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E-commerce & idli profitability (19 May 10:18 pm)

The industry is a grabber’s paradise, where one is almost punished for not being greedy

Things can only improve from here (19 May 10:17 pm)

“We are no more old generation private sector bank,” says K. Venkataraman, Managing Director of Karur Vysya Bank. Indeed, the 97-year-old bank has evolved with time. And, it is keen on m...

A mixed picture (19 May 10:01 pm)

Economic data released over the past two weeks send out confusing signals. The IIP data (index of industrial production) for March 2013, released on May 10, was on the face of it, positive. It sho...

Just Dial’s Rs. 950 cr IPO opens tomorrow (19 May 04:21 pm)

The estimated Rs. 950 crore IPO of local search engine Just Dial will begin from Monday and is one of the largest initial public offers by an Indian Internet company.The IPO, which does not...

Fin Min implements amnesty scheme for service tax defaulters (19 May 02:44 pm)

Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges.

Cobrapost: NABARD chief gives clean chit to co-operative banks (19 May 01:46 pm)

Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any suc...

Mauritius has gone ‘extra mile’ for India tax treaty: Minister (19 May 01:08 pm)

Hopeful of reaching an agreement soon on the long-pending revision of tax treaty with India, Mauritius says it has gone ‘extra mile’ to ensure that the pact does not get misused for illicit

Improve economic model to forecast GDP: Abhijit Sen (19 May 12:18 pm)

Concerned over the widening difference between growth projections and actual realisations, the Planning Commission has made a case for improving the economic model to project GDP. “I thin...

Coal shortage to be significant by end of XII Plan (19 May 12:16 am)

The dependence on imported coal for meeting energy requirements is likely to continue in the coming years, going by the Planning Commission’s estimates. The Plan panel is of the view that t...

New drug price regime to alter structure (19 May 12:09 am)

The average impact on industry profitability may be around 20 per cent

Anand Sharma seeks more market access from Japan (19 May 12:08 am)

Commerce and Industry Minister Anand Sharma has sought from Japan more market access for Indian exporters in sectors such as agriculture, marine and pharmaceutical products. He has also express...

Corruption is a growth business (19 May 12:07 am)

Bribery scandals have dominated headlines in several countries in recent months, among them India and Nigeria. International enforcement of anti-bribery laws has been increasing in the United Stat...

Tata Motors raises Rs.1,525 crore (19 May 12:04 am)

Tata Motors, on Saturday, said it had raised Singapore $350 million (about Rs.1,525 crore) through the issue of securities in Singapore, mainly for redemption of preference shares. “Tata...

‘RBI should be sole regulator for home loans’ (19 May 12:01 am)

State Bank of India, on Saturday, suggested that the Reserve Bank of India (RBI) should be the regulator for all home loans provided by banks or housing finance companies (HFCs). “I see no...

U.S. clears shale gas export to India (18 May 11:57 pm)

DoE has conditionally authorised Freeport Terminal to export LNG to non-FTA countries

Hero Cycles to invest Rs. 200 cr in two new plants (17 May 06:44 pm)

Hero Cycles on Friday said that it will invest about Rs. 200 crore for setting up two new plants in the country by 2014. \"We are setting up a new plant in Bihar, which will be operat...

Time for reflection, quiet appreciation on Mah Sat: Mahindra (17 May 06:18 pm)

Expressing happiness over the performance of Mahindra Satyam, Mahindra Group chief Anand Mahindra on Friday said it is time for “reflection and quiet appreciation” rather than noisy celebration.

ITC Q4 profit up 19.4 % (17 May 06:00 pm)

ITC ltd, a leading conglomerate, posted a 19.42 per cent rise in net profit at Rs. 1,927.98 crore for its fourth quarter ended March 31, driven by robust performance in cigarettes, FMCG and agricu...

Sensex advances for 4th day; up 39 points on higher inflows (17 May 04:51 pm)

Extending gains for the fourth day in a row, the BSE benchmark Sensex on Friday rose by 39 points, mainly on buying in power, capital goods and realty sector stocks amid increased foreign inflows.

S&P warns India of junk rating (17 May 04:38 pm)

Retains India’s sovereign rating at ‘BBB -’ with a negative outlook, says there is a 1 in 3 likelihood of downgrade in 12 months

Rupee down 21 paise against dollar in early trade (17 May 10:10 am)

The rupee on Friday lost 21 paise to 54.98 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas. Increased dema...

Sensex up 54 points in early trade (17 May 10:07 am)

The BSE benchmark Sensex on Friday extended gains for the fourth straight day by adding over 54 points in early trade on continued foreign funds inflow, amid a firming trend in the Asian region.

ICICI Bank repatriates Canadian $75 m from subsidiary (17 May 01:59 am)

ICICI Bank, on Thursday, said that it had received an aggregate equity capital repatriation of Canadian dollar 75 million from ICICI Bank Canada, its wholly-owned banking subsidiary. “ICICI

Import tariff value of gold cut (16 May 11:18 pm)

In keeping with the subdued price trend in global markets, the government on Thursday reduced the import tariff value of gold to $466 from $472 per 10 gram pegged a month ago.Likewise, in th...

SAIL plans second plant at Burnpur (16 May 11:17 pm)

Steel Authority of India Ltd. (SAIL) is planning to set up a new 3 million tonnes per annum (mtpa) plant at Burnpur, West Bengal, in addition to the 2.5 mtpa unit now under erection there. Known f...