Posts Tagged ‘government’

Ireland starts action on subordinated bank debt

DUBLIN (Reuters) – Ireland’s High Court opened the way on Thursday for the government to force burden sharing on the owners of subordinated debt in nationalized Allied Irish Banks , the finance ministry said.

Govt fixes revenue target at Rs 9,000 bn this fiscal

The government has set a revenue target of Rs 9,000

Sushil Finance recommends `Accumulate` on Navneet Publications

Sushil Financial has recommended `Accumulate` on Navneet Publications

TEPCO’s liability may be capped at $24-45 billion: report

TOKYO (Reuters) – Japan may cap Tokyo Electric Power’s liability to as little as $24 billion for damages stemming from its crippled nuclear plant, the Yomiuri newspaper reported, citing a draft plan being considered by the plant operator and the government.

No new licensing norms needed for pharma cos: DIPP

The existing norms on compulsory licensing for pharmaceutical companies are comprehensive and no further guidelines are required, the Department of Industrial Policy and Promotion said on Monday. DIPP said it would take a decision on such applications on a case-to-case basis under the Indian Patents Act. Compulsory licensing (CL) is a system provided in the TRIPS agreement of the WTO under which any Government can…

Ram Informatics gets two projects from AP govt

Ram Informatics signed an agreement with Director Electronic Delivery of Services, Government of Andhra Pradesh for District eSeva services for a period of 5 years in BOOT model along with HCL as consortium partner. The company has also signed an agreement with Director EDS, Government of Andhra Pradesh for RAJIV Citizen Service Centers project for a period of 5 years in BOOT model for West Godavari/ Krishna/ Khammam Districts with Sreeven Infocom as consortium partner.

GMR Infra completes 50% stake sale in InterGen NV

GMR Group (“GMR“) announced today that it has completed its previously announced sale of a 50% interest in InterGen NV (InterGen) to a consortium led by China Huaneng Group (Huaneng) for total consideration of USD 1,232 million.

Rajaratnam defense to present its case for NY jury

NEW YORK (Reuters) – Now it is hedge fund manager Raj Rajaratnam’s lawyers’ turn to make their case at his insider trading trial on Monday that the government was wrong to accuse him of conspiracy and fraud.

Anna fast not the right way : NCP

NCP, a component of UPA, said the government has committed a “mistake” by accepting anticorruption activist Anna Hazare’’s demands.

Govt should appoint cochairman for committee: Hazare

Anna Hazare today demanded appointment of a chairman and a cochairman for the proposed joint committee to draft an effective Lokpal Bill and rejected the government’s offer of setting up of the committee by a letter of the Law Ministry.

Thousands back Anna’s hunger strike; govt offers deal

Students in Tshirts and Sikhs in turbans and carrying swords rallied alongside peasants and executives on Friday in support of activist Anna Hazare’s hunger strike against corruption, as the government and protest leaders neared a deal on an anticorruption bill.

Fitch assigns `BBB-` rating to GAIL

Credit rating agency, Fitch ratings has assigned GAIL (India) (GAIL) a Long-Term Foreign Currency Issuer Default Rating (FC IDR) of `BBB-`. The Outlook is Stable. Fitch assesses that overall, the legal, operational and strategic ties between GAIL and its 57.3% owner, the government of India (GoI), are strong enough to rate the company on a top-down basis, equating its rating to that of the GoI.

Govt asks RIL to meet gas demand of fertiliser cos

Faced with falling production from KG-D6 fields, the government has asked Reliance Industries to first supply natural gas to priority sectors like fertiliser and power even by stopping flow to refineries and steel plants. The order by the Petroleum Ministry follows sharp dip in production from Reliance`s eastern offshore KG-D6 fields to 47.5 million standard cubic meters per day in the week ended March 26, from 61.5 mmscmd output achieved a year ago. “Reliance…

Govt should appoiont cochairman for committee: Hazare

Anna Hazare today demanded appointment of a chairman and a cochairman for the proposed joint committee to draft an effective Lokpal Bill and rejected the government’s offer of setting up of the committee by a letter of the Law Ministry.