Briefly Business: No ceiling on number of new bank licences: FM

With 26 companies applying for bank licences,finance minister P Chidambaram has said that there was no ceiling on the number of entities

Published:July 3, 2013 1:36 am

No ceiling on number of new bank licences: FM

New Delhi: With 26 companies applying for bank licences,finance minister P Chidambaram has said that there was no ceiling on the number of entities which can be permitted to operate a bank. “I don’t think there is a ceiling. I don’t think there is a number in mind,” he said. PTI

Coal India misses output target in June

New Delhi: Coal India (CIL) on Tuesday said it produced 32.5 million tonnes (MT) of coal in June,missing the month’s target of 35 MT. PTI

Commexes’ biz falls to R34 lakh cr till Jun 15

New Delhi: The turnover of the commodity bourses declined marginally to Rs 34.36 lakh crore till June 15 of the current fiscal as volumes fell in agricultural commodities as well as in bullion,according to the Forward Markets Commission (FMC). PTI

Service tax refund simplified for SEZs

New Delhi: The Revenue Department on Tuesday said special economic zone (SEZ) developers and units will not be required to pay tax on certain services for which they had to seek refund. PTI

ONGC gets 3 PetroFed oil & gas awards

New Delhi: ONGC clinched 3 awards at PetroFed Oil & Gas Industry Awards in the ‘Exploration & Production – Company of the year’,‘Project Management (above Rs 2,000 crore) Company of the year’ and ‘Innovator of the year – Team’ categories. ENS

India M&A deals up 12% in H1,2013

Mumbai: The overall merger & acquisition deals involving Indian firms clocked 12.3 per cent growth in the first half of 2013 at $20.1 billion over the year ago period,according to Thomson Reuters. PTI

Ban on FIIs buying Yes Bank shares lifted

Mumbai: The RBI on Tuesday lifted the ban on FIIs buying into the Yes Bank following a fall in shareholding by them in the private lender. PTI

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