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Rural banks told to shift to new system - Livemint
The first is that RRBs will be forced to clean up their books, and second, they will look at the accounts more carefully,” said a finance ministry official, who did not want to be identified. “We know it will throw up some huge unpalatable numbers. ...
India's $45 tablet fails to click in trials - Livemint
This official, too, declined to be named. Students who tested the device during the initial phase of trials voiced their dissatisfaction and suggested improvements. A student at the Indian Institute of Information Technology (IIIT), Allahabad, ...
JN Port | How a port contract's signing was postponed indefinitely - Livemint
... agreement is not mandatory as it is not mentioned anywhere in the request for qualification document, request for proposal document or in the draft concession agreement, at least two people briefed on the matter said on the condition of anonymity. ...
Kingfisher likely to cut more flights in summer - Livemint
“They are now planning to fly only 38-39 aircraft in the summer schedule,” said a government official, who declined to be named. A second government official confirmed the move. Airlines file their respective plans with regulator Directorate General of ...
Crisis stokes fear of a coup in Pakistan - Livemint
India, which has been seeking to revive the peace process that was derailed in the aftermath of the Mumbai terror attacks, is watching the evolving situation in Pakistan, a person close to the developments in New Delhi said. ...
I-banks look to smaller cities for better returns - Livemint
The focus is on mid-market companies,” said a Mumbai-based consultant who did not want to be identified. “Typically, the mid-size i-banks try to vie for sell-side mandates.” Small and medium enterprises around Delhi are “particularly vibrant”, ...
AI to release salaries as unions hold meet - Livemint
The central bank has agreed to additional requirements sought by lenders and allowed relaxations that will help Air India tide over the crisis, according to two government officials who declined to be named. The plan will allow Air India to save up to ...
India-US trade talks postponed indefinitely - Livemint
The US was convinced that the talks were being held at the wrong time with India unlikely to yield to its demands for greater market access, according to commerce ministry officials who did not want to be identified. United States trade representative ...
Govt to soon close deal for fighter jets - Livemint
New Delhi: The Eurofighter Typhoon may have emerged as the lowest bidder (L1) in the multi-billion dollar deal to procure 126 fighter jets for the Indian Air Force (IAF), according to people familiar with the matter. The two remaining contenders in the ...
Sutures to raise up to $40 mn from private equity funds - Livemint
He, too, spoke on a condition of anonymity. Sutures' company secretary and vice-president, finance, KS Reddy said the company has been looking for PE funding but no mandate has been given to any investment banker. “The funds raised would be utilized ...
OVL to resume drilling in South China Sea - Livemint
Ltd, who declined to be named. OVL is the overseas arm of the Indian explorer. The drilling was suspended last year after the exploration team was unable to tether the drill. China, which disputes sovereignty over the waters with Vietnam, ...
Volatility eases in currency market after RBI measures - Livemint
The market is expecting RBI to protect a certain level and this is giving the importers a lot of confidence,” said a financial market head of a private sector bank, who declined to be named. The local currency depreciated 17% in 2011, making it the ...
Hosts in blame game over poor crowd control - Livemint
“While things were in control on Thursday, it really went haywire on Friday with the beginning of the weekend,” said a Siam official who did not want to be identified. It was impossible to manage such a crowd given the infrastructure available, ...
After face-off with Trinamool, Congress faces internal conflict - Livemint
However, a senior cabinet minister, who did not want to be identified, said: “Why should we sacrifice Uttar Pradesh if his (Rahul's) hard work is yielding results? It will be suicidal to risk it for barely two years at the centre. ...
The critics rave... for Microsoft? - Livemint
... Nokia plans to introduce a sleek metallic Windows Phone called the Lumia 900 that will be sold by AT&T in the US, according to two people with knowledge of its plans who spoke on condition of anonymity because the product has not yet been announced ...
RBI clears Air India recast plan - Livemint
The central bank has agreed to the additional requirements sought by lenders and allowed relaxations that will help Air India tide over the current crisis, according to two government officials who declined to be named. The plan will allow Air India to ...
RBI clears Air India recast plan - Livemint
The central bank has agreed to the additional requirements sought by lenders and allowed relaxations that will help Air India tide over the current crisis, according to two government officials who declined to be named. The plan will allow Air India to ...
Sebi meets stakeholders to gauge market mood - Livemint
He did not want to be identified. Several mutual fund chiefs asked for a clampdown on upfront fees that fund houses pay to distributors to incentivize sales, at their meeting with Sinha. Fund houses have asked for a ban or some limits on the upfront ...
Loan recast plans of Basix, Swaws hit a roadblock - Livemint
He, too, declined to be named. In April, banks had restructured around `5000 crore of MFI loans after RBI allowed them to do so without classifying them as bad debt on their books. The banks were given time till June 2011 to complete the loan recast ...
Quality norms for electronics may shut out Chinese goods - Livemint
“Through this policy mandate, we will reinforce existing standards, which are internationally acceptable, instead of reinventing any new standards,” said the DIT official, who did not want to be identified as the policy is yet to be notified. ...
Indian firms in talks to refine Venezuelan crude at home - Livemint
“The talks are in initial stages with the private refiners,” said the head of a consortium partner company, who did not want to be identified. India has made rapid strides in refining. The country has a refining capacity of 194 mtpa, the fifth largest ...
Policy on mobile governance and e-authentication soon - Livemint
... of India is building an online authentication regime based on a person's Aadhaar or unique identity number and biometrics, certain services do not require such high levels of authentication, said a DIT official who did not want to be identified. ...
Road map on fiscal deficit pushed to budget session - Livemint
It may now probably be tabled only in the budget session, said two finance ministry officials, who declined to be named. Finance minister Pranab Mukherjee had promised the introduction of the road map in this year's budget speech. ...
Government to decide soon on budget date - Livemint
A senior minister in the government, who did not want to be identified, said that both Prime Minister Manmohan Singh and finance minister Pranab Mukherjee will discuss the matter early next week. The Election Commission of India on 24 December ...
Haryana road chipping away at toll collections, says GMR - Livemint
Both officials declined to be identified. They, however, said that the state governments had technically not violated any contractual obligations by building another road in the vicinity of the highway built by GMR. The ministry official said that the ...