India Business

Sebi lets Fast-Track Security Issuance by Companies


Mittal Eyes BPCL, HPCL Refineries for more Investment in India

Lakshmi MittalSteel magnate Lakshmi N Mittal is considering adopting stakes in two more Indian refineries including

Forex Reserves Dip to $226.445 B on FII Outflows

Mumbai: For the second consecutive week, the country’s forex reserves came down by $2.551 billion to $226.445 billion for the week ended August 17, 2007.

Chidambaram Finds Biometric Solution To Avoid PAN Cards Duplication

Finance Minister P ChidambaramNew Delhi: The government is expected to bring in biometric PAN cards shortly to tackle the problem of increasing misuse of Permanent Account Number (PAN) cards.

Finance Minister, P Chidambaram said in Lok Sabha that a combined Working Group in the Finance Ministry has given its statement after getting technical and commercial propositions from top biometric solution providers.

India, China Should Build Synergies – Sunil Kant Munjal

Sunil Kant MunjalNew Delhi: Sunil Kant Munjal, Hero Corporate Services Chairman said instead of being wary of each others development, India and China should fabricate synergies to develop with each other.

“We should not be wary of China's progress, but should build synergies and connectivity, wherein the progress is shared between the two countries,” Mr. Munjal said at industry meeting room PHDCCI's CEO lecture series.

Higher Food Prices raised Inflation to 4.10%

For the week ended Aug. 11, 2007, India’s wholesale price inflation rate stood at 4.10%, which is higher than 4.05% in the last week.