Saturday, November 3, 2012

Rakesh Mohan takes over as IMF executive director

Rakesh Mohan takes over as IMF executive director


Rakesh Mohan takes over as IMF executive director

Posted: 03 Nov 2012 12:06 PM PDT

Former deputy governor of the Reserve Bank of India (RBI), Rakesh Mohan has taken over as executive director on the board of the International Monetary Fund (IMF).


CAG calls for corporate accountability

Posted: 03 Nov 2012 11:38 AM PDT

At a time when his office is locked in a bitter tussle over the audit of KG-D6 gas fields, CAG Vinod Rai has emphasized the need for corporate accountability.


Never contested CAG audit: RIL

Posted: 03 Nov 2012 11:33 AM PDT

Reliance Industries Ltd on Saturday said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the CAG but hoped it will not be subjected to a performance audit.


Never contested CAG auditing KG-D6 spendings: RIL

Posted: 03 Nov 2012 08:39 AM PDT

Reliance Industries today said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the CAG but hoped it will not be subjected to a performance audit.


HBT fires 348 more employees

Posted: 03 Nov 2012 08:21 AM PDT

Haldia Bulk Terminals, promoted by ABG of India and LDA of France today retrenched 348 more employees, taking the total number of employees sacked to over 600 as part of its winding up process.

HBT fires 348 more employees

Posted: 03 Nov 2012 08:21 AM PDT

Haldia Bulk Terminals, promoted by ABG of India and LDA of France today retrenched 348 more employees, taking the total number of employees sacked to over 600 as part of its winding up process.


Chhattisgarh signs over 260 MoUs at investors meet

Posted: 03 Nov 2012 08:11 AM PDT

More than 260 Memorandums of Understanding were signed at the Chhattisgarh investors' meet that concluded in Raipur today.


Italy offers faster clearance for Indian investors

Posted: 03 Nov 2012 08:03 AM PDT

Italy is offering a single-window clearance for Indian investors with an aim to double bilateral trade between the two countries by 2050, an official said today.


India's forex reserves up $55.6 million

Posted: 03 Nov 2012 03:15 AM PDT

India's foreign exchange (forex) reserves went up by $55.6 million to $295.29 billion for the week ended Oct 26, Reserve Bank of India (RBI) data show.


Deceleration in growth has bottomed out: Montek

Posted: 03 Nov 2012 02:02 AM PDT

With economy showing signs of revival in the second quarter of this fiscal, Planning Commission deputy chairman Montek Singh Ahluwalia on Saturday said that the deceleration in GDP growth has bottomed out.


India, US top gold jewellery exporters

Posted: 02 Nov 2012 09:55 PM PDT

Italy has lost its position as the world's premier gold jewellery exporter, overtaken by India and the United States, and risks slipping further due to its high cost base and tariff barriers.


Business biggies in race for Mumbai chain Moshe’s

Posted: 02 Nov 2012 05:15 PM PDT

Wealthy businessmen and private equity biggies have queued up to buy Moshe's, one of Mumbai's well-known bistros built over the past decade.

Hindujas set to buy US company for $1bn

Posted: 02 Nov 2012 05:13 PM PDT

Hinduja Group India is near an agreement to acquire chemical maker Houghton International for about $1.1 billion, according to two people with knowledge of the matter.

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