The government has directed public sector banks to implement a sugar package that involves provision of interest free loans to sugar mills, and submit a report in the next 10 days. "In the next 10 days the package will be implemented for all sugar mills, which apply under the scheme," Finance Minister P Chidambaram told reporters in New Delhi on Tuesday after meeting the heads of public sector ..
The Bombay Stock Exchange benchmark Sensex plunges to this year's lowest closing to 16,630.91 by over 830 points on Monday. The market was affected more with most of the heavyweights tumbling on frantic selling by funds on weak trends in the global stock markets. Brokers said besides a weak global trend, sluggish debut of Reliance Power on the bourses added to the weak sentiment. Investor..
Internet major Yahoo Inc is likely to turn down the Microsoft Corp's USD 44.6 billion takeover offer, the media in Silicon Valley has reported quoting an unnamed source. The world's biggest software maker Microsoft had made the unsolicited offer to pay 44.6 billion dollar in cash and stock to buy Yahoo on 1st February. It is pursuing Yahoo to take on the world's most popular search engine G..
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