Acquisition of land for private purposes will require the consent of at least 80 per cent of the owners, is the almost-final decision of the group of ministers (GoM) tasked with recommending on this.

Consent of 80% land losers must 

Business Standard

Soon after assuming office, Railway Minister Pawan Kumar Bansal indicated railway fares would have to be increased.

Rail Minister Bansal bats for fare hike

Delhi International Airport Ltd, operators of IGI airport, on Monday launched the &lsquo;GMR Delhi Airport&rsquo; application on the Windows 8 platform, in collaboration with Microsoft. The application provides a host of utility features such as real-time flight information, live weather information, etc. The application can be downloaded at free from the Windows Store website.

'GMR Delhi Airport' app on Windows 8

The government has collected Rs 3,625 crore as earnest money deposit from six pre-qualified bidders for the spectrum auction, according to the Department of Telecommunications&rsquo; latest announcement on its website.

Govt collects Rs 3,625-cr deposits for 2G auction

A day after the alleged abduction of three ABG Haldia Bulk Terminals (HBT) officials, the industry and the Opposition came out in support of the company, criticising the Mamata Banerjee government for its inaction in maintaining law and order situation at Haldia.

Industry fears Singur, Manesar rerun at Haldia

The government is planning to make India a teleport hub, enabling it to become an up-linking/down-linking centre such as Hong Kong and Singapore. The Ministry of Information and Broadcasting (I&amp;B) would soon hold discussions to explore modalities and challenges and finalise a road map for this, I&amp;B secretary Uday Kumar Verma said on Monday.&ldquo;The initiative will bring foreign investment, better technology and sustainable employment opportunities,&rdquo; Verma said.

India to become teleport hub: I&B secy

The Telecom Commission (TC) is to meet on Wednesday to discuss the recommendations of the Telecom Regulatory Authority of India (Trai) on the spectrum refarming issue.

Special meet tomorrow on spectrum refarming

The flow of private equity (PE) funds into the realty sector declined 15 per cent in the first three quarters this year, compared with the corresponding period last year, owing to regulatory and investment concerns, said a report by international consultancy Cushman and Wakefield.

PE investment in realty down 15%, says report

M Veerappa Moily, who took charge as the petroleum minister on Monday, has promised to expedite decisions and create an environment conducive to drawing investments. His announcement saw the Reliance Industries stock jump 1.5 per cent to close at Rs 811.20 on BSE, even as the benchmark Sensex rose a mere 0.06 per cent. The company has faced delays in securing clearances for investments aimed at raising output.&ldquo;Emphasis will be on quick decision-making and innovation.

Moily for speedy approval to projects

Soon after taking charge as the minister for science and technology, S Jaipal Reddy denied reports that he was unhappy to leave the petroleum ministry. &ldquo;I was never happy when I was given petroleum (ministry); now, too, I am not unhappy (at losing the portfolio),&rdquo; said Reddy.

'Not unhappy to leave OilMin'

Foreign institutional investors (FII) seem to have more faith in Indian markets than their domestic counterparts. Apart from their having invested a little over Rs 95,000 crore in the current calendar year, their holdings in the top 75 stocks is near their all-time high level.

FII holdings just shy of record high

The day after the biggest reshuffle of the council of ministers in the United Progressive Alliance government&rsquo;s second term was also a day of confusion and sulking.

Some sulk much bad blood

The measures announced by the government lack implementation details and might not be enough to contain the fiscal deficit at 5.3 per cent, said investment bank Nomura.

'New fiscal consolidation road map lacks details' 

The Supreme Court on Monday admitted the appeal of IP Holding Asia Singapore Ltd against the ruling of the Securities Appellate Tribunal, directing it to raise the open offer price to shareholders of Andhra Pradesh Paper Mills.

SC admits IP Holding Asia Singapore`s appeal

The Supreme Court on Monday adjourned the hearing of a public-interest suit seeking a ban on open-field trials of genetically modified crops. Meanwhile, newly-appointed Science and Technology Minister S Jaipal Reddy said science was not clear yet on the issue of GM crops and it should not be treated as an ideological issue.

GM crops trial case adjourned

Anticipating increase in buying of gold and gold jewellery during the festive season of Diwali in November, the jewellers in Gujarat are importing more gold.

Gold import to Gujarat rises ahead of festive season

Former Indian cricket team skipper Sourav Ganguly has decided not to play the next season of the Indian Premier League, quitting all forms of cricket.

Sourav Ganguly opts out of IPL 

Avoiding any direct references to his support to Modi in the upcoming state assembly elections in Gujarat, yoga guru Baba Ramdev said that people should vote for any party that can defeat Congress.

Vote any party that can defeat Congress in Gujarat: Ramdev

Gujarat Heavy Chemicals Ltd (GHCL) on Monday registered a 33 per cent rise in net profit for the quarter ended September at Rs 16.41 crore, compared with Rs 12.33 crore in the corresponding period last year.

GHCL net rises 33% in September quarter

The RPG Group&rsquo;s information technology arm ,Zensar Technologies, on Monday announced a surge in its manufacturing and BFSI verticals, winning new deals worth $21 million (Rs 113 crore) in October.

BS Reporter