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  • SBI to Carry On in UK Despite Crackdown on Foreign Banks: Report

    SBI to Carry On in UK Despite Crackdown on Foreign Banks: Report

    State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country.

  • TCS Joins US-Based IT Industry Body

    TCS Joins US-Based IT Industry Body

    Tata Consultancy Services, India's largest software exporter, has joined US-based Information Technology Industry Council (ITI), an IT services, consulting and business solutions organisation, it was announced on Monday.

  • Government Forms Panel to Frame Bankruptcy Code

    Government Forms Panel to Frame Bankruptcy Code

    The government has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses.

  • Private Fuel Retailers to Dip Toe, Not Dive Back, Into India

    Private Fuel Retailers to Dip Toe, Not Dive Back, Into India

    The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.

  • PM Modi Steps Up Economic Reforms, Eyes Privatisation

    PM Modi Steps Up Economic Reforms, Eyes Privatisation

    The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls.

  • Oil Slips Below $86 on Global Oversupply

    Oil Slips Below $86 on Global Oversupply

    Brent crude slipped below $86 a barrel on Monday, resuming a downward move that took the global oil benchmark to near a four-year low last week as supply overwhelmed weak demand in several key markets.

  • Government Pushes Ahead With Coal Reforms

    Government Pushes Ahead With Coal Reforms

    The government moved on Monday to open up its coal industry to commercial mining, signalling the most serious shift in 42 years toward allowing private players full participation in the sector.

  • Panel for Allocating Spectrum to Telecom Firms Within 'Reasonable' Time: Report

    Panel for Allocating Spectrum to Telecom Firms Within 'Reasonable' Time: Report

    Telecom operators could get spectrum within 90 days after payment following a government panel asking the Department of Telecom (DoT) to work out a mechanism for allocating the airwaves to successful bidders in a reasonable period.

  • Proposed Ordinance Sets Roadmap for Coal Reforms, Mines to be E-Auctioned

    Proposed Ordinance Sets Roadmap for Coal Reforms, Mines to be E-Auctioned

    Finance Minister Arun Jaitley on Monday signalled that the government may allow commercial use of mines in the future, but did not indicate when. The government is also using an executive order or Ordinance to acquire the land of nearly 214 coal blocks that were cancelled in September by the Supreme Court.

  • Hindustan Construction Company Bags Rs 393-Crore Contract

    Hindustan Construction Company Bags Rs 393-Crore Contract

    Engineering firm Hindustan Construction Company (HCC) on Monday said it has bagged a contract worth Rs 393 crore contract from the Union Ministry of Road Transport and Highways.

  • Government May Reimpose Curbs on Gold Imports

    Government May Reimpose Curbs on Gold Imports

    The government is mulling over reimposing some restrictions on gold imports after Diwali as higher inward shipments of the metal in the last few months have pushed up the trade deficit, a government official said.

  • Freeing Diesel Will Allow RBI to Cut Rates: India Ratings

    Freeing Diesel Will Allow RBI to Cut Rates: India Ratings

    The government's decision to free diesel prices will give more space to the Reserve Bank (RBI) to slash interest rates earlier than expected, and also help in improving the overall finances of the country, according to a report by India Ratings.

  • Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet

    Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet

    The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal supply urgently to reduce import dependence and provide uninterrupted power to fuel a growing economy.

  • Flipkart Leases Bangalore Office Space in Largest Deal

    Flipkart Leases Bangalore Office Space in Largest Deal

    In the largest office leasing deal, homegrown e-commerce giant Flipkart on Saturday agreed to take 3 million square feet of prime office space in Bangalore from realty firm Embassy group at an annual rent of Rs 300 crore.

  • Gate 2015: Last Day for Application is October 20

    Gate 2015: Last Day for Application is October 20

    GATE 2015 application is through the online process only, and no hard copies of supporting documents are accepted. Payments have to be made through debit/ATM cards, credit cards or internet banking and e-challan only.

  • Gas Price Hike Fruitful if Discoms Buy Costlier Power: NTPC

    Gas Price Hike Fruitful if Discoms Buy Costlier Power: NTPC

    With the government announcing increase in the price of domestically produced gas, state-run NTPC said the move will prove beneficial only if the power distribution companies buy the electricity produced from the plants consuming the costlier fuel.

  • Gold Recovers to Rs 27,775 on Festive Buying, Global Cues

    Gold Recovers to Rs 27,775 on Festive Buying, Global Cues

    Gold prices recovered by Rs 75 to Rs 27,775 per 10 grams in the national capital on Monday, on the back of increased buying by jewellers and retailers amid the ongoing festive season and firming global trend.

  • RIL Shares Fall; Gas Price Hike Seen Lower Than Expected

    RIL Shares Fall; Gas Price Hike Seen Lower Than Expected

    RIL will not get the benefit of the price rise for gas produced from its D1 and D3 gas fields.

  • Banks Gain on Rate Cut Hopes; Axis Bank Leads

    Banks Gain on Rate Cut Hopes; Axis Bank Leads

    Axis Bank , which reported its second quarter earnings on Friday, was the top gainer on the banking sub-index on the BSE. Nomura on Monday raised its target price on Axis Bank from Rs 460 to Rs 490 citing a beat in its pre-provision operating profit (PPOP).

  • Tax Sops Key to Success of REITs: Sebi Official

    Tax Sops Key to Success of REITs: Sebi Official

    Tax incentives are key to the success of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), a senior Securities and Exchange Board of India official has said.

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