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Economic Times
Court directs Sebi to speed up probe into DLF IPO - Economic Times
He requested anonymity as the investigation was not yet complete. The non-disclosure is about a case filed by Delhi police, against DLF and Sudipti Estates for allegedly "duping" Sinha of 34 crore. The case relates to a dispute over payment for land ...
IPL spot-fixing: Women used to lure players - Economic Times
Asked why the bookies needed to blackmail the players when they were very much hand in glove with them, the source said that unpleasant situations are likely arise in the business -- like the one where Chandila declined to return Rs 20 lakh which he ...
ICICI, HDFC Bank instruct staff to go slow on sales of insurance products - Economic Times
"Banks have verbally communicated not to push the sale of insurance products," said one of the executives from ICICI Bank in a Mumbai branch who did not want to be identified. "They were regularly reviewing sales earlier, and that has stopped now ...
IPL spot fixing: Neeraj Kumar emerges as a consummate survivor - Economic Times
A source close to the commissioner, a 1976-batch IPS officer, said accolades had started pouring in from the top levels of the home ministry since Thursday morning, a much-needed relief for the alumnus of Delhi's St. Stephens College. Kumar's ill luck ...
Why Orissa mining may not go the Goa way - Economic Times
"Further, unlike Karnataka or Goa, Orissa, for whatever reason, has been doing its bit to correct the situation," he adds, on the condition of anonymity. THE STATE CLEANS UP... Since 2010, much before the Shah Commission was set up, the Naveen Patnaik ...
RBS revives plan to sell Rs 3000-cr retail, commercial business - Economic Times
"The bank has decided the scope of the sale and it will include its deposits, mortgages and some part of its small and medium enterprises business," said one of the bankers aware of the development, but did not want to be identified. "RBS is expected ...
Gammon Infrastructure gets nod to bid for port projects - Economic Times
We are happy to receive the clearance to participate in port projects," said an official at Gammon Infrastructure. He did not wish to be identified as he is not authorised to speak to the media. In contrast to Indian port operators, foreign companies ...
Tata Group's Indian Hotels Company seeks RBI nod to hive off international ... - Economic Times
IHCL plans to bring all its overseas hotel assets under this step-down holding company, and subsequently raise money by selling up to a 49% stake to foreign investors, the sources, who asked not to be named, said. IHCL, the largest Indian hotel company ...
EU readies heavy tariff on China solar panels: Source - Economic Times
"The consultation process has been launched," the source said, adding that the Commission wanted to announce a decision on June 5 to help struggling European manufacturers. "The proposal is an urgent reaction to an urgent situation," the source added.
Marks & Spencer under scrutiny for FDI policy violation on single-brand - Economic Times
The finance ministry has raised the matter with the department of industrial policy and promotion (DIPP), and sought to know if M&S' practice of selling sub-brands was in conformity with the FDI policy, a government official said. The £9.9-billion ...
Narayana Murthy spending more time with Infosys top management: ET Now - Economic Times
He can do it in an advisory role," a source said. At the same time, the company said question on him getting an active role is "speculative in nature." Murthy's active role in the company comes at a time when Infosys is struggling to match peers such ...
M&S under scrutiny for FDI policy violation on single-brand - Economic Times
The finance ministry has raised the matter with the department of industrial policy and promotion (DIPP), and sought to know if M&S' practice of selling sub-brands was in conformity with the FDI policy, a government official said. The £9.9-billion ...
Investors may lobby JPMorgan to clip Jamie Dimon's wings if vote fails - Economic Times
The two JPMorgan investors, who were not authorized to speak on the record, said that however the vote shakes out, they plan to continue to push the bank's directors behind the scenes to take at least some power from Dimon. One investor said they will ...
FDI in defence: Raising cap may help reduce dependence on imports - Economic Times
This chief executive, who requested anonymity, was "gladly surprised" when the 73-year-old politician — known to be more sympathetic towards public sector undertakings than even champions of the Swadeshi movement — vowed to boost the domestic ...
Cyrus Mistry's team: A look at new line of leadership & dark horses of Tata Group - Economic Times
"There is a need for a body of executives to work with the chairman," says a person familiar with the matter. It is this need that drove the creation of the Group Executive Council (GEC) comprising Mistry, Madhu Kannan, Mukund Rajan and NS Rajan, for now.
Food guarantee bill tabled in Lok Sabha, unlikely to be passed - Economic Times
"We do not want to give the impression of running away from Parliament," said a minister who did not wish to be identified. With the finance bill out of the way, there will not be any immediate threat to the survival of the government. The Samajwadi ...
Jet Airways plans $300 million ECB to pare expensive debt - Economic Times
"This ECB borrowing will help Jet refinance its aircraft asset loans that stand at Rs8,000 crore," said an equity analyst who tracks the company but did not wish to be identified. Paring its debt has been a challenge for over two years for Jet Airways ...
Essar seeks sovereign guarantee from government for import of crude oil from Iran - Economic Times
"Essar is looking for a cover of Rs 12,000 crore while the oil pool has the capacity to insure only Rs 2,000 crore," said an executive with a public sector general insurance company who did not wish to be identified. "The sanctions prohibit European ...
Essar seeks sovereign guarantee from government for import of crude oil from Iran - Economic Times
"Essar is looking for a cover of Rs 12,000 crore while the oil pool has the capacity to insure only Rs 2,000 crore," said an executive with a public sector general insurance company who did not wish to be identified. "The sanctions prohibit European ...
Government to cut subsidies on phosphate and potash-based fertilisers by 15 pc - Economic Times
Now they can reduce prices marginally," said a senior official with a fertiliser producer, who declined to be named. India imported MoP at an average price of $490 a tonne last year, while prices of DAP hovered around $580 per tonne. This year India is ...
Fliers will soon have to pay extra fees for carrying check-in baggage - Economic Times
Revenue models of European carrier RyanAir and Malaysian budget carrier AirAsia were referred to in formulating this policy, a government official said. The move comes on the heels of Malaysian budget carrier AirAsia preparing to launch operations in ...
Cyrus Mistry sets up Group Executive Council to reshape Tata Group - Economic Times
"The Group Executive Council, under the aegis of the Tata Sons Board, will now assume responsibility for all the roles earlier performed by the Group Corporate Centre (GCC) and the Group Executive Office (GEO)," a person close to Tata Sons said. The ...
Cyrus Mistry sets up Group Executive Council; NS Rajan, Mukund Rajan ... - Economic Times
"The Group Executive Council, under the aegis of the Tata Sons Board, will now assume responsibility for all the roles earlier performed by the Group Corporate Centre (GCC) and the Group Executive Office (GEO)," a person close to Tata Sons said. The ...
RMZ Ecoworld leases office space to HTS for Rs 58 crore annually - Economic Times
According to people familiar with the matter, HTS will use close to 5 lakh sq ft of the space for consolidating its existing offices in the city while the rest will be used for business expansion. "Our plans are in line with long-term direction and ...
Tata Motors hits out at move to allow quadricycles; Rajiv Bajaj rubbishes ... - Economic Times
"What is a need of an alternative like a quadricycle, when there are already four-wheeler passenger vehicles available in the country, which meets the safety standards," said a person close to Tata Motors. "By that logic, since large cars are perhaps ...