"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
10 Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
Discarded India goalkeeper Baljit Singh stood out with a man-of-the-match performance as Indian Oil won the Coal India 116th All India Beighton Cup Hockey tournament after a 2-0 victory over ONGC in Kolkata on Friday.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
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.
Sun Pharma was the biggest loser among Sensex components, plunging 3.94 per cent, followed by Tata Steel falling 3.12 per cent.
The broader NSE Nifty, after shuttling between 10,600.25 and 10,491.45 points, ended the last session of Samvat 2074 with a rise of 6 points, or 0.06 per cent, to end at 10,530.
The NSE 50-share after moving between 10,309.85 and 10,261.50 on alternate bouts of selling and buying, finished at 10,298.75, with paltry gains of 15.15 points, or 0.15 per cent.
The scheme, which was earlier implemented by the coal companies, has been extended for the current fiscal also.
Sebi had acted against 10 brokerages after over 10,000 investors failed to get shares in last year's Coal India IPO in spite of legitimate applications.
Results of some blue-chip companies exceeded expectations, providing additional thrust, traders said.
As of now, only Indian power, steel and cement companies can mine coal for their own consumption.
The decision assumes significance following the enthusiastic response from retail investors in the Friday's stake sale in steel major SAIL, which fetched the government Rs 1,715 crore (Rs 17.15 billion).
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Stock markets, which are facing the heat of political uncertainty over the 2G spectrum scam, have come under pressure as investors are pulling out their money to invest in the primary market.
Mergers and amalgamations will grow and deal sizes increase as the Indian economy expands, Venkat Anantharaman, managing director responsible for mergers and amalgamations, leveraged finance and equity corporate finance at Standard Chartered Bank in Mumbai, tells Sumit Sharma in an interview.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
As many as 61 companies hit the primary market in the 2010-11 fiscal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
The Solicitor General had told the bench that several members of the National Disaster Response Force were working at the site and instead of the army, the government has sent navy personnel there as the mine was submerged in water.
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
One person was killed and three were feared dead after a mishap at an underground mine at BCCL's Basantimata colliery in Dhanbad district.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
Plans 'complete' agricultural solution in mining areas
The actions points are: ease bottlenecks, promote growth, reap higher revenues and with them conduct another round of tackling bottlenecks.
The Bombay Stock Exchange's benchmark Sensex is likely to hit the much awaited psychological level of 21,000 this week, driven by the smart Reliance numbers and expectations of robust listing of the Coal India IPO, say analysts.
Investment banking sources said players with leveraged positions widely used this instrument. Even several foreign investors disallowed from investing in the market for failing to comply with regulatory norms have been using the PN route.
Financial year 2010-2011 saw high wealth erosion for investors in the IPO market.
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