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India approves raft of projects to kick-start investment 27 Aug 2013 | 02:58 pm
The government said on Tuesday it had approved a raft of infrastructure projects worth 1.83 trillion rupees to revive economic growth and restore investor confidence after a crash in the rupee to reco...
ONGC eyes foreign co for stake sale in Gujarat petchem project 27 Aug 2013 | 02:36 pm
Oil and Natural Gas Corp aims to sell at least a 25 percent stake in its $3.24 billion petrochemical project in Gujarat and is looking at foreign buyers, including Saudi Aramco, a company official sai...
Gold futures touch record high above Rs 32,500; seen hitting new peak 27 Aug 2013 | 02:30 pm
Indian gold futures, which hit a record high on Tuesday, are likely to touch the keenly watched 33,000 rupees per 10 grams mark this week, as a weakening rupee could continue to make the dollar-quoted...
Crisil to sell 49% stake in IISL for Rs 100 crore 27 Aug 2013 | 02:22 pm
Crisil Limited today said it will sell 49 per cent stake in IISL for Rs 100 crore to NSE Strategic Investment Corp. India Index Services & Products Limited (IISL) is Crisil's joint-venture with Natio...
Ponzi operators to face penalties worth three-times of profits 27 Aug 2013 | 02:00 pm
Operators of illegal money-pooling schemes will soon face penalties of up to three times the profit made by them, as against the current provision of a meagre fine of Rs one crore. The capital market...
Domestic factors also responsible for Re slide: Chidambaram 27 Aug 2013 | 01:48 pm
With rupee at its life-time low, Finance Minister P Chidambaram today said decisions taken at home to counter impact of 2008 economic meltdown were among the reasons for depreciation of the Indian cur...
Govt closely watching NSEL developments, will take action: FM 27 Aug 2013 | 01:40 pm
The government today said it is keeping a close watch on the developments in the crisis-ridden NSEL and will take action once reports of the two committees looking into the problems of the exchange ar...
CCI approves projects envisaging investment of Rs 1.83 lakh cr 27 Aug 2013 | 01:34 pm
Keen to get the investment cycle re-started, the Cabinet Committee on Investment (CCI) has cleared three dozen projects envisaging an investment of Rs 1.83 lakh crore, Finance Minister P Chidambaram s...
Bharat Biotech launches typhoid drug 27 Aug 2013 | 01:12 pm
Indian drugmaker Bharat Biotech launches world’s first conjugate typhoid vaccine. The pricing for this product, which is named Typbar-TCV, would be known in a week, a top official said. Bharat Biotec...
Are we too tolerant as a nation? 27 Aug 2013 | 12:37 pm
“Tolerance is the last virtue of a depraved society. When an immoral society has blatantly and proudly violated all the commandments, it insists upon one last virtue, tolerance for its immorality. It ...
