Business News
Feb 28, 2014
Export duty toll: Five iron ore pellet makers shut ops Subscriber Only
Essar Steel, Brahmani River Pellets among firms to close facilities
Feb 28, 2014
Cabinet likely to consider proposal for Sebi ordinance today Subscriber Only
Powers were given to check illicit investment schemes and other market manipulations.
Feb 28, 2014
Moily defends backing Vasudeva as ONGC chairman Subscriber Only
'While technically 10 complaints are open, many of them were received recently'
Feb 27, 2014
Gold imports rise again, touch 38 tonnes in Jan Subscriber Only
Gold imports rose in December to 25 tonnes, higher than 19 tonnes in the previous month, mainly on account of wrong interpretation of the RBI’s 80:20 scheme, sources said.
Feb 27, 2014
Centre’s staff strength jumps nearly 7% in current fiscal Subscriber Only
The Centre’s pension bill, which includes both civilian and defence pensions, has been rising faster than its salary expenditure.
Feb 27, 2014
Sebi’s new norms to shake up multiple director seats Subscriber Only
Last week, the market regulator has cut to seven the maximum directorships a person can hold.
Feb 27, 2014
Air India joins fare war with up to 30% discount Subscriber Only
The scheme covers 115 flights and offers approximately 30 per cent discount on the apex 30, 60 and 90 levels, Air India said in a release here.
Feb 27, 2014
AviationMin allows 11,000 more seats between India, Dubai Subscriber Only
Total weekly seat entitlements will go up from the current 54,200 to 65,200 seats a week by the summer of 2015.
Feb 27, 2014
Don’t think investments are held back by high rates: Rajan Subscriber Only
Rajan said that along with a strong increase in food production, the government must contain the rise in wages so that relative wages in agriculture could rise without too much problems.
Feb 27, 2014
RBI makes it tough for firms to get away with loan default Subscriber Only
In less than a month after putting up a plan for better fire-fighting against bad loans, RBI Governor Raghuram Rajan has finalised the rules for Indian banks.
Feb 27, 2014
Compat stays Rs 1,773 crore penalty on Coal India Subscriber Only
The Competition Commission of India (CCI) had imposed the fine on CIL, the first major penalty by the regulator on a state-owned entity, for allegedly abusing its dominant position in fuel supplies.
Feb 27, 2014
Govt puts three coal mines up for auction Subscriber Only
The government had to discard the first-come-first serve basis for auctioning 2G airwaves and had to auction afresh after the Supreme Court ordered in 2012 the cancellation of 122 licences issued in 2008.
Feb 27, 2014
Moily, who in November first requested the Prime Minister for an extra year for Vasudeva, concurred with Rae.
Feb 27, 2014
I-T dept extends date to claim refund Subscriber Only
ITR-V form has to be filled by assessees filing income tax returns electronically without a digital signature.
Feb 27, 2014
‘Suzuki to transfer Gujarat unit to Maruti if pact expires’ Subscriber Only
he investors have raised concerns over Suzuki Motor Corporation’s plan to build the Gujarat facility, which was earlier planned to be built by MSIL.
Feb 27, 2014
New UK norms may impact Indian bank operations Subscriber Only
This would directly impact operations of banks like SBI, Bank of India and Bank of Baroda, which operate larger deposit taking retail services across Britain.
Feb 27, 2014
Sluggish state auction exposes bond reform hurdles Subscriber Only
Reserve Bank of India this month proposed to scrap a 14-year-old system under which state debt is valued at a fixed spread of a quarter-percentage point over government bonds.
SurabhiFeb 26, 2014
R Gandhi likely to succeed Sinha as RBI deputy guv Subscriber Only
Gandhi was the top choice for the finance ministry as he was the senior most among the three shortlisted candidates. His name was recommended by North Block to the PMO.
Feb 26, 2014
Sebi moots monitoring panel to keep eye on IPO funds Subscriber Only
The market regulator has proposed making it mandatory for all firms coming up with public issues to appoint a monitoring agency.
Feb 26, 2014
Cabinet nod for tax on Vodafone in a week Subscriber Only
“The Cabinet has to take a call on whatever step is to be taken next,” finance secretary Sumit Bose, said, when asked about the mode of recovering the disputed tax demand.
Mihir MishraFeb 26, 2014
Airports regulator abolishes UDF for Hyderabad airport Subscriber Only
As of now, domestic passengers pay Rs 430 as UDF with their ticket, while international passengers flying from the city pay Rs 1,700.
Feb 26, 2014
Ranbaxy halts shipments from Toansa, Dewas Subscriber Only
Ranbaxy scrip fell as much as 2.7 per cent in early trade on the news but closed 1 per cent higher at Rs 367.05 on the BSE.
Feb 26, 2014
Microsoft warns XP users to ‘move on’ Subscriber Only
“We have seen a spike in migration in the last 18 months during which about 25 per cent of users made the switchover,” added Amrish Goyal.
Priyadarshi SiddhantaFeb 26, 2014
IMG lets Hindalco, Essar Power retain Mahan coal block Subscriber Only
The group, which met under the chairmanship of additional secretary, coal ministry, AK Dubey deliberated on the fate of 10 blocks.
Feb 26, 2014
RIL refutes AAP charges on overseas accounts Subscriber Only
These accounts are fully compliant .... Oil minister M Veerappa Moily on Tuesday refused to comment on the FIR against him and Ambani.
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