Maruti trying to reduce waiting period February 04, 2012 11:27
India's top car maker Maruti Suzuki India Limited said it is trying to reduce the waiting period for the diesel based cars for which demands are increasing rapidly. The leading company in India has major…
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Facebook ventures into stock market; seeks to raise $ 5 bn February 02, 2012 16:35
Seeking to raise USD 5 billion, giant social networking site Facebook has filed for its long awaited initial public offering. The IPO of the social network site, having over 800 million active users, is expected…
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Thin line in motive for open market operations: Subbarao February 01, 2012 12:52
When central banks conduct open market operations (OMOs) driven by a need to provide liquidity to support government borrowing or reduce yields rather than for liquidity management, it "becomes a case of acquiescence in fiscal…
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India to Host World Internal Auditors meet January 31, 2012 13:11
The Institute of Internal Auditors (IIA) was established in 1941, with headquarters in US. The IIA has more than 170,000 members in 165 countries. Its leaders represent members working in a variety of professional capacities…
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Sebi to come out with IPP guidelines January 31, 2012 12:58
IPP would allow promoters to sell up to 10 per cent of their capital through auction to institutional investors. Opening of this additional route would facilitate the disinvestment programme of the government in current market…
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India maintains fourth largest steel maker status: WSA January 30, 2012 16:06
India produced 72.2 million tonnes steel last year over 68.3 million tonnes in the previous year. WSA is the world's largest steel industry association and its members produce around 85 per cent of the global…
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India is a strong investment destination: WEF January 30, 2012 12:03
US Trade Representative Ron Kirk said the US does not consider India as an emerging market and perception in the US is that Indian can do whatever job the American can. "They can make their…
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Direct Tax Code set for 2013 January 30, 2012 11:49
The DTC Bill proposes to tax yearly incomes over Rs 2 lakh to Rs 5 lakh at the rate of 10 per cent, from Rs 5 lakh to Rs 10 lakh at 20 per cent…
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Business confidence declined: CII survey January 30, 2012 10:48
Stagnation in investment plans had emerged as a key concern in the current macro-economic scenario. The survey further reveals that firms have reported a slowdown in sales, new orders, production and pre-tax profits in Q3…
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Q3 results: Canara Bank’s net profit dips January 28, 2012 16:21
Canara Bank has reported total income of Rs 24,741.47 crore in the first three quarters, compared to Rs 18,416.46 crore in the same period last financial year up by 34.3 per cent. Canara Bank, on…
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Coal India's revised coal pricing from Feb January 27, 2012 12:27
World's largest miner Coal India Ltd (CIL) will announce the new set of coal prices this month, before the acting chairman N C Jha retires on January 31. The decision comes after the ministry formally…
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India needs 30 more airports: Planning Commission January 25, 2012 18:34
The passenger terminal capacity in all airports, expected to be 230-240 million this year, is likely to grow to 370 million, the estimates, drawn up in accordance with the investment plans of the airport operators,…
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