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Niko seeks 3-Month Extension to sell Stake in KG-D6 Block
Reliance Industries' consortium partner Niko Resources of Canada has extended by over three months its search for a buyer of its stake in RIL's eastern offshore KG-D6 gas block to pay off debt.
"The Board of Directors of Niko now…
Arun Jaitley asks Banks to reduce Interest Rates, EMIs to Go Down
In a meeting with heads of commercial banks here on Friday, Finance Minister Arun Jaitley on Friday asked banks which have not passed on to borrowers the interest rate cuts made by the Reserve Bank of India (RBI) this year to do so over the…
Visa to IT Workers: Infosys, TCS come under US Scrutiny
The US has opened an investigation into two top Indian IT companies -- Tata Consultancy Services and Infosys -- for possible violations of rules for H-1B visas for foreign technology workers, according to a media report.
The Labour…
Mukesh Ambani rolls out Rs 2 Lakh Cr Big Ticket Investments
Reliance Industries chairman Mukesh Ambani on Friday listed the specifics of some big-ticket investments worth Rs.200,000 crore ($33 billion), spanning refining to retail, and said 4G services will roll-out from December under "Jio" brand…
BSE Sensex up 59 Points; Oil and Gas Stocks gain
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was on Friday trading 59.26 points or 0.22 percent up during the post-noon session. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also…
Reliance Jio launch by December, devices from Rs.4,000
Reliance Industries will launch its broadband services by December this year, by which time 4G devices under its own brand name "Jio" will be available for as little as Rs.4,000 at the entry level, the company announced on Friday.
"We…
India’s GDP Growth pegged at 7.9 Percent: Citigroup
Backed by structural reforms and cyclical easing of the centre's monetary policy, the GDP growth in India is likely to revive to 7.9 percent during 2015-16 and head further up to 8.1 percent in 2016-17, a report from Citigroup said.…
Mercedes-Benz commences production of GLAs in Pune
Premium carmaker Mercedes-Benz on Thursday said it has commenced production of new generation car, GLA SUV at its manufacturing facility in Pune. In a statement, the company said the Pune production facility, where an investment of over Rs.…
China’s Dalian Wanda to set up Industrial Townships in India
New Delhi, June 11 (IANS): The $100-billion Dalian Wanda Group of China is planning to develop industrial townships in India with built-in facilities such as schools, hospitals, shopping malls and recreational centres, a top official of the…
India in Top 5 Emerging Economies in Private Infra Investment
Washington, June 10 (IANS): Despite investment in India declining to a nine-year low in 2014, India has figured in top five emerging economies for highest investment commitments in the private sector infrastructure sectors, the World Bank…