The Economic Times reported that the two promoter brothers Malvinder Singh and Shivinder Singh were looking to exit Religare Enterprises.
The IT major’s encouraging earnings come after a series of disappointing performances by its Indian IT peers.
With Cabinet approval in place for setting up 100 smart cities, finance minister Arun Jaitley on Monday called for “deeper engagement” with the Asian Development Bank.
In the Union Budget 2015-16, the finance ministry had allocated Rs 20,000 crore to NITI Aayog under a new Budget line for Special Assistance to States.
The Standing Committee’s recommendation comes after the finance minister announced in the Budget that DTC would not be pursued as most provisions of the code have been incorporated in the existing Act.
With investors taking fresh positions after persistent selling last month, the BSE benchmark Sensex on Monday soared by 479 points on across-the-board buying support. The government’s clarification on minimum alternate tax (MAT), rise in auto stocks on promising monthly sales data, two mega retail mergers, buying at the beginning of May series and the passing of Finance […]
According to a 2014 Crisil report, the e-retail market size that stood at Rs 1,500 crore in 2008-09 hit Rs 13,900 crore in 2012-13.
Merger to create one of India’s biggest retail chain with a Rs15,000-cr turnover.
The PM is keen to get the latest technology and expertise from EU to ensure that his ‘Make in India’ and ‘Digital India’ initiatives are successful.
The merged firm, which would have 1,869 stores, plans to add 250-300 Madura outlets and 35-40 Pantaloons outlets every year.
Move likely to translate into generation cost of about `7 per unit.
Narendra Modi reviewed the status of stalled projects in the infrastructure sector.
Banks and firms are scrambling to provide 40 cr people with access to schemes by May 9.
The Market Research Analysis Unit (MRAU) set up by the SFIO will be the “new mechanism".
Inland waterways comprising rivers, lakes, canals, creeks, backwaters etc. extend to about 14,500 km in the country. However, potential of this mode of transport has not been fully exploited so far.
Recently RBI and the ministry have run into differences over who will manage the public debt office and that of managing government securities.
Firms employing up to 300 workers would be permitted to lay them off without prior govt approval, as against the current threshold of 100 workers.
The FDA had raided two Snapdeal godowns in Goregaon and Bhiwandi and found more than 45 drugs that violate provisions.
Government's ‘The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015,’ provides for heavy penalty and stiff punishment of up to 10 years for stashing unaccounted funds abroad.
Nitin Gadkari said the central government will encourage the local contractors in the region to take up civil works for road projects.
As announed in the Budget, the premium per person will be Rs 12 per annum for PMSBY cover.
The sub-group will recommend steps for technological support, including solid waste management.
Lowering this export duty would not translate into increased margins for the mining community,” FIMI secretary general R K Sharma told The Indian Express.
Eight core-sector industries have a combined weight of 38 per cent in the IIP. In March last year, the core sector growth was 4%. The previous low was a negative growth of 0.6 per cent in October 2013.
Meanwhile, the telecom companies contended that the government must give clarity on auctions procedure and they should also be asked to set a time-line for future auctions. The court will hear the case next on May 7.
The FIR states that the impact of the hike gas prices, according to calculations, "would cost the country a minimum of Rs 54,000 crore every year".
The FPIs who have moved court, include Luxembourg-based BNP Paribas L1 and London-based National Westminster Bank Plc, according to information available with the court’s registry department.
Defers plan to set up an independent debt management authority this year.
MAT not to be applicable on firms’ earnings from capital gains on securities.
"I am having the entire matter reviewed and very soon you will hear an extremely simplified procedure coming for us," Jaitley said.
Official sources told The Indian Express that the amendment to this effect are likely to be introduced in the Finance Bill, 2015 when it comes up for discussion.
The exemption is expected to help more funds come in for skill development as the government looks to train nearly 11 crore workers by 2020.
The estimated cost for the 5,021 km of highway development under the Bharat Mala project would be around Rs 14,000 crore.
Companies get option to develop finds at own risk or perform DGH-prescribed conformity tests.
List of exempted persons to only include spouse and unmarried daughter.
The RBI imposed penalty for violations of know your customer guidelines and non-adherence of RBI norms on fund transfer.