The United States Senate has put off for a day the vote on President Barack Obama's choice Hillary Clinton as Secretary of State after strong opposition from a lawmaker who is seeking more transparency from the Clinton Foundation. The Senate approved as many as seven of Obama's nominees within hours of his being sworn in.
According to analysts, this is the highest premium paid by a foreign insurer to a domestic partner.
An injury-time strike by Jonathan Reis sent PSV Eindhoven into the Europa League knockout rounds with a 1-0 home win over Sparta Prague on Thursday.
India's foreign exchange reserves declined $1.73 billion to $254.21 billion during the week ended May 15, 2009, mainly due to revaluation of currencies.
After years of waiting, finally there seems to be hope for the passage of the Pension Fund Regulatory and Development Authority Bill, thanks to the Left's withdrawal of support from the government. The passing of the Bill will provide statutory backing to the regulatory agency, enabling it to issue guidelines and allow non-government employees to save for the long-term. PFRDA Chairman D Swarup spoke to Business Standard about the issues involved.
'Loan approvals have increased at a much higher pace. And this growth has been driven by retail, not project finance,' says R R Nair, director and chief executive, LIC Housing Finance.
Is the XUV700 just a facelifted XUV500 or is it a completely new breed in the vast range of SUVs available today? Rajesh Karkera takes the latest offering from the Mahindra stable for a spin to find out.
After fighting for over four years, Groupe Danone and the Wadias have struck a deal that will see the French food giant exit their biscuit joint venture, Britannia Industries Ltd.
The Pakistan People's Party is set to announce its candidate for prime minister later on Saturday even as the opposition withdrew their nominee for the post following a request from PPP co-chairman Asif Ali Zardari. Opposition Muttahida Qaumi Movement on Friday decided to withdraw party leader Farooq Sattar as its joint candidate with ally PML-Q for sthe post of prime minister, paving the way for the PPP nominee to be elected unopposed.
The Ruias and other promoters own a 99.99 per cent stake through various companies in BPL Mobile Communications. They have already toned it down to 82.4 per cent, sources close to the development said. Now, the group is looking at further bringing it down to less than 70 per cent. This will make BPL Mobile Communications a shell company and diminish its values making its shares 'worthless,' says Vodafone.
Viewed from an angle, the average debt of every Indian has been estimated to soar to about Rs 30,000 in about a year with the government Competitive economies stepping up it borrowing programme in the next fiscal to fund public expenditure and stimulate the economy.
Britannia Industries Ltd managing director Sunil Alagh will not seek extension of his current tenure, which expires in February next year.\n\n\n\n
Lawmakers guided House Joint Resolution 609 on observing the Indian-American Day coinciding with India's Republic Day through the House of Delegates and the Senate of Virginia and it has been communicated to the governor for his consideration.
While the Sensex fell by as much as 19 per cent from the recent peak, a host of fund houses were fully invested. A majority of the fund houses were sitting on cash amounting to 1 to 4 per cent of their portfolios against an average of 5 to 7 per cent, data from Value Research, a fund tracking company suggested.
Corporate India has raised over 8 billion dollars through syndicated loans by way of 33 deals in the first half of this year led by Reliance Industries, which alone mopped up a whopping 2.7 billion dollars.
Companies, which are jumping into the bandwagon, include MNCs. For instance, the world's leading component company Bosch has committed an investment of Rs 2,650 crore (Rs 26.50 billion) through four subsidiaries in India. Funds will be used to set up manufacturing facilities for gasoline systems, electronic control units and ABS systems.
The European Union (EU), which wants India to reduce high import duties on wines, is facing a glut of the beverage at home and is taking steps to protect local producers from new rivals like Australia and the US.
BIL International, the holding company of UK's leading hospitality chain Thistle Hotels, plans to enter the Indian market with its international brand, 'Guoman Hotels'.
Union Labour Minister Oscar Fernandes promised on Thursday to have a 'proper dialogue' with all on labour reforms.
NRI steel tycoon Lakshmi Mittal is considering relinquishing his controlling stake - a move that could lower the barriers to shareholders accepting his $22.1 billion
Reliance Power, which is hitting the market next week with an offering of nearly Rs 12,000 crore (Rs 120 billion), will set the trend for a slew of power IPOs from other companies including Sterlite Energy (Rs 4,000-8,000 crore or Rs 40 to Rs 80 billion), JSW Energy (Rs 4,000 crore or Rs 40 billion), JP Associates (Rs 4,000 crore or Rs 40 billion) which have already announced big share offer plans.
India has become the second biggest borrower in Asia Pacific by borrowing over $3.7 billion for project financing since the beginning of 2006, taking a big jump from its 10th position last year.
Info Edge India Ltd, owner of job portal Naukri.com will be listing on Tuesday as its founder Sanjeev Bikhchandani rings the opening bell at the Bombay Stock Exchange
Domestic cellular major Bharti Airtel on Friday entered into the elite league of corporate entities with a market value of over Rs 1 trillion, joining ranks with giants like Reliance Industries, Infosys, ONGC, NTPC and TCS.
Enthused by substantial growth in cotton apparel exports since dismantling of quota system in January 2005, India expects their exports to the United States to become nearly three times from the present $2.30 billion to $6 billion this fiscal.
Consumer credit may slow down to 20-25 per cent due to rising interest rate and the base effect, ICICI Bank CEO, K V Kamath said on Monday.
With seven of the nine public offers listed last week flopping on debut, the days of making money through public issues seem to be over. Last week's wasn't a one-off case.
Bharti Tele Ventures Ltd has informed the Bombay Stock Exchange that Bharti Infotel Ltd, a wholly owned subsidiary of the company has signed an agreement with Max India to acquire 100 per cent equity stake in Comsat Max, a leading provider of VSAT an
Maharashtras revenue receipts have exhibited a Rs 700 crore jump from the last financial year and are at Rs 34,000 crore, says Maharashtra Finance Minister Jayantrao Rajaram Patil.
Ayurvedic FMCG company Emami Ltd has signed a deal with Bollywood megastar Amitabh Bachchan for endorsing its Navratna cool hair oil brand.
Berger International Ltd, the overseas subsidiary of Asian Paints, is to divest its 84.2 per cent stake in its Malta group company -- Berger Paints (Malta) Ltd (BPM) -- for around Singapore dollar 1.8 million [Rs 4.7 crore (Rs 47 million)].
Reliance Industries Ltd, India's biggest petrochemicals company, on Thursday reported a consolidated net profit of Rs 5,169 crore (Rs 51.69 billion or $1.17 billion) for the year ended March 31, 2004.
Samsung India was targeting a turnover growth of about 80 per cent to cross Rs 5,000 crore (Rs 50 billion) during 2003, while aiming to consolidate its position in the consumer electronics market through new product launches.
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