Anonymous sources
Economic Times
Allegations of lean gas purchases fuel probe into petronet's imports - Economic Times
"After the issue was raised by some MPs (Members of the Parliament) an enquiry was ordered," said a senior government official who did not wish to be identified. Petronet LNG (PLL), which is sourcing 7.5 million tonne per annum liquefied natural gas ...
Samsung Securities to announce Asia restructuring: Sources - Economic Times
Three sources at the brokerage, who did not want to be identified, said an internal meeting was expected to occur later Tuesday. A separate source said an official, public announcement may hit on Wednesday. Details of what is to be announced were not ...
Oriental Insurance, National Insurance need Rs 1000 crore as motor pool ... - Economic Times
But a sharp increase of 213% is most likely to hit our balance sheet and solvency," said a senior executive of National India Insurance who did not wish to be identified. "Our solvency will remain above 2% after making provisions," said AR Sekar, ...
BG likely to offer MGL stake along with Gujarat unit - Economic Times
A source close to the deal also said that BG needs to offer its stake in MGL to sweeten the Gujarat Gas deal as most players are not keen to pay a premium for its 65% stake in Gujarat Gas. "In this market and given the current regulatory environment, ...
Peugeot shutting down Mumbai office; reviews India plans - Economic Times
The French automaker, which had zeroed in on Sanand in Gujarat as the location for a Rs 4500-crore project to produce 170000 vehicles per annum, has initiated efforts to shut down its office in Mumbai, says a person close to the development.
Nestle and Amul locked in row over trademark - Economic Times
A Nestle India official who requested anonymity, however, said, "We are in talks with Amul over the alleged infringement of trademark, which we had purchased from North India. "The A+ brand is legally assigned to us in accordance with accepted ...
State Bank of India to get $1.6 billion from govt - Economic Times
The government's stake in SBI will rise to about 66 per cent from 59 per cent with injection of new capital, said a banking analyst at Mumbai-based brokerage who did not want to be identified as he was not authorised to speak to the media.
Sebi lens on Patni delisting sans iGate reducing stake below 75% - Economic Times
"The regulator is looking into it after some shareholders complained," said a person familiar with the matter. In a public announcement on January 11, 2011, iGate had said it will delist Patni shares, after completion of the open offer, under the Sebi ...
Nasscom likely to forecast slowdown in Indian software exports in 2012-13 - Economic Times
The person requested anonymity because he was not authorised to share projections before Nasscom's annual summit in Mumbai in February. "Double-digit growth for financial year ending March 2013 would be a safe prediction," the official added.
NMDC looking to acquire 2 properties in Australia - Economic Times
It will take about one or two month to complete the process," a source close to the development said. The Ridley project, 100 per cent owned by Atlas Mining, contains 970 million tonnes of high grade iron ore reserves and can produce 330 million tonnes ...
Government stares at Rs 1.5 lakh cr hole in its books - Economic Times
We are still trying," said a senior finance ministry official, who did not wish to be identified. The government's track record on disinvestment has also been dismal. It is unlikely to meet its target of raising Rs 40000 crore from stake sale in ...
Govt to scrap weekly inflation data release: Official - Economic Times
NEW DELHI: India will discontinue weekly release of food and fuel inflation data based on wholesale price index (WPI) and instead shift to monthly reporting, a government official said on Wednesday, without citing a reason. "The data will now come on a ...
IPO aspirants may take cue from Palco Recycle, move SAT over issue delays - Economic Times
Updating all the documents continuously can be painstaking, said the person who refused to be named. Securities lawyers point out that there are instances where the regulator is either suspicious of certain transactions in the company's books or ...
UP elections: Congress open to work with SP, BSP if UP produces hung house - Economic Times
A senior party leader, who declined to be identified, said the strategy was to have a say in the next government in Lucknow to ensure greater stability at the Centre in the wake of problems being posed by allies like Trinamool Congress.
Nokia Siemens secures 1.2 billion euro loan deal - Economic Times
... maker of mobile phone network equipment, has raised more than 1.2 billion euros from a group of 14 European and US banks as it looks to pay for a big redundancy programme and battle towards profitability, a source close to the deal said on Monday. ...
Volkswagen mulls buying Porsche before November: Dow Jones Newswires - Economic Times
A final decision has yet to be made as the evaluation of possible alternatives and related tax payments is continuing, it reported, citing three people familiar with the matter. According to disclosures from Volkswagen, Porsche SE has a put option to ...
Kuwait's $1-billion India Portfolio: Five local fund houses to manage - Economic Times
The fund houses have been allocated funds in the range of $200-300 million, according to people familiar with the matter. Almost 90% of the corpus will be invested in equities. "KIA is coming in as a long-term investor. It is a clear reflection of the ...
Vodafone verdict: After setback, government mulls change in taxation law - Economic Times
But, with the implementation of the new DTC shrouded in uncertainty, a government official said it was likely that this provision would be introduced in this year's budget on a stand-alone basis by amending the tax laws. "The idea is to protect any ...
Hong Kong's SC Lowy may put $280 mn in Kingfisher Airlines - Economic Times
NEW DELHI: Hong Kong's SC Lowy, which specialises in buying into illiquid assets and creating liquidity for them, is in talks with Kingfisher Airlines and may invest about $280 million to help turn around the company, a person close to the situation ...
Inter-ministerial panel approves subsidy cut on non-urea fertilisers - Economic Times
A final decision on this issue will be taken by Cabinet, a senior government official said. The committee has agreed to reduce the subsidy on DAP by Rs 4763 per tonne and on MoP by Rs 1054 per tonne, effective next fiscal, the official said. ...
China's economy shows more signs of slowing - Economic Times
"These draconian measures have been in place for more than a year, but if they go on for much longer it starts to get a bit dangerous for the broader economy," said a Shanghai-based property analyst, who spoke on condition of anonymity.
Reliance Communications plans $1.5 bn from IPO of undersea cable unit: Report - Economic Times
The debt-laden company, controlled by billionaire Anil Ambani, is planning to list the unit as a business trust and may sell 75 per cent of its stake in the planned IPO, said the source, who declined to be named. "Reliance Communications continually ...
Morgan Stanley said to limit cash bonuses to $12500, increase deferrals - Economic Times
Members of the company's operating committee, led by Chief Executive Officer James Gorman, 53, won't get any immediate cash, said the person, who declined to be identified because the plan hasn't been made public. Mark Lake, a spokesman for the New ...
Planning Commission appoints Narayana Murthy to channelize corporate funding ... - Economic Times
Every year this theme comes up at education summits hosted by industry chambers, but when it comes to a real and meaningful engagement or leveraging of private finance for education there is very little to show for it," a senior government official said.
GoM to discuss FDI in aviation today - Economic Times
"The GoM will discuss all the recommendations made by the group of secretaries," said a senior government official who did not wish to be identified. While foreign airlines are barred from investing in Indian carriers, other foreign investors are ...