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Govt rolls back monthly hike in LPG prices
Under pressure from the Left parties, the Government on Wednesday rolled back its decision to increase the price of domestic cooking gas by Rs 5 per cylinder each month. "It has been decided by the Cabinet Committee on Economic Affairs (CCEA) ...
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Promoters of mid-cap cos shed stake as stock prices rule high
WITH the stock price of most mid-cap and small companies trading at yearly highs and, in some cases, an all-time high, promoters of several companies have sold part of their stakes in the open market in the last two months. But market players ...
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Call rates have `settled', says RBI Governor
THE Reserve Bank Governor, Dr Y.V. Reddy, today said the overnight call rates have `settled' with the easing of pressures on liquidity in the domestic debt market. Call rates, which settled at around 4.75 per cent levels today, were ruling at ...
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Bhakta persuaded to reconsider resignation from Reliance board
THE Chairman of Reliance Industries, Mr Mukesh Ambani, has persuaded senior director on the board of the company, Mr M.L. Bhakta, to reconsider his resignation of Tuesday, according to a news release issued by Reliance on Wednesday. "I cannot ...
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Coimbatore industrialist bags Standard Motors property
A COIMBATORE-based industrialist Mr T.S.R. Khannaiyann has succeeded in clinching the bid for the purchase of the assets of Standard Motor Products of India Ltd, for a price of Rs 140 crore. Mr Justice K. Raviraja Pandian, who perused the ...
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Air India board approves acquisition of 50 aircraft
THE board of Air India on Wednesday approved acquisition of 50 aircraft and decided to float tenders for the same. Two-third of the 50 aircraft will be acquired on a firm basis and one-third on option, the airline has said. An official ...
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Jet Airways plans IPO
JET Airways plans to go public shortly with an initial public offering (IPO). The finer details of the IPO are expected to be finalised in the next two to three weeks, the airline Chairman, Mr Naresh Goyal, said here on Wednesday. "We should ...
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Textile stocks gain momentum
THE equity markets seem to be on a high. The markets have recovered the losses suffered in the post-election period. A number of stocks are trading at substantially higher levels to what they exchanged hands when the Sensex was at its peak in ...
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