Business News

Last updated: Tuesday, December 01, 2015 9:44:04 AM

Early signs of recovery for Indian economy: Mukherjee
New Delhi, July 14 (IANS) The Indian economy is showing some early signs of recovery and the government will ensure that its policies help nurse the country back to high growth path, Finance Minister Pranab Mukherjee said Tuesday.

Tuesday, July 14, 2009 4:47:45 PM

No new voluntary disclosure scheme: Pranab
New Delhi, July 14 (IANS) The government is not considering a fresh disclosure scheme for unearthing hidden wealth even as talks are underway with Mauritius to ensure Indians are not able to park their ill-gotten wealth in the island nation, parliament was informed Tuesday.

Tuesday, July 14, 2009 4:47:25 PM

Divestment is part of government agenda: Mukherjee
New Delhi, July 14 (IANS) Finance Minister Pranab Mukherjee Tuesday said the United Progressive Alliance (UPA) government remained committed to divesting stakes in the state-run companies, but without diluting their public sector character.

Tuesday, July 14, 2009 4:34:35 PM

Global Inc. may get larger share of Indian defence pie
New Delhi, July 14 (IANS) India is expected to issue by the end of this year a notification to increase foreign equity in defence production to 49 percent from the current 26 percent, a senior official said.

Tuesday, July 14, 2009 4:03:08 PM

Sikkim to lose Rs.87.3 mn daily due to Darjeeling shutdown
Gangtok, July 14 (IANS) Snaking queues were seen at petrol stations here Tuesday as Sikkim got cut off from the outside world due to the Gorkha Janamukti Morcha (GJM) sponsored indefinite shutdown in West Bengal's Darjeeling district and stood to lose an estimated Rs.87.3 million daily.

Tuesday, July 14, 2009 3:50:47 PM

Air services pacts not harming Indian carriers: Patel
New Delhi, July 14 (IANS) Bilateral air services pacts do not benefit foreign airlines at the cost of Indian carriers, Civil Aviation Minister Praful Patel said Tuesday.

Tuesday, July 14, 2009 3:50:41 PM

Air India will not divest now, says Praful Patel
New Delhi, July 14 (IANS) Loss-making national carrier Air India will not go for disinvestment at the moment to raise funds as market conditions were not favourable, said Civil Aviation Minister Praful Patel here Tuesday.

Tuesday, July 14, 2009 3:50:35 PM

Dena Bank expecting Rs.500 crore capital infusion
Kolkata, July 14 (IANS) Public sector lender Dena Bank is expecting a Rs.500 crore capital infusion from the central government later this year, a top company official said here Tuesday.

Tuesday, July 14, 2009 3:50:25 PM

High borrowings, deficit inevitable to push growth: Mukherjee
New Delhi, July 14 (IANS) Finance Minister Pranab Mukherjee Tuesday said high borrowings of the government and large fiscal deficit were inevitable in the national budget given the need to push economic growth and allocate more funds for welfare programmes.

Tuesday, July 14, 2009 3:50:24 PM

HDFC Bank net up 30 percent in first quarter
Mumbai, July 14 (IANS) The country's second largest private lender HDFC Bank Tuesday said its net profit increased by about 31 percent to Rs.606 crore (Rs.6.06 billion/$123.4 million) in the first quarter this fiscal, compared to Rs.464.35 crore in the year-ago period.

Tuesday, July 14, 2009 2:24:04 PM

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