The Cabinet Committee on Prices is likely to ban exports of steel and steel products. The other measures being considered include levying an ad-valorem duty on iron ore exports and bringing down the excise duty on steel to 8% from the current level of 14%. Steel ministry is considering many steps to bring down steel prices. Also, reimbursement of service tax on foreign agents used by exporters will be further increased. Ban on exports is not the only solution, experts say.
Corporate giants Reliance Energy, Tata Power and Essar are among the 11 companies left in the fray for the two 4,000 MW power projects to be set in Gujarat and Madhya Pradesh at an investment of Rs 20,000 crore (Rs 200 billion) each.
Special economic zones dedicated to the infotech sector may receive a body blow if the tax exemptions provided to Software Technology Parks of India under Section 10(A) and 10(B) of the Income Tax Act are extended beyond March 31, 2009. According to a senior central government official, not more than half of the nearly 100 notified infotech SEZs will survive if the tax sops are extended.
The Central Bureau of Investigation will be opening its doors to the private corporate world as it seeks to upgrade and modernise its data management system.
Back after roadshows across the globe, Power Minister Sushilkumar Shinde on Thursday exuded confidence that foreign investors will line up for the government's ambitious ultra mega power projects.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
Of the total number of shares the government holds in Maruti, it is offering up to 2,31,12,804 shares, representing 8.00 per cent of the equity.
As prices go up and airlines go under, can you still afford to travel well? Here are three tips and six 'secret' routes by Peter Greenberg.
Going ahead with the sale of part of its equity in Bharat Heavy Electricals Ltd despite opposition from the Left, the UPA government has invited expression of interest from investment bankers for the divestment.
Air-India will appoint an advisor for laying out the roadmap for its initial public offer by this month-end and plans to hit the capital market by December 2005.
Indian Oil Corporation, the country's largest oil firm, is eyeing acquisition of Turkey's biggest refiner - Turkish Petroleum Refineries Corporation (TUPRAS).
Only punitive pressure against Pakistan can help in neutralising the Haqqani Network, says senior analyst B Raman
Australian photographer Hamish Blair's photograph of fans making monkey gestures during the seventh ODI between India and Australia at the Wankhede stadium smudged India's image in the cricketing world.
Bloggers, who have picked up on this order and have begun pointing out its inequities, point out that the wording of this EO is deliberately vague.
United States is all set to inundate the Indian consumers with sprightly grapes, pears, prunes and exotic wines, as it targets a major pie in the fast growing segment in the country.
Maharashtra Scooters hit the 10% upper deck at Rs 86.95 today boosted by reports that Kolkata-based jute industrialist Joy Kankaria is eyeing a 27% stake in the company. \n\n\n\n
The government has re-invited initial bids for divesting its 33.5 per cent stake in Madras Fertilisers Ltd to a strategic partner along with management control.\n\n\n\n
At least three companies including Essar Shipping, Videocon and Sterlite Industries on Friday bid for acquiring the government's 51 per cent stake in national flag carrier Shipping Corporation of India.
Kicking-off the process of divestment in Bharat Petroleum Corp, government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.
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