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IOC plans Rs 80,000-crore war chest

Will seek board approval to double borrowing limit for acquisition of oil-producing company in Africa or CIS.

Trai, I&B Ministry disagree over FDI caps in cable, FM

The Telecom Regulatory Authority of India’s recommendations on hike in FDI limits in carriage and content services...

No licence fee for fixed-line telephony

BSNL set to be biggest beneficiary with expected savings of Rs 1,200 crore.

Upside of possible US recession: InfoTech and ITeS may see lower attrition rates

HR companies are upbeat that the current recession in the US will reduce attrition rates in the IT sector in India.
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US subprime crisis-hit ICICI Bank may freeze promotions, prune raises

Decision to be taken at April 26 Board meet after which staff will be informed; India’s largest pvt bank estimated to have taken Rs 1,050 cr hit from

Ignoring banks’ pleas, IBA opts for collective wage revision

Overruling some major banks, most members of the Indian Banks’ Association...

Tatas to start Blackberry services without govt nod

Tata Teleservices has decided to proceed with the rollout of BlackBerry services, without waiting for the government permission.

‘Operators don’t need rural subsidy anymore, so why USO fund’

India has one of the highest Universal Service Obligation charges at 5%, while countries like Argentina charge only around 1% of adjusted gross revenu

Sebi to set up banks’ group to simplify IPO application

Sebi has decided to set up a working group of banks for a pilot project aimed at implementing its biggest move yet on the primary market...

Rajan panel says RBI must cut rates once inflation eases

The government’s top level committee on financial sector reforms has said that the Reserve Bank of India must cut interest rates...

After SMEs cry foul, banks review exposure norms

Banks have started reviewing their existing and possible future commercial transaction norms for small and medium enterprises...

Uniform stamp duty may make debt issues cheaper

India Inc may soon find it a lot cheaper to issue debt paper, as the government is set to reduce and rationalise stamp duty on various instruments.

More bad news: Growth of six core sectors halves

Hit by a dismal show by almost all the key sectors, the growth of six core infrastructure industries fell to 4.2 per cent in January 2008...

Affordable homes may dwarf luxury properties

It’s not just the stock markets. The real estate markets too are facing a neat correction. This year may see a drop in the ‘high value’ properties mar

IMG approves Tatas’ coal-to-oil project with South African giant

An inter-ministerial group has cleared the $8-billion (Rs 32,000 crore) CTL project of the Tata group and its partner Sasol of South Africa...

Now, register yourself to receive telemarketing calls

With growing complaints about the ineffectiveness of the national Do Not Call Registry, the department of telecommunications...

SBI to raise $3 bn for Tata’s auto acquisitions

Tata Motors has mandated State Bank of India as the sole lead manager to raise $3 billion that will fund...

Farm loan waiver may hurt India’s bargaining at WTO

The Rs 60,000-crore agriculture debt waiver and relief package may win the government ballot points...

Govt floats Rs 10K cr debt relief fund; farmers who repaid in Jan-Feb eligible

The UPA government today set up a Rs 10,000-crore Farmers’ Debt Relief Fund as the first allocation to its debt waiver scheme.

DEPB fate uncertain as FinMin refuses to relent

The finance ministry is still resisting an extension of the duty entitlement passbook...

Panel recommends paperless primary market issues

The group to review issue processes has recommended elimination of application forms in the primary market.

Small & mid-sized insurers likely to face cash trap

The government’s ambivalence towards private life insurance — brought on by the Left’s opposition to further opening up...

ECB curbs temporary,assures Chidambaram

Finance minister P Chidambaram today described the limits on external commercial borrowing...

Foreign banks in race for 5% YES stake

At least two of the world’s major banks have evinced interest in picking up a stake in YES Bank...

M&As abroad may get boost

In a move that would facilitate big-ticket Indian investments abroad, the government is likely...
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