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Govt seeks legal advisers to sell Oil India, Engineers India stakes
Published on Saturday, July 4, 2015 10:22 AM

NEW DELHI  - India took a step toward selling minority stakes in eight state-run companies including Oil India Ltd and power generator NTPC  on Friday, part of a drive to sell off $11 billion of government assets this fiscal year.

The government said in a statement it had invited legal advisers to s ...

Govt seeks legal advisers to sell Oil India, Engineers India stakes
79747
Crop sowing accelerates on surplus monsoon rains
Published on Friday, July 3, 2015 5:51 PM

MUMBAI  - Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks.

Weather officials forecast monsoon rains would remain subdued in large parts of the count ...

Crop sowing accelerates on surplus monsoon rains
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RBI, govt in talks to scrap import curbs on gold-silver alloy - sources
Published on Friday, July 3, 2015 4:22 PM

By Neha Dasgupta and Manoj Kumar

MUMBAI/NEW DELHI  - The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuter ...

RBI, govt in talks to scrap import curbs on gold-silver alloy - sources
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ICRA pegs FY 16 India economic growth at 7.4-7.6%
Published on Friday, July 3, 2015 3:46 PM

Leading domestic rating agency ICRA expects Asia’s third biggest economy to gain steam in the coming quarters driven by a better than expected monsoon and sowing turnout in June that may push the Reserve Bank of India (RBI) to cut interest rates further in the ongoing fiscal, helping to revive the infrastructure, investment and growth c ...

ICRA pegs FY 16  India economic  growth at 7.4-7.6%
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Airbus to build military choppers in India with Mahindra
Published on Friday, July 3, 2015 2:52 PM

NEW DELHI  - Europe's Airbus Group and India's Mahindra Group have struck a deal to build helicopters jointly as they bid to win an expected wave of orders from the country's armed forces, the companies said in a statement on Friday.

The two groups will form a joint venture in the coming mont ...

Airbus to build military choppers in India with Mahindra
79719
MTNL gains nearly 17% on plans to delist stock
Published on Friday, July 3, 2015 2:13 PM

Shares of Mahanagar Telephone Nigam Ltd (MTNL) rose nearly 17 per cent in early trade on Bombay Stock Exchange (BSE) on media reports that the government is planning to delist the stock before merging the telecom operator with Bharat Sanchar Nigam Ltd. The telecom department (DoT) in September 2014 had set a cutoff date of July 31, 2015 for c ...

MTNL gains nearly  17% on plans  to delist stock
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India earns forex revenue of $5.5bn from marine exports in FY15
Published on Friday, July 3, 2015 2:10 PM

During the financial year 2014-15, exports of marine products reached an all-time high of USD 5511.12 million, breaking all previous records in quantity, rupee value and USD terms. “Exports aggregated to 10,51,243 MT valued at Rs. 33441.61 crores and USD 5511.12 million. Seafood exports recorded a growth of 6.86 per cent in quantity, 10 ...

India earns forex revenue of $5.5bn  from marine exports in FY15
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RBI to soon test waters with plastic notes of one denomination
Published on Friday, July 3, 2015 11:27 AM

RBI will soon "test waters" for plastic currency, beginning with Rs 10 notes and the process should be "fully on" in the coming year, said the media report. "Plastic currency is to test waters with one denomination. We started the process of procuring it. But in the process some technical problems had come up. So we a ...

RBI to soon  test  waters with plastic  notes of one denomination
79681
Count unallocated spectrum in deciding limit - Trai to DoT
Published on Friday, July 3, 2015 2:10 PM

TRAI has said that the unallocated telecom spectrum should also be counted while determining limit of airwaves that a company can hold. Trai's observation, which comes in reply to DoT seekign its opinion, has widened spectrum holding basket for big telecom operators and specially those who are looking forward to consolidation. "...An ...

Count unallocated spectrum in deciding limit - Trai to DoT
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