Business Standard | Front Page Headlines
The latest news from India's most respected business daily.



Japanese firm tests FDI policy in tobacco (Jul 3)
The issue of foreign direct investment (FDI) in the tobacco industry may be rekindled with Japan Tobacco International Ltd (JTIL), the world's third largest tobacco company, applying to the Foreign Investment Promotion Board (FIPB) to raise its stake in its Indian venture from 50 to 74 per cent.


Govt readies three berths for SP (Jul 3)
The Congress prepared itself to part with the ministries of coal, environment and forests, and power whenever the Samajwadi Party (SP) signals that it is ready to join the 12-party United Progressive Alliance (UPA).


Govt may ease service tax norms for truckers (Jul 2)
The finance ministry is considering meeting a key demand of truckers by easing procedural issues and raising the abatement on service tax.


Sterlite Asarco deal hits another block (Jul 2)
Vedanta Group firm Sterlite suffered a setback today in its $2.6 billion bid for bankrupt copper miner Asarco with a US bankruptcy judge allowing Asarco's parent Grupo Mexico to come up with a revival package.


Sensex bounces back 703 points, but brokers wary (Jul 2)
Realty stocks jump the most on DLF buyback announcement. ??Hopes of political stability following negotiations between the United Progressive Alliance and the Samajwadi Party, bargain hunting by investors, short covering by bears and a sharp spurt in realty shares saw the Bombay Stock Exchange Sensitive Index bounce back from its 15-month low to register a thumping gain of 703 points.


SP eyes berths in UPA govt (Jul 2)
Seat adjustments in UP also part of deal.??The Samajwadi Party (SP) led by former Defence Minister Mulayam Singh Yadav is not only ready to join the Congress-led United Progressive Alliance (UPA) government at the Centre but has also demanded ministerships as the price for its support.


ONGC firm in shortlist for Iraq oil field development (Jul 1)
ONGC Videsh (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), is one of 41 global oil corporations shortlisted by the Iraq government to develop its oil fields.


Banks to take Rs 11,000 crore hit in farm loan waiver scheme (Jul 1)
Contrary to the government's earlier assertions, state-owned banks will take a hit of almost Rs 11,000 crore, or nearly 15 per cent of the revised countrywide loan waiver package of Rs 71,600 crore.


Brokers, analysts say the worst will be over soon (Jul 1)
The markets are nearing the bottom and the worst will be over soon. That's the overwhelming mood among a range of brokers, research analysts and fund managers, according to a poll conducted by Business Standard on a day the Bombay Stock Exchange's benchmark Sensex shed 499 points to close below 13,000.


JetLite cancels global flight plans (Jul 1)
The low-cost carrier will also ground 3 Boeing aircraft as part of cost-cutting measures.