Sensex up over 74 points in early trade ahead of RBI policy
take a decision on sugar exports in January after assessing the final cane crop and the estimated sugar output.
The government is considering schemes such as gold deposits, gold-linked accounts and pension products to curb demand for the precious metal, blaming its massive imports for the high current account deficit.
The government and regulators are discussing fresh tax benefits for investment in equities in an attempt to wean away individuals from parking funds in gold.
ConocoPhillips is in talks with Oil and Natural Gas Corporation to buy stake in more than one of its ultra-deep-water blocks.
FINANCIAL/REGULATORY
Investments into Indian shares through the participatory note (P-Note) route hit an eight-month high of 1.76 trillion rupees in October.
The government has approved the first tranche of 120 billion rupees fund infusion in state-owned banks, a moved aimed at enhancing their capital base, a senior official said.
IT
Tata Consultancy Services Ltd, India's largest information technology services provider, told analysts the company's third quarter would be a usual one, with no sudden negative surprises.
TELECOMS
The government on Monday moved the Supreme Court seeking a review of its January judgment that struck down the income tax department's demand for $2.2 billion from Vodafone over the UK company's acquisition of Hutchison's stake in Hutch-Essar in 2007.
AIRLINES
Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an Indian government official said on Monday.
India's debt-laden and
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