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Sensex crashes 105 points — Early gains not held; Chidambaram rounds off visit
THOUGH capital market players said they felt "positive" after their meeting with the Finance Minister on Wednesday, bourses took a tumble on Thursday right after Mr P. Chidambaram made a brief statement summing up his two-day visit to Mumbai. ...
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Investment drought has ended, says Chidambaram
THE `investment drought' in the country has come to an end, feels the Finance Minister, Mr P. Chidambaram, at the end of a two-day visit to the country's commercial capital. Making a statement to the media after a series of meetings, the new ...
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`Mechanism soon to reduce effects of oil shocks'
THE Government is in the process of finalising a mechanism to mitigate the effects of global oil shocks on the consumer, according to the Petroleum Minister, Mr Mani Shankar Aiyer. "A meeting of the Finance Secretary with the Petroleum ...
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Rupee gains 14 paise
WHILE stocks suffered a setback after the Finance Minister's visit to the city, the rupee gained 14 paise, thanks to central bank support and global weakening of the US dollar. The domestic currency ended the day on Wednesday at 45.24/25, ...
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Cabinet to review airport FDI cap
THE announcement by the Minister of Civil Aviation, Mr Praful Patel on Wednesday that the foreign direct investment (FDI) cap has been fixed at 49 per cent for privatisation of Mumbai and Delhi airports is likely to come up for a review by the ...
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Unions may raise pitch over airport issue
COME Saturday, the Finance Minister, Mr P. Chidambaram, could be feeling the heat generated by the recent decision of the Government on lowering Foreign Direct Investment (FDI) for airport modernisation that has left the door open for the ...
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Capital gains tax for FIIs may be reviewed
THE Finance Minister may review capital gains tax laws concerning foreign institutional investors in the forthcoming Union Budget. According to an institutional source, the Finance Minister, Mr P. Chidambaram, had a lengthy discussion with the ...
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Investment plans may have to be altered to suit policy: Mukesh
THE Chairman of Reliance Industries Ltd, Mr Mukesh Ambani, on Thursday said he expects Indian corporates to invest Rs 1,00,000-1,50,000 crore in the next 24 months. After attending the Finance Minister's meeting with top industrialists here, he ...
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International Herald Tribune is here
INTERNATIONAL Herald Tribune (IHT), the prestigious news daily from the New York Times stable, is now in India, officially. It is being printed from Hyderabad, though Information & Broadcasting (I&B) Ministry officials appear to ...
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Disinvestment job: Consulting cos left guessing
WITH `CEO' chief ministers such as Mr Chandrababu Naidu and Mr S.M. Krishna shown the door, and the Left-supported UPA Government in the Centre putting disinvestment on the backburner, consulting companies are uncertain about the fate of their ...
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