Shapoorji Pallonji one of the country’s largest developers, has called off its plans to foray into the real estate private equity space, as the company has not been able to raise a corpus of USD 500 million due to a conflict of interest.
Courtesy: Moneycontrol

Manmohan Singh presented the report card of the UPA government on Wednesday. Expressing his gratitude to Sonia Gandhi, he says India’s international relations have improved, and the government is taking measures to tackle problematic issues.
Courtesy: Moneycontrol

Oil minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017
Courtesy: Moneycontrol

The Competition Commission is likely to look into whether there was cartelisation among telecom players in the recent spectrum auctions, as has been charged by the country’s top auditor.
Courtesy: Moneycontrol

Almost 37 power stations in India have received zero supply of natural gas from Reliance Industries Limited’s KG Basin.
Courtesy: Moneycontrol

Vodafone reported biggest fall for service revenue for the quarter , the group ’s full-year sales aslso fell by 4.2 percent to 44.4 billion pounds, while core earnings fell 3.1 percent to 13.3 billion pounds. There was no mention of the stake sell to joint venture partner Verizon Communications in the U.S
Courtesy: Moneycontrol

Tata Consultancy Services became the country’s most valued firm with a market capitalisation of over Rs 2.87 lakh crore, surpassing ONGC. Reliance Industries with a market capitalisation of Rs 2,68,910 crore was at third place.
Courtesy: Moneycontrol

Frost Sullivan honours Tata Communications with four awards in the Enterprise Telecom Services category at the 2013 Frost Sullivan, India, Information Communications Technology (ICT) Awards.
Courtesy: Moneycontrol

Consulting firm Accenture PLC said Friday it will buy Acquity Group Ltd. for USD 316 million in cash.
Courtesy: Moneycontrol

The State Bank of India is of the view that Reserve Bank of India should be the regulator for all home loans sanctioned by banks and housing finance companies. A single regulator would help remove the regulatory arbitrage that existed between banks and HFCs.
Courtesy: Moneycontrol