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Economic Times
Directorate General of Hydrocarbons okays Cairn's Bhagyam Plan - Economic Times
said a person close to Cairn India. The management committee comprises Cairn India, ONGC and representatives of the DGH and the petroleum minister while the OC is composed of only JV partners Cairn India and ONGC. "The representatives of the oil ...
Farmers didn't benefit from guar rally: MPs - Economic Times
The MPs' complaints may assume significance not so much for the sharp and sudden price spike than for the fact farmers did not get the price benefit of it, said a broker who asked not to be named. Brokers and some traders cried foul over the spike at a ...
Infrastructure sector growth data for November higher after near-stagnation - Economic Times
The output of the core sector, which in India includes industrial inputs such as petroleum, coal, electricity and steel, expanded over 4.5-5% in November, a government official said, adding that the final figure could rise to 5%. ...
Indonesia to tighten rules for foreign firms like RIM - Economic Times
JAKARTA: Indonesia will next year order foreign providers of electronic transactions such as Research In Motion to build local data centres and may ultimately stop them operating if they fail to comply, a senior government official said on Friday. ...
Government seeks views of online players like Google, Facebook, Yahoo on ... - Economic Times
"The government found it was imperative to put its point across the public on social media," an official in department of IT said on condition of anonymity. "The dialogue is about how social media can empower the government. Under the normal processes ...
Lokpal bill may get cabinet nod on Sunday - Economic Times
NEW DELHI: The Lokpal bill is likely to be discussed and approved at a special cabinet meeting to be held Sunday, official sources said. The bill is then likely to be tabled in parliament Tuesday for urgent consideration and passage, the sources said. ...
Congress MPs appear to hinder land acquisition bill to pass before UP assembly ... - Economic Times
Should land be acquired by the government if it is being finally used for profit," asked a Congress MP on the panel, who did not wish to be identified. According to the MP, there was no need for acquisition of land when it can be purchased at an ...
Sebi may keep family offices out of private capital norms - Economic Times
"Sebi has received feedback that the definition is too broadly worded," said a person familiar with the matter. He added that the regulator is likely to exempt these entities as the intention of the new rules is different. In August, Sebi had announced ...
Cabinet to discuss anti-money laundering law, Food Bill & power fund today - Economic Times
The new money laundering bill proposes to allow investigating authorities to seize bank accounts of violators at the investigation stage itself, give more powers to the special court and bring more entities under the law, a government official said. ...
Sinha Panel backs non-voting shares for bank capitalisation - Economic Times
"This may fast track the process and will bring a major change in the current form of capitalisation support," a senior government official said, requesting anonymity. A non-voting share for a bank will be a share where the holder has no voting right. ...
FDI in retail: Relief for Walmarts, cap on froup sales may go - Economic Times
"There are multiple definitions for 'group company', so there is a need to clarify what constitutes it under the FDI policy," a government official said. The DIPP has proposed to treat only those entities as group companies in which the company has ...
Indian Oil Corp targets FIIs to raise Rs 2000 crore through 5-year bond issue - Economic Times
MUMBAI: Indian Oil Corp (IOC) will raise around Rs 2000 crore through a 5-year bond issue, targeting foreign institutional investors, people familiar with the matter said. The state-owned oil and gas company has roped in nine merchant bankers for the ...
Securities and Exchange Board of India will soon set rules for analysts - Economic Times
Two people familiar with the matter said that the regulator is framing rules to ensure that financial services firms strengthen barriers - referred to as a Chinese wall - between research and business units, mainly investment banking, ...
CBDT, DRI & ED told to probe exports to tax havens Bahamas & Cyprus - Economic Times
NEW DELHI: The finance ministry has asked three of its investigating arms to probe all exports to tax havens Bahamas and Cyprus, an official in the ministry told ET on the condition of anonymity. The ministry is concerned about the sudden surge in ...
Aviation Ministry agrees for 26 per cent FDI in private airlines - Economic Times
"They (the Civil Aviation Ministry) have come on board for 26 per cent FDI," a senior government official said. He declined to divulge the details. The Department of Industrial Policy and Promotion (DIPP) had proposed 26 per cent foreign direct ...
Congress website hacked, restored - Economic Times
"One of our three websites was hacked by miscreants, but our technical people restored it soon," a party leader told IANS on a condition of anonymity. The hackers had defaced the profile page of Gandhi with a pornographic message, the sources added. ...
Euro zone to lend IMF 150 bn euros, push forward ESM: Source - Economic Times
Speaking hours before a European Union summit aimed at showing the bloc can get the spiralling debt crisis under control, the source said the IMF money would come via bilateral loans from national central banks in the 17 euro states. ...
Ranbaxy appoints Manjeet Bindra as data reliability officer in US to prevent ... - Economic Times
Manjeet Bindra, VP-quality at its American subsidiary, Ranbaxy USA, has taken over the role of 'data reliability officer', a person close to the development said. This follows a demand from the US authorities that the Indian drugmaker should ...
Kingfisher Airlines' pilots air their grievances for not getting paid for two ... - Economic Times
... management have not yielded any results so far, and this step was taken after the top management in a verbal communication to pilots promised salaries by December 2 without any outcome," said a Kingfisher pilot who did not wish to be identified. ...
Verizon to take on Netflix with Web service - Economic Times
People familiar with the plans declined to be identified as the discussions between Verizon and programming partners are confidential and sensitive. Verizon has been back and forth with programmers over the last two years exploring the possibility. ...
Choked at home, Reliance Infrastructure looks for projects overseas - Economic Times
The company, part of the Anil Dhirubhai Ambani Group (ADAG), sees an internal rate of return of 20% from projects, which it aims to execute quickly, a senior company official who did not want to be identified, said. "There are issues related to land ...
NREGA's new avatar: Work later, take home cash now - Economic Times
"We have asked states to do the pilots in those areas where delay in payment is primarily due to shortage of staff," said an official in the rural development ministry who did not wish to be identified. "The amounts paid in advance will get adjusted ...
FDI in retail: Is BJP making the N-deal error or is its 'Left turn' working? - Economic Times
Another leader who did not wish to be identified said "all aspiring party leaders [prime ministerial and party presidential hopefuls] are vying to appease the RSS [which is pro-swadeshi]". And some party leaders have been anxious: will the opposition ...
FDI in retail: Mamata Banerjee puts the agenda on hold - Economic Times
"We heard the West Bengal chief minister announcing a decision of the government at the Centre. We want the centre to explain," said CPI leader Gurudas Dasgupta. Meanwhile, a senior government official said he had no clue about any policy change. ...
Ex-Temasek India head Manish Kejriwal may team up with CD&R - Economic Times
CD&R will take a minority stake in Kedaara Capital, an India-focused private equity fund manager set by Kejriwal after he exited Temasek earlier this year, according to people familiar with the matter. They spoke on condition of anonymity and declined ...