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

Centre defers oil price rollback

Union government has deferred the rollback of oil prices with Prime Minister AB Vajpayee conveying to Railway Minister Mamata Banerjee that he will consider the issue once he returns to the Capital after his knee operation scheduled in Mumbai on October 10.

Five firms to get IRDA licence in first phase

The Insurance Regulatory & Development Authority will consider for issuing the first-phase licences only to those companies which had put up their applications before August 30.

UTI, ICICI Bank, others to acquire stake in CDSL

Central Depository Services (India) Ltd, the country's second depository, is readying a gameplan to increase market share and bring in several strategic equity partners. UTI and ICICI Bank are already on the verge of picking stakes in CDSL.

ICICI sews up insurance JV with Lombard Canadian firm

ICICI Ltd on Wednesday said that it will set up a 74:26 joint-venture with the Canada-based Lombard to foray into the general insurance business.

Nuclear power projects will enjoy fiscal concessions

The Cabinet Committee on Economic Affairs (CCEA) has decided to extend fiscal concessions to nuclear power projects as available for mega projects for power generation.