NATIONAL Naik defends hike in petrol, diesel prices
New Delhi: Petroleum Minister Ram Naik on September 1 said the hike in petrol and diesel prices
was "justified" given the hardening of global crude prices.
Govt clears 17 FDI proposals worth Rs 588 crore
New Delhi: Government on September 1 approved 17 foreign direct investment (FDI) proposals totalling Rs 588.54 crore including that of CDC-PTL Holdings' plans to acquire shares worth Rs 452 crore of Punjab Tractors.
Standard & Poor's upgrades Indian banks' safety rating
New Delhi: Global rating agency Standard & Poor's on September 1 upgraded the outlook for the Indian banking system to "stable" from "negative" in the face of structural reforms and improved health of the banks.
INTERNATIONAL Royal Dutch Philips to make more investments in India
Amsterdam: Having initiated comprehensive restructuring of Indian operations as well as the process to convert Philips India into a wholly owned subsidiary, Royal Dutch Philips now plans to make fresh
investments.
