Dabhol's assets will be demerged into the power plant and the LNG terminal.
Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
The Bharatiya Janata Party's bypoll win in four of the six seats it contested has invigorated the party ahead of assembly polls in Gujarat and Himachal Pradesh.
Showing keenness on a general consensus on the issue of stopping forceful religious conversion, BJP President Amit Shah said a bill can be brought in parliament for the purpose if "so called" secular parties extend support.
The Supreme Court Wednesday sought a response from the Future group on Amazon's plea against the January 5 order of the Delhi high court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms, Future Coupons Private Ltd (FCPL) and Future Retail Ltd (FRL) and said that it will hear the matter on February 23 "without any adjournment". The Delhi high court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's Rs 24,500-crore deal with Reliance.
States' demand for 5 years and Constitutional provision ruled out
'People will say a lot of things -- ignore the noise.'
Two bills which seek to scrap a total of 1053 Acts are pending the Rajya Sabha since the budget session.
A little over a year after it retained power in Kerala with a massive victory, the CPI-M-led Left Democratic Front suffered a huge setback on Friday in a bypoll held to Thrikkakara assembly constituency, with Congress candidate Uma Thomas winning with a historic margin of 25,016 votes, giving a boost to the morale of the party-led United Democratic Front in the southern state.
The former finance minister was in Mumbai to address Congress party's poll rallies.
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The cap on FDI in retail has been totally removed, while the limit in insurance sector has been enhanced to 46 per cent.
Presence of Fadnavis will be keenly watched in view of recent tug of war between his home state Maharashtra and Bihar over death of Sushant Singh Rajput, a Patna born Bollywood actor.
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
Chinese President Xi Jinping has stressed the need for the recruitment of new talent to support the rapid modernisation of the armed forces and win future wars amid reports that the military has committed more resources to enrol 3 lakh personnel for frontline positions.
"I was standing outside my car with the door open. I was going to a temple there to offer my prayers. Few people came around my car and pushed the door. The door hit my leg," she said.
Two pleas were filed in the Supreme Court on Wednesday over the tractor rally violence on Republic Day, with one seeking the setting up of a commission, headed by a retired apex court judge, to inquire into the incident, while the other urged it to direct the media not to declare farmers as "terrorist" without any evidence.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.
The Delhi high court Wednesday expressed its displeasure over the use of the term jumla by former Jawaharlal Nehru University student Umar Khalid in his criticism of the prime minister while delivering the speech.
India's gross domestic product grew at a decade low of 5 per cent last fiscal.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
With Prime Minister Narendra Modi emphasising the need to kick-start investment in the country, the project monitoring group (PMG) under the Cabinet Secretariat has asked various government departments to start monitoring projects for which clearances have been facilitated through this mechanism.
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
Playing down reports of a poor response to removal of the decades-old one-child policy, China on Tuesday said that besides generating a labour force of 30 million by 2050, the new policy could also boost stagnating growth in the world's second-largest economy.
India will extend the visa-on-arrival facility to all countries except eight with effect from September. The countries not covered under this single-entry e-visa facility, meant for purposes other than paid employment and education with a one-month time limit, are Pakistan, Sudan, Afghanistan, Iran, Iraq, Nigeria, Sri Lanka and Somalia. The facility is currently available to 11 countries, including New Zealand, Singapore, Luxembourg, Japan and Finland.
However, despite the surge, the average income of banking correspondents has taken a beating due to the low value of transactions.
Uber valued at $53 billion, is looking at more than 50 per cent market share in India by the first quarter of 2016.
In a politically-significant move, Prime Minister Narendra Modi has reconstituted a government committee on commemoration of the 125th birth anniversary of Jawaharlal Nehru which will be headed by him, replacing his predecessor Manmohan Singh.
As the new year arrives, the Bharatiya Janata Party's finds itself on the cusp of the most consequential cycle of state polls since the 2019 Lok Sabha elections as the results will tell if the road ahead in its bid for a third straight term at the Centre is getting any bumpier or a strong opposition challenge remains elusive.
The Telangana Group of Ministers on Friday reviewed the progress made by the Andhra Pradesh government with regards to the bifurcation of the state on various fronts.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
President Pranab Mukherjee gave a touching farewell to 'gentleman' Manmohan Singh, recalling their four-decade-long association from Singh's bureaucracy days till he became the prime minister.
He accused the previous governments of being sluggish on implementing railway projects and said the work of ambitious eastern and western dedicated freight corridors expedited only in the last six-seven years.
India and five Central Asian countries on Thursday decided to establish a joint working group on Afghanistan at the senior officials' level, ministry of external affairs secretary (West) Reenat Sandhu said.
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
The aircraft carrier is China first domestically-built ship. Shandong is bigger than China's first aircraft carrier Liaoning and could house 36 fighter jets.
Dr Bhabha and Dr Sarabhai didn't feel guilty for their ambitions; it was for those 'mad scientists' that India is a powerhouse -- both at the atomic level and in the vastness of space, observes Kumar Abishek.
Polling in Rajarajeswari Nagar constituency has been deferred to May 28.
The Supreme Court Wednesday refused to entertain pleas seeking time-bound probe, including by an apex court-appointed commission, into the tractor rally violence in the national capital on the Republic Day saying the government is already inquiring the matter and the Prime Minister has stated that law will take its own course.
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