Business News Headlines

SEBI has one woman on its board

Chennai , March 31

The Indian market regulator gearing to penalise listed companies not having a woman director on their boards has one woman in a similar position.

Private sector company's definition changed for funding scheme

New Delhi , March 31

The union cabinet on Tuesday aligned the definition of the term "private sector company" to that in the guidelines for the Viability Gap Funding Scheme (VGF Scheme) for PPP projects.

Cabinet nod for pooling imported, domestic gas prices for urea

New Delhi , March 31

The Cabinet Committee on Economic Affairs on Tuesday approved the supply of gas at uniform delivered price through a pooling mechanism for 30 urea manufacturing units in the country.

10,000 jewellers in Bengal down shutters

Kolkata , March 31

Over 10,000 jewellers in West Bengal downed their shutters on Tuesday in protest against the union budget making PAN number declaration mandatory for gold purchases of Rs.1 lakh and above.

Etihad, South African Airways code-sharing for India-origin flights

Kolkata , March 31

Global airlines companies South African Airways (SAA) and Etihad Airways (EA) on Tuesday said they have commenced a codeshare partnership in India which will enable fliers from India to travel to Johannesburg in South Africa via Abu Dhabi in UAE.

Mobile operators contest DoT's tariff math post-auction

New Delhi , March 31

Mobile operators and telecom equipment makers on Tuesday contested the Department of Telecom's (DoT) calculation on the impact of the recent spectrum (airwaves) auction on tariff.

Core industries' February output growth falls to 1.4 percent

New Delhi , March 31

India's core industries output growth slowed to a four-month low of 1.4 percent in February, on the back of a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday.

RIL wins two oil blocks in Myanmar

Mumbai , March 31

Mukesh Ambani-led Reliance Industries Ltd on Tuesday said it has been awarded two offshore blocks for exploration of oil and gas in Myanmar.

New natural gas price from April cut by 8 percent to $4.66 a unit

New Delhi , March 31

With the domestic natural gas price announced in October expiring on Tuesday, the government announced the new rate, effective April 1, at $4.66 a unit -- lowering it by 8 percent from the existing $5.61 owing to lower international prices.

World Bank signs $500 mn loan agreement with India

New Delhi , March 31

The World Bank said on Tuesday it has signed a $500 million loan agreement with India to improve financial access for the country's small-scale business enterprises in the manufacturing and services domain.