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Oil PSUs get in-principle nod to offload cross holdings
INDIAN Oil Corporation, Oil and Natural Gas Corporation and GAIL (India) Ltd today moved a step closer towards offloading their cross-holdings in each other. The Ministry of Petroleum and Natural Gas has given an in-principle approval to the ...
In commercial capital, essential items become scarce
WHEN boards are put up in shops saying that only two bottles of water will be sold per person, it is evident that food supplies are yet to be normalised in rain-drenched Mumbai. Consumers were allowed to buy only two (one-litre) bottles of ...
2 BARC reactors in `safe shutdown' mode
BHABHA Atomic Research Centre (BARC) has put two of its three reactors in a "safe shutdown" mode. The reactors, Dhruva and Cirus, were shut-down last Tuesday, when Mumbai received heavy rainfall. The oldest and third reactor, Apsara has been in ...
RBI modifies ECB norms
THE Reserve Bank of India has modified the norms for External Commercial Borrowings with immediate effect. Under the new norms, ECBs with minimum average maturity of five years by non-banking financial companies (NBFCs) from multilateral ...
TRAI likely to base ADC on revenue share model
TELECOM tariffs are set to go down further with the Telecom Regulatory Authority of India (TRAI) likely to bring in an access deficit regime based on the percentage of the revenues earned by the operators instead of the current system where it is ...
HCL unveils PC for Rs 9,990
HCL Infosystems Ltd on Monday unveiled a fully functional low-cost personal computer at Rs 9,990. Mr Dayanidhi Maran, Union Minister of Communications and Information Technology, launched the Linux-based PC at a press meet. The low-cost PC ...
Nokia planning network operating centre: Maran
NOKIA plans to set up a network operating centre in India, and that could possibly come to Chennai. The centre would do remote monitoring of its network operating system in the Asian region. "We are expecting a statement from Nokia in this ...
Losses may hit corporate tax inflow from oil cos
OIL companies' contribution of corporate tax to the Centre's kitty may take a hit in the current fiscal if one were to go by the first quarter losses recorded by some of the oil behemoths, say oil industry insiders. Industry sources said that ...
PSBs' profits take a beating in Q1
PUBLIC sector banks suffered a sharp setback in profits in the first quarter of the current fiscal. Profits for a set of 17 banks dropped 14 per cent compared to the same period in the previous fiscal. Remove State Bank of India from the ...
It's raining troubles for Pune's automobile players
The auto industry's prospects for the next quarter is also being hit by the slowdown in customs clearance.
Heavy rain over west coast, Gujarat for two more days
THERE will be little respite for the rain-battered regions of Gujarat, north Konkan, and Goa for the next 48 hours, as the weakening `deep depression' over Central India will take that much time to move over and fizzle out. Compounding the ...
Most farmers prefer animals for ploughing
A MAJORITY of the farmers in the country still use animals for ploughing. Even developed States such as Maharashtra, Andhra Pradesh and Karnataka are depending on animals for the job. As per the 59th round of National Sample Survey on Aspects ...
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