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Realising the dampening impact on investments due to problems on account of regulatory nod, the government has decided to set up a high-level board to ensure speedy "one-time" clearances to oil and natural gas projects, 70 of which have been affected so far. The Project Clearance Board, to be...

Human Resources Development minister Kapil Sibal has backed a radical five-year management edu CAT )ion program for 10+2 students announced by Indian Institute of Management (IIM) Indore after it allayed some IIMs' reservations about the course diluting the IIM brand. IIM Indore had announced...

18 FDI proposals get nod Finance Minister P Chidambaram has approved 18 FDI proposals totalling Rs 1,820.24 crore (Rs 18.20 billion), including Manipal Educational Group's to induct foreign investment of Rs 1,435 crore (Rs 14.35 billion) in a holding company and US-based Freightcar to set up...

100 percent FDI on Titanium mining gets govt nod In a significant move, the Union Cabinet on Wednesday gave its approval for 100 percent Foreign Direct Investment (FDI) on titanium mining in India. Speaking to reporters after the cabinet meeting, Information and Broadcasting Minister P R...

Kingfisher Airlines chairman Vijay Mallya on Tuesday said budget carrier Air Deccan has applied for permission to fly overseas from next year. "Air Deccan has sought government approval to fly overseas from next year. The company is looking for a licence to start flights to Middle East, South...

Even as the Board of Approval on Friday gave its nod to 14 proposed special economic zones (SEZs), government officials said that one Reliance Anil Dhirubhai Ambani Group (R-ADAG) proposed zone at Noida was unlikely to see the light of day. The board formally approved 10 SEZs, including a 16...

MUMBAI: Indian Overseas Bank (IOB) will be the new partner in the credit card business led by Life Insurance Corporation of India (LIC). The board of the bank has approved the proposal to acquire up to 10% equity stake in the proposed company. Meanwhile, last fortnight, LIC received an approval...

Microsoft will mount a fresh legal challenge to the Eolas patent after being given the go-ahead to do so. The US Patent and Trademark Office (USPTO) will hear Microsoft's argument that it invented the software technology described by patent, not the University of California and researcher...

New Delhi: Even before India could open the doors for FDI in retail, Wal-Mart has made a quite entry into India. The government has allowed Wal-Mart to set up two offices in India. The Indian offices, which are likely to be based in Delhi and Mumbai, will explore business opportunities for...