It would take very little provocation for the companies to move out of Karnataka, which it seems has been provided by the state government. The state government would have done so as a political move just ahead of the state elections, but the move has given a big blow to the IT sector in the state and with it perhaps the development of the entire state. … [Read more...] about Did Karnataka govt shoot itself in the leg by clearing the IT union?
India union budget
Other stocks and sectors that are in news today:Axis Bank raises USD 250 million through 3.25 percent senior unsecured notes due May 21, 2020Sintex allots 1 crore shares to FCCB holder on exercise of conversion rightsKridhan Infra allots 32.25 lakh shares on warrant conversion to holders-3i Infotech allots 31 lakh shares against FCCB conversion of USD 10 million BEML rolls out country's biggest Dump TruckNSEL case update: Maharashtra Protection Of Interest Of Depositors (MPID) Court extends Amit Rathi's police custody till March 13Insurance unions give 1-day strike call on March 9 to protest against Insurance Bill: PTISamsung Electronics says in talks with Indian state governments for new manufacturing plantContainer CorporationState Bank Of Travancore cuts base rate from 10.25 percent to 10.15 percent w.e.f MondayGAIL says exempted from sharing under-recovery for Q3, Q4FY15 … [Read more...] about Stocks in news: Suzlon, DLF, JSPL, Hindalco, Jayaswal Neco
While releasing the draft policy the government in a statement had said that energy is handled by different ministries that have the primary responsibility of setting their own sectoral agenda, an omnibus policy is required to achieve the goal of energy security through coordination between these sources. This is also expected to mainstream emerging energy technologies and provide consumer energy choices. … [Read more...] about Why it makes sense to keep energy prices on par with international rates
According to reports Axis Bank, despite its poor showing, has managed to get a private equity fund willing to pump money into it. Axis Bank has, however, denied the news, but has accepted that it continues to explore various means of raising capital. The report also points out that other suitors may be interested in picking up stake in Axis Bank. … [Read more...] about Why it would be a good idea for the government to get PSU banks married off