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Mumbai: Axis Bank’s proposed acquisition of Enam Securities’ businesses has received the final approval from the Reserve Bank of India (RBI). The bank now aims to integrate these operations by the end of the third quarter of this financial year. Initially, Axis will use the Enam brand. A re-branding...
KOLKATA | DELHI: Power producers, including the country’s largest player NTPC, have refused to sign the new fuel supply agreement with Coal India, saying the proposed contract is biased and absolves the state-run company of all obligations. The companies have accused Coal India of frittering away the opportunity provided...
BANGALORE: Uncertain times await investors planning to start iron-ore mining in Karnataka, as the state government has made it clear that fresh leases will be given only after the Supreme Court clears all legal cases concerning the sector. The state’s controversy-ridden industry has come under the purview of the...
Mumbai: In an indication of stress on corporate balance sheets, the quantum of loans approved for recast by the corporate debt restructuring (CDR) cell rose nearly 35% to R1,50,225 crore by end of March, 2012, over the previous year. The actual amount of debt restructured during 2011-12 was R39,311...
KOLKATA: Coal India Ltd (CIL), the world’s largest coal producer, would finalise at least eight fuel supply agreements (FSAs) by Tuesday, said its new chairman and managing director, S Narsing Rao. However, sources said the country’s largest power producer, NTPC, was yet to sign new FSA with the city-based...
NEW DELHI: Delivering a breather for telecom operators and brickbats for the government, the Supreme Court on Tuesday extended its earlier deadline of June 2 to conduct 2G spectrum auctions by three months while rejecting the government’s request for 400 days. Auctions will now be conducted by August 31...
From P. Sreekumaran THIRUVANANTHAPURAM: Change is the only constant in life. The Communist Party of India (Marxist) has realized this albeit a bit late in the day. It is a welcome realization of this basic fact of life that has induced the CPI(M) to evolve an Indian model of...
By Narendra Sharma NEW DELHI: The problem of Child Labour in India is neither easy to comprehend nor easy of solution. Poverty compels families to yoke also their children to work. Employers misuse children without any fear or hesitation and poverty of law even encourages them to do so....
The BSE Sensex traded near the day’s high in the post noon session. At 12.32 pm, it traded 104 points or 0.6% higher at 17,200 while the broader Nifty index advanced 23 points to 5,223. The IT index on the BSE soared 4.5%, entirely on account of the outperformance...
New Delhi: The countdown to the President poll has begun with the Congress facing testing times and struggling to get the numbers in the Rajya Sabha. While the Samajwadi Party is pitching for Dr APJ Abdul Kalam, the NCP wants an apolitical candidate. A worried Congress has now said...