BHEL, LT gain on increase in govt expenditure

Feb 28, 2013, 11.22 AM IST Engineeing majors Larsen & Toubro and BHEL gained 1.6 percent to Rs 1433.90 and 1.16 percent to Rs 208.85 on Thursday on Bombay Stock Exchange, respectively. Like this story,...

21.03 | 0 komentar | Read More

Live Budget 2013-14: Educomp up 4% on 17% hike in allocation for education

Feb 28, 2013, 11.28 AM IST Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget. Like this story, share it with...

21.03 | 0 komentar | Read More

Budget 2013: 0.01% transaction tax on non-agri futures trade

In a major setback to commodity exchanges, finance minister Chidambarm today proposed a transaction tax of 0.01 percent on non-agri futures traded on the bourses.The commodity transaction tax (CTT), which is in similar lines of Securities  Transaction...

21.03 | 0 komentar | Read More

Suzlon tanks 44% as promoters sell some stake for CDR

Suzlon Energy , one of the world's largest wind turbine suppliers, fell as much as 44 percent intraday to touch a new 52-week low of Rs 13.55 on Thursday after promoters raised funds for corporate debt restructuring (CDR) via stake sale.Promoters...

21.03 | 0 komentar | Read More

Budget Reactions: FY14 Budget a mixed bag for automobile sector: SIAM

Budget 2013-14 has turned out to be a mixed bag for the automobile industry, according to RS Sandilya, President Society of Indian Automobile Manufacturers. While increase in tax of imported Completely Built Units (CBU) is likely to promote domestic...

21.03 | 0 komentar | Read More

R Swaminathan, CFO Lupin on expectations from Budget

Wed, Feb 27, 2013 at 18:00 Ramesh Swaminathan, President, Finance and Planning, Lupin Ltd shares his opnion on the upcoming Budget and also what expects from the union finance minister from a industry perspective. ...

21.03 | 0 komentar | Read More

BSNL cash reserves plunge 96% in 2 yrs to Rs 1,214cr

State-owned telecom major BSNL's cash reserves declined by a whopping 96 percent to Rs 1,214.44 crore in 2011-12 from Rs 29,355.5 crore 2009-10.The company had a cash reserve of Rs 29,355.5 crore in 2009-10 fiscal, which declined to Rs 1,733.35 crore...

21.03 | 0 komentar | Read More

HDFC Bank to raise $500m from overseas markets

Country's second largest private lender HDFC Bank today hit the foreign debt markets with a USD 500-million bond issue, according to merchant banking sources."HDFC Bank is raising USD 500 million through a five- year US dollar denominated bonds (senior...

21.03 | 0 komentar | Read More

Probe report on graft charges against Walmart by Apr: Govt

A government appointed one-man committee that is investigating alleged corruption charges against the retail giant Walmart in India will submit its report by April, Parliament was informed today."The government has decided to appoint one-man committee...

21.03 | 0 komentar | Read More

India offers opportunities for all: TataChem

Hello and welcome to the Forbes India Show. Over the last few years, one of India's oldest and most respected business groups, the Tatas, has been appointing a number of young CEOs to head some of its most prominent companies. We have one of them on...

21.03 | 0 komentar | Read More

NTPC Board okays Rs 12,953cr investment for expansion plans

State-run NTPC today said the company's Board has given investment approvals to expansion projects involving Rs 12,953.12 crore."Board of Directors of the company have accorded investment approval for the Chatti-Bariatu coal mining project having production...

21.03 | 0 komentar | Read More

Railway Budget 2013: Focus should have been on freight corridors, says Kalindee

Railway Minister Pawan Kumar Bansal did not hike passenger fares today, but said that fuel-adjusted component for freight tariff would be implemented, which would raise freight by average 5 percent.Reacting to the Railway Budget 2013, AP Verma, Director-...

21.03 | 0 komentar | Read More

Rail Budget 2013-14: Gateway Rail upset with only freight rate increase

Railway Minister PK Bansal today announced a somewhat populist  Railway Budget . He did not hike passenger fares, as that was done in January this year. However, he announced that a fuel-adjustment component will be introduced on freight...

21.03 | 0 komentar | Read More

Rail Budget 2013 Live: Electrification of 1200 km positive says KEC Intl

Railway Minister PK Bansal today announced the Rail Budget for 2013. The main highlight was the passenger fares which were kept unchanged despite railways suffering huge losses.In the Budget there was mention about electrification of about 1200 kilometers...

21.03 | 0 komentar | Read More

Plants commissioned before Mar 2009 not under price pooling

Power plants commissioned up to March 31, 2009, will get coal at Coal India 's notified prices, which would address concerns of states over 'price pooling' of the dry fuel, the government said today."In the CCEA (Cabinet Committee on Economic Affairs)...

21.03 | 0 komentar | Read More

HCL Infosystems outsources manufacturing facility to Astra

HCL Infosystems today said it has outsourced its manufacturing facility located at Ambattur,Tamil Nadu to Goa-based Astra Global.Through this partnership, Astra will supply products manufactured in the Ambattur facility to HCL for its internal requirements...

21.03 | 0 komentar | Read More

Sistema India only applicant for March airwaves auction

Russian conglomerate Sistema's Indian mobile phone unit is the only company that has applied to bid in an airwaves auction due next month, a senior government official said on Monday.Earlier, Sistema Shyam TeleServices Ltd had said it had applied to...

21.03 | 0 komentar | Read More

SC refuses to grant more time to Sahara to refund Rs 24K cr

The last hope of Sahara group to get more time to refund Rs 24,000 crore to its investors was today dashed in the Supreme Court which dismissed its plea and pulled it up for not complying court's earlier order to return the money by first week of February.A...

21.03 | 0 komentar | Read More

Asia to get almost 10,000 planes over 20 years: Airbus

Asia-Pacific carriers will take delivery of 9,870 new passenger and cargo aircraft valued at USD 1.6 trillion over the next 20 years, European plane manufacturer Airbus said.The region will account for 35 percent of aircraft deliveries worldwide and...

21.03 | 0 komentar | Read More

Expect order on Tata Power, Adani Power cases soon: CERC

Pramod Deo, chairperson, CERC, says that the orders on petitions moved by Tatas and Adanis seeking higher tariff for electricity generated from their imported coal-fired projects in Gujarat will be announced soon.He also pointed out that, currently...

21.03 | 0 komentar | Read More

SAIL to invest Rs 72,000 crore: CS Verma

State-run steel maker SAIL would invest Rs 72,000 crore to increase its overall capacity from 13.82 million tonnes to 23.46 million tonnes and enhance its iron ore production, company Chairman C S Verma said here today."A sum of Rs 72,000 crore is being...

21.03 | 0 komentar | Read More

Budget 2013-14: Hope govt ups FDI cap for insurance to 49%: Royal Sundaram

Ajay BimbhetRoyal Sundaram Alliance Insurance Company LtdRoyal Sundaram's wish list from the impending 2013 budget FOR CUSTOMERS- Measures to increase insurance penetration: It is a fact that the Non-Life Insurance penetration (Premium as a percentage...

21.03 | 0 komentar | Read More

Mayur Shah, MD, Marathon Group expectations on the Budget

Sat, Feb 23, 2013 at 16:48 Mr. Mayur Shah, Managing Director, Marathon Group Like this story, share it with millions of investors on M3 Mayur Shah, MD, Marathon Group expectations on the Budget Mr....

21.03 | 0 komentar | Read More

No rush to grow; hope Budget cheers on rates, mood: Toyota

Hiroshi Nakagawa, MD and CEO, Toyota India says the Asian auto giant will grow in India step-by-step and hopes the Budget will reduce interest rates, taxes and cheer consumer sentiment.Toyota India has seen a number of firsts. The most...

21.03 | 0 komentar | Read More

ZipDial connects clients with customers through missed call

Marketers are in the business of wooing customer loyalty, but very often what may seem like a winning marketing idea fails, because of the sheer complexity of the reward loyalty program.Set up in 2010, ZipDial essentially addresses this problem. ZipDial...

21.03 | 0 komentar | Read More

FinMin to consider amicable solution to Vodafone case

The government today said it is considering the request of British telecom major Vodafone for amicable settlement of the over Rs 11,217 crore tax dispute.The Income Tax Department had issued a letter in January to Vodafone International Holdings BV (VIHBV)...

21.03 | 0 komentar | Read More

Budget may cut withholding tax on debt instruments: Sources

In the upcoming Budget the Finance Minister P Chidambaram may rationalize the withholding tax on debt instruments, sources told CNBC TV18.Also read: What to expect from the Union Budget 2013-14 In the 2012-Budget, the withholding tax was cut from 20...

21.03 | 0 komentar | Read More

RBI issues guidelines for new banking license

Moneycontrol BureauThe much-awaited norms for new banking license are finally out. The Reserve Bank of India (RBI) on Friday issued the final guidelines for licensing of new private sector banks wherein entities both from private and public sector shall...

21.03 | 0 komentar | Read More

Cabinet to take a call on UG coal gasification policy soon

With the country facing acute fuel shortage, the Cabinet Committee on Economic Affairs (CCEA) may soon take a call on forming a new policy on underground coal gasification."CCEA may soon take a call on formation of a policy for converting the coal at...

21.03 | 0 komentar | Read More

Govt expects Rs 43,000 cr from spectrum sale at base price

The government will get Rs 43,011 crore if all the spectrum is sold at at the base price in the auction, Minister of State for Communications and IT Milind Deora said today.The government has announced starting auction in March for 2G spectrum that remained...

21.03 | 0 komentar | Read More

Expect passage of Food Bill; all states on board: Thomas

Union food minister KV Thomas is optimistic about the Food Subsidy Bill being passed in the upcoming Budget Session. Speaking exclusively to CNBC-TV18, the food minister asserted that most state-governments were in agreement regarding the proposals...

21.03 | 0 komentar | Read More

Cabinet to take call on Vodafone tax dispute: Chidambaram

Finance Minister P Chidambaram today said the Union Cabinet will take a final call on settlement of the Rs 11,200-crore Vodafone tax case after seeking opinion of the Attorney General."As far as Vodafone is concerned, they had written to us proposing...

21.03 | 0 komentar | Read More

AirAsia's India foray good news; see more competition: KPMG

Asia's leading low-fare airline AirAsia Bhd is looking to enter the Indian aviation market along with the Tata group and Telestra Tradeplace, the firm said on Wenesday. This comes in the backdrop of the Indian government easing rules...

21.03 | 0 komentar | Read More

Shubhra Mehandirata firmly takes her firm ahead

By Julie SamThe show may have ended, followed by a thunderous applause. However, the work isn't over yet for Shubhra Bhardwaj Mehandirata and her ilk who operate several functions behind the scenes like a puppeteer, inconspicuously. Founder of Ferriswheel...

21.03 | 0 komentar | Read More