Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed to cap cash transactions at Rs 300,000 with effect from April 1.
Industrial Development Bank of India plans to raise Rs 2,500 crore (Rs 25 billion) through a flexibond issue with a greenshoe option of the same amount.
IDBI found itself in favour on reports that a parliamentary committee will meet the RBI governor to consider converting the financial institution into a universal bank.
Its new industrial policy appears to benefit industrial houses
Despite public-private partnership projects announced in several rail budgets, the investment since 2000 has been merely Rs 3,000 crore.
The Industrial Development Bank of India has sold 7.56 crore shares (Rs 10 each) of Mangalore Refinery and Petrochemicals Ltd to ONGC Ltd for about Rs 81.5 crore (Rs 815 million).
The construction cost index for December 2002 to May 2003 rose by 4.5 per cent primarily due to a steep hike in basic inputs, cement and steel, the Construction Industry Development Council said in its latest updates.
Four Sukhoi jets flew down from Bareilly and four Mirage 2000s from Gwalior and skimmed the six-lane highway in simulated landings, a first for any road inauguration event.
Notwithstanding opposition from some villages to the Rs 14,500-crore (Rs 145 billion) Navi Mumbai airport, the implementing body, Cidco, has decided to go ahead with the project and would issue 'request for qualifications' on February 5.
Speaking at a programme at Kolaghat in West Midnapore district, the chief minister said, "We are against forceful acquisition of land. In West Midnapore district the Haldia Development Authority and West Bengal Industrial Development Corporation have land banks. "We will allot land for projects from there."
The government is likely to allow FDI in high speed trains and other projects.
The panel suggested the cess for BS-IV and BS-V fuels should accrue to the Oil Industry Development Board
To mark the anniversary of note ban, the Congress was observing a 'black day'.
'Gandhi turned his life into a counter-intuitive experiment in old ideas like non-violence and swadeshi.' 'He offered numerous universal ideas that talk to the human condition.' 'His ability to take risks was outstanding,' says Sopan Joshi, explaining why the Mahatma's ideas are as relevant as ever.
Tamil Nadu Chief Minister J Jayalalithaa on Tuesday met Prime Minister Narendra Modi and did not rule out the support of her party All India Anna Dravida Munnetra Kazhagam to his government in the Rajya Sabha where the ruling National Democratic Alliance is in a minority.
In this May 2014 interview with Vaihayasi Pande Daniel/Rediff.com, the politically conscious Karnad spoke of why he is concerned about Modi coming to power.
A revenue court on Wednesday ordered return of the land sold to Rajiv Gandhi Charitable Trust by an industrial house to Uttar Pradesh State Industrial Development Corporation.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
In a ruling which can have far-reaching consequences, the Supreme Court on Wednesday set aside the controversial acquisition of 997.11 acres of land in Singur in 2006 by the then Left Front government in West Bengal to set up Tata Motors' ambitious Nano car manufacturing plant.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
Bandhan Financial Services, which was given a banking licence on Wednesday, hopes to come up with a unique business model, with a mix of doorstep and retail banking.
The NAE this year has elected 69 new members and 11 foreign associates, thus bringing the total US membership to 2,250 and the number of foreign associates to 211.
The Election Commission (EC) has raised certain questions on the government's proposal to allow foreign direct investment (FDI) in the construction and maintenance segments of the railways.
People affected by the Navi Mumbai international airport insist they be allotted developed land as compensation, not cash as the land acquisition Bill, recently cleared by Parliament
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Fadnavis had a series of very productive meetings with American CEOs
The threshold limit for deduction of tax at source has been raised for unusual income such as winnings from horse race, commission
Prime Minister Narendra Modi is in Tanzania where he held talks with Tanzanian President John Pombe Joseph Magufuli.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
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