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



ONGC to enter nuclear mining (Jul 24)
Oil and Natural Gas Corporation (ONGC), the country's largest oil and gas producer, plans to enter uranium mining in alliance with public-sector Uranium Corporation of India, aiming to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.


Reliance Industries` Q1 net profit jumps 13% (Jul 24)
Reliance Industries Ltd (RIL), India's largest company by market value, has reported a 13 per cent increase in net profit for the first quarter ended June 2008, as it was able to sell its products at higher prices and also because of doubling of export sales.


Govt lines up market reforms (Jul 24)
In a move to improve the tradability of domestic convertible bonds, the finance ministry has proposed a mechanism, under which the equity option can be traded separtely.


Government wins market trust too (Jul 23)
The markets cheered the government's victory in Parliament on hopes that reforms would get a push with the Bombay Stock Exchange's (BSE's) benchmark sensitive index (Sensex) gaining the most since March 25 this year to come within striking distance of the 15,000-mark.


ADAG stocks see powerful surge (Jul 23)
The government's victory in Parliament on July 22 seems to have had a beneficial effect on companies promoted by the Anil Dhirubhai Ambani Group (ADAG).


IRDA opposes LIC`s move to nominate `stranger` nominees (Jul 23)
The Insurance Regulatory Development Authority (Irda) is planning to issue a notice to Life Insurance Corporation of India (LIC) to stop the latter from allowing policy-holders to nominate "strangers" (those who are not close relatives) and religious institutions as beneficiaries of life policy claims.


Govt plans pre-IPO placement for OIL (Jul 23)
The government will offload 10 per cent of its shares in Oil India Ltd (OIL), the second-largest government-owned oil producer, to the three oil marketing companies ? Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp ? as a pre-IPO (Initial Public Offer) placement before OIL's share sale hits the market in October this year, but at a price determined in the public offer, a company official said.


Government to move forward on economic reforms (Jul 22)
Having won the trust vote comprehensively, the government today sounded an upbeat note on the economy, saying it would move forward on implementing pending economic reforms including legislation aimed at increasing the foreign direct investment limit in insurance to 49 per cent, allowing foreign investors in banks higher voting rights and reforming the pension system.


Bribery drama eclipses UPA win (Jul 22)
The United Progressive Alliance (UPA) government today won the vote of confidence in the Lok Sabha but the government's prestige was badly dented after Bharatiya Janata Party (BJP) MPs alleged that members from the government and its new-found ally, the Samajwadi Party (SP), had offered bribes in return for a pro-government vote.


Travel agents threaten to stop selling airline tickets (Jul 21)
Major travel agents have threatened to stop selling domestic and international air tickets until airlines agreed to restore commissions that they had said they would scrap starting October 1, citing higher costs and slower growth.