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SFIO probes 22 firms for monetary frauds (20 November 08:28) |
| AGE CORRESPONDENT
New Delhi
Nov. 19: The Serious Fraud Investigation Office (SFIO) is investigating 22 companies, including the Vedanta Group’s Sesa Goa, for the alleged misappropriation... |
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EGoM fails to solve 3G row (20 November 08:28) |
| AGE CORRESPONDENT
New Delhi
Nov. 19: The empowered group of ministers (EGoM) on the 3G spectrum headed by the finance minister, Mr Pranab Mukherjee, on Thursday appears to have failed to r... |
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Gold craze slips on record price (20 November 08:27) |
| AGE CORRESPONDENT
Mumbai
Nov. 19: The global demand for gold during the third quarter of 2009 was down by 34 per cent at 800.3 tonnes compared with 1,205.6 tonnes during the same period la... |
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Banks back mergers (20 November 08:27) |
| New Delhi, Nov. 19: The Union finance ministry has gone into a huddle with the leading PSU bankers to explore the possibility of creating a few large banks through mergers and acquisitions.
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Billionaires grow faster than economy (20 November 08:23) |
| AGE CORRESPONDENT
Mumbai
Nov. 19: Mr Mukesh Ambani, the chairman of the Reliance Group, is once again the wealthiest person in India. His net worth put at $32 billion, which is an increase... |
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No limit on foreign borrowing (20 November 08:23) |
| New Delhi, Nov. 19: The government on Thursday ruled out limiting companies from borrowing money from overseas markets and said that the surge in foreign money is not a matter of concern at ... |
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Centre mulls gas price hike (20 November 08:22) |
| New Delhi, Nov. 19: The Union petroleum ministry has sought comments from concerned ministries on its proposal to hike the price of natural gas produced by ONGC and Oil India by 30 per cent.... |
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Promoters sell 27 TCS stake (20 November 08:22) |
| Mumbai, Nov. 19: Tata Consultancy Services, the country's largest software exporter, on Thursday said that various promoter group entities sold over 2.73 crore shares in the company, represe... |
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Mobile telephony is being commoditised (20 November 08:19) |
| Chiranjit Banerjee
Those who were among the early adapters to mobile telephony in the early nineties might remember that the tariff for both outgoing and incoming local calls was a usurious... |
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Sony Ericsson to shut Chennai RD centre (20 November 08:18) |
| AGE CORRESPONDENT
Chennai
Nov 19: Despite showing good figures and bringing new products into the market, Sony Ericsson has decided to down its shutters in few of its facilities, including... |
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Realty index launched (20 November 08:18) |
| AGE CORRESPONDENT
Mumbai
Nov. 19: The Real Estate Sensitive Index that was formally inaugurated by Ms Renu Sud Karnad, joint managing director, HDFC Ltd, will be an invaluable aid in gaugi... |
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ABG Bharati get Sebi nod (20 November 08:18) |
| Mumbai, Nov. 19: Private shipbuilder, ABG Shipyard, on Thursday, said that it has received the market regulator, Sebi’s approval for its open offer for Great Offshore.
"We welcome th... |
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FII inflows under check FM (19 November 08:30) |
| AGE CORRESPONDENT
New Delhi
Nov. 18: The Union finance minister, Mr Pranab Mukherjee, said on Wednesday that the government has the tools to monitor the influx of foreign capital inflows a... |
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Stimulus will stay UTI chief (19 November 08:28) |
| Mumbai, Nov. 18: Central banks are unlikely to go for co-ordinated withdrawal of stimulus measures as it may hamper the global economic recovery, a top financial services expert on Wednesday... |
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Next Tata boss an expatriate! (19 November 08:27) |
| Mumbai, Nov. 18: Industry leader, Mr Ratan Tata, has said that his successor could well be from outside India.
The 71-year-old chairman of the Tata Group, which makes nearly everything from... |
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Sebi wants cut in listing time (19 November 08:26) |
| Mumbai, Nov. 18: The market regulator Sebi on Wednesday said companies should list themselves within seven days of their IPOs — a move that would lower the risks and costs associated with ... |
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Silver may hit Rs 30000 a kg (19 November 08:25) |
| Mumbai, Nov. 18: India’s silver futures may power to a new psychological level of Rs 30,000 per kg later this month tracking a weak dollar and riding on industrial demand on the back of a ... |
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Brics rise heralds new era in global economy (19 November 08:25) |
| Lalit K. Jha
Washington
Nov. 18: The rise of the Bric countries represents a fundamental shift in the global economy and the developing world needs a legitimate seat at the table so that s... |
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Rs 2400 cr loss on gas Sharma (19 November 08:24) |
| AGE CORRESPONDENT
Mumbai
Nov. 18: The Oil and Natural Gas Corporation (ONGC) said on Wednesday that it would start gas production of one million cubic metre per day from the C series block... |
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Barclays open for buyouts (19 November 08:22) |
| Age Correspondent
Hyderabad
Nov. 18: Barclays Global Retail Banking on Wednesday said it is open to buyouts for expanding its presence in the Indian market.
"We are looking at inorga... |
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Capital gains tax is payable on gift (19 November 08:22) |
| By Kamal Rathi
I have received a flat from my mother as a gift in form of a settlement deed.
She had acquired the flat some years back for about Rs 2.5 lakh, but now it is valued at Rs 27.... |
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Investment returns rescue insurance cos (19 November 08:22) |
| Age Correspondent
Mumbai
Nov. 18: Investment returns have come to the rescue of India’s general insurance companies who are able to show profits because of these investments despite thei... |
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RIL bullish on expansion (18 November 09:22) |
| AGE CORRESPONDENT
With Agency Inputs
Mumbai
Nov. 17: Reliance Industries Limited (RIL) is planning an aggressive expansion in the domestic and international oil and exploration sector.
W... |
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Satyam rejects Raju cos claim (18 November 09:22) |
| AGE CORRESPONDENT
Hyderabad
Nov. 17: Mahindra Satyam on Tuesday said it has rec-eived legal notices for claims totalling Rs 1,230.40 crore from 37 firms floated by its founder, Mr B. Ramal... |
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CEO pay Let investors decide (18 November 09:18) |
| AGE CORRESPONDENTS
New Delhi/Mumbai
Nov. 17: The corporate affairs minister, Mr Salman Khurshid, on Tuesday assured industry that the government does not want to play the regulator by inte... |
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Bharathi to tap southern mart (18 November 09:18) |
| Age Correspondent
Hyderabad
Nov. 17: Hyderabad-based Bharathi Cement on Tuesday said that it has started commercial operations to tap the south Indian market.
India’s latest entrant int... |
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Sebi to ban misleading MF titles (18 November 09:18) |
| YOGESH MEHENDALE
Mumbai
Nov. 17: The Securities and Exchange Board of India (Sebi) is planning to ban the insignificant titles given by mutual funds for their schemes.
According to the so... |
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Assocham seeks tax on FIIs (18 November 09:17) |
| AGE CORRESPONDENT
New Delhi
Nov. 17: The industry body Assocham on Tuesday demanded two per cent tax on the foreign institutional investors (FIIs) investment to prevent the creation of any... |
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Hyundai plans small car (18 November 09:10) |
| AGE CORRESPONDENT
Chennai
Nov 17: The South Korean car-maker, Hyundai, is developing a small car exclusively for the Indian market with an investment of Rs 800 crore, said Hyundai Motor In... |
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UBI told to trace mega unreported transactions (18 November 09:10) |
| New Delhi, Nov. 17: Taking a serious note of the Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out... |
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Air India will pay PLI soon (18 November 09:09) |
| Age Correspondent
Mumbai
Nov. 17: The National Aviation Company of India Ltd (NACIL), the holding company of the national carrier Air India, is making efforts to settle the productivity li... |
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IMF head eyes global currency change (18 November 09:09) |
| Beijing, Nov. 17: The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single ... |
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Cheap med devices Wipro helps OEMs (18 November 09:07) |
| Goutam Das
Bengaluru
Nov. 17: India’s third largest IT services exporter Wipro is helping global medical equipment manufacturers build low-cost devices for emerging markets. The firm’s... |
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Growth to slow in 10 (18 November 09:06) |
| Age Correspondent
Bengaluru
Nov. 17: Even as the installed R&D talent pool in India continues to grow, it will do so at a slower pace in 2010 due to the global economic meltdown, says ... |
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Margins may not grow Infy (18 November 09:06) |
| Mumbai, Nov 17: The IT bellwether Infosys Technologies on Tuesday said it expects the IT budget of its clients to remain unchanged or marginally lower during 2010.
"Past patterns sugge... |
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State-owned firms IPOs fared better (18 November 09:06) |
| By Olga Tellis
One has always felt that the public sector's initial public offers (IPOs) with their extremely conservative pricing give much better returns to investors and so one was surpr... |
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Sensex regains 17000-mark (17 November 08:08) |
| Mumbai, Nov. 16: The Bombay Stock Exchange benchmark Sensex on Monday jumped 184 points to close above the 17,000- points level after the government said that it would continue with steps to... |
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Yellow metal scales new high (17 November 08:08) |
| Mumbai, Nov. 16: Gold prices soared to an all-time high to close at Rs 16,930 per ten grams on the bullion market here on Monday sparked by aggressive buying from stockists and jewellers in ... |
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Centre puts SBI merger on hold (17 November 08:08) |
| Olga Tellis
Mumbai
Nov. 16: The State Bank of India chairman, Mr O.P. Bhatt, has been asked by the ministry of finance, de-partment of financial services, to withhold the merger process of... |
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Indians for quality not just tariff (17 November 08:06) |
| New Delhi, Nov. 16: Network quality remains the top priority for consumers when choosing an operator, even as most telecom operators are busy lowering call rates to outdo rivals, according t... |
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SC clears frozen account (17 November 08:06) |
| New Delhi, Nov. 16: The Supreme Court on Monday asked the market regulator, Sebi, to transfer the sale proceeds of the shares held by the Dubai-based investment firm Jermyn Capital LLC amoun... |
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Michelin to set up tyre plant (17 November 08:06) |
| AGE CORRESPONDENT
Chennai
Nov. 16: Despite the global slowdown, companies across the globe seem to be bullish about investing in Tamil Nadu. On Monday, Chennai added another feather on its... |
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Foreign telecom firms abstain from 3G meet (17 November 08:05) |
| New Delhi, Nov. 16: Foreign telecom companies on Monday stayed away from a meeting to discuss the blueprint for 3G (third generation) mobile spectrum auction, while domestic players were rid... |
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Nuclear plants to power job mart (17 November 08:04) |
| YOGESH MEHENDALE
Mumbai
Nov. 16: The Indian government’s thrust to ramp up nuclear power production by five times to 20,000 megawatts by 2020 would generate direct employment for about 2... |
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Centre to allot bulk of KG gas to power plants (17 November 08:04) |
| Age Correspondent
New Delhi
Nov. 16. The empowered group of ministers (eGoM) headed by the finance minister, Mr Pranab Mukherjee, has decided that 61 per cent of the additional output from... |
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Japan GDP crawls back to growth (17 November 08:03) |
| Tokyo, Nov. 16: Japan’s economy grew at its strongest pace in more than two years in the latest quarter, smashing market forecasts and extending a recovery from the worst downturn in decad... |
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Murdoch launches war against free news (17 November 08:03) |
| Washington, Nov. 16: Is Mr Rupert Murdoch bluffing? Making a bold high-stakes gamble that will save the troubled newspaper industry?
Or pursuing a pipe dream that can only end in failure?
... |
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Red dragon comes calling (17 November 08:00) |
| Sangeetha Chengappa
Bengaluru
Nov. 16: The last couple of months have seen visiting Chinese delegations from Dalian and Chengdu wooing Indian technology companies to establish operations i... |
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ITC hand in TipTop search (17 November 08:00) |
| Age Correspondent
Bengaluru
Nov. 16: Mid-tier IT services firm ITC Infotech on Monday said it has helped build TipTop Technologies’ new consumer search engine.
The US-based firm’s Tip... |
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We want to be global TCS CEO (17 November 08:00) |
| London, Nov. 16: Tata Consultancy Services is aiming to move beyond its traditional Western market to serve new transnational companies in the emerging markets to become a truly global compa... |
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