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Government makes push to boost revenue as deficit deadline nears
Published on Thursday, January 29, 2015 8:41 AM

By Rajesh Kumar Singh and Devidutta Tripathy

NEW DELHI/MUMBAI - The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit.

Prime Minister ...

Government makes push to boost revenue as deficit deadline nears
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Fed upbeat on U.S. economy, cites strong job gains
Published on Thursday, January 29, 2015 8:38 AM

By Michael Flaherty and Howard Schneider

WASHINGTON - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

The Fed repeated it ...

Fed upbeat on U.S. economy, cites strong job gains
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Private refiners compete with state firms to sell diesel to railways
Published on Thursday, January 29, 2015 8:34 AM

NEW DELHI - Private refiners Reliance Industries Ltd and Essar Oil Ltd are competing with state refiners to sell diesel to Indian Railways, sources at the state refiners said, after the federal government's control over diesel pricing ended last year.

Indian Railways, the biggest client for diesel, consum ...

Private refiners compete with state firms to sell diesel to railways
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Government will not appeal Vodafone tax ruling
Published on Thursday, January 29, 2015 8:31 AM

MUMBAI - The government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided on Wednesday, in a move aimed at boosting investor confidence in Asia's third-largest economy.

Vodafone, the biggest foreign corporate investor in India, has b ...

Government will not appeal Vodafone tax ruling
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Government to sell up to 10 pct of Coal India on Friday
Published on Wednesday, January 28, 2015 12:30 PM

MUMBAI - The government will sell a stake of up to 10 percent in state-run Coal India Ltd through an auction on the stock exchanges on Friday, the government said.

That stake would be worth as much as $3.9 billion at current market prices.

The government, which owns close to 90 percent of the ...

Government to sell up to 10 pct of Coal India on Friday
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Adani Ports cons Q3 PAT up 13.7% at Rs 512.08 cr
Published on Wednesday, January 28, 2015 5:13 PM

Adani Group’s arm Adani Ports and Special Economic Zone Ltd on Wednesday has reported a growth of 13.7 per cent in its consolidated net profit after taxes (PAT) at Rs 512.08 crore for the third quarter ended December 31, 2014, helped by rise in revenue from operations. “The consolidated PAT of the company stood at Rs 450.51 crore ...

Adani Ports cons Q3 PAT up 13.7% at Rs 512.08 cr
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Finance minister confident over meeting fiscal deficit target
Published on Wednesday, January 28, 2015 3:43 PM

Against the backdrop of plunging oil prices which are likely to reduce the centre’s massive fuel subsidy burden, Finance Minister Arun Jaitley has expressed optimism that the Modi government remains on track to meet its fiscal deficit target of 4.1 per cent of the country’s gross domestic product (GDP) in FY 2014-15. “Even t ...

Finance minister confident over meeting fiscal deficit target
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Ranbaxy Dec-quarter net loss widens on forex loss
Published on Wednesday, January 28, 2015 3:19 PM

MUMBAI - Indian generic drugmaker Ranbaxy Laboratories Ltd reported a wider loss in the December quarter, hurt by foreign exchange losses and higher finance costs.

The company's net loss in the October-December period was at 10.3 billion rupees ($167.8 million), compared with a loss of 1.6 billion rupees ...

Ranbaxy Dec-quarter net loss widens on forex loss
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Sensex to receive further boost from Fed verdict
Published on Thursday, January 29, 2015 3:03 AM

Dalal Street which has been on an eight-day winning streak as the Sensex scales fresh heights, is set for a fresh positive trigger as the US Federal Reserve on Wednesday decides to stay on the ultra-easy money policy course as falling crude oil prices threaten to push inflation further below the 2 per cent target while a slowing global econom ...

Sensex to receive further boost from Fed verdict
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