As per recent news, Reliance Industries Ltd (RIL) owner Mukesh Ambani, Reliance Industries Ltd brought the ministry in its Supreme Court revised petition on Friday and demanded to act on its November 24 arbitration notice, source said.

Mukesh’s plea action is acted just a day after a legal notice issued by the oil ministry on Reliance Industries Ltd (RIL) for paying of $1.2 billion, or about Rs 7,000 crore as ministry loss due to a sharp fall in gas output from its showcase Andhra offshore field.

The arbitration notice served by the ministry on Wednesday, Read the rest of this entry…

The most debt overloaded Kingfisher Airlines whose 23% equity stake is of Banks, is under serious critical situation as all its lenders left out their hands from any assurance in finance to the airlines due to nonpayment of dues for over six months now.

Being afraid of grounding, KFA has decide to meet within next week to lenders, sit together and discussing significant strategies that may prove beneficial for both to salvage their interest in debt ridden company. Read the rest of this entry…

Top five telecom honchos met the top ministers of the government including Telecom Minister Kapil Sibal also, to concern the Trai’s auction proposals, but being disappointed with no results, they decided to step up with a possible 100 per cent hike in mobile tariffs.

Their step is a warning for the government as if the recommendations of Telecom Regulatory Authority of India (Trai) are implemented; then there will be definite 100% hike in tariffs, instead of 30 %. Read the rest of this entry…

Reebok’s product addicted has a bad news that the popular German sportswear maker Adidas announced to shut down 1/3rd Reebok stores in India and this is just because of govt. financial reforms.

The strategic outlook that Adidas raised on Monday will revise on the year 2013 after a clear financial statement over investment reforms has disclosed in the market. Read the rest of this entry…

Finally govt. has given their acceptance over the issue of in-principle allowance for foreign direct investment from Pakistan in concern of boosting the commercial relations between the two countries.

Announcing the govt. acceptance in principle to allow FDI from Pakistan, Commerce and Industry Minister Anand Sharma, in the Rajya Sabha said, “The move is expected to enhance the commercial engagement and bilateral trade between India and Pakistan,” but there was no fixed FDI target. Read the rest of this entry…

Highlighting the controversial spectrum issue, a meeting is likely to be held by four top profile telecom companies’ executives with Telecom Minister Kapil Sibal on Wednesday, discussing the proposal recommendations of TRAI in spectrum auction.

The chiefs of Bharti Airtel, Vodafone, Idea Cellular and Telenor, are to be presented in the meeting to put their concerns in front of R Chandrashekhar, secretary, Department of Telecommunications (DoT), Read the rest of this entry…

The year 2012 seems to be bad for India as one by one, factor dealing with economy clean their hands for making any share in the Indian economy as modest progress scope.

Recently, Lakshmi Mittal, a successful international businessman especially known for progress of his steel company ArcelorMittal, is plan to invest its scarce capital towards other markets than his native land India, searching quicker returns.

The world’s biggest steel company’s owner disappointed from Indian paralysis policy that resulted much less scope for his planned Indian investments in steel sector where his company is the undisputed world leader, producing over 100 million tonnes a year with a staff of 2.6 lakh across 60 countries. Read the rest of this entry…

Trai’s auction proposal that already faced refusal from the five top telecom companies is now opposed by a great disapproval from side of Norway’s Telenor that has showed it recently by written downing its 3.9 billion Norwegian crowns ($680.9 million) assets in India.

The company’s downing decision is forthcoming step to exit from Indian market if the government approved Trai’s proposal to hike reserved price upto to 13 times the price used in 2008. Read the rest of this entry…

The Cotton export, being a political issue due to having a full rejection from side of oppositional party members and Congress Party also, who says that the move is anti-farmers, the Centre is likely to plans for allowing more fresh cotton exports.

After the second-biggest producer banned over cotton fresh overseas sales last month, the government and top profile trade officials held a meeting on Monday and said 1.5-2 million bales of the fiber is expected to be allow for export in this year ending September 30. Read the rest of this entry…

After Standard & Poor’s, it’s the International Monetary Fund (IMF) which has disgraced governance issues to slow downing the business moderation project in economic growth affected investment, along with cyclical factors such as global uncertainty and policy tightening. Read the rest of this entry…