Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh on Tuesday said that interest rates may rise owing to higher inflation, but lending rates are unlikely to change in the next one month.
West Bengal government would continue to invite investments despite the controversy over acquisition of agricultural land for setting up industrial units, the state's industry minister Nirupam Sen said on Tuesday.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
Indian conglomerate Tata Group Chairman Ratan Tata has said that Tata Motors will have an electric car in the market by September this year.
Recently, the company had forayed into the segment of manufacturing accessories for ladies like handbags. At present, shoes for defence personnel were mainly procured from the unorganised sector.
"They (opposition parties) are not concerned about the development of the children of the country's poor. Their common minimum programme is to increase corruption for their family. Democracy means 'of the people, by the people, for the people'. But these dynastic parties have the mantra of 'of the family, by the family, for the family'. For them, their family is first, and the nation is nothing," he said.
Rakesh Mohan, deputy governor of the Reserve Bank of India, said on Monday that it was only after the central bank took a slew of steps that the decline in the economy was arrested and that inflation is not a concern anymore.
The well-known cricket statistician was re-elected for a second three-year term.
Mukherjee, 60, responsible for Asia, Africa, the CIS, mining, stainless and pipes and tubes, will retire on May 13, the date of the company's annual general meeting, a company release said. The board of directors will propose to the AGM of shareholders that he will be appointed as a non-executive member of the Company's Board of Directors effective from that date.
The unfinished AGM will be held in Kolkata to enable newly-elected office-bearers take over.
"I cannot tell Ratan Tata to go back", the West Bengal chief minister said while speaking at the annual general meeting of Bengal Chamber of Commerce and Industry in Kolkata.
Ex-head of BPL Mobile and currently a Rajya Sabha MP, Rajeev Chandrasekhar will be the new head of Ficci.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
The Tata Tech IPO will be the first from the Tata group since TCS listed its shares in 2004.
The meeting, slated for October 26, will not be held as the Supreme Court will hear the BCCI's appeal against the Madras HC order.
Ahead of the Lok Sabha polls, the Congress on Wednesday announced five guarantees for women, including annual direct cash transfers of Rs 1 lakh to one woman from each of the country's poorest families and 50 per cent quota in all new recruitments in central government jobs.
The IHF's senior vice-president pleaded that K P S Gill and K Jothikumaran be disallowed from participating in the elections.
After his inspirational showing in India's AFC Challenge Cup triumph fetched him the most valuable player award in the tournament, it came as no surprise when the All India Football Federation named Baichung Bhutia the country's player of the year at their Annual General Meeting in Delhi on Tuesday. The India and Mohun Bagan skipper, who first won the award in 1995, is the only player after I M Vijayan to win it twice.
"The government has imposed a lot of regulations, and is not permitting major technological upgrade," Tata said.
The RIL board had last month approved 1:1 issuance of bonus shares after a 12-year hiatus. The last time RIL announced a bonus issue was in October 1997.
BCCI is expected to hold a discussion on matters related to women's IPL at its annual general meeting in September this year. Much of the planning around the tournament will be around sale of its media rights.
India's tennis ace Leander Paes has been elected as one of the seven vice-presidents of Bengal Tennis Association (BTA). The Kolkata ace, who now lives in Mumbai, was not present at the Annual General Meeting on Saturday but has accepted the new role, which was offered to him sometime back.
Ambani said Reliance ended last year with a net debt of Rs 154,478 crore.
Chetram Singh will be unable to hold any ICC post because he is a bookie.
'We don't want to take away any right of the media.'
The BCCI's adjourned Annual General Meeting concluded in Kolkata on Thursday with the office-bearers taking charge.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Treasurer N Srinivasan is all set to take over as the Board of Control for Cricket in India's new secretary after incumbent Niranjan Shah steps down from the post at the September 27-28 Annual General Meeting of the Board in Mumbai following the expiry of his tenure. The present secretary Niranjan Shah would continue to work with the Board in a position yet to be decided.
Reliance Capital, a part of the Anil Dhirubhai Ambani Group, is looking to invest Rs 2,000 crore in insurance businesses in the next three years, which would take the company's cumulative investment in the sector to Rs 4,000 crore.
BCCI secretary Jay Shah took to his official Twitter handle to announce the historical development.
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
Kalmadi was unanimously re-elected president of the Indian Olympic Association for a record third consecutive term.
No one is saying the steel industry is out of trouble. The financial crunch continues, and coupled with high cost of input, severely affected the first-quarter profits of steel companies. But most agree with Tata that the signals are encouraging.
President-elect Ranbir Singh Mahendra said the AGM had to be adjourned as it could not complete its business because of a stay order passed by a Chennai court.
Tata Steel has a technical tie-up with Nippon Corporation for automotive steel production. Nippon is also helping plan the layout of its proposed steel plant at Kalinga Nagar.
Industry sources said Tata Daewoo Commercial Vehicle and Telco Construction Equipment Company might be the first off the block.
Inderjit Singh Bindra, a veteran cricket administrator, was on Sunday unanimously re-elected president of the Punjab Cricket Association (PCA) at the Annual General Meeting of the cricket body held in Mohali. M P Pandove, who is PCA's honorary secretary, was also re-elected unanimously.
N Chandrasekaran, chairman of Tata Consultancy Services (TCS) and Tata Sons, believes that the Digital India Act is a necessity. "The Digital India Act is a necessity because so much has changed over the decades since the original Information Technology (IT) Act was put in place. I am glad the government is developing a participative approach to developing the Digital Act," he said, while answering shareholders at TCS' 27th annual general meeting. Minister of State for Electronics and IT Rajeev Chandrasekhar a few months ago had said that the government would shortly roll out the Digital India Act - a renewed policy for the digital ecosystem and cyberspace in the country.
With huge liquidity in the money market, partly contributed by capital flows, the interest rates are expected to soften in the short term, according to Industrial Development Bank of India chairman V P Shetty.
