Anonymous sources
Economic Times
Transfer of the nodal point of fertiliser subsidy has companies and retailers ... - Economic Times
"My fear is 1% retailers will be ready for this," says Thakur, who did not want to be seen to be antagonising the fertiliser ministry, which controls subsidies, and so declined to be named. A fair degree of scepticism runs through even among those who ...
Diplomat S Balachandran manhandled in China, New Delhi lodges protests - Economic Times
Beijing's deputy chief of mission in New Delhi, Zhang Yue, was called to the Indian foreign ministry that night itself, a government official said. This row comes a month after a spat between China and India over a speech by Tibet's spiritual leader ...
Reliance Power, Shell plan east-coast LNG unit - Economic Times
"The port is considered to be an ideal location for setting up an LNG import terminal due to its modern infrastructure, all-weather operations and proximity to gas consumers in Andhra Pradesh," said the official, who did not wish to be identified. ...
Bonds fall on speculation debt sales will increase - Economic Times
The government may raise that target again, a finance ministry official, who declined to be identified ahead of a public announcement, said on Thursday. "I would expect additional borrowing of about Rs 400 billion," said NS Venkatesh, head of treasury ...
Power Finance Corp, National Thermal Power Corp, REC line up to tap pension ... - Economic Times
MUMBAI: Power Finance Corp, National Thermal Power Corp and Rural Electrification Corp are likely to launch medium- to long-term infrastructure bonds in the first week of January to raise 3000-5000 crore each, people familiar with the matter said. ...
Collins Stewart Inga promoters buy out foreign stakeholders - Economic Times
The Indian promoters of Collins Stewart Inga have bought out the foreign stakeholders to acquire the entire control of the Mumbai-based category-I merchant banker, according to a person familiar with the transaction. The Indian promoters led by the ...
India may bring Japan on board for manufacturing plan - Economic Times
"The projects will be bid competitively and we are hoping to see the same level of enthusiasm from the Japanese investors as we saw in case of the industrial corridor," he added on the condition of anonymity. Japan is already a major development ...
Euro-III fuel to be phased out in 7 cities from March 31 - Economic Times
"The decision will require simultaneous improvement in engine technology in new vehicles to reduce emission levels and deliver higher fuel efficiency," a government official said. "Automobile manufacturers have told us that they are prepared to meet ...
Petroleum ministry to refund $120mn to Cairn India & Ravva Oil - Economic Times
"The oil ministry will have to pay close to $120 million to Cairn and Ravva," a person close to Cairn India told ET. This follows a recent Federal Court judgement setting aside a Malaysian High Court order directing Indian companies to deduct the ...
Oman Investment Fund seeks government nod for UCX stake buy - Economic Times
... the Sultanate of Oman's sovereign wealth fund, has filed a fresh application with the government to buy a stake in Universal Commodity Exchange (UCX), promoted by software solutions company, IT People, a person close to the development said. ...
BSNL may re-employ Indian Telecom Service officers under 58 years - Economic Times
And to induce them to quit government service and return to BSNL, DoT may take over their pension liability, a senior government official said. Last month, a majority of the ITS officers opted for a transfer to the telecom department, where the pension ...
NTCA to conduct tiger census in India annually - Economic Times
The National Tiger Conservation Authority (NTCA) has decided to annually conduct tiger census in all the tiger reserves of the country from next year, sources said. The annual census would be conducted in the tiger reserves of India, including six in ...
Irda asks GIC to honour pact with ICICI Lombard and HDFC Ergo, pay commission - Economic Times
"We are not deciding on whether GIC should pay commission, or not," said an Irda official, who did not want to be identified. "We want GIC to follow the agreement that they had entered for 2011-12 with the companies," he added. ...
Government still to decide on extra borrowing in fiscal H2: Source - Economic Times
The official, who declined to be named, said the government is still to decide whether to announce additional market borrowing in the second half of the fiscal year that ends in March 2012. New Delhi on Monday said it will sell l50 billion rupees of ...
Bank of America mulls more asset sales to boost capital - Economic Times
Bank of America Corp is lagging behind its major US competitors in complying with new capital rules, leading the bank to consider even more asset sales, sources said. The bank's management is focused on not being an outlier compared to its peers and ...
Foreign drug cos can't raise prices arbitrarily, NPPA to cut profit margin - Economic Times
The National Pharmaceutical Pricing Authority (NPPA) has decided to cut profit margin on such medicines unless the higher prices are justified, a senior government official said. According to current drug price control laws, the NPPA fixes the maximum ...
Dubai sets 2012 budget with lower $498 mn gap - Economic Times
Dubai, which narrowly averted a bond default in 2009, could use money raised by its sovereign wealth fund to help repay $3.8 billion in bonds owed by state-linked firms which mature next year, a source said. The Gulf Arab emirate has clawed its way ...
FDI dips by 50 pc to $1.16 bn in Oct - Economic Times
However, during the April-October period, the FDI went up by 50.3 per cent to $20.8 billion, from $13.84 billion in the year-ago period as inflows were robust in the initial months, a senior government official said. While in August foreign investment ...
News Corp near hiring new top lawyer: Report - Economic Times
The source declined to be named because of the sensitivity of the talks. A News Corp representative declined to comment. Zweifach could not be immediately reached for comment. A 29-year veteran at White & Connolly, Zweifach's work as a litigator has ...
Pfizer India takes National Pharmaceutical Pricing Authority to court over ... - Economic Times
The Pfizer spokeswoman declined to say which firm would bear the financial liability, but a person close to the development said Pfizer would be accountable for the charges. NPPA has a dismal track record of recovery of overcharged amount, ...
Hurriyat faces pressure from within to restructure - Economic Times
"He was supposed to restructure within 45 days, but that did not happen," a senior separatist leader told ET on the condition of anonymity. Although a committee was constituted, it never made any recommendation possibly because "role of some of the ...
Government may have to warm up to NDA to wriggle out of Lokjam - Economic Times
The bill brought by us has not pleased anyone," said a senior minister who asked not to be named. He said the passage of the bill in the Rajya Sabha will now depend on the concessions that the government is willing to offer to the Opposition, ...
Greece close to bond swap deal, says finance minister Evangelos Venizelos - Economic Times
Separately, a government official said on Tuesday that the negotiations were going well and that the initial terms of the so-called Private Sector Involvement (PSI) were likely to be finalised by early January. Bankers have in general been less ...
Power latest to suffer from Reliance Industries' D6 output fall - Economic Times
... D6 block to city gas distribution firms, the government has ordered cuts in supply to power plants as output from Reliance Industries-operated block has slumped below 40 million standard cubic meters per day (mmscmd), a government official said. ...
Kingfisher grounds 15 planes; banks working with airline - Economic Times
A Kingfisher executive, who declined to be identified, told Reuters the airline had grounded 15 of its planes but did not say how long they had been grounded or why. The executive was speaking after the Economic Times reported that Kingfisher had ...