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Business Standard
Govt wants airlines to limit number of preferred seats on flights - Business Standard
... airline heads the plan to create an ombudsman to help redress grievance of passengers. "The airlines have agreed in principle for creation of ombudsman. We have to share draft plan with them for comments,'' a senior government official said. Read ...
Shale gas policy: big companies stand to lose - Business Standard
These companies, it was proposed, could be asked to match the offer of the selected bidder if the shale block concerned overlapped with another block, said an official close to the development. In case the company refused to match the bid, a co ...
Shale gas policy may hit big companies hard - Business Standard
These companies, it was proposed, could be asked to match the offer of the selected bidder if the shale block concerned overlapped with another block, said an official close to the development. In case the company refused to match the bid, a co ...
Odisha in no hurry to allot land to Dhamra port - Business Standard
There is prevailing uncertainty on change of ownership of the port,” a senior government official said, requesting anonymity. “It would be prudent to take a call on land-leasing after ownership issues are settled, though a change in ownership at this ...
Odisha in no hurry to allot land to Dhamra port - Business Standard
There is prevailing uncertainty on change of ownership of the port,” a senior government official said, requesting anonymity. “It would be prudent to take a call on land-leasing after ownership issues are settled, though a change in ownership at this ...
Pawar may head new GoM on restructring CSS - Business Standard
“After the GoM comes out with some suggestions, a fresh cabinet note will be drafted,” a senior government official said. The BK Chaturvedi panel in its first recommendations on rejigging the Centrally Sponsored Schemes had suggested bringing down the ...
Panel on PPP models for coal likely to meet this week - Business Standard
"The panel under the Chairmanship of Coal Secretary S K Srivastava may meet this week to deliberate on different models of PPP route suggested by various ministries, including Department of Economic Affairs and Law," a government official said. The ...
Retail chains, kiranas differ over LBT - Business Standard
The rate of LBT is lower in many essential items," said an executive with Future group, who did not want to be identified. Added a top executive from D Mart: "It's just a self declaration of income. Whatever goods come from outside, we have to file ...
Govt may appoint 6-7 merchant bankers to manage CIL stake sale - Business Standard
"There is a proposal to appoint six to seven merchant bankers to manage 10% equity sake in Coal India," a government official said. A final decision on the same will be taken shortly, the official added. In 2010, six merchant bankers- Citibank ...
ONGC invites fresh bids for direct sale of gas from Gamij - Business Standard
And the process started once again," said a person close to the development. It may be noted that the delay in execution of the project cost heavily as gas flaring (releasing gas in open air) continued from the Gamij field for a year now. The last date ...
Hunger strike at M&M Nashik plant continues - Business Standard
The business at the plant is as usual," the official, who did not wish to be identified, said. The union is demanding inflation-linked wage revision, besides restricting the wage agreement period to three years against three-and-a-half years now ...
Former Finmeccanica chief released from jail - Business Standard
Orsi's trial will begin on June 19 after a judge ruled on Friday that there was enough evidence for a procedure to start immediately, legal sources close to the case told Reuters. In an e-mailed statement, Orsi's lawyer Ennio Amodio said on Saturday ...
Lower interest rates likely to keep investors away from tax-free bonds - Business Standard
It doesn't make sense for the government to forgo tax and then borrow at a higher cost," a finance ministry official, who did not wish to be identified, said referring to the coupon rate on this year's bond. In Budget 2013-14, the government earmarked ...
'RBI was in loop on Saradha, others' - Business Standard
However, the central bank failed to nail them down, said a senior official on the condition of anonymity. “We have received information under MCA 21 that some of these companies are operating as non-banking financial companies (NBFCs), but are not ...
Israel bombs Hezbollah-bound missiles in Syria - Business Standard
"We believe it is linked to Israel's concerns over the transfer of weapons, particularly chemical weapons, from Syria to its ally Lebanon," said the official, who asked not to be named. Syrian government sources denied having information of a strike ...
Keen on finance, strong on dissent - Business Standard
He is remembered as a mentor and a manager who was very firm on his decisions," a former Nalco colleague told Business Standard, on condition of anonymity. He added while at Nalco, Jayaraman contributed immensely as regional manager (North) posted ...
Ambani brothers to sign new infra sharing pacts by mid-June - Business Standard
... sharing agreements respectively for the intra city optic-fiber network and telecom towers have moved to advanced stage and are likely to be announced in 4 to 6 weeks,” said a person familiar with the discussion who did not wish to be identified ...
Lower interest rates may keep investors away from tax-free bonds - Business Standard
It doesn't make sense for the government to forgo tax and then borrow at a higher cost,” a finance ministry official, who did not wish to be identified, said referring to the coupon rate on this year's bond. In Budget 2013-14, the government earmarked ...
Mistry builds his Team 'A' with young blood - Business Standard
... execute his vision and strategy,” said a management consultant, who has worked with the group earlier. He did not wish to be identified. “This also relieves the senior members of the board to advisory role while the young team builds its learning ...
Hydro power may be declared renewable energy - Business Standard
A power ministry official, who did not want to be identified, told Business Standard that against an identified hydro capacity of 148,701 MW, only 34,664 MW has been developed so far. “The capacity under construction is 12,414 MW, while the capacity so ...
Mistry builds his Team "A" with young executive body to drive growth - Business Standard
He did not wish to be identified. “This also relieves the senior members of the board to advisory role while the young team builds its learning,” he said. The GEC comprises N S Rajan, 51, who has been appointed as chief human resource officer for the ...
Advisory group to mull steps to boost hydro-power capacity - Business Standard
A power ministry official, who did not want to be identified, told Business Standard, “Despite identified hydro capacity of 1,48,701 MW, so far an installed capacity of 34,664 MW was developed. The capacity under construction is 12,414 MW while the ...
Over 50000 central forces for Karnataka polls - Business Standard
All the security personnel have already reached Karnataka and are on the process of reaching their designated places of deployment, a senior government official said. Authorities have directed security personnel to ensure tight security across the ...
ECB norms likely to be relaxed for low cost housing, infra - Business Standard
We will have a meeting shortly to consider relaxing the norms,” a finance ministry official, who did not wish to be identified, told Business Standard. Under the ECB route, borrowers can raise dollar-denominated loans directly from international banks, ...
Environment concerns on shale gas weigh heavy on govt mind - Business Standard
According to an official close to the development, the draft of shale gas policy has been sent for inter-ministerial consultation—to the ministry of finance, environment, law and planning commission. While the petroleum ministry is confident to ...