The World Bank is eager to double its assistance to India to about $3-4 billion this fiscal, of which $2 billion could be for infrastructure development alone.
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
While the Trinamool government, led by Chief Minister Mamata Banerjee, tried its best to attract investors, including from Singapore, not much headway could be made.
In its final order, the environment ministry had concluded that the upfront payment of Rs 200 crore as Environment Restoration Fund for violations and damage done was not permitted under the Environment Protection Act. Consequent to this order, the penalty that could be imposed on any confirmation of violation in the future is a maximum of Rs 1 lakh.
Kamal Nath will need to watch his back because given the slender majority, there is no doubt that the BJP will try to topple his government.
Exuding confidence in Narendra Modi's leadership, IT industry veteran NR Narayana Murthy today said the new Prime Minister is "in a position to change the course of dialogue" on US visas for the over $118 billion industry.
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
Adani Enterprises has 14 resolutions to pass, Adani Ports & SEZ has 13, Adani Power 12.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs 21,153 crore (Rs 211.53 billion) as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.
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The anger against land acquisition is not only among landowners.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
The pace of the progress has been very slow over the last eight years.
Seeking to restrict gold imports, the Reserve Bank on Friday said nominated banks and agencies will not be allowed to import the precious metal in excess of their entitlements in first or second lot under the 80:20 scheme.
The industry status will help the sector access bank lending at average interest rates
Goods and Services Tax would usher in an unified indirect tax regime.
Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime
Swadeshi jeans will be entirely made of cotton with no addition of any kind of synthetic material
Pawan Verma contended that PSU banks are influenced to give loans to the people who are not able to repay them.
Ridiculing Odisha government's claim that land acquisition for the proposed Posco project near Paradip was complete, CPI-backed Posco Pratirodh Sangram Samiti (PPSS) said demolition of betel vines did not mean taking over possession of farmers' land.
The company will move ahead with plans to have second campus on Sarjapur Road.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
India is ranked below Bhutan and Sri Lanka in terms of broadband penetration, says TRAI.
Women of the family rush to become directors of firms to meet Sebi deadline.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
Ahead of the upcoming Maharashtra Assembly polls, the Centre has pushed another big ticket infra project for the state with Union Minister Venkaiah Naidu saying that the groundbreaking ceremony of the city's Colaba-Seepz Metro project will be held soon.
The Goa Investment Promotion and Facilitation Board, the BJP's brainchild, has been able to create only 1,500 jobs
Infosys is developing three more projects at Electronics City.
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Imports of gold virtually stopped since July 22 after confusion on the new import rules.
Hyderabad is perhaps one of the most affordable cities among all tier 1 cities of India.
The S&P BSE Sensex plunged 128 points to end at 25,102.
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
'Under Modi Ji's 'Jan Dhan Loot Yojana', another scam!' he tweeted.
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL
Stocks and sectors impacted most by GST.
