GURGAON: The US on Thursday said it is looking forward to India opening up its insurance sector further to foreign investors just as it has done in case of FDI in the retail sector."We are looking at the expansion of FDI, particularly at expansion of FDI in insurance," US Ambassador to India Nancy J Powell said at the World...
NEW DELHI: The Cabinet on Thursday approved levy of about Rs 31,000 crore as one-time fee on spectrum held by incumbent telecom firms such as Bharti Airtel and Vodafone in an attempt to create level playing field between old and new operators.Finance Minister P Chidambaram said the Cabinet has approved the recommendation of an Empowered Group of Ministers that...
NEW DELHI: A proposal for disinvestment of 10 per cent of government equity in the country's only state-owned aerospace firm Hindustan Aeronautics Limited was approved by the Union Cabinet on Thursday."The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of 10 per cent equity in HAL out of its holding on 100 per cent through an Initial Public...
NEW DELHI: Government has decided to publish names of fraudulent multi-level marketing firms and issue alerts to investors to not put their hard-earned money into the schemes run by these companies.The Corporate Affairs ministry will also upload the names and details of such companies on its website explaining their modus operandi."The public will be informed about the menace of...
HYDERABAD: Twelve years after BCCI imposed a life ban on Mohammad Azharduddin from playing cricket, the Andhra Pradesh High Court today set aside the decision of the cricket body.A bench of justices Ashutosh Mohanta and Krishna Mohan Reddy gave relief to former Indian skipper-turned-politician Azharuddin, allowing his appeal challenging the order of a local court, which had upheld the...
WASHINGTON: The Gadar movement's year-long centenary celebrations were launched in the US by a group of eminent Indian-Americans, remembering the 1913 rebellion in history as a testimony of the deep love the immigrants had for their motherland.
The year-long Gadar Centennial celebrations were formally launched in the presence of Ambassadors to the US from four countries, India, Guyana, Suriname and...
NEW DELHI: Stepping up further pressure, Ram Jethmalani has demanded the immediate resignation of BJP President Nitin Gadkari and claimed three other senior leaders including Jaswant Singh and Yashwant Sinha were with him on the issue.
"I am in touch with Jaswant Singh, Yashwant Sinha and Shatrughan Sinha (all Lok Sabha members). We seem to be on the same wave...
UNITED NATIONS: India, which assumed the rotating Presidency of the UNSC here, hopes to reach out to other nations in garnering support for expansion of the world body's top decision-making arm besides seeking a comprehensive anti-piracy strategy to tackle the maritime menace.
India will have a "very full agenda" as President of the powerful 15-nation UN Security Council this month,...
NEW DELHI: The government has cleared 12 FDI proposals, including the ones by UK's footwear chain Pavers England and America's oldest clothing retailer Brooks Brothers, that envisage a total investment of Rs 706.66 crore.
The Foreign Investment Promotion Board (FIPB) in its meeting on October 19 gave its approval for induction of foreign equity worth Rs 98.26 crore by Pavers...
NEW DELHI: Confectionery firm Cadbury India Limited has come under the scanner of financial intelligence sleuths for alleged excise duty evasion of about Rs 100 crore.
In an inquiry being conducted by the Department of Revenue, the firm was allegedly found to have wrongfully claimed 'area based exemption' for its new unit at Baddi in Himachal Pradesh, official sources said.
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