The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
A summary of sports events and persons who made news on Saturday
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
Companies must have a plan to mentor people close to superannuation.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
A summary of sports events and sports persons, who made news on Friday
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Indian golfer Anirban Lahiri got off to a brilliant start at the European Tour's six-round Qualifying School Final Stage with a flawless five-under 65 at the par-70 Purple course and was placed second overall among the 156 starters.
Hyderabad-based Anshul Sinha is making hard hitting films on important social issues, but there are no takers.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Anyone who has specific and definite information on black money can share it with Supreme Court-appointed Special Investigation Team going into the issue that can crack down on those stashing money abroad and at home.
The regulator has put a cap on the business a bank can get from a single insurer.
Leaving it to Parliament the issue of amending laws to provide heavier penalty on banks indulging in such acts, RBI Governor D Subbarao also dismissed perceptions that the central bank was going soft on errant banks.
Burman did not file the details of foreign account on the ground that he did not have its statements.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
The changes in the ordinance have been made after taking inputs from states suggesting changes to the Act which would make it more industry-friendly
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
The Sensex ended below 28,000 for the second straight day at 27,869.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Pranjul Bhandari, Chief India Economist, HSBC, speaks about a range of issues ranging from inflation, to how Goods and Services Tax and land acquisition bills can help India hit double digit growth, and her impressions about economic growth in the last one year after Narendra Modi took over as India's Prime Minister.
Move could be aimed at integrating operations with Indian subsidiary.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
Any change in rates would mean more volatility; else, poll outcome-fuelled rally expected to continue.
The Swiss National Bank, the country's central banking authority, has estimated the funds currently held by Indians in Swiss banks at a mere $1.98 billion. Fear of disclosure due to greater scrutiny of this illicit wealth has played the main role in the flight of capital.
The broader markets, however, outperformed their larger peers.
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The market regulator is wielding an unprecedented level of control over how mutual funds operate, delaying new launches and dictating investment strategy, frustrated insiders in the embattled industry say.
Vistara has poor load factors currently, it needs to bring down fares a bit to improve flight occupancy.
'If you ask me what is God, I'd say, God is Mr World.'
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