The company bought peace with the Union coal ministry by agreeing to almost halve its e-auction sales at 30 million tonnes this year, to make more coal available for the fuel-starved power sector.
Nestle's Maggi 'shock therapy' worked. Nestle probably required such shock treatment as the June 2015 ban on Maggi noodles to jerk it out of its ennui, suggests Suresh Narayanan, now chairman and managing director of Nestle's India business.
Law firm Maurice Blackburn will launch a class action lawsuit on Thursday on behalf of Australian owners of scam-tainted Volkswagen AG seeking total damages "well north" of A$100 million ($71.59 million).
A common factor that binds all these men is greed.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Budget is widely seen as a test of Prime Minister Narendra Modi.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Typically, about four to six weeks ahead of the polls, activity in the property market picks up as politicians begin to pull out their money parked in real estate. But this time, it's all quiet till now in real estate so far.
Govt wants to up investment in Railways
Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month's time as part of an estimated $200 million investment plan, sources said on Thursday.
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
Sensex, Nifty end lower on global concerns.
energy is India's binding supply-side constraint for inclusive growth.
The dollar has fallen not just against commodity-linked assets but against other asset prices.
VRL investors have punished the stock for his move, but Sankeshwar is defiant.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
After two years of growth in the 4 per cent to 5 per cent range, the gross domestic product is expected to increase more robustly in 2015, growing to an expected 6.4 per cent.
Delhi, labelled the world's most polluted city in a 2014 World Health Organization survey, alone makes up about 7 per cent of total Indian auto sales.
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
The situation in the Valley is tense as the fresh order directing the zonal SPs to provide the list of mosques here and its management committees has added to speculation about some major decision in the offing regarding Jammu and Kashmir's special status.
The combination of sanctions, and low fuel prices is really hurting the Putin regime.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
The scandal has also rocked the wider car market, with manufacturers fearing a drop in diesel car sales.
The NDA government is seeking removal of all political appointments.
The broader markets also ended lower in line with the benchmark indices
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
While the RBI can nudge things along, ultimately bank owners must recapitalise and review internal processes to ensure that a culture of irresponsible lending doesn't continue, says Devangshu Datta.
Ajit Issac started as a management trainee at Godrej.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
Auditors raise red flags over Jet Air's robust financial status.
Indian indices fell more than those of most other emerging markets.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
The Chinese air force is now a 400,000-person force that flies some 2,000 combat aircraft -- more than thrice the size of the Indian Air Force.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
According to the report by the global financial services major, the FY2013-14 CAD is expected to be within $36 billion or 2 per cent of GDP, and this fiscal year CAD is likely to be slightly higher but contained at 2.3 per cent of GDP.
