Category «News»

Award of remaining Exploration Blocks under ninth bid round of New Exploration Licensing Policy (NELP-IX)

The Cabinet Committee on Economic Affairs (CCEA) today approved the following after considering the submissions made by Ishar Gasoil Pvt. Ltd., the view of Directorate General of Hydrocarbons (DGH) and recommendations of the Empowered Committee of Secretaries (ECS): (i) Rejection of bids of Ishar Gasoil Pvt. Ltd. for three blocks RJ-ONN-2010/1, GV-ONN-2012/1 and CB-ONN-2010/2 due …

Recapitalization of Public Sector Banks

The Union Cabinet today approved the following: (i) To provide capital funds to Public Sector Banks (PSBs) during the year 2012-13 to the tune of Rs.12,517 crore to maintain their Tier-l CRAR at comfortable level, so that they remain compliant with the stricter capital adequacy norms under BASEL-III as well as to support internationally active …

Gartner Predicts 30 Percent of Businesses Will Be Monetizing Their Information Assets Directly by 2016

Delhi, India, January 10, 2013 — The financial demands of storing and managing big data will lead 30 percent of businesses to directly or indirectly monetize their information assets by trading, bartering or outright selling them by 2016, according to Gartner, Inc. Many enterprises are starting to appreciate the real market value that their harvested …

Unleashing the Economic Potential of the Maghreb—the Role of Foreign Investment – Christine Lagarde, Managing Director, International Monetary Fund

Nouakchott, January 9, 2013 Bonjour, as-salam alaykum. It is a great pleasure to be here. Let me begin by thanking the governor of the central bank of Mauritania, Sid’ Ahmed Ould Raiss for convening this important conference. I would like to welcome the ministers and governors from across the Maghreb, as well as representatives from the private …

Symbian India Goes the Android Way for Mobile Entertainment – India’s first ever user-generated mobile TV consumption data points the way to future of Mobile entertainment

 India, January 09th, 2013: Every third Smartphone user in India uses an Android-based handset to access live entertainment content online while every fifth user prefers a Symbian platform. Blackberry users claim a close third spot, garnering over 17% of the OTT viewership space. Does it mean that the reign of the Symbian Nokia has ended? …

Amarchand Mangaldas and Gujarat National Law University launch ‘Vibrant Gujarat Law Book’

Gandhinagar, Wednesday, 9th January 2013: Amarchand & Mangaldas & Suresh A. Shroff & Co. (hereinafter referred to as Amarchand Mangaldas), India’s leading and largest full service law firm, in collaboration with the Gujarat National Law University (GNLU), one of India’s premier institutions for legal education, today launched an exclusive legal publication ‘Vibrant Gujarat Law Book’. …

ArcelorMittal prices Combined Offering of common stock and mandatorily convertible subordinated notes (“MCNs”)

Luxembourg, 10 January 2013 – ArcelorMittal (the “Company”) announces the pricing of its combined offering of ordinary shares and mandatorily convertible subordinated notes (“MCNs”) announced earlier today (the “Combined Offering”). The total aggregate proceeds from the Combined Offering are approximately USD 4.0 billion (before deduction of commissions). The ordinary shares offering represents an aggregate amount of …

Namibian Minister of Mines appoints Burhan Seber to Diamond Board

Antwerp, Belgium – January 9, 2012: Burhan Seber, president of the Diamond Manufacturers Association of Namibia (DAIMAN), was appointed to the Diamond Board of Namibia by Honourable Isak Katali, Namibia’s Minister of Mines & Energy, for a term of four years. DIAMAN is one of the 16 members of the International Diamond Manufacturers Association, the …

Focus Should be Placed on Skill Development and the Promotion of Entrepreneurship Qualities Among the Members of the Weaker Sections of Society by the Private Sector – Kumari Selja

A meeting was convened by Kumari Selja, Minister of Social Justice & Empowerment here today to take an update on the progress made by the private sector in regard to the Affirmative Action for the benefit of weaker sections, especially the Scheduled Castes and Scheduled Tribes. The representatives from three premier industry chambers viz., CII, …