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ENS Economic Bureau The Indian Express Group

ENS Economic Bureau-

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$200 billion possible from PSU stake sale: Kelkar

Saturday 21 November '09

India’s public sector undertakings have a combined value of $300-400 billion which means by disinvesting half of its stake in them...
Dump operator but keep the number, all in Rs 19

Saturday 21 November '09

Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider.
Rajaratnam’s hedge fund sells stake in Edelweiss

Saturday 21 November '09

US hedge fund Galleon Group LLC — the US-based hedge fund that is winding down its funds after its founder, Raj Rajaratnam...
Biz confidence shoots past pre-crisis level

Friday 20 November '09

Business confidence in India has surpassed the level that prevailed before the financial crisis seized economic growth prospects...
India’s billionaire list doubles

Friday 20 November '09

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company...
Brazil effect: Sensex falls 213 pts, rupee down 48 paise

Friday 20 November '09

Brazil’s “bizarre” tax measures aimed at stemming the biggest currency rally and inflow of hot money into its capital market unnerved India’s financial markets on Thursday.
Tata says successor could be expatriate

Thursday 19 November '09

Tata group chief Ratan Tata’s search for a successor could lead him to an outsider, or even an expatriate.
Govt prepared if FII inflows rock the boat: Pranab

Thursday 19 November '09

Finance minister Pranab Mukherjee on Wednesday said India has mechanism in place to handle foreign capital flows if they cause...
State-owned banks warm up to consolidation idea

Thursday 19 November '09

Five big state-owned banks warmed up to the idea of consolidation in a meeting convened by the finance ministry today.
Sebi to cut IPO listing from 20 to 7 days

Thursday 19 November '09

In a bid to speed up the process of fund mobilisation and listing, the Securities and Exchange Board of India (Sebi) is working towards...
Housing sector needs Rs 360K cr investment

Thursday 19 November '09

Over the next five years, the country needs 26.5 million additional housing units, investment requirements of over Rs 360,000 crore...
Roads ministry gives expressways the SEZ turn

Wednesday 18 November '09

To lure real-estate developers to participate in government’s expressways programme, the road transport and highways ministry plans to allow...
RIL readies for global shopping for higher growth

Wednesday 18 November '09

Reliance Industries is looking at buying out companies globally. The company would be focusing on “global growth by acquisitions in the energy...
CVL starts e-Voting for shareholders

Wednesday 18 November '09

Shareholders will now be able to participate in the decision making process of companies and cast their votes on resolutions electronically.
Satyam rejects Rs 1,230 cr claims

Wednesday 18 November '09

IT services firm Mahindra Satyam on Tuesday said legal notices claiming a refund of Rs 1,230 crore ($265 million) by 37 companies...
Gas isn’t your private property, govt reminds Ambani brothers

Wednesday 18 November '09

The Central government on Tuesday told the Supreme Court that gas was a national asset and the warring Ambani brothers...
AI expects Rs 400 cr from govt by January

Wednesday 18 November '09

National carrier Air India today said that it expects to receive a first round of government funding to the tune of Rs 400 crore by January next year.
RBI panel moots umbrella body, lifeline for UCBs

Wednesday 18 November '09

With financials of 392 urban co-operative banks (UCBs) out of 1,721 UCBs not considered satisfactory, a working group of the Reserve Bank of India...
Foreign funds power Sensex above 17,000

Tuesday 17 November '09

Led by Reliance Industries and bank stocks, the benchmark Sensex soared 184 points to close above the 17,000-point...
RBI survey sees lower GDP growth, higher corporate profits

Tuesday 17 November '09

The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India’s gross domestic product growth...
Tata Motors gets £170 million loan from GE Capital for JLR

Tuesday 17 November '09

GE Capital has agreed to give a five-year term loan to Jaguar Land Rover (JLR), the UK-based loss-making subsidiary of Tata Motors.
SFIO to move court against Raju, others this month, says Khursheed

Tuesday 17 November '09

The much-awaited prosecution proceedings in the multi-crore Satyam fraud case against its founder, B Ramalinga Raju, and others by the...
Canadian PM seeks more trade ties

Tuesday 17 November '09

Canada is looking at increasing its trade ties with India in the areas of nuclear technology, research and development, clean and renewable energy and tourism.
Samruddhi-UltraTech merger creates global cement giant

Monday 16 November '09

The mega cement consolidation process in the Aditya Birla group has taken a concrete shape with the boards of directors of UltraTech Cement Limited...
PSU stock valuation up Rs 161,400 cr in November

Monday 16 November '09

The government’s disinvestment plan has given a new vigour to the stocks of public sector units (PSUs) listed on the stock exchanges.
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