New Delhi, Sept. 26: The government today said the CBI, the ministry of corporate affairs and the Forward Markets Commission will take action against National Spot Exchange Ltd (NSEL), which was an unregulated entity and violated norms from day one. “The Mayaram panel report has suggested that the CBI, FMC and MCA must take appropriate action. They have listed the irregularities. These authorities are looking into the matter. They will take action,” finance minister P. Chidambaram said.
New Delhi, Sept. 26: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has expressed interest in bidding in the next round of licensing for offshore and onshore oil/gas blocks in Tanzania.
Mumbai, Sept. 26: India Ratings today said the government was likely to miss the fiscal deficit target of 4.8 per cent this financial year because of the recent steep fall in the rupee and pegged the gap at over 5 per cent.
Chennai, Sept. 26: German commercial vehicle maker Daimler will launch three models in the country, taking its total product portfolio to 12, by this year-end, V.R.V. Sriprasad, vice-president of marketing, sales and after sales, said.
New Delhi, Sept. 26: The government today extended the last date for uploading audit reports of income tax returns by a month to October 31. The earlier due date was September 30.
Mumbai, Sept. 26: The BSE today lowered the circuit limit for shares of Kingfisher Airlines, capping its maximum movement in a day at 5 per cent after a recent rally in the stock.
Calcutta, Sept. 26: The net non-performing assets of state-owned company Housing and Urban Development Corporation (Hudco) has zoomed to over 5 per cent from 0.83 per cent in March because of the stress in the power sector.
