'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.'
Inputs by the Petroleum Ministry were found among stolen documents.
Sebi also ordered freezing the voting rights and corporate benefits of promoters of these companies.
Since the US, the second biggest emitter of greenhouse gases after China, has shifted in a major way to shale gas, the focus of global environmentalists' ire has fallen on India, which is the third biggest emitter, reports Darryl D'Monte.
The pricing and marketing freedom for exploitation would be capped by a ceiling price.
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
The Delhi Police on February 20 arrested five corporate executives.
The crackdown in the corporate espionage case led to the arrest of another person on Monday.
The UAE central bank will then make payments in dirhams to Iran.
Those for power sector to see tussle between prior owners & new challengers
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
Leaks of documents are neither new nor limited to particular ministries.
The states will get over Rs l lakh crore.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
Cover inadequate for even one refinery.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
Wondering if mutual fund investments can earn you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'No private citizen can be prevented from holding or propagating in India or abroad, a view contrary to that of the government of the day. The government, it seems is misreading the mandate in the Lok Sabha as being a mandate to crush dissent. In times when ruling parties have brute majorities in Parliament, the true test of safeguarding democracy is its ability to allow dissenting voices to be heard,' says Indira Jaising, the former additional solicitor general.
The government has a two-pronged strategy for e-auction of cancelled coal blocks.
Tata, Adani, Lanco to be hit as Indonesia may ban export of low-grade coal
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
APAs are part of govt's aim to move to a non-adversarial tax regime.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
New SDR norms allow promoters to manage debt-laden firms.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
'Greenpeace has been brutal in targeting both India and the Manmohan Singh government. The push to go after Indian coal is driven by its long-term agenda. What is surprising is that China has not been meted out the same treatment, despite the fact that the rise of China as an economic power has been built around generating power from coal. 'Being richer and more affluent, yet far less democratic, there is less room for an NGO such as Greenpeace to drive home a complicated global agenda, so there is more of a tendency to go along with anything the Chinese offer despite China being the biggest by far with regard to coal use. But for India, it reserves tougher prescriptions, notably for its middle class, says Srinivas Bharadwaj.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
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