Chidambaram meets market players to allay fears
THE Finance Minister, Mr P. Chidambaram, today assured critical sections of the financial world that the new Government was committed to economic reform and was aiming a 7-8 per cent growth in GDP. "I am here to tell key economic players that ...
Index heavyweights prop up market
TAKING a cue from the Finance Minster's approach to provide a healthy investment climate, the stock markets maintained the positive trends for the second consecutive day today. Propelled by sustained buying in index heavyweights such as ICICI ...
Excise hike on ATF, duty cut on LPG, kerosene mooted
THE Petroleum Ministry has informally sounded the Finance Ministry for raising the excise duty on Aviation Turbine Fuel (ATF) from 8 per cent to 16 per cent. In return, it has sought a reduction in excise duty on LPG and kerosene from the ...
FDI capped at 49 pc for airports' revamp
THE Congress-led UPA coalition Government has lowered the foreign direct investment (FDI) cap to 49 per cent in the proposed modernisation and restructuring of the two metro airports at Delhi and Mumbai. It has extended the last date for ...
Change in IFCI-PNB merger plan ruled out
THE change of Government at the Centre would not lead to any alteration of plans for the merger of IFCI Ltd with Punjab National Bank (PNB). Top Government official said that the merger plans would go on as usual, even as the IFCI Board of ...
Honda Motor renews partnership with Hero Model Committee to help minimise cannibalisation
HERO Honda and Honda Motor Corporation today announced the extension of their technical collaboration agreement for another ten years. The extension will allow Hero Honda to introduce new models of motorcycles and boost sales. The two companies ...
GMR forms consortium with Fraport, IDF to bid for airports revamp
THE GMR group on Wednesday announced the formation of a consortium with Fraport AG Frankfurt Airport Services Worldwide, the owner and manager of Frankfurt airport, and the India Development Fund to bid for the restructuring and modernisation of ...
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