SEBI to consult CAs, merchant bankers on takeover valuations

To ensure fair treatment of minority investors during takeovers of listed companies, Market regulator Securities & Exchange Board of India (SEBI) has decided to seek help of chartered accountants and merchant bankers for an independent valuation of the price offered to small shareholders by ...

FDI inflows in India up by 22 percent in 1st 8 months of current financial year

Foreign Direct investment inflows into the country grew by 22 per cent, to 18.9 billion dollars during April to November 2014. The Department of Industrial Policy and Promotion in a release said the telecom sector received the maximum FDI of 2.47 billion dollars in the first eight months of the curr...

IMF lauds India's efforts to cut fuel subsidies

Overseas investors have pumped in over 11,300 crore rupees in the Indian debt markets since the beginning of this month. Foreign investors were gross buyers of debt securities worth 20,559 crores between 1st to 16th January, while they sold bonds amounting to 9,250 crores, latest data with Central D...

FDI inflows in India down by over 6% Y-o-Y in Nov 2014

Foreign Direct investment inflows into the country declined by over 6 per cent, year-on-year, in November 2014, to 1.53 billion dollars. But for the April to November 2014 period, FDI grew by 22 per cent, to 18.9 billion dollars, according to Department of Industrial Policy and Promotion data.The te...

Amul plans to invest 5K crore rupees in next fiscal

Dairy products giant, Amul plans to invest 5,000 crore rupees to set up around 10 milk processing plants in the next fiscal in order to achieve the revenue target of 50,000 crore rupees by 2020. Amul is on track to achieving annual revenue of 20,000 crore rupees this year.

Textile industry has pivotal role to play in development of backward region: Gadkari

Union Minister for Road Transport, Highways and Shipping Mr. Nitin Gadkari has asserted that the textile industry has a pivotal role to play in development of the backward region like Vidarbha and called for quantitative and qualitative improvement in the sector for the speedy development.He was spe...

Petrol price cut by Rs 2.42, diesel by Rs 2.25 per litre

Oil marketing companies have cut the prices of petrol by 2 rupees 42 a litre and diesel by 2 rupees 25 paise per litre. New rates came into effect midnight last night. In Delhi, petrol will now cost 58 rupees 91 paise a litre, the lowest in 44 months. Similarly, diesel will cost 48 rupees 26 paise a...

Petrol price cut by Rs 2.42, diesel by Rs 2.25 per litre

Oil marketing companies have slashed petrol price by 2 rupees, 42 paise per litre and diesel by 2 rupees, 25 paise a litre. The new rates will be effective from midnight tonight. This is the ninth straight reduction in petrol prices since August, and fifth in diesel since October.Petrol will now cos...

Oil jumps after IEA forecast that market downtrend would end

Brent crude oil futures oil rose more than 2 dollars, to 49.82 dollars a barrel, on Friday, after the International Energy Agency, IEA, forecast that the market downtrend would end. US crude rose 1.10 dollars, to 47.35 dollars a barrel.However, the IEA said, oil prices could fall further before they...