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FIPB objects to ING hiking stake in Vysya — `Move breaches sectoral cap'
DUTCH financial services major ING group's plan to increase its equity holding in Vysya Bank to 49 per cent through group outfit, Bank Brussels Lambert (BBL), has run into rough weather with the Foreign Investment Promotion Board (FIPB) raising ...
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SEZ developers get duty-free import permit
AFTER a delay of nearly one-and-a-half years, the Finance Ministry has finally cleared the proposal to permit developers of Special Economic Zones (SEZ) to import or domestically procure duty-free goods for development, operation and maintenance ...
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`Mobile' postman may soon come calling
IN a unique tie-up between Bharat Sanchar Nigam Ltd (BSNL) and the Department of Posts, the telecom behemoth is attempting to leverage the "reach" of the postman to increase tele-density in the country. As per a proposal being floated in the ...
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It's not just about the fizz — Coke invests in rainwater harvesting
AS part of its social responsibility programme, Coca-Cola India has set up a rainwater harvest project in the Capital's Greater Kailash area. The company is planning to set up similar projects not only in other localities of Delhi but also in ...
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AI to fly high on good governance
THE Maharaja has decided to go in for a change of clothes. Heeding the clarion call of the Prime Minister, Mr Atal Bihari Vajpayee, that the Indian industry should adhere to good corporate governance, Air India plans to follow the advice in ...
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Now, Uncle Sam wants to screen export cargo
VERY soon, export consignments to the US may have to undergo a pre-loading American security check even after the Indian Customs stamps its clearance. The US Government may post either its own personnel or agents authorised by it at Indian ...
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CVC refers Reliance-UTI case to advisory board
THE Central Vigilance Commission (CVC) has forwarded the controversial case involving the 1994 private placement of equity of Rs 1,000-crore by Reliance Industries Ltd (RIL) with Unit Trust of India (UTI) to the Advisory Board on Banking, ...
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