New Delhi | May 19, 2013 19:37 (IST)
Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.
New Delhi | May 19, 2013 19:34 (IST)
A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.
New Delhi | May 19, 2013 19:33 (IST)
Mutual funds pumped Rs 4.74 lakh crore into the debt market in 2012-13, making it their biggest investment in the last 12 years.
New Delhi | May 19, 2013 19:05 (IST)
Overseas investors have poured in nearly Rs 12,000 crore (about $2.2 billion) into the Indian equity market so far this month.
Mumbai | May 19, 2013 19:02 (IST)
Six of the top ten most valued Indian companies have added Rs 40,053 crore to their market capitalisation, with ONGC and SBI emerging as biggest gainers.
May 19, 2013 18:58 (IST)
The current payroll practices - an essential element in employee satisfaction - facehurdles like incorrect tax withholding, tax and regulatory changes, cost of solution, according to a study by global consultancy firm Ernst and Young (E&Y).
New Delhi | May 19, 2013 18:41 (IST)
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.
New York | May 19, 2013 18:19 (IST)
With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
Kolkata | May 19, 2013 17:59 (IST)
State Bank of India (SBI) is projecting a 25 per cent deposit growth during the current fiscal year compared to 14.85 per cent in 2012-13.
New Delhi | May 19, 2013 17:50 (IST)
Under pressure from the Directorate General of Hydrocarbons (DGH), Reliance Industries Ltd (RIL) has agreed to do separate tests to confirm 3 natural gas finds in the KG-D6 block but the regulator is not impressed and wants the discoveries to be taken away from the company.
New Delhi | May 19, 2013 17:02 (IST)
Failing to deposit services tax may now attract arrest and imprisonment for up to 7 years. With the passage of Finance Bill 2013 last week, the revenue department officials can now arrest a person for non-payment of collected service tax.
Mumbai | May 19, 2013 16:54 (IST)
The estimated Rs 950-crore IPO of local search engine Just Dial will begin on Monday, May 20, and is one of the largest initial public offers by an Indian internet company.
New Delhi | May 19, 2013 16:50 (IST)
The Cellular Operators Association of India (COAI) is planning to approach the Department of Telecommunications (DoT) in the "next few days" asking it to cancel 19 licences awarded to Tata Teleservices (TTSL) over 5 years ago.
Reported By: Sanjeev Bhasin | May 19, 2013 16:28 (IST)
The markets in the week ahead are likely to react to the newly found momentum as foreign flows and global trends drive them higher.
New Delhi | May 19, 2013 14:30 (IST)
Land acquisition will be a major hurdle for Swedish furniture retailer IKEA to set up its stores in India and it may have to even depend on public auction by government, according to real estate consultants.
New Delhi | May 19, 2013 14:11 (IST)
An inter-ministerial panel on disinvestment is scheduled to meet on Monday to consider an 11.36 per cent stake sale in National Hydroelectric Power Corporation (NHPC), which could fetch government around Rs 2,400 crore.
London | May 19, 2013 13:40 (IST)
After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
Mumbai | May 19, 2013 13:23 (IST)
Amid allegations of co-operative banks being used as conduits for money laundering, the National Bank for Agriculture and Rural Development (Nabard), which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.
New Delhi | May 19, 2013 13:17 (IST)
The recent 'unbundling' of some services such as seat preferences or meals on board might be helping airlines to earn a lot of ancillary revenue, but the government is considering whether it could limit the number of 'preferred seats' on sale on each flight.
Mumbai | May 19, 2013 12:39 (IST)
Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme.