Global cos may hesitate to invest due to tax issues New Delhi: At a time when the government is looking to attract more foreign investment,global consultancy firm Ernst & Young has said global companies might hesitate to make investments in India,especially since tax controversies take a longer time to get resolved. Tata Power to raise funds via sale of non-core assets New Delhi: Tata Power plans to raise funds by offloading a minority stake in core investments as well as sale of non-core investments to finance future projects. RBIs securitisation norms will hurt us: MFI industry Hyderabad: The microfinance sector will be severely hit by if the new draft guidelines issued by the Reserve Bank of India on securitisation of loan portfolios are implemented,according to the microfinance industry. RBI mulls more interactive Internet presence Mumbai: The Reserve Bank is planning to make its Web interface more interactive with a presence on social networking sites like Twitter,blogs and other online discussion forums. FinMin finds surge in cases of cyber frauds New Delhi: An increasing number of people are falling prey to fraudulent schemes masquerading as lotteries and job offers,mostly on the cyber world. As many as 11,195 Suspicious Transaction Reports have been detected by the Financial Intelligence Unit in the Finance Ministry,between 2006-10.
