Civil Aviation Minister Vayalar Ravi today said it is considering the recommendation of the Department of Industrial Policy & Promotion (DIPP) to allow foreign carriers to pick up stake in domestic airlines.
Research firm Nomura has said it expects inflation in India to remain elevated at around 9 per cent till November.
Projects involving the construction of small ports, multi-purpose jetties and cargo terminals have been given industry status by the state government.<br /><br />
The International Monetary Fund (IMF) must look for alternatives to augment its resources for combating the sovereign debt problems of the European nations, without derailing the agreed quota reforms, says India's Finance Minister Pranab Mukherjee.
Sovereign debt problems in Eurozone and slow recovery in the US are taking toll on the emerging economies, but the Indian economy may still clock over 8 per cent growth, Finance Minister Pranab Mukherjee said today.
Clinton's speech, billed as a major address, sought to outline the Obama administration's increasing focus on economic issues as the United States heads into the 2012 election season hobbled by huge budget deficits and stubbornly high unemployment.
Holding that Lavasa has not complied with pre-conditions, Environment Ministry Friday refused to grant green clearance to first phase of its Hill City project near Pune, till all criteria are met.
Sesa has made donations to different political parties based on the requests received, after obtaining requisite approvals from its Board of Directors, the company said.
Protestors outside the Kudankulam nuclear plant were allegedly beaten up Thursday night. Among those roughed up were four disabled youth.
He said the Power Ministry is taking various steps to resolve the power crisis in the country and is in constant discussions with the ministries of coal and railways regarding the matter.
In economies where inflation remains above target and inflation expectations have continued to rise, such as in China and India the current pace of monetary tightening remains appropriate: IMF
The Bill has been hanging fire due to inter-ministerial differences on the issue of outsourcing the BIS's licencing job to private players.
On the other hand Nilekani said Gujarat should emerge as a role model for others states in the Aadhar project, which shall benefit the common man.
Petrol price were freed from government control in June 2010 but rates have not moved in tandem with imported cost. <br /><br />
Brent's risk premium has risen closer to $15 a barrel from $5 to $10 previously after top Iranian crude buyers China and India planned to reduce imports from the Islamic Republic, said Commodity Strategist at ANZ bank, Robertsona.
Scores of private and state-owned banks, threatened by a rising volume of bad debts, will be hard-pressed to follow the RBI with a cut in lending rates.<br /><br /> <br /><br />
The new rules would also bring in relaxed merger and acquisition norms and operators would also be free to acquire additional frequency beyond the prescribed limit through auction.<br /><br /> <br /><br />
Manufacturing and engineering, retail, FMCG, banking and financial services and IT/ITeS are major sectors that would see maximum hiring from smaller cities.
Planning Commission Deputy Chairman Montek Singh Ahluwalia today advocated tight regulation and transparency in allocation of natural resources, as corruption in allotment of mines and 2G spectrum has been making headlines for some time now.
The operators contended that there would be no loss to DoT on the revenue front by the roaming pact as the telecom firms are paying licence fee.
Jet Airways Chairman Naresh Goyal today came out in support of the proposal to allow foreign airlines to pick up stakes in Indian carriers.
In a bid to accelerate the growth and wider spread of ATMs, the Reserve Bank today issued draft guidelines for permitting non-banking entities to set up, own and operate such money dispensing machines.
Global mobile communications major Vodafone Plc is evaluating the merits of a potential acquisition of Cable & Wireless Worldwide, a more than 150-year-old telecom entity that was primarily set up to cater to the needs of the erstwhile British Empire.
The call by the head of the International Air Transport Association comes amid signs that the EU may be willing to soften a unilateral stance that also risks souring efforts to resolve Europe's sovereign debt crisis with Chinese support.
Eight PSUs (including STC, MMTC , RCF and National Fertilizers ) in which the government holds more than 90 percent stake are likely to get impacted positively.
According to Fitch, banks' exposure to the telecom companies that are losing 2G licences is around 0.6 per cent of their total loans.
The funds will be used to support renewable energy and energy efficiency projects in India.
The consortium is to bid in response to Afghanistan's invitation to express interest by 9 March for gold and copper deposits in its provinces.
Iran's supplies to India have been fraught with payment problems in the last 13 months. However, Iran is now ready to accept payment in rupees from India
AAI is responsible for managing the civil aviation infrastructure in the country