Roadmap for 74 pc FDI Ministry favours segregating strong from weak pvt banks
IN an effort to chart out a roadmap for foreign direct investment in Indian private sector banks, the Ministry of Finance has proposed the splitting up of the banks into two categories with different criterion being made applicable to each for ...
New system of petro price revision likely
THE Government has hinted that the existing fortnightly revision of petrol and diesel prices may be replaced by a new system that involves monthly or quarterly revisions. Petrol and diesel prices, in keeping with the current practice of fixing ...
Nifty closes above 2000-mark; Sensex makes further gains
THE Nifty closed above the 2000-level for the first time on Tuesday, with the index gaining over 21 points to close at its historic high. The index touched a high of 2008.8 and closed at 2006.80. Brokers say that crossing the 2000-level is a ...
IDBI accepts 415 VRS applications
INDUSTRIAL Development Bank of India Ltd on Tuesday said it has accepted applications of 415 employees for voluntary retirement. The bank had received 426 applications under its VRS scheme of 2004-2005. IDBI, which assumed the status of a ...
Subbulakshmi's voice still bestseller for Saregama
TIME hasn't been able to wither the popularity of M. S. Subbulakshmi's music. Her first full-length album for the Gramophone Company of India (GCI), which was recorded over 40 years ago, still manages to sell over 2 lakh copies every year. The ...
NTPC mulls power trading exchange
A SPOT market for electricity trading could be on the anvil soon. The National Thermal Power Corporation (NTPC) has appointed the Nordic Power Exchange as consultant for the establishment of an IT-enabled power trading system and a nationwide ...
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