The proposed FDI of Rs 503.37 crore (Rs 5.03 billion) by ArcelorMittal, Netherlands, has been approved by the Foreign Investment Promotion Board, the finance ministry said in New Delhi.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
Only 32 departments had prepared and submitted these plans.
This is the first coal scam case in which the special court has delivered its judgement.
The proposals under consideration include waiving the current 5 per cent Customs duty on naphtha and reducing the excise duty on mono ethyl glycol from 8 per cent to 4 per cent. The Cabinet secretariat has sought views from various ministries and departments for this package.
Under attack for several files pertaining to coal block allocations going missing, Coal Minister Sriprakash Jaiswal said that he had asked officials to locate the missing papers by Tuesday and hinted the Central Bureau of Investigation may be asked to look into the case after that.
On the direction of Prime Minister Narendra Modi, the Union Home Ministry is on a cleanliness drive and, in less than a month, has destroyed nearly 1.5 lakh files that had gathered dust for years.
The damaged drone was recovered in Mahawa village based on the information given by one of the four people the state police arrested on Sunday.
During April-August, the eight sectors grew by 4.4 per cent, against 4.2 per cent in the year-ago period.
The Reserve Bank of India has started a review of the non-performing asset or bad loan classification norms to ease the flow of credit to corporate groups.The move follows a reference from the government and is aimed at relaxing the norms temporarily to enable companies to access funds during the economic downturn that is putting pressure on cash flows and repayment capabilities.The review has been sought by the finance ministry following appeals from various industries.
The government today said it will look into the matter relating to a ship named SS Oceanic carrying 250 tonnes of asbestos, which is reported to be heading towards the Alang shipbreaking yard in Gujarat.
Prime Minister Manmohan Singh on Monday assured Steel Minister Ram Vilas Paswan of enhanced security, a day after a landmine blasted his security vehicle in the Maoist-infested West Midnapore in West Bengal.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
A raise in the I-T exemption limit has been sought by many.
The growth rate in September was highest since May when it was 4.4%.
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
Ahead of Congress President Sonia Gandhi and BJP's Prime Ministerial candidate Narendra Modi's rallies in Chhattisgarh on Wednesday, security forces averted a possible landmine explosion, as they diffused two Improvised Explosive Devices weighing 50 kg in the Dantewada area of the state.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
Karnataka and Andhra Pradesh in the south, and Rajasthan and Gujarat in the west, are the country's top producers of limestone
A farmers' association of Tirunelveli district had filed the petition claiming that EIA was mandatory for the project to be implemented in 16,000 acres of land, of which around 3,000 acres would be on the sea shore.
Major corporates are staring at an uncertain future after investing substantially on their projects
Goa may resume iron mining in two months after green nod.
A day after the Supreme Court ruled that it was up to the prime minister to not induct those with criminal record into his Cabinet, Rediff.com examines how serious are the charges against some of Narendra Modi's ministers.
The average rating was seven out of 10.
Or Iran may face the risk of losing its biggest client
The Central Bureau of Investigation will register a preliminary enquiry within two days in connection with missing files related to coal block allocations.
'I feel more like a chess player, thinking for long hours how to make the next move," Telecom Secretary Aruna Sundararajan tells Surajeet Das Gupta.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
The Bombay High Court on Monday directed the Union and the state governments to file replies to a petition demanding that IMS Vikrant, India's first aircraft carrier, now decommissioned, be preserved and not scrapped.
The Re 1 cut in diesel prices could lead Railway Minister Lalu Prasad Yadav to announce a reduction in passenger fares in the forthcoming Railway Budget.
LN Mittal is getting a senior bureaucrat from the ministry of petroleum and natural gas to run his first-ever venture in the refining business, the Rs 18,919 crore (Rs 189.19 billion) Bhatinda refinery.
The states will get over Rs l lakh crore.
As many as 379 cases of central excise duty evasion were registered in 2013-14.
The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.
South Korean steel major Posco's beleagured Rs 52,000 crore (Rs 520 billion) project near Paradip has received a boost with the Centre according environmental clearance to its captive minor port at Jatadhari mouth in Jagatsinghpur district.
The department of commerce may de-recognise the 247-hectare engineering special economic zone at Hazira, promoted by Essar Hazira SEZ Ltd.
South Korean steel giant Posco's wait for a mining licence in Orissa has got a little longer.
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