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Govt wins vote but key allies mount pressure
A CENSURE motion against the Government was defeated in the Lok Sabha in the early hours this morning, after a marathon debate that began at noon on Tuesday. The motion, which expressed concern at the handling of the situation in Gujarat, secured ...
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Safeguards likely in SEBI's search & seizure powers
Following the resistance of the Department of Company Affairs (DCA) to the proposal in the earlier Cabinet note to grant search and seizure powers to SEBI, the Ministry has recommended that such powers be exercised only after obtaining the approval o f t
he SEBI board.
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BPL may bid for SCI with foreign partner
THE TPG Nambiar-promoted BPL group is entering into unrelated areas as part of its new strategic business initiatives. The group, which pitched for 51 per cent stake in Shipping Corporation of India (SCI) following the Centre's divestment ...
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Essar Oil in talks to import petro products
ESSAR Oil Ltd (EOL) has begun negotiations with companies in the US and West Asia for importing petroleum products. This is besides its plan to buy them from domestic oil majors as part of its preparation for entering the retail business. The ...
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`Cap third party liability before tariff hike' -- Transporters on collision course with IRDA
BRACE yourself for a fresh round of disruption of movement of goods by road in the coming days. With the Insurance Regulatory and Development Authority (IRDA) firm on announcing the revised motor insurance tariffs within May 15 and the ...
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Once bitten, but not twice shy
ALMOST all Indian information technology stocks went southwards last year following a downturn in the sector. Some professional investors including mutual funds and UTI reduced their stakes, probably as a mid-term correction, in IT stocks due to ...
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