Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
These refineries, commissioned mostly in the 1950s and 1960s during India's early industrialisation push, are inefficient and costly to maintain compared to their modern counterparts on the coast mainly operated by private companies.
India's ties with Saudi Arabia have been on an upswing over the last two decades based on burgeoning energy ties. Both sides are keen on expanding the economic ties in a range of areas besides the oil sector.
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
After 20 months of hectic negotiations, Iran and six major powers have reached a historic deal to limit Teheran's nuclear programme in return for lifting of sanctions. Let's understand closely what the deal is all about.
While it was no secret that Mamata was upset with Patha Chatterjee for a while as he has hardly been successful in bringing any big-ticket investment, there is a strong buzz that it was the controversy over the HPL bid that finally influenced her decision.
Policies have focused on promoting manufacturing, says minister, for income and job purposes.
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
On a day Narendra Modi attacked the United Progressive Alliance government for its "mis-governance", Congress chief Sonia Gandhi hit back accusing the Bharatiya Janata Party of hatching conspiracies before elections and misleading people in its hunger for power.
Sensex in green, JSW climbs higher.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
Indian govt is trying hard to get global investors to invest in the country.
The Supreme Court has directed a series of actions to clean the Taj, including bringing in compressed natural gas (CNG) to replace dirty coal.
According to the agreement, RIL will transfer its existing textile business under the Vimal brand into a newly incorporated company in which RIL will hold 51 per cent stake. The remaining 49 per cent stake will be sold to Ruyi.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
If things work out, it will be a great leap forward in the Indian-Iranian economic ties in the new phase of Iran's reintegration with the world market following the lifting of sanctions, says Ambassador M K Bhadrakumar.
Mumbai police chargesheets billionaire-builder Chandru Raheja for cheating, breach of trust; Rahejas call it pressure tactic, say Wadia plea was thrown out by Supreme Court
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
Customs and excise duty rates have been amended mainly to promote Make in India.
On the second leg of his trip to Central Asia, Narendra Modi makes quite an impression in Astana, as he talks about terror and trade, films and the future
After recognising its adverse health effects, the govt has now dismissed its own lab reports to conclude that the evidence against plastic is insufficient.
'Make in India' could suffer the same fate as did privatisation and the command economy, says Ajit Balakrishnan.
The oil mafia sheltered the 10 Pakistani terrorists in Machhimarnagar in Colaba and in fact a woman even showed Ajmal Kasab and his accomplice the way to Cama and Albless Hospital. The many theories floated before the Ram Pradhan committee, that looked into the attacks.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
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By the end of 2020, India will lay 32,737 km across the length and breadth of the country. It needs to lay down and comply with strict safety standards especially since some of these pipes will go through areas of dense habitation, says Rashme Sehgal.
'I just need to go back and bat at my old position at No 3.' 'In the IPL, captaincy is just for namesake. You just need to go out there and play well.' Suresh Raina tells Harish Kotian/Rediff.com about the challenges that lie ahead as he leads the Gujarat Lions and how much he will miss his beloved Chennai Super Kings and under his favourite skipper Mahendra Singh Dhoni.
Thanks to rupee depreciation, India has a chance to fundamentally rework its stifled manufacturing sector.
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
This is the first time the fight is between mother and son. Both sides don't look in the mood to relent: Advisors and spin doctors have been hired, lawyers have been consulted.
Tripura's popular chief minister shows up the failures of the elitist central leadership of India's Left, says Devesh Kapur
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
During his lifetime and after, Ambani aroused extreme responses in others.
'There is a communication gap between the Modi government and the allies. During the last one year, the NDA has met only once and that was two hours before the land bill was introduced in the Lok Sabha.' 'When Vajpayee was prime minister if any NDA chief minister asked for time , he was given it the next day. Modi is not doing it.' 'If there is tension on the streets, if there is insecurity amongst the minorities, then Make in India will remain a pipe dream.'
