ME sector sees no major boost in Budget proposals

Vaishali Karulkarmoneycontrol.com Not much was announced for the media and entertainment sector in the Union Budget 2015-16 - only service tax would be levied for entertainment events like concerts, non-recognised sporting event, pagents, music concerts...

21.03 | 0 komentar | Read More

Union Budget 2015: Hail bankruptcy code; it will aid banks, says Tata Steel

In an interview to CNBC-TV18, Kaushik Chatterjee of Tata Steel shares his views on the Union Budget 2015-16 announced today. In an interview to CNBC-TV18, Kaushik Chatterjee of  Tata Steel shares his views on the Union Budget 2015-16 announced...

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Budget 2015-16: Short-term impact of service tax concern, says TCS MD

However, the short term impact arising out of increase in surcharge and service tax are matter of concern. The move to encourage use of financial products and services among a larger proportion of the population as well as the efforts towards monetization...

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Union Budget 2015: Expected more on manufacturing, housing, says Adi Godrej

Adi Godrej rates Finance Minister Arun Jaitley's Union Budget an 8 on 10. He says Jaitley's Budget will help revive the country's GDP as it lays a lot of emphasis on social infrastructure and Indian agriculture. In an interview to CNBC-TV18, Godrej...

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Is Budget 2015 a gamechanger? Experts debate

In an interview to CNBC-TV18's Shereen Bhan, Sunil Munjal, Joint MD of Hero MotoCorp, Sumant Sinha, Chairman of ReNew Power, Anshuman Magazine, CMD at CBRE (South Asia) and Atul Punj, Chairman of Punj Lloyd gave their take on Arun Jaitely's Union Budget...

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No incentive for anyone to enter REITs: CBRE South Asia

For REITs to take off in India, the government needs to provide clarity on the tax structure, says Anshuman Magazine, chairman and  managing director of CBRE South Asia. The tax outgo is much less if a company is listed in India and Singapore, sans...

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IT cos see Chennai as an attractive investment destination

High profile shut downs including Nokia, Motorola and Foxconn, it's surely not been great going for big businesses in Chennai. However if real estate transactions are anything to go by, light seems to be emerging at the end of the tunnel High profile...

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Motorcycle maker Yamaha to launch small cars in Europe

The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show. Japanese motorcycle giant Yamaha will join the four-wheel market by launching...

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Union Budget 2015: Housing for all to boost ind demand: Cera Sanitaryware

Atul Sanghvi, ED of Cera Sanitaryware spoke about the likely benefits from government's focus on sanitation and low housing and housing for all Affordable housing will be the one where we anticipate a big benefit for companies like us. Atul Sanghvi,...

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Tata Motors' offers VRS to workers

The firm's domestic business has been under pressure for a while now. In the third quarter, it posted a loss of over Rs 2,100 crore on a standalone basis. Tata Motors  has launched a voluntary retirement scheme for workers across its India plants....

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Rail Budget 2015: Pledge to re-invigorate Railways, says Suresh Prabhu

In a post-Budget interaction with the media, Prabhu said a sum of Rs 6,581 crore has been approved to remove around 3,500 level-crossings. He said the ministry has rationalised freight rates in terms of classification. The Railway Budget has focussed...

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Ashiana Homes raises Rs 66cr from Piramal Fund

Ashiana Homes raises Rs 6The company raised Rs 66 crore from Indiareit Fund Scheme V, being managed by Piramal Fund Management, he added. Ashiana Homes would develop 660 apartments under the project, which is expected to be launched in April-May. The...

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Tata-LT consortium shortlisted for mega defence project

In order to give a push to government's defence programme, the ministry has awarded battlefield management system (BMS) development contracts to two consortiums. According to sources, one comprises of  Tata Power SED and L&T Defence and the...

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Govt clears criteria to appoint 5 PSU bank chiefs

The Appointments Committee of Cabinet today approved the criteria and method for selection of managing director and chief executive officers in five public sector banks -- posts that have been lying vacant for long. The Appointments Committee of Cabinet...

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SBI gets shareholders nod for raising Rs 15K cr from market

State Bank of India  (SBI) on Thursday received shareholders' approval for raising Rs 15,000 crore through a public offer, including a rights issue, to fund business and meet global capital adequacy norms. The general meeting held on Thursday...

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LG, Samsung Mobiles top 2 trusted brands in India: Report

LG was ranked fourth while Samsung Mobiles was ranked at 379th position in The Brand Trust Report in 2014. The survey was conducted amongst 2,373 respondents across 16 cities. Korean brands LG and Samsung Mobiles are the top two most trusted brand...

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AGs of Texas, California probe DRL's drug pricing mechanism

On or about November 10, 2014, DRL received a Civil Investigative Demand (CID) from the Office of the Attorney General, State of Texas requesting certain information for the period of time between January 1, 1995 and the date of the CID. Attorney...

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Land Act sentimental issue, must not be rushed into: Pros

Road transport minister Nitin Gadkari has refuted the opposition's charges of the amendments to the Land Acquisition Act as being anti farmer. Speaking to CNBC-TV18, RV Kanoria of  Kanoria Chemicals and Chandra Bhushan of Centre for Science and...

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Hyundai to launch 'i20 Active' next month

Korean auto major Hyundai will make the global debut of its new crossover model, i20 Active in India next month as part of its plans to bring new products to touch the 5 lakh sales milestone in the country. Korean auto major Hyundai will make the...

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Ajay Singh infuses Rs 500 crore in SpiceJet: Sources

Singh is learnt to have raised a soft loan for this fund infusion in the airline. Sources also say that investors will pick up a stake in the airline once the restructuring process is completed. Employees of SpiceJet have some reason to cheer. After...

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SC allows RBI to initiate action against Sahara

In a major setback for Sahara, the Supreme Court has allowed the Reserve Bank of India (RBI) to take action against the group for violation of orders by the court and RBI. It may be recalled that the central bank had moved the apex court accusing Sahara...

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Coal India board directs PSU to withdraw from ICVL

The company also said that its board gave approval for the first year expenditure of Rs 1,019 crore to start the work for setting up MCL's - Coal India arm - 2x800 mw coal-based super critical thermal power plant in Odisha. State-owned CIL on Tuesday...

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Govt defers auction of schedule III blocks till next week

The e-auction of schedule III blocks, which include the ones that are near commissioning, was due to begin Wednesday. However, it has been deferred owing to litigation in Delhi High Court, said sources. The government has deferred auction of schedule...

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Govt needs to reduce fisc to 3% in FY17: Fin Comm member

The 14th Finance Commission report, headed by Y V Reddy and tabled by Finance Minister Arun Jaitley in Lok Sabha today, has recommended devolution of 42 percent of central taxes to states. In an interview to CNBC-TV18, M Govinda Rao, Member, 14th Finance...

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Sugar mills to struggle to export raws despite subsidy

Indian mills are likely to struggle to export raw sugar, despite a government subsidy to boost shipments, as global prices remain weak with large supplies from top producer Brazil set to flood the market soon. Lower exports by India, the world's biggest...

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Telecom tariffs to go down as Trai cuts call connect charge

In a bid to boost fixed line phone connections in the country, telecom regulator Trai on Monday removed charges that a landline service provider has to pay to the other service providers for transmitting its customers' phone calls - a move that is...

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Tata Power signs pact with Siberian Coal Energy Company

"Tata Power announced that it has signed a Memorandum of Understanding with Siberian Coal Energy Company (SUEK) to identify and evaluate opportunities in energy sector in Russia," the private company said in a statement. Private power utility ...

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Accion, SAIF Partners to invest $1 mn in Aye Finance

The north-focused company was founded by bankers Sanjay Sharma and Vikram Jetley and has already opened four branches in the last six months, it said adding that over 300 enterprises have already been backed by the NBFC. Venture capital funds Accion...

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Brokers modified 3 lk client codes before NSEL scam: Jt MD

According to Prakash Chaturvedi, Joint MD, NSEL, these modifications amounted to Rs 2,200 crore, which is nearly half of the Rs 5,600-crore scam. In a fresh twist to the NSEL scam, company's Joint MD Prakash Chaturvedi has made big accusation against...

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Over 56% polled expects a radical Budget: Grant Thornton

It's less than six days to go for the Union Budget and expectations are running high. In an interview to CNBC-TV18, Pallavi Bakhru, director, Grant Thornton, said the euphoria quotient has never been higher. Discussing the firm's pre-Budget poll on...

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