Business
SBI likely to receive Rs 2,000-crore investment from LIC
"We plan to raise Rs 2,000 crore from LIC by the end of this month. This is a part of our regular capital-raising programme," the source close to the development told PTI here today, on condition of anonymity.
India reduces excise, service tax to spur slowing economy
The government on Tuesday cut factory gate duties and service taxes in an effort to boost demand and revive growth in economy as it reels under the impact of the global economic crisis....Govt denies bailout package for fraud-hit Satyam
The government today ruled out any proposal to provide a financial bailout to the scam-hit Satyam Computers Services Ltd. In a written reply in the Rajya Sabha, Corporate Affairs Minister Prem Chand Gupta said Satyam is working for and mobilising financial resources to meet its...Meltdown, terror strikes take toll on tourist inflow to India
Terrorist attacks and global economic slowdown have resulted in a fall in the number of tourists travelling to India since October last year, the Rajya Sabha was informed today....Sensex recovers some early losses, still ends down by 21 pts
The benchmark Sensex recovered its initial sharp losses following the government's decision to cut excise duty but still ended in negative terrain, down by over 21 points at 8,822.06, on the back of weak global cues....Satyam to invite takeover bids, fire auditor PW
Satyam's new board today decided to invite bids from strategic investors to steer the company and fire its statutory auditor Price Waterhouse, which failed to detect a massive accounting fraud in the IT giant....Satyam may announce how to select strategic partner this week
"As per the CLB order we will approach SEBI and by the end of this week we expect to make the process public and after that we will invite proposals from the interested parties," Karnik...CLB permits Satyam to start sale process, raise equity capital
Paving the way for bringing in a new owner at Satyam Computer, the Company Law Board today allowed the distressed IT firm to conduct a public auction for inducting a strategic investors and to raise its equity base....L&T to take decision on bidding after studying CLB order: Naik
Larsen and Toubro today said it would soon take a decision on bidding for Satyam Computer Services after studying the CLB order. "(The) CLB order has come only at night, we are studying it. We hope to complete it (the study) by tonight and we will take a decision over the days," Larsen and Toubro Chairman A M Naik said....Sony CEO resigns due to BCCI-Sony controversy
Fed up of the BCCI-Sony controversy (now Multi Screen Media), Sony Entertainment CEO Kunal Dasgupta has resigned from his duties with immediate effect from February 19. Confirming his resignation to Economic Times Dasgupta said that he does not know what he will do next after leaving the company....Log in
- Major Events 1988
- Centre makes one year rural posting mandatory for post graduate medical students
- Wage board team coming to Kashmir
- Committee constituted for selection of class-IV posts
- CM cautions youth against vested interests
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