In an interview with CNBCTV18, Arun Kumar Jagatramka, MD, Gujarat NRE Coke, spoke about the latest happenings in his company and sector.
The ONGC followon public offer, in all probability, should go through in fiscal 2011. Expressing this optimism, ONGC chairman RS Sharma said the FPO should take place in JanuaryMarch 2011 and the government is planning 5% divestment in the company.
Usha Thorat, deputy governor of the Reserve Bank of India (RBI) in her speech at a banking conference announced that the central bank has deregulation of savings bank deposit rate on its agenda.
In an interview with CNBCTV18’s Udayan Mukherjee, RC Mansukhani, Group Chairman at Man Industries, spoke about the latest happenings in his company and the road ahead.
Bharat Heavy Electricals has signed a Joint Venture agreement with Governement of Kerala on September 08, 2010.
SpiceJet will be starting international flights to Kathmandu and Colombo on October 7, confirmed Director Kishore Gupta. With the fare being kept minimal, the airline’s margins will be hit slightly in the initial period but in the next one to two years, international revenues will contribute 1012%, he said.
In an interview on CNBCTV18, NC Saxena, the Supreme Court appointed commissioner on food security and YK Alagh, Chairman, (IRMA), debated whether the Supreme Court’s order directed at the government to distribute foodgrains free of cost to the poor was economically practical or if any other solutions existed which could be explored.
The government has hiked petrol and diesel prices marginally across the country, reports CNBCTV18’s Gautam Broker.
Farm Minister Sharad Pawar said on Tuesday the country was likely to produce around 24 million tonnes of sugar in the upcoming 2010/11 harvest as it swings into a surplus from being a major importer last year.
The Reserve Bank of India (RBI) may not be ready to tone down its hawkish monetary policy just yet as it awaits more data to see whether signs of cooling growth are an aberration or a trend, three RBI sources said.