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

FIs may not sell BSES stake to Reliance

Financial institutions (FIs) are unlikely to sell their stake in BSES to Reliance. Institutional sources say as the enterprise value of BSES is much higher than the open offer price of Rs 234, it would be difficult to consider selling the stake.

Hutchison offers to pick 49% in Fascel

Hutchison Whampoa of Hong Kong has offered to pick up an equity stake of over 49% in Fascel, the Hindujas-promoted cellular venture in Gujarat, for an undisclosed price.

James Murdoch to head Star TV

James Murdoch was confirmed as head of News Corp Ltd's Asian satellite broadcaster Star TV on Thursday, in a move expected to be a major testing ground for Rupert Murdoch's youngest son.

Centre may allow power PSUs to float NRI bonds

The government is considering a proposal to permit cash-rich public sector power companies such as NTPC and PowerGrid to raise foreign currency funds from non-resident Indians through a fixed coupon rate bonds scheme.

Exports jump 30% in April

The country's exports had a flying start in April this year by notching up a 30.04% growth over the same month last year. Imports, too, registered a sharp increase of 43.64%, according to provisional trade data released by the commerce ministry on Wednesday.

Web servers may feature in double taxation treaties

In a move to facilitate e-commerce taxation, the Government is considering the possibility of including `web servers' as a `permanent establishment' in the double tax agreements with other countries.