Anonymous sources
Financial Express
Facebook's IPO oversubscribed - Financial Express
One large institutional investor had put in a major order for shares on Wednesday and was calling around syndicate desks trying to acquire more, a source said. Facebook declined to comment. The company is expected to begin trading on May 18 after an ...
Passengers' woes pile up as pilots keep off work - Financial Express
I can either risk losing that or spend R2 lakh more for re-booking on another airline,” a senior executive with a MNC, who refused to be identified, said while showing the tickets of the Mumbai to Newark flight AI-191, which was one of the seven ...
CACP for 16% rise in paddy MSP for 2012-13 kharif - Financial Express
The CACP, which advises the government on pricing policy for major farm produce, has recommended a steep hike of up to 29% in cotton at R3,600-R3,900 per quintal for this year, a senior government official said. Last year, the government had fixed MSP ...
Cotton prices stable despite export blip, bumper crop - Financial Express
An informal group of ministers, headed by finance minister Pranab Mukherjee, will soon consider whether to allow fresh cotton exports in the year through September, a senior government official said,...
Scare on board Air India Delhi flight - Financial Express
New Delhi: Around 200 passengers on board the Mumbai-Delhi Air India flight AI 658 had a scare on Tuesday evening when the Airbus experienced strong turbulence while flying over Jaipur, a source said. Passengers experienced a severe jolt, ...
ECB rules out monetising debt - Financial Express
The clarification by ECB officials, who asked not to be named, came after economists suggested a roundabout way of ECB financing national budgets by lending to the European Financial Stability Facility (EFSF), a special purpose vehicle with euro 440 ...
Oil cos eying petrol price cut: source - Financial Express
The cut could be for at least Rs 0.60 a litre, or about 1 per cent, the source said on Friday. Softening Singapore prices have partially offset the impact of a declining rupee to offer a small window of opportunity for a cut. Price increases have been ...
Kodak weighs options for sale - Financial Express
Some potential bidders for the patents are wary of proceeding because a purchase may amount to a so-called fraudulent transfer if Kodak is insolvent, said the people, who asked not to be named because the talks are private. ...
QFIs may get to invest directly - Financial Express
New Delhi: To further open up the capital markets, the government is thinking of letting 'qualified foreign investors' (QFIs) to buy equities directly from the stock market, a senior government official said on Wednesday. The move comes at a time when ...
Cos may lose coal blocks for not filing quarterly reports - Financial Express
... their captive coal blocks and end-use projects may face forfeiture of bank guarantee or even de-allocation of blocks unless they are able to come up with plausible explanations for such lapses within a fortnight, a senior government official said. ...
Govt to assess response to India Inc's proposals - Financial Express
The proposed meeting would discuss the progress made so far on that,” a senior government official said. The high-level meeting comes in the light of impending fear of a global economic downturn seen last in 2008. Policy-makers and market watchers have ...
M&M small car to cost R2.5-3.5 lakh - Financial Express
The vendors, who refused to be identified, are specialists in powertrain, lamps and steering systems respectively. Production is expected to start in 2013-14. Analysts are positive about the company's move, since Mahindra has...
Finmin awaits GDP data to revise forecast - Financial Express
Confirming this to FE, a senior ministry official, who requested anonymity, said the government also felt that meeting the target for indirect tax collection this fiscal had become a challenge with the recent cuts in petroleum taxes. ...
Wipro joins race to buy banking arm of Misys - Financial Express
An executive from Wipro, who did not want to be identified, said the firm was exploring options to stimulate growth in BFSI and as part of the process, is evaluating Misys. Misys sells software products to banking, treasury and capital markets, ...
Prada IPO set to raise up to $2.6 billion - Financial Express
The IPO is being priced at 27 times projected 2011 earnings at the top end of the range, the source said, in a deal largely aimed at funding expansion and renovation in Prada's fastest-growing market of the Asia Pacific. Twenty-plus times PE looks ...
ECB annual cap for overseas borrowing raised to $30 bn - Financial Express
The decision was taken at a meeting of the high level committee on capital markets (HLCC) here on Friday, a senior government official said on condition of anonymity. A notification is expected shortly. Currently, there is an interest rate differential ...
: Soyameal exports may fall in May - Financial Express
The government is likely to soon extend by a year the deadline for export of 650000 tonne wheat products allowed for 2010-11 (April-March), a senior government official said on Monday. While total exports of 650000 tonne wheat products had been allowed ...
Diesel prices set to go up by R3 - Financial Express
New Delhi: The government is planning to increase diesel price by up to R3 a litre in a week, while oil marketing companies IOC, HPCL and BPCL are contemplating a similar increase in the price of decontrolled petrol, a government official said on ...
Govt clears 30000 tonne sugar export - Financial Express
A total of 16 mills have been allowed, for about 30000 tonne, one of the sources, who requested anonymity, said. The government had asked mills to register starting April 19 for exports. It asked mills to ship out the sweetener within four and half ...
SBI hires 10 banks for $300-m loan - Financial Express
Other lenders are being invited to join the facility in general syndication and responses are due on May 27, a source said. Banks offering to commit $20 million or more will receive an all-in fee of 140 basis points more than the London interbank ...
Lehman creditors draft payment plan - Financial Express
The draft plan by the group, which includes more than 10 banks with derivatives claims on Lehman, has met with disapproval from Lehman and may be filed in court by next week, said one of the people, who declined to be identified because the plan isn't ...
SEC mulls investigating Sokol - Financial Express
The Securities and Exchange Commission is weighing whether to formally investigate Sokol's purchases of stock in the company, Lubrizol, according to a person briefed on the matter who was not authorised to speak publicly. Securities lawyers say rules ...
All in a day - Financial Express
“A new cabinet will be formed in the near future,” a government official said. When asked about the timing of the dismissals by President Ali Abdullah Saleh, the official replied: “This government was supposed to change a while ago; it passed its ...
Ex-Wipro CEO Vaswani may head Microsoft India - Financial Express
Sources who did not want to be identified said Vaswani is in early stage of discussions with Microsoft. The software product firm is looking for a replacement for the chairman of its Indian unit, Ravi Venkatesan, who quit in February this year after a ...
RBI employees want autonomy on staff issues - Financial Express
This would mean the central bank board and the governor would have no say in matter relating to RBI,'' said a protesting employee union member on the condition of anonymity. “We have raised the issue with the RBI governor however, no action has been ...