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PMO calls for quicker dismantling of administered pricing in oil sector

The Union government has decided to dismantle the administered price mechanism (APM) for crude oil and petroleum products much ahead of schedule.

Sensex greets Samvat 2056 with 52pt leap

It was a day of sentiments and traditions, almost 125-years-old. The sentiments run high on this day, and Sunday was no exception. But, for a change, dealers' adrenaline never ran high. On Sunday, the mood of market players during the mahurat trading on the Bombay Stock Exchange (BSE) was bullish, to say the least. As a result, after a long time, the Sensex closed higher during the mahurat trading.

State weighs plan to lease out part of Mantralaya

Even as Vilasrao Deshmukh's jumbo ministry of 55 members scrounges around for space at Mantralaya, the Maharashtra government is toying with the idea of leasing out a portion of the complex to generate funds for a cash-strapped government. The Mantralaya complex in south Mumbai houses the state government's secretariat and ministerial offices.

Broadcasting bill may allow DTH services

The Broadcasting Bill will allow direct-to-home (DTH) television broadcasting in the country. This will put to an end to the uncertainty over the fate of DTH services which has been hanging fire for the last three years.

HCL Tech sews up M&A strategy, eyes $200m firms

HCL Technologies (HCLT) has finalised an M&A strategy that will help the company grow aggressively. Ahead of its forthcoming public issue, the company's board is learnt to have approved an M&A strategy which seeks to consider targets with annual revenues in the range of $20 million to $200 million.