By Makiko Yamazaki, Liana B. Baker and Kentaro Hamada
TOKYO/SAN FRANCISCO - Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate.
The union cabinet on Wednesday accorded approval to a SEBI proposal to enter into an agreement of mutual cooperation with the European Securities and Markets Authority (ESMA).
"The Cabinet has given its approval to the Sebi for entering into a Memorandum of Understanding (MoU) with ESMA in relation to mutual cooperation," the Finance Ministry later said in a statement.
The Cabinet on Wednesday approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of South Korea (KEXIM) for export credit of $9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.
The MoU is proposed to be signed between the two banks dur
By Suvashree Choudhury and Swati Bhat
MUMBAI - The Reserve Bank of India (RBI) lowered inflation projections and delivered a slightly less hawkish policy statement on Wednesday, as it left key interest rates unchanged while waiting to be more sure that inflation will stay subdued.
The change in tone was enough for some analysts to see a possibility of a
By Rajendra Jadhav
MUMBAI - Farmers on Wednesday stepped up their agitation in Madhya Pradesh after six were shot dead in clashes the previous day, forcing the authorities to impose a curfew in some areas.
The outburst of discontent in India's heartland farming states of Madhya Pradesh and neighbouring Maharashtra poses a challenge for Prime Ministe
NEW DELHI - The cabinet approved a plan on Wednesday to publicly list state-owned Indian Renewable Energy Development Agency (IREDA) to fund its ambitious renewable energy development programmes.
India, one of the world's largest greenhouse gas emitters, targets to raise its renewable energy generating capacity to 175 GW by 2022, and has reinforced its commit
GMR Infrastructure Ltd has said that its subsidiary GMR Airports Limited has been selected to Develop, Operate and Manage the New International Airport of Heraklion at Crete in partnership with Greek infrastructure major TERNA S.A. (100% subsidiary of GEK TERNA Group). “GMR Airports Limited will be the designated Airport Operator in the consortium for this project.
Greece is a m
In a bid to boost its engagement with Bimstec, India is looking to expand the UDAN scheme of its aviation policy to countries of this regional bloc, Minister of State for Civil Aviation Jayant Sinha said on Tuesday.
"What the government of India would like to see is that we can take the policy design behind UDAN (Ude Desh ka Aam Naagrik or 'common people of the country can fl
Two-wheeler maker Honda Motorcycle and Scooter India Pvt Ltd is targeting 20 per cent growth to touch six million units this fiscal, said a company official. It also inaugurated its new zonal office in Coimbatore on Tuesday.
"This year we are aiming 6 million units with 20 per cent growth over the large existing base. Undoubtedly, our aggressive plans for key states, including Ta
Ratings agency ICRA on Tuesday said the capacity addition by domestic airlines is likely to keep their yields under pressure.
According to the ratings agency, the Indian aviation sector, at present, has a sizeable order backlog of new aircraft, which is 1.78 times the current fleet size of the industry.
ICRA said it expects 17-20 per cent growth in industry's ASKMs
Finance Minister Arun Jaitley on Tuesday left on a four-day official visit to Paris to participate in the Organisation for Economic Cooperation and Development (OECD) meetings and hold bilateral talks.
"The Finance Minister will arrive in Paris on Tuesday evening and on Wednesday, he will deliver the keynote address at OECD meeting," the Finance Ministry said here in a state
By Tanvi Mehta
Indian shares rose on Wednesday in line with broader Asian markets as investors awaited key political and economic events including the monetary policy meeting in India.
The Reserve Bank of India is likely to strike a less hawkish tone while leaving interest rates unchanged at its policy meeting later in the day, according to analysts, as inflation is running
By Abhirup Roy
MUMBAI - India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said.
The Securities and Exchange Board of India (SEBI) is probing whether NSE employees
Indian shares ended lower on Tuesday, reversing course from record highs hit in early session as markets paused ahead of the central bank's policy meeting.
The benchmark BSE Sensex closed down 0.38 percent at 31,190.56, after hitting a record high of 31,430.32.
The broader NSE Nifty ended 0.39 percent lower at 9,637.15. The index breached 9,700 points for the first time
Bharti Airtel, India’s largest telecommunications service provider, has said that its B2B arm Airtel Business has rolled out a first of its kind dedicated digital platform to serve the growing connectivity, communication and collaboration requirements of Emerging Businesses, including SMEs and Startups. The digital platform will offer solutions to emerging enterprises to enable ease of bu
Indiabulls Real Estate said it plans to raise Rs 75 crore through private placement of debentures, reported PTI. In a BSE filing, Mumbai-based developer said that the company "proposes to issue secured redeemable non-convertible debentures of face value of Rs 10 lakh aggregating Rs 75 crore on a private placement basis.
The National Stock Exchange (NSE) on Monday said it has launched its NSE IFSC exchange at GIFT IFSC in Gandhinagar.
According to the stock exchange major, the International Financial Services Centre (IFSC) has been established with the long-term vision to develop GIFT as a major global financial hub, to attract global investors and become price setters for key tradable products.