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No loss to Govt from 2G spectrum allocation: Sibal
Says Comptroller & Auditor General's estimate of loss is `flawed'. The Communication and IT Minister, Mr Kapil Sibal, onFriday said there was zero loss to the Government as a result of giving 2G licences to new players in 2008, ...

Delhi court says petition against Raja ‘maintainable'
A Delhi court on Friday held that the Janata Party President, Dr Subramanian Swamy's complaint, seeking prosecution of the former Telecom Minister, Mr A. Raja, in the 2G spectrum case ...



Wrong Number? The Ministe...
Morgan Stanley on sell mode — bulk deals show
‘Every dip is an opportunity to buy Indian equities'. Could the markets be witnessing the beginning of an FII pull out from India? On January 4, Morgan Stanley Mauritius sold a part of its portfolio comprising 14 stocks in several bulk ...


Sensex tanks 493 points on inflation worry, rate-hike fears
Worried by concerns regarding food inflation, foreign institutional investors shed Indian stocks on Friday sending the Sensex into a freefall of around 555 points intra-day. This is the fifth consecutive trading day that the Sensex has closed ...

Decks cleared for Patni sale to iGATE
The promoters of Patni Computer Systems are believed to have ironed out their differences with a consortium led by ...

Scrap Reddy brothers' mining lease, says apex court panel
The Supreme Court-appointed Central Empowered Committee has recommended cancellation of the Reddy brothers' mining leases in Andhra Pradesh on grounds of ...

Spy scam gives Renault a shock
This is not the kind of shock Renault expected in its electric car project. The French carmaker is in the midst of an espionage scam and has suspended three executives, who have apparently leaked secrets involving the electric car programme. One ...

Sibal has got it wrong, say experts
No justification for giving spectrum in 2008 at 2001 prices. Industry experts and analysts said that the claims by the Communication and IT Minister, Mr Kapil Sibal, that there was no loss to the country due to the 2G spectrum policy was ...

Hike in ration grain prices for above poverty line deferred
Worries over soaring inflation force Centre to hold back decision. Food inflation worries have apparently forced the Centre to defer a decision to hike the issue prices of rice and wheat supplied to above poverty line (APL) households through ...

India could be fastest growing economy by 2050: PwC
How will India fare against China in the next few decades? That's a question often asked, and rarely meets with the same response. The latest organisation to pitch in is PricewaterhouseCoopers (PwC), with a particularly bullish outlook for ...

Essar Shipping to invest $1 billion in fleet expansion
To demerge ports, shipping biz into separate entities. Essar Shipping Ports and Logistics Ltd (ESPLL) is in the process of investing $1.1 billion to acquire 12 new vessels and two jack-up rigs in the next two years, despite projections of ...

Tata Steel-Nippon venture to make auto grade steel in Jamshedpur
Plans to invest Rs 2,300 cr; Tata Steel to hold 51 per cent. Tata Steel on Friday said that it has signed a joint venture agreement with Nippon Steel Corporation of Japan to set up a plant to make automotive cold-rolled steel, at an investment ...

China makes its mark on Europe; pledges to buy Spanish bonds
Spain's economy got a resounding vote of confidence from the Chinese government this week, with reports that the country may buy as much as €6 billion worth of Spanish government bonds. It came as China's Vice-Premier, Mr Li Keqiang, ...

MNCs offer staff part-time option — for lower pay, of course
WORK-LIFE BALANCE. After offering flexi hours and work-from-home option, tech MNCs are now giving their employees a larger work-life balance choice through part-time work, that is., work for half of a week or choose to work for fewer hours ...


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