Govt working on common KYC norms for FIIs: Fin Min

To attract more overseas investment into the country, government is working on bringingnew norms for a common Know Your Customer, KYC, for foreign institutional investors. Finance Minister P Chidambaram said in the Rajya Sabha on Monday if a new FII applies in India, it has to go through due diligen...

2G auction: Sistema wins telecom spectrum in 8 circles for Rs 3639 cr

The Indian unit of Russian conglomerate Sistema has won telecom spectrum in eight circles for Rs. 3,639 crore in an auction held on Monday.The circles are Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West) and West Bengal.Talking to reporters in New Delhi, Telecom Secretary...

FM emphasizes on need for enhancing capital base of world bank

Sensex slides 37 points amid profit-booking

Snapping a four-day winning streak, the Sensex at the Bombay Stock Exchange dropped 37 points, or 0.2 percent, to close at 19,646, on Monday, on mild profit-booking by investors ahead of industrial and inflation data, and amid weak European markets. The Nifty at the National Stock Exchange lost 3 po...

Coal India Ltd. creates Rs 35000 cr war-chest for acquisitions

State-owned Coal India Ltd (CIL) has created a war-chest of Rs. 35,000 crore for acquisition of coal assets abroad during the period to 2017, Coal Minister Sriprakash Jaiswal said on Tuesday.Replying to supplementaries in the Rajya Sabha, he said CIL plans to invest 25,400 crore Rs during the XIIth ...

India and Kuwait today held extensive discussions to explore opportunities for Kuwaiti investment in refineries in the country. External Affairs Minister Salman Khurshid held talks in New Delhi with his Kuwaiti counterpart Shaikh Nasser Sabah Al-Ahmed Al-Jaber Al-Sabah on various bilateral issues in...

Sensex slides 37 points amid profit-booking

Snapping a four-day winning streak, the Sensex at the Bombay Stock Exchange dropped 37 points, to close at 19,646, on mild profit booking by investors ahead of industrial and inflation data, and amid weak European markets. The Nifty at the National Stock Exchange lost 3 points, to 5,942.Stock market...

Govt making all out efforts to meet gap between demand, supply of coal

The government is making all out efforts to meet the gap between the demand and the supply of the coal in the country. Replying to supplementaries during the question hour in the Rajya Sabha today, Coal Minister Sri Prakash Jaiswal said the Coal India Limited (CIL) has chalked out an action plan to ...

India's exports grow by 4.25% in Feb to $26.2 bn

Growing for the second straight month, India's exports rose by 4.25 per cent to 26.26 billion dollars last month. The overseas shipments stood at 25.19 billion dollars during the same period last year. Talking to reporters in New Delhi Commerce Secretary S R Rao said that Europe is performi...

Sensex slides 37 points amid profit-booking<br/>

Snapping a four-day winning streak, the Sensex at the Bombay Stock Exchange dropped 37 points to close at 19,646, on Monday, on mild profit-booking by investors ahead of industrial and inflation data, and amid subdued global markets. The Nifty at the National Stock Exchange lost 3 points, to 5,942.S...