According to predictions, within a span of 50 years, SAIL will be requiring around 5.7 billion tonnes of iron ore. It has started scouring for new iron ore mines which will enable it to meet its future demands A steel ministry official ha
The cash reserve of ONGC ltd. one of India’s most valuable companies, is depleting at a rapid pace owing to the government’s fuel subsidy-sharing mechanism. ONGC had to give discounts of Rs 12,622 crore to state-owned oil marketing com
Crisis-ridden Sahara group of companies, which has been facing trouble from markets watchdog Securities and Exchange Bureau of India (Sebi) over repayment of Rs 24, 000 crore worth of funds it had “illegally” raised from the public, is
We meet a bunch of women in Amdha village of Valsad district in south Gujarat. Most of them are Kokna Patels. A few belong to primitive tribal groups (PTGs), though there is little in their demeanour to warrant that label. A dairy union brings the
Prime minister Manmohan Singh has decided to tighten the monitoring over the 22 commodity markets, including the scam-tainted National Spot Exchange Limited (NSEL) of Jignesh Shah, by placing them under the watchful eyes of the securities exchange
The land bill has been passed by both houses of parliament with last-minute amendments. The bill comes in the wake of farmers’ protests against land acquisition for industry in recent years, and thus puts in place extra precautions and bette
With the economy slowing down, the rupee experiencing a free fall and stock market charts going up and down in a frenzy, here’s a reader’s guide on some factors impacting our growth which is currently crawling at 4.4 percent:
As the Indian rupee tumbled against the US dollar since the month of August, government swung into action by inking a currency-swap deal and boosting market confidence. India signed a currency-swap deal with Japan which enhanced swap facility from
According to a notification from insurance regulatory and development authority (IRDA), common services centre (CSC) in rural areas can now sell insurance products and services in both the categories, life and non life. On Wednesday, the
It’s not every day that Zubin Mehta manages a visa to get anywhere close to the stratosphere of my everyday business. Having been blessed with tone deaf ears, senseless sensibilities and a philistine attitude to life and strife, I could not
In 2008, Indian policy makers boasted that the global financial crisis would not affect the future growth in this country. In November the same year, the then finance minister P Chidambaram told an international business audience that “we wi
Pointing out that achieving financial inclusion is not a one-way traffic, Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarty on Friday said that besides banks, other stakeholders need to pitch in to be able to effectively realise this g
Hyderabad was in the grip of severe tension on Friday evening amid fears of violence returning to the city during a controversial ‘Save Andhra Pradesh’ meeting scheduled to be held in the city on Saturday. The state capital has
It has been proved once again that India is a robust democracy where peoples` voices are respected. I would like to thank the parliamentarians, too, for listening to the people. I must say we need to continue with pressure. At the same tim
Despite the Andhra Pradesh High Court coming to its rescue, Ram Charan Teja’s Toofan was caught in the bifurcation storm on its release today. The screening of the Telugu version of Charan’s Bollywood debut Zanjeer was stalled in more
Following the Prime Minister setting a target of increasing domestic steelmaking capacity to 300 million tonnes (mt) by 2025, the steel authority of India (SAIL) has requested the Government to set up a dedicated institution to finance capacity ex
Young politicians like us who were born after independence look at freedom struggle in a different context. Men like Gandhi, Nehru and Patel are firmly placed in our consciousness as heroes who gave their lives for the country and our freedom. The
BHEL announced that its electronic division has procured an order of Rs 96 crore from NTPC to set up a 15 MW-solar power plant in Uttar Pradesh. According to a statement released by the company the engineering, procurement and construction
The wait just got prolonged for GAIL (India) when on Thursday the supreme court reserved its verdict on an appeal filed by the PSU. GAIL had challenged the Gujarat high court’s order that repealed its decision to terminate contract with the
