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Control on petro-product pricing to continue
THE Government on Thursday said that it would continue to administer the prices of sensitive petroleum products such as diesel, LPG and kerosene even though a decision to dismantle the Administered Price Mechanism (APM) for the oil sector came ...
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SABMiller open to acquiring smaller regional brewers — Rules out picking up stake in UB
SABMILLER has said that it is looking at acquiring independent regional brewers in India but rejected an outright bid for United Breweries (UB) Ltd. This comes in the wake of industry speculation that SABMiller has plans to take a stake in UB, ...
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Intel evaluating India as manufacturing destination
GLOBAL semiconductor major Intel Corporation's CEO, Dr Craig R. Barrett, on Thursday said the company was evaluating India as a possible location for manufacturing. "The question is whether we will put up a manufacturing plant in India. ... I ...
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RBI cancels dated security auction of Rs 5,000 cr
THE Reserve Bank of India has cancelled the Rs 5,000-crore auction of dated security scheduled to be held during November 16-24. In a press release issued today, the RBI said, "Taking into account all relevant factors, the Government of India, ...
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SKF opens application development centre
THE SKF Group opened its application development centre here on Thursday. While declining to reveal investments, company officials said the new centre would become a full-fledged R&D centre for the company over the coming year. Initially, the ..
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FDI inflow in April-Sept touches $2.38 b
INDIA has recorded foreign direct investment inflow worth $2.38 billion during April-September this year as against $1.42 billion registered during the corresponding period last year, the Minister for Commerce and Industries, Mr Kamal Nath, has ...
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