Posted: March 26th, 2015, 3:36pm EDT
The new gas policy framework caps the subsidy from Power System Development Fund at Rs 3,500 crore in the first year and Rs 4,000 crore in the second year to make costlier imported fuel affordable for stranded gas-fired power plants with a combined capacity of over 4,000 mw.
Posted: March 26th, 2015, 3:34pm EDT
Markets were spooked on Thursday with rising geo-political tensions in the middle east following Saudi Arabia's airstrikes on Yemen to push out rebels.
Posted: March 26th, 2015, 3:08pm EDT
The 327-year-old Lloyd’s of London — the birthplace of modern insurance — has started talks with the Insurance Regulatory and Development Authority for setting up reinsurance operations in India.
Posted: March 26th, 2015, 3:04pm EDT
Kerala finance minister K M Mani was on Wednesday unanimously chosen as the new chairman of the empowered committee of state FMs, looking to roll out the ambitious goods and services tax (GST) from April 2016.
Posted: March 26th, 2015, 2:57pm EDT
The Directorate of Revenue Intelligence (DRI) has issued a show-cause notice to Videocon Industries (VIL) and its associate companies for evading anti-dumping duty of around Rs 160 crore in its imports of colour picture tubes.
Posted: March 26th, 2015, 10:35am EDT
Ford Motor Company on Thursday inaugurated its integrated manufacturing facility, including a state-of-the-art vehicle manufacturing facility and a world-class engine plant, at Sanand in Gujarat.
Posted: March 26th, 2015, 6:42am EDT
He may have dislodged the long-term holder of the title to become India's richest man, but for the self-made billionaire, the label sits oddly — and even uncomfortably.
Posted: March 26th, 2015, 6:38am EDT
By the end of a decade in the hotel industry, Angshuman Adhikari, a master chef at The Leela in Gurgaon, was finding the hierarchy of five-star hotels hard to stomach.
Posted: March 26th, 2015, 6:34am EDT
IFCI, which held 4.79% in the country's only listed exchange MCX at the end of December 2014, proposes to offload its entire stake in the bourse in the open market by the end of the current financial year, two persons aware of the development told ET.
Posted: March 26th, 2015, 6:30am EDT
Investors looking to increase their exposure to the Indian automobile sector may subscribe to Tata Motors' rights issue, through which the company is planning to raise Rs 7,500 crore.