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Govt mulls 5 pc equity offer in PowerGrid, PFC
THE Power Ministry is mulling a 5 per cent equity offering of fresh shares in Power Grid Corporation of India Ltd (PGCIL) and Power Finance Corporation (PFC). In the case of PGCIL, there are several business concerns expressed by its ...
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Nicholas Piramal not to sell Roche diagnostic products — To get $22 m for discontinuing the deal
IT may not have come to a logical conclusion, but with a cool Rs 100 crore in the kitty, no one is complaining, it seems. Drug major Nicholas Piramal India Ltd said on Thursday that NPIL and Germany's Roche Diagnostics Gmbh have discontinued ...
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Foreign airlines offer 1,639 extra flights in open sky period
THE limited open-sky policy is proving to be a major draw, with the Government receiving as many as 1,639 requests for `slots' allocation from various international airlines to operate flights during the winter season. In airline parlance, ...
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HDFC Bank Q2 net up 30 pc — Board approves $300-m ADS plan
HDFC Bank Ltd proposes to raise up to $300 million through an offering of American depository shares (ADS). The board of directors of the bank, which met on Thursday, approved the proposal. Post ADS, the bank's foreign shareholding may not ...
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`BSNL-MTNL merger will be in national interest'
BHARAT Sanchar Nigam Ltd on Thursday favoured a merger with Mahanagar Telephone Nigam Ltd, stating that such a move would be in the national interest. "If BSNL is merged with MTNL, it will be in the nation's interest. It will save lot of cost ...
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BSNL slashes registration fee for connection — Offers hefty festive discounts
BSNL has offered hefty discounts on various types of telecom services including the lowering of registration charges on basic telephone to Re 1 from the existing Rs 1,000. "The discounts are for a limited period. We are sure that millions of ...
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Sale of second-hand capital goods — Norms eased for export units in DTA
THE Government has eased the norms for sale of second-hand capital goods in the Domestic Tariff Area (DTA) by export-oriented units that had imported such goods under the export promotion capital goods (EPCG) scheme. The Directorate-General of ...
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Banks step up NPA recovery efforts
BANKS have stepped up recovery efforts this year in a bid to reduce their gross non-performing assets (NPA) and improve their bottomlines. Top banking sources said here that this year gross NPA recoveries were up by 40 per cent from the ...
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`Infy breakthrough into Nasdaq-100 could trigger Indian listings'
NASDAQ is keenly awaiting the qualification of Infosys Technologies in the Nasdaq 100 Index , the main index of the exchange, as the trigger that could open the gates for many Indian companies to go for Nasdaq listing, says Mr Stuart C. ...
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Benchmarks down for 2nd successive week
THE key market indices ended the day on a weak note. In the process, both the BSE Sensex and S&P CNX Nifty have recorded second successive week of net decline. The Sensex closed lower by 31.96 points on Thursday at close at 5641.06 points and ..
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