At the bank's current market price, the stake on offer is worth about Rs 5,700 crore
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
Prime Minister Narendra Modi on Tuesday held a meeting with ministers of state with independent charge
'Antony and I have been friends for over half a century, and I know the man does not tell lies. The problem is that what he believes to be the truth might not actually be true. He may believe that India needs the Congress, and that the Congress in turn needs the Nehru-Gandhi family, but that does not mean that India shares those articles of faith,' says T V R Shenoy.
Amid anti-Telangana agitations impacting power supplies in Andhra Pradesh, the Union Power Ministry has set up a special team to monitor the functioning of electricity grid the state.
The move is aimed at making it easier to do business in India.
India is, indeed, particularly vulnerable to this menace.
Companies use journalists as conduits.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
The index had risen over 585 points in the previous three sessions.
Delhi Police Crime Branch raided the office of a petrochemical co.
Prime Minister Narendra Modi who inducted 19 new ministers into his Cabinet on Tuesday has carried out major changes in the portfolios of his top ministers.
As many as 20 new faces are expected to be inducted into the Union Council of Ministers on Sunday in the first revamp exercise which is likely to bring in BJP leaders Manohar Parrikar, Mukhtar Abbas Naqvi, Rajiv Pratap Rudy and Bandaru Datttatreya while elevating a few.
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The Finance Ministry has filed the offer document with market regulator Securities and Exchange Board of India for the Central Public Sector Enterprises ETF, which could fetch the exchequer about Rs 3,000 crore (Rs 30 billion).
'We are facing a crackdown for more than a year. Our permission to collect funds was cancelled. Our bank accounts were frozen.' 'We believe that our work in India is very important. We want to be the environment watchdog. We do not want to waste time fighting legal battles.'
Chidambaram first met bankers and industrialists in Mumbai to seek ways to revive slowing economic growth.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
The Central Bureau of Investigation is likely to press before the Supreme Court that its demand for autonomy is legitimate and will pave the way for curbing interference in its functioning, two days after the government junked the agency's proposal for more power for its director.
Home Minister Sushilkumar Shinde and his deputy Minister of State for Home RPN Singh on Wednesday rejected the allegation levelled by 2007 Ajmer blast accused Bhavesh Patel that they had pressured him to implicate top Rashtriya Swayamsevak Sangh functionaries in the case, saying they do not know him.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
Apart from Smriti, Ravi Shankar Prasad and Ananth Kumar took over as law and parliamentary affairs ministers respectively.
India, the bank's second biggest shareholder after China, is looking to borrow from the AIIB.
The bank guarantee, which will be equivalent to the incremental revenue that RIL will get from the new gas price, will be encashed if it is proved that the company hoarded gas or deliberately suppressed production at the main D1&D3 fields in the eastern offshore KG-D6 block since 2010-11.
For the urban population, recalibration of ATMs has already started and they will start dispensing the new Rs 2,000 currency notes from Monday or Tuesday.
While India allows 100 per cent FDI in a large number of the sectors, there is a ceiling on foreign investment in sensitive segments like multi-brand retail, insurance, defence and telecom.
The decision to auction Taj Mansigh brings to an end a six-year-old tussle between the NDMC and Tata Group, which has operated the landmark property for nearly four decades.
There has been a quantum jump in the number of complaints of corruption received by the Central Vigilance Commission last year as against those in 2011.
India as a large country should have inter-modal connectivity, which will help us make travel easier, safer and seamless. That is how you will also gain. You will gain more money, make more revenues, says Praful Patel.
The power minister briefed the investors on various steps undertaken by the government.
This is the BJP's first full-year Budget.
The centre's promise of a new deal for the states is a welcome development.
In his meeting with the secretaries of all government departments, Prime Minister Narendra Modi gave the top bureaucrats space and time to voice their expectations from the new administration besides listing areas needing urgent attention.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
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Conservation of energy dominated Ghosh's thoughts ever since he completed his Masters in Energy Science and Technology from Jadavpur University early 2000.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered
This kind of growth will turn India into a $8 trillion economy.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
