Finance Ministry has asked excise and service tax officials to exercise caution while summoning CEOs and top functionaries of large firms or PSUs for probing any revenue cases.
Nearly 30 per cent of petrol pumps in Delhi and about 100 in Mumbai went without petrol and diesel, while there is a minimum 7-day wait period for delivery of domestic LPG gas. Meanwhile, after Delhi and Assam, Gujarat, Rajasthan, Uttar Pradesh and Maharashtra invoked ESMA to ensure uninterrupted fuel supplies.
facilities at Bangalore one understands the financial year end frenzy at these establishments and the slipshod slippages in timeframes, quality of overhaul, servicing and quality control across the board, for aircraft and equipment alike,' says Group Captain Murli Menon (retd).
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
Irked by the response of Reliance Industries on resolving an issue coming in the way of the gas contract, power PSU NTPC on Friday said it is talking to Mukesh Ambani led company to lift fuel alloted by the government.
After years of disappointing growth, the economy and the markets are poised for a breakout, notes Akash Prakash.
Executives from private companies such as Shell and Blackstone are likely to be invited for interviews for the post of chairman and managing director of state-run Oil and Natural Gas Corporation.
Boeing is likely to vie for the deal to supply 110 fighter jets to the IAF in one of the biggest such procurement in recent years globally which could be worth over USD 15 billion.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
IBP Co Limited, an oil marketing PSU and subsidiary of the Indian Oil Corporation, will spend around Rs 450 crore in the current financial year to open 800 new retail outlets in the country.
India has witnessed a spectacular growth in the refining sector over the years. Today, there are 14 refineries in the country, 13 in the public sector and one in the joint sector, with an install capacity of 60.4 million tonnes per annum. Presently India is undergoing major economic and industrial reforms for integrating its economy with the global economy. In the liberalised scenario, the hydrocarbon sector has been identified as one of the main areas of the focus.
With the Power Ministry seeking Cabinet's nod for Power Finance Corporation's initial public offer, the state-run company has firmed up plans to conduct road hows for attracting investors toward the issue.
In a development that could deliver a setback to Reliance Industries, the Bombay high court on Monday allowed power PSU NTPC to amend its petition, seeking implementation of a gas supply agreement.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
Steel companies have reduced flat product prices by Rs 500-1,000 a tonne across categories in keeping with market conditions.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The year gone by saw the high and mighty of the corporate world face the music in the Delhi High Court which held that the telecom majors are amenable to CAG audit and Mukesh Ambani's RIL struggling hard to get rid of an FIR lodged on gas pricing by the 49-day-old AAP regime.
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
Bharat Heavy Electricals Ltd is 'overburdened' and more equipment manufacturing companies are needed to achieve the 11th Plan target of adding 66,000 MW of fresh generation capacity, a top government official said on Monday.
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
National Aluminium Company had said on Friday that its power units, capable of generating 960 MW, had to be shut down owing to serious coal crisis.
The heavy industries ministry has virtually consented to finance ministry's suggestion for part divestment of government equity in blue-chip PSU Bharat Heavy Electricals Ltd and auto joint venture Maruti Udyog in the current financial year.
Rediff readers share their interesting stories about the first salary and what it taught them.
Cairn India is actively considering the option of evacuating its crude oil from Rajasthan through Viramgam in Gujarat
Tata Consultancy Services on Tuesday toppled IT major Infosys to become the country's most valued IT firm.
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
'Secrecy allowed in the electoral bonds scheme legalises anonymity'
The S&P BSE Sensex has gained 149 points to open at 25,802.
Oil and Natural Gas Corporation is in talks to acquire oil properties abroad worth $15 billion, company chairman Subir Raha said on Friday
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
