk norms, known as Basel III.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Gandhi said her ministry has proposed that child sexual abuse victims be allowed to register complaints until they are 30.
With this acquisition, Airtel will be second company, after Reliance Jio, in the country to have pan-India presence in 2300 Mhz band
The total market valuation of the BSE-listed companies surged to an all-time high of Rs 107 lakh crore on Thursday.
With a string of deals with telecom service providers, DTH operators and Bollywood stars, Netflix goes all out to protect its turf in India and fend off competition, says Viveat Pinto.
... if high oil prices persist or stock prices correct sharply.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
S&P said Indian technology players will continue to grow at a slightly slower pace over the next two to three years due to technological disruptions.
The pending amount for current fiscal so far is Rs 68,032.21 crore.
State-run insurer LIC and private fund house Franklin Templeton have hiked their stake in Mukesh Ambani-led Reliance Industries by collectively buying about 23 lakh shares, currently worth an estimated Rs 200 crore (Rs 2 billion).
Israel-based Taro pharmaceutical industries became Sun Pharma's subsidiary on September 20, 2010.
With this, fiscal deficit during April-October, 2009 has already reached over 61 per cent of the targeted level of over Rs 4 lakh crore (Rs 4 trillion) for the current fiscal. The government is projecting fiscal deficit of 6.8 per cent of GDP for the current fiscal.
In just four days of auction, the bid for the pan-Indian broadband wireless access spectrum has gone up by three times to Rs 5,245 crore (Rs 52.45 billion) against the base price of Rs 1,750 crore (Rs 17.50 billion).
An oil painting by abstract artist Vasudeo S Gaitonde set a new world record for Indian artwork when it sold for a whopping Rs 29.3 crore ($4.4 million) at a Christie's auction in Mumbai on Tuesday.
The rates, on net calorific value (NCV) basis, dropped to $ 5.05 per mmBtu for six month period beginning April 1, 2015.
A large part of this investment, about Rs 5,000 crore (Rs 50 billion), would go to the Paradip refinery
Anticipating healthier economic growth, the Railways has targeted a record Rs 1.6 lakh crore in revenue for the next financial year, while no increase has been proposed in passenger fares and freight rates.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
Bharti Tele-Ventures on Wednesday announced measures for the relief and rehabilitation programme for victims of the tsunami disaster.
The government cut its disinvestment target by more than half for the current financial year and pegged the proceeds at Rs 36,925 crore for 2014-15.
The index options also touched a record high of Rs 4.9 lakh crore.
Following a go-ahead from the Court, the two entities have put in place a mechanism to auction these properties.
State-owned fuel retailers IOC, BPCL and HPCL are likely to lose Rs 65,000 crore on selling diesel, domestic LPG and kerosene below cost during the current fiscal, Oil Minister Murli Deora said on Wednesday.
Karti was arrested on February 28 by the Central Bureau of Investigation on his return from the United Kingdom, and his 12-day judicial custody was to expire on Saturday in the case.
ONGC has been making an annual loss of about Rs 700 crore (Rs 7 billion) on sale of gas at administered prices and hoped the government will soon decide on hiking the fuel price. the present price of Rs 3.2 per cubic meters that ONGC gets for gas produced from fields given to it on nomination basis, was not sustainable. Price of about 80% of gas produced by ONGC is regulated by the Govt. PetroMin had recommended 16% increase in price of gas produced by ONGC and Oil India.
Tata group brands, whose valuation is currently under way, are likely to be valued at about Rs 25,000 crore (about US $6 billion), according to a senior Tata Sons official.
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