Anonymous sources
Economic Times
Morgan Stanley said to limit cash bonuses to $12500, increase deferrals - Economic Times
Members of the company's operating committee, led by Chief Executive Officer James Gorman, 53, won't get any immediate cash, said the person, who declined to be identified because the plan hasn't been made public. Mark Lake, a spokesman for the New ...
Planning Commission appoints Narayana Murthy to channelize corporate funding ... - Economic Times
Every year this theme comes up at education summits hosted by industry chambers, but when it comes to a real and meaningful engagement or leveraging of private finance for education there is very little to show for it," a senior government official said.
GoM to discuss FDI in aviation today - Economic Times
"The GoM will discuss all the recommendations made by the group of secretaries," said a senior government official who did not wish to be identified. While foreign airlines are barred from investing in Indian carriers, other foreign investors are ...
UB Group mulls foreign listing of its liquor assets - Economic Times
"This is the right time to start the process, as global recovery is months away," said a person close to the group. The Citi Group and Morgan Stanley are likely to feature in the list of potential bankers since they were previously involved with the ...
'RIL can't be stopped from recovering D-6 costs' - Economic Times
... contractor's cost recovery will be defeated in the committee where any motion should be backed by the majority participating interest of at least 70% with one positive vote by the government," said an official, who did not want to be identified. ...
FMC: Two cos' trading in guar complex irregular - Economic Times
MUMBAI: Forward Markets Commission (FMC) has found that two of the three companies it recently issued show-cause notices to have allegdly engaged in irregular trading of guarseed and guargum, a government official said. Action against the two is likely ...
NMDC-Minemakers deal likely by mid-February for an undisclosed sum - Economic Times
"Negotiations for the deal is in its final stages and the NMDC Board is likely to take a final call by January-end of early-February," a source close to the development said. The source added that for the deal NMDC will form a 50:50 joint venture with ...
Carbon tax on airlines: India may put curbs on European carriers - Economic Times
NEW DELHI: India has threatened to review the benefits it provides to European airlines as it mounted its opposition to the EU move to impose carbon tax on Indian carriers operating through Europe, a source said. Under a Horizontal Aviation Agreement ...
India in no hurry to contract new fertiliser imports till July: Official - Economic Times
NEW DELHI: India is in no hurry to sign fresh contracts for import of fertilisers like DAP and potash as the country has sufficient quantity to meet demand till July this year, a senior government official said. The country imports more than half of ...
Govt banks on ONGC stake sale to meet divestment target - Economic Times
"Once Sebi notifies the changes, we will examine the issues and we can do it," said the official, who did not wish to be identified. Volatile market conditions forced the government to defer the ONGC stake sale even after printing application forms. ...
Govt may slash subsidy on DAP, potash fertilisers - Economic Times
"There is a strong case for subsidy reduction on non-urea fertilisers because their retail prices have shot up and global rates are also expected to decline," a senior government official said. The subsidy is benchmarked against the global prices. ...
MMTC buys 21000 T RBD palmolein at $1073/T - Economic Times
The sources, who were involved in the tender process but asked not to be named, said the cargoes were to be delivered on the east coast by January. The price includes cost, insurance and freight. MMTC had issued the tender on Jan. ...
UTI AMC appoints Imtaiyazur Rahman as its interim CEO - Economic Times
""The board did not deliberate much on the merits of individuals today but felt that the CFO would be in a better position to act as an interim CEO,"" said a person briefed on the matter. The board of UTI mutual fund was asked by the board of trustees ...
HPCL offers rare gasoil cargo for export: Sources - Economic Times
SINGAPORE: Hindustan Petroleum Corp has offered a rare high sulphur gasoil cargo for export following an outage at its 166000 barrels per day (bpd) Vizag refinery earlier this month, industry sources said on Thursday. HPCL is usually a net importer of ...
Black Money: India to knock at Swiss door for details in HSBC Geneva accounts - Economic Times
The official who declined to be named given the sensitive nature of the probe underway said that the government will explore the Double Taxation Avoidance Agreement or DTAA route to gain more details. Last year, the French government passed on to India ...
Vishal Kampani : Future business needs strategic thinking rather than just ... - Economic Times
"What people don't know is that Vishal was the one who was managing the affairs at JM and at home when Nimeshbhai was out of the country for close to a year due to political reasons," says an insider who did not want to be identified. ...
Kampani Junior: Future business needs strategic thinking rather than just ... - Economic Times
"What people don't know is that Vishal was the one who was managing the affairs at JM and at home when Nimeshbhai was out of the country for close to a year due to political reasons," says an insider who did not want to be identified. ...
Struggling brokers hire more agents for volumes - Economic Times
Another prominent broker, who did not wish to be identified, said well-networked remisiers often resort to arm-twisting brokers. "The moment they manage to get some rich clients, remisiers ask for higher profit-sharing percentages or commission. ...
EU insists on government supply contracts - Economic Times
The commerce department has to carry out a detailed study on the numbers to analyse the situation better," a government official said. The EU is keen to get into a GPA with India to ensure that the country does not stop its global purchasing at any ...
Deutsche Bank, Morgan Stanley cut jobs in Australia: Sources - Economic Times
The sources declined to be named as they are not authorised to speak to the media. The Australian Financial Review on its website said Deutsche Bank has cut around 10 staff and Morgan Stanley about seven. Large banks across the world have outlined ...
Cairn-Vedanta deal: Oil ministry seeks Cabinet's final approval - Economic Times
... and the CEOs of Cairn, Cairn India and Vedanta wrote to the oil ministry saying they were aware of the issues raised by the home ministry and that the oil ministry would deal with the matter "as appropriate", a government official said. ...
New coal pricing system may be suspended - Economic Times
... about one-third of the coal produced by Coal India and our preliminary estimates show that the price of C and D grade coal is expected to double following the introduction of the new system," an NTPC official who did not wish to be identified said. ...
Hexaware, valued at $ 700 million, up for sale - Economic Times
The two bankers working on the deal did not want to be identified since the matter was deemed "very sensitive". Speaking to TOI, Atul Nishar, Hexaware chairman, flatly denied meeting up with investment bankers or asking them to invite the interest of ...
Government to ink fresh contract with BP Plc - Economic Times
"The government will soon complete amendment of production sharing contract (PSC) as DGH has conceded that no bank guarantee is required to be submitted by BP for the D6 block," a government official said requesting anonymity. ...
Kingfisher Airlines mulls job cuts, longer work-hours - Economic Times
While e-mailed queries sent to Kingfisher Airlines in this regard remained unanswered, industry sources said the debt-ridden carrier could also abstain from any major hiring activities at least till August 2012. Sources said the carrier is looking at ...