Concerned over the frequent leaks of its "half baked reports", the office of the Union comptroller and auditor-general (CAG) has decided to issue different versions of its draft reports -- the ones given for feedback and reactions before the final version is readied -- to ministries and public sector units to nail the sources of leaks.
Foreign institutional investors have offloaded shares worth nearly Rs 3,000 crore (Rs 30 billion) in 23 Indian companies, such as mortgage lender HDFC and Bombay Dyeing, among others, so far in 2011.
The auditor said that in the case of performance audit on hydrocarbon production sharing contracts, 'interactive meetings were held with two operators, including RIL, prior to the finalisation of the draft performance audit report'.
In a major shake-up of selection system in the country, the New Zealand Cricket (NZC) on Wednesday disbanded its national selection panel and replaced it with a new post of National Selection Manager (NSM).
EIA expects the price of West Texas Intermediate crude oil to average about $100 per barrel in 2012.
Demand low, regulatory issues seen as bigger hindrances.
Re-instatement of 5% custom duty on crude imports will help.
The overall breadth was positive as 1,593 stocks advanced while 1,295 stocks declined.
Prakash Bhandari chalks the journey of Lalit Modi from his troubled adolescent days to his mid-life crisis, from his grand success at the India Premier League to his dramatic exit from it
New regime less harsh than the draft guidelines, has a host of exemptions.
The exchange granted 1.96 million stock options under two employee stock option (Esop) schemes in 2006 and 2008 to those eligible, according to regulatory filings.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
If you have a question relating to cricket and did not know who to ask, bounce them off to Rajneesh Gupta. Each week he will pick questions readers send him and provide answers.
Markets ended flat amid a range bound trading session on Tuesday led by fast moving consumer goods shares.
the Nifty which touched an intra-day low of 4,639 closed lower by 59.55 points at 4,646.
The government's decision not to extend the tax holiday on exploration of oil blocks being offered in the ninth round of bidding under the New Exploration and Licensing Policy (Nelp) may impact the current bidding process, of Nelp-IX.
There will be capital gains tax of 20 per cent with indexation.
BP will pay $7.2 billion for 30 per cent stake in exploration blocks.
Statistical highlights of Sunday's World Cup match between New Zealand and Kenya, in Chennai.
Oil Ministry is referring the deal to the Cabinet for approval after a standoff between Cairn and Oil and Natural Gas Corporation over the state-owned firm's liability to pay royalty in excess of its 30 per cent share in Cairn's mainstay Rajasthan oilfields.
Though the Prime Minister's Office had earlier this month asked the ministry to decide on giving approvals to the $9.6-billion acquisition on merit, the Oil Ministry has slipped in 11 pre-conditions that are unlikely to be accepted by the London-listed firm.
Reddy, who moved from urban development to the oil ministry, got down to tackling the task straightaway with a brainstorming session with senior ministry officials on Thursday.
A preview of the December quarter's company results by three foreign and three Indian broking houses hints at relatively moderate performance. Of the 47 companies that are part of the BSE Sensex & S&P-CNX Nifty, the benchmark indices, the expected net profit growth is 22 per cent.
New Zealand have responded to the recent poor showing on the tour to India and Bangladesh by naming John Wright as head coach in place of Mark Greatbatch, New Zealand Cricket (NZC) said on Monday.
The rates set would be excluding cess, transportation charge, marketing margin/service charge and taxes.
The market breadth was neutral.
Statistical highlights at the end of third and final cricket Test between India and New Zealand at Nagpur on Tuesday.
State-owned Oil and Natural Gas Corporation plans to invest over $10 billion in bringing to production gas discoveries off the east coast, its director (exploration) D K Pande said on Tuesday.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
Whereas, the group is offering Cairn India's parent Cairn Energy Rs 405 a share, which includes a fee for not competing with it in India, Sri Lanka and Bhutan for the next three years.
The Krishna-Godavari (K-G) basin may prove to be a much bigger play for Reliance Industries Ltd. This follows the announcement that its D4 block could hold twice the reserves of the in-production D6 block to the north.
Extending its losing streak for the third consecutive session, energy major Reliance Industries fell by 1.6 per cent on the Bombay Stock Exchange on Thursday, dragging the broader Sensex down by 80.71 points.
The markets took a breather after the stupendous gains of the past fortnight that catapulted the Sensex past the 20K mark in the previous session.
Australia has pinned its hopes on ageing warhorse Lleyton Hewitt to steer the country back into the Davis Cup's world group, naming him in both singles and doubles for their playoff against Belgium in Cairns this week.
Tax officials are scrutinising other cross-border mergers like the Vodafone-Hutchison deal for possible tax evasion after the Bombay High Court rejected a petition against imposition of tax on the deal, a key Finance Ministry official said.
India Inc's merger and acquisition activity seems to be fading as the month of August was the leanest since September 2009 with total deal volume of $4.2 billion.
Delay in approvals and bureaucratic stonewalling create hurdles; experts fear return of licence raj.
The recent Vedanta verdict is an aberration, not a trend, feels Nityanand Jayaraman.
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