Insurers to channel more funds into markets this year

The Indian stock market doesn’t have to worry about the restrained flow of foreign institutional funds. Domestic insurers, undeterred by the ongoing market volatility, are determined to pump in more money into the market.

Tax clarity on crude oil, natural gas likely soon

The government will shortly come out with a clarification that production of crude oil will continue to enjoy tax benefits under Section 80-IB(9) of the Income Tax Act. Alongside, a clear view on whether natural gas would also qualify for similar tax benefits will be taken shortly by the Cabinet.

Indus Towers faces crack; Idea may pull out of JV

Five months after it was formed as a great partnership initiative between the big three GSM players towards passive infrastructure sharing, Indus Towers—the venture between Bharti, Vodafone Essar and Idea Cellular—is facing its first crack.

Vodafone may enter MTN race

The bidding war for South African telecom major MTN may have just started, with the largest telecom company by revenues, Vodafone, too eyeing MTN. According to foreign media reports, the company is examining a £20 billion bid for MTN.

Country joins the helium league

In a technology breakthrough, Oil and Natural Gas Corporation Limited has launched India’s first pilot project on helium extraction, off the Cauvery basin at Kuthalam in Nagapattinam district of Tamil Nadu on Sunday.

DoT skews 3G licence rules to biggies' favour

It could be curtains for the clutch of new telecom companies planning to bid for 3G licences. The draft auction plan, prepared by the department of telecommunications for each circle, puts the new and smaller players at a disadvantage.

More regulatory teeth for SEs

In yet another move to restructure the stock market, especially in an environment where stock exchanges have been demutialised and corporatised, the ministry of finance, in consultation with the Securities & Exchange Board of India, has decided give the exchanges more teeth and make them accountable for delisting of securities. Earlier, the ministry and the regulator had both highlighted the need to enhance the role of the exchanges in regulating the markets.

Tata inks accord for dual-fuel tech

Tata Motors is working on technology that will allow its diesel generators to also use natural gas.

HDFC Bank sets aside Rs 100 cr for derivatives

HDFC Bank, which posted a fourth quarter net profit of Rs 471.1 crore, made a provision of around Rs 100 crore on currency derivative trades.

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