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Business Standard (blog)
Report on capital needs under Basel III this week - Business Standard (blog)
Moreover, they have to shore up the capital in phases,” notes an official, who did not wish to be identified. The Chaudhuri-led body also comprises chiefs of Punjab National Bank, Canara Bank, Union Bank of India, Bank of Baroda, Bank of India and ...
BofA-ML's Indian wealth management unit on sale - Business Standard (blog)
The firm's Indian wealth management unit is also part of this sale process, according to the persons cited earlier, who declined to be named. An e-mail query sent to BofA-ML's global wealth and investment management spokespersons on the issue remained ...
Govt invites bids to export wheat with FCI - Business Standard (blog)
Though a senior government official said the bids have been floated just to discover prices to see whether export is viable or not, experts believe the proposal might not be easy to operationalise as global wheat prices are quite low, ...
Agri ministry rejects draft proposal for new cotton output estimate regime - Business Standard (blog)
First, one should know the entire cotton crop output, currently at a yield of 15 quintals per hectare, and only then does it make sense to estimate the cotton processed,” said an official close to the development. The draft regulations require every ...
Ministries for freezing Coal India commitments to power projects - Business Standard (blog)
A power ministry official, who did not want to be identified, said: “The Standing Linkage Committee (Long Term) for power, at its meeting held in February, discussed the issue of freezing capacity of power projects to be supplied by CIL during the 12th ...
Vectra's absence may hit oil producers - Business Standard (blog)
We have our contingency plans in place, wherein we may seek help from our other service providers to press for more machines in service," said a senior ONGC official, on the condition of anonymity. Sudhir Vasudeva, ONGC's chairman and managing director ...
Air India's last chance for a take-off - Business Standard (blog)
First on our agenda is the creation of subsidiaries and the trimming of our workforce to service the airline needs,” said a senior Air India official, who did not want to be identified. This involves shifting 15000 employees from the main airline to ...
M&A deals in Asia Pacific slump 19% to $150 bn - Business Standard (blog)
“Most of the cases were not even reported in the media, since we were able to nip the problem in the bud,” a senior government official said. He cited the case of Durgadi in Kalyan (Thane district), where a mosque and temple have co-existed for several ...
'Learn from private banks' - Business Standard (blog)
If you can see not much business is coming in that area there is no need to invest your resources in setting up the infrastructure,” said a ministry official, who did not wish to be identified. Banks, however, said it would not be viable for them to ...
Robots in the OT - Business Standard (blog)
This pushes up the cost of individual surgery,” says a laparoscopic surgeon who is developing indigenous robotics for laparoscopic surgery, speaking off the record. Vijay D'Silva, director of Asian Heart Institute, says volumes will eventually bring ...
Economy eager to absorb FDI: Manmohan Singh - Business Standard (blog)
However, a government official said BSNL had been asked to take a relook at its tariffs. "Consultations for a new set of tariffs are already on in BSNL. The company will soon announce new tariffs," an official said. The official indicated that since ...
Air India set to get relief from short-term debt - Business Standard (blog)
We will approach the airline soon,” said a Mumbai-based bank official, who did not want to be identified. He added that the existing loans had a tenure of one year or less. This will be increased to 10 years with a one-year moratorium on payment of the ...
Hazare's fast enters 4th day, another round of talks with govt - Business Standard (blog)
They are on the agenda for this week's meeting,” a senior government official said. The group of ministers had recommended raising the foreign investment limit in some sectors at its last meeting on February 27. The civil aviation, biotechnology, ...
Cabinet likely to discuss National Clean Energy Fund today - Business Standard (blog)
This could include the framework for allocation of the money in different projects or fields,” said a senior official who did not want to be identified. While the government collected over Rs 3124 crore from coal cess in 2010-11, it is yet to draw a ...
Alstom eyes a pie - Business Standard (blog)
“We will offer similar incentives and support to whoever comes to set up metro rail manufacturing operations in the state,” a senior government official said. Earmarking of land to build a dedicated railway track to move the coaches is under process, ...
Mumbai airport to get new traffic control tower - Business Standard (blog)
Shifting of all the equipment from the existing terminal will take another six months and the new ATC will be running by June next year,” said a Mumbai International Airport Ltd (MIAL) executive, who did not want to be identified. ...
Street guesses quicken on TCS, Infosys prospects - Business Standard (blog)
We also think one of the biggest trouble areas for Infosys has been telecom (primarily due to BT), which should get sorted this financial year,” said an analyst from a leading brokerage firm, on condition of anonymity. Accenture, in its recent quarter ...
On the fast track - Business Standard (blog)
asks the CEO of a leading retail chain who spoke off the record. “It has to decide whether it is a retail company selling all kinds of products or a watch and jewellery manufacturer and retailer. Or else it will end up spreading itself too thin. ...
Roadmin to seek pvt participation for Rs 1.19 lakh cr projects - Business Standard (blog)
A source close to the Chhabria family, which controls Shaw Wallace, said talks have collapsed following differences over valuation. “Shaw Wallace was also displeased at the tardy pace of negotiations,” the source added. ...
Once bitten, Air India shies away from Europe - Business Standard (blog)
All our flights are doing well,” said a top AI official, who did not want to be identified. He added the earlier hub in Frankfurt did not prove beneficial and wasn't worth the cost. “We are saving ¤30 million (Rs 190 crore) per year by dismantling our ...
Maize prices up by 1.3% last week - Business Standard (blog)
Punjab government expects to wind up the sale of its controlling stake in Punjab Tractors, second-biggest tractor firm, by mid-July, a government official said on Tuesday. The Punjab government invited bids last December for the strategic sale of its ...
In Infy, Kris may fill Nilekani's boots - Business Standard (blog)
But sources said, in his new role, Gopalakrishnan, a founder member of Infosys, would largely be responsible for the roles that Nilekani was performing before leaving the company. This includes managing certain key clients and overseas branding ...
FMC raises margins for mentha oil futures - Business Standard (blog)
Therefore, both on the buying and selling side (long and short), margins have been increased with a special margin on long-side for March and April expiry contracts,” said an official close to development. Since March 1, mentha oil futures have shot up ...
Essar prepays Rs 4230 cr raised through NCDs - Business Standard (blog)
They are violating the inter-creditors' agreement by restraining the foreign lenders from serving the final termination notice,” an official close to the talks said. But even in the event of an unfavourable verdict, the state power board can contest ...
Maruti regains 50% car market share in Oct - Business Standard (blog)
After today's meeting, a resolution now seems possible in the near future," a senior government official said. According to sources, BSNL today proposed ...