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ENS Economic Bureau The Indian Express Group

ENS Economic Bureau-

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IDBI announces Jan FPO, to raise $500 mn from overseas

Saturday 7 November '09

IDBI Bank plans to launch a follow-on public offer in January to mop up funds to fuel its future capital requirements....
PSU stocks zoom on govt’s plan for stake divestment

Saturday 7 November '09

Stocks of public sector companies shot up by up to 20 per cent on the bourses on Friday after the government announced its stake sale plan in public sector units....
Tata Power to raise $300 mn through FCCBs

Saturday 7 November '09

TATA Power is planning to plans to raise $250 million (Rs 1,170 crore) by issuing foreign currency convertible bonds (FCCBs) to be listed on the Singapore Stock Exchange....
Trimming losses, NACIL to shift lean Gulf routes to AI Express

Saturday 7 November '09

Loss-making state-owned carrier National Aviation Company of India Limited (NACIL) is planning to shift unprofitable Gulf routes operated by erstwhile Indian Airlines and Air India to international low-cost carrier Air India Express....
Divestment gets a huge kickstart

Friday 6 November '09

As much as Rs 30,000 crore could be available to the government after the Cabinet today made it mandatory for all listed and profitable public sector undertakings....
Dozen PSUs make the grade for stake sale

Friday 6 November '09

The government holds over 90 per cent (between 90-99.3 per cent) stake in a dozen public sector companies listed on the stock exchanges.
Volatile Sensex recovers 500 pts intra-day on PSU stake sale

Friday 6 November '09

Led by bruised telecom stocks, Dalal Street climbed nearly 1 per cent on Thursday as bargain hunters stepped in toward the...
CEO salary cap removed from new Companies Bill

Friday 6 November '09

Corporate affairs minister Salman Khurshid today said the new Companies Bill, 2009, has done away with the 11 per cent cap...
Sudha sells Infy stake to help Murthy with another start-up

Friday 6 November '09

More than 28 years after she lent Rs 10,000 to her husband to start what is now the multi-billion dollar Indian IT giant — Infosys Technologies Ltd...
FinMin to review tax code proposals on salaried individuals, property

Friday 6 November '09

Providing relief to salaried employees, the finance ministry will review the provisions in the Direct Taxes on taxation of salaried individuals...
SFIO probe into Satyam fraud in its final stage: Khurshid

Friday 6 November '09

Corporate affairs minister Salman Khurshid today said the Serious Fraud Investigation Office has not stopped the investigation in the Satyam fraud...
SC starts fresh hearing on Ambani gas row

Friday 6 November '09

The Supreme Court today began hearing afresh the high stake battle between Ambani brothers after Justice R V Raveendran...
Bank credit offtake dips below 10 pc, deposits show growth

Thursday 5 November '09

Slipping well below the target of 20 per cent for 2009-10, growth in bank credit dipped below 10 per cent to 9.65 per cent during the period ended October 23, 2009.
Dalal Street dances to RIL tune

Thursday 5 November '09

If Reliance Industries pulled the Sensex down 491 points on Tuesday, shares of the most valued company helped the benchmark index...
Farmers, govt should work together for agri sector, says Montek

Thursday 5 November '09

Claiming that soaring food inflation is not a matter of great concern, Planning commission deputy chairman Montek Singh Ahluwalia...
BJP slams direct tax code, calls it an ‘optical illusion’

Thursday 5 November '09

The BJP today flayed the UPA government on the proposed direct tax code (DTC), terming it as “deceptive and illusionary” and urged...
ICAI says has not withdrawn proceedings against PW

Thursday 5 November '09

The Institute of Chartered Accountants (ICAI) today said it has not withdrawn disciplinary proceedings against auditing firm Price Waterhouse, Delhi, in the Satyam fraud...
FM says can’t drop guard as growth still a concern

Wednesday 4 November '09

Finance minister Pranab Mukherjee today said inflation was not a pressing area of concern yet and asserted that fiscal stimulus will continue...
One year on, commercial vehicle sales rebound

Wednesday 4 November '09

For the first time in over thirteen months — a period of economic decline and the global credit crisis — all major commercial vehicle...
India Inc has to connect with ‘Bharat’: Das

Wednesday 4 November '09

When the Rs 7,000-crore Satyam accounting fraud threatened to damage India’s assiduously built image as a IT powerhouse, Prime Minister...
RBI parks Rs 31,500 cr in IMF gold

Wednesday 4 November '09

In a significant move but quiet move, the Reserve Bank of India (RBI) has purchased 200 tonnes of gold valued at around $6.7 billion...
Exports continue downhill ride, dip 13.8 pc in September

Wednesday 4 November '09

September marked the end of a five-month incline in exports from May this year. Citing possible reductions in pharmaceutical...
Festive season puts spring back in sales of cars, scooters

Tuesday 3 November '09

Automobile manufacturers are certainly feeling the festive cheer with October aiding a sharp turnaround in sales and bringing, alongwith...
India Inc’s Q2 profits rise 38.7%, but topline falls

Tuesday 3 November '09

Big caps like Reliance Industries, Reliance Communications and Bharti Airtel might have disappointed investors with their lower profits, but India...
RBI alert on circular fund movement in MFs, banks

Monday 2 November '09

The Reserve Bank of India has flashed the red signal on the circular fund movement between banks and mutual funds which...
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