In a bid to safeguard interests of ailing aviation sector, a Group of Ministers will meet later this week to give final touches on allowing investments in Indian carriers by foreign airlines, direct import of jet fuel by Indian carriers and Air India's

Amid economic uncertainties, Indian companies with overseas presence have posted better earnings in 2011 compared to entities focused on the domestic market alone, says a study.

India's biggest iron ore miner, NMDC Ltd, is scouting for mineral assets in Brazil, Mozambique, Russia, the United States and South Africa, it said in a statement.

Country's largest lender State Bank of India has decided to waive guarantees and annual service fees on loans given to small and medium businesses, guaranteed under the Credit Guarantee Fund Trust scheme.

The Reserve Bank has asked banks to set up dedicated verticals to help small and medium businesses to deal with financial matters.

Public sector lender Central Bank of India may go in for restructuring of some of its loans given to power companies in the current quarter.

Trailer axles manufacturer York Transport Equipment India, a part of the Tata Group, is aiming 30% revenue growth this fiscal on the back of growth in the industrial sector.

Family-controlled large business houses may be strong pillars of growth for India Inc, but experts warn that their internal feuds and succession issues also pose significant risks -- not only for the groups themselves, but for the entire economy as well.

India's robust economic growth may have led to a sharp rise in per capita income in the recent years, but the earnings of the country's top business executives has risen even more sharply.

The Department of Telecom will study the legal implications of the Supreme Court order cancelling 122 2G telecom licences before deciding on the future course of action.

Amid costly Indonesian coal putting a question mark over the viability of many power projects, Tata Power has said the flagship 4,000-MW Mundra UMPP could become a "non-performing asset" if no decision is taken on increasing tariffs for

The Corporate Affairs Ministry is unlikely to yield to pressure from some political parties to make 2% CSR spending mandatory for corporates under the new Companies Bill, which is currently being scrutinised by a parliamentary committee.

While the government has sent RIL's $0.135 marketing margin on the sale of KG-D6 gas to the oil regulator for approval, the Mukesh Ambani-led company has proposed to charge a $0.15 levy in lieu of marketing costs on the sale of gas produced from coal

The Finance Ministry is likely to reduce Securities Transaction Tax (STT) on equity trade in the forthcoming Budget in a bid to boost the capital market despite pressure to improve revenue collection.

Indian indices are expected to continue their winning streak this week on the back of renewed buying interest from foreign institutional investors and encouraging US jobs data, but the fag-end of the week may see some profit-booking by investors, say

Amid severe fuel shortages, the Coal Ministry has sought central assistance of Rs 544 crore to augment output in FY13 and said the three PSUs under its control have proposed investments worth Rs 14,683 crore to enhance production and make acquisitions

Singapore-based Indorama Corporation plans to invest up to Rs 1,000 crore within three years in India to set up three manufacturing facilities to produce spandex fibre, used in various applications like stretch denims and sportswear.

The government today said it will finalise new royalty rates for major minerals other than coal, lignite and sand by August this year, which will boost its revenues significantly.

Auto component-maker Sona Koyo Steering Systems is diversifying into supply of parts for off-road vehicles and is currently testing its products with a US-based firm with a view to start exports from early next fiscal.

Multi-brand car service chain Carnation Auto, promoted by former Maruti Suzuki India chief Jagdish Khattar, is gearing up for an aggressive foray into the used-car market, with plans to open over 160 outlets across the country in the next three years.