Financial Express - India's leading business newspaper from the Indian Express Group

Centre likely to withdraw `navratna' status to SAIL

Government is considering withdrawing "navratna" status conferred on the SAIL earlier. The government has set up a group of ministers to recommend whether or not SAIL should continue to enjoy the navratna status.

Videocon ropes in Cathay Pacific for Indian Airlines bid

Videocon International, which has been shortlisted to bid for a 26% stake in Indian Airlines, has roped in Cathay Pacific as its strategic ally and Chase Manhattan as its advisor to raise the necessary funds.

Ficci chief calls for measures to arrest fall in FDI

Federation of Indian Chambers of Commerce and Industry's new president Chirayu R Amin has said the govt should take some vibrant policy measures to arrest the decline in the foreign direct investment. Ficci will take up this issue with the government.

IIBI in talks with IBM, Matrix for major infotech thrust

IIBI, the Calcutta-based financial institution, is in talks with frontline infotech companies like IBM, Matrix Solutions and others for its major infotech initiative across the institution.

HCC, L&T, Gammon Atlanta bag 3 Golden Quadrilateral road projects

Hindustan Construction Company, Larsen & Toubro and Gammon Atlanta have bagged three road projects, worth about Rs 800 crore, on the Calcutta-Chennai corridor of the Golden Quadrilateral.