The administration on Wednesday liberalized the foreign direct investment (FDI) cap in seven major economic segments comprising public sector oil refineries, whereas allowing foreign investment in segments including commodity exchanges and credit information companies (CICs).

In the case of petroleum refining by PSUs, the Union Cabinet has sanctioned raising the equity cap to 49% (from the existing 26%) with former FIPB authorization. But, it does not ideate weakening in the subsisting PSUs.

In case of trading and marketing of petroleum products, the Cabinet has relinquished an essential condition of divestment of up to 26% with Indian partner/public within five years.

Chennai

New Delhi, Jan 29: Union Health Minister Anbumani Ramadoss on Tuesday said that p

New York, Jan 29: Steel baron L N Mittal and Ambani brothers, Mukesh and Anil, are among the top 10 wealthiest Chief Executive Officers (CEO) in the world, the Forbes magazine has revealed.

Apart from Mittal and Ambanis, Wipro chief Azim Premji has also made it to top 10 wealthiest CEOs.

Chief Executive of Berkshire Hathaway Warren Buffet has topped the list with a fortune of 52 billion dollars.

Mittal has a net worth of 32 billion dollars, while Mukesh Ambani has a fortune worth 20.1 billion dollars and Anil Ambani has 18.2 billion dollars.

Krishnagiri (Tamil Nadu), Jan 29 : The business in roses is witnessin