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The latest news from India's most respected business daily.



NMDC FPO gets poor response on day one (Mar 10)
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO).


More losses for oil companies as price rise option closes (Mar 10)
Even before the start of the new financial year, the spectre of rising losses during 2010-11 has begun to haunt the three state-controlled oil marketing companies that account for over 90 per cent of the countrys retail petroleum products market.


IPL's third innings promises high-scoring revenues (Mar 10)
With just two days to go for the third edition of the Indian Premier League (IPL) Twenty20 tournament to get rolling, ticket sales have been brisk for the inaugural match in the suburbs of Mumbai and franchisees, broadcasters and movie hall-owners are all expecting high-scoring returns.


S 500, Dow now on NSE (Mar 10)
Chicago Mercantile, NSE in tie-up for cross listing arrangement for index futures.


India Inc faces higher gratuity provisioning (Mar 9)
Over 50 per cent of Indian companies will have to make higher provisions in their balance sheets as gratuity expenses. This follows last weeks Union Cabinet decision to raise the tax-free ceiling of gratuity payable to private sector employees from Rs 3.5 lakh to Rs 10 lakh.


RBI to amend rules to control NBFCs turning LLPs (Mar 9)
The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms.


States in one-upmanship on crop loan rates (Mar 9)
In their efforts to show that their hearts bleed the most for farmers, several state governments are turning competitive in providing crop loans at concessional or even zero rates of interest.


Now, nuclear liabilities bill under a cloud (Mar 9)
BJP says no quid pro quo as SP, RJD withdraw support over womens Bill.


Daimler to sell 5.34% stake in Tata Motors (Mar 8)
German car major Daimler AG is exiting Tata Motors, Indias largest commercial vehicles maker. Daimler, which held 5.34 per cent stake in the company, plans to raise around Rs 1,950 crore from the share sale.


Government tense on Budget after Women's bill fracas (Mar 8)
PM to meet SP, RJD and JD(U) as Congress managers fear for passage of Finance Bill.