India News

For the first time since the Volcker Committee findings on Iraq oil pay-offs were made public, Finance Minister P Chidambaram today said the government has asked a few Indian companies that figured in the report to 'share' records and information.

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India on Wednesday demanded "real cuts" in farm subsidies by the US for creating a level-playing field in multilateral trade, but Washington put the ball in the European Union's court saying the successful outcome .

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NASA administrator Michael Griffin desires a greater role for private industry in space, and believes the international space station can provide incentive for businesses to get involved.

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Shanthi Gears Ltd has raised $ 15 million by way of foreign currency convertible bonds. The bonds, convertible into the company's equity shares of Rs one each, are issueable in two tranches consisting of bonds worth $ 10 million in Series A and bonds worth $ 5 million in Series B, the company informed the exchanges.

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Domestic mutual funds (equity) are sitting on more than Rs 5,000 crore of cash as of mid-November. This money, sooner or later, will be invested in the stock market.

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