Alternate Saturday off-day for State-run banks February 24, 2015 08:42
According to a deal between Employee Unions and the Indian Banks Association, Public sector banks including the country’s biggest lender State Bank of India will remain shut on alternate Saturdays. "Long pending demand of holiday…
Read More
Sutirtha Bhattacharya - New CMD of Coal India January 05, 2015 12:02
Sutirta Bhattacharya assumed the office of Chairman and Managing Director of Coal India Limited, a public sector enterprise. He was associated with a state run entity Singareni Collieries Company Limited, as Chairman and Managing Director.…
Read More
SpiceJet to Submit Revival plan December 26, 2014 12:32
Troubled SpiceJet airlines would submit the revival plan to the Aviation ministry, on hope from helping hand of $200 million dollars from Founding promoter Ajay Singh and US-based JP Morgan Chase. This budget carrier is…
Read More
FDI in Medical devices sector is 100% now December 24, 2014 11:31
Government approved 100% FDI in Medical Devices Sector under automatic route to encourage Foreign investment in Medical equipments and devices. Manufacturing of equipments also include diagnostic kits, medical appliances and other apparatus. India is excelling in…
Read More
'Non-cooperative' borrower classification simplified - RBI December 23, 2014 13:24
The Reserve Bank of India has changed the definition of a non-cooperative borrower to embrace all those who have the ability to pay but still prevent lenders' attempts to recover their dues, also includes wrong…
Read More
GST bill introduced in Parl December 19, 2014 13:28
Finance Minister Arun Jaitly introduced Goods and Services Tax bill in Parliament. GST bill aimed at minimizing the financial taxation barriers to the business companies and industries. Government is keen to pass this reforms initiative…
Read More
Cabinet approved draft bill for GST December 18, 2014 09:55
Union cabinet yesterday evening cleared decks for Constitution amendment bill for Goods and Services Tax (GST). GST introduction will be a major taxation reform initiative. GST will avoid the overlapping of State taxes and duties.…
Read More
Crude oil price goes low December 16, 2014 11:04
With the effect of weak international economy. Crude oil rates plunged. A barrel now costs less than $60, which is the lowest since may 2009. On Monday, the Organization of the Petroleum Exporting Countries (OPEC)…
Read More
Singapore's GIC helping Vatika Group for Residential project December 15, 2014 13:44
GIC Private Limited, formerly known as Government of Singapore Investment Corporation joined hands with Vatika Group for a residential project in Gurgaon worth of 2000 crore rupees. Vatika Group has its presence in Real Estate…
Read More
"2015: Healthy year for Indian Economy"-Moody's December 10, 2014 10:32
"2015: Healthy year for Indian Economy" Moody's predicted in a report titled "2015 Outlook-Global Credit Conditions" "India will have stronger GDP growth in 2015, which we fore cast at 5-6 percent"-Moody's said As per Moody's…
Read More
Congress nod to insurance bill in select committee: sources December 09, 2014 05:49
New Delhi: Narendra Modi government's reform process got support from the Congress to the Insurance Bill in the Select Committee, said sources. The government has proposed to increase foreign direct investment from 26 per cent…
Read More
Essar Oil loses November 11, 2013 11:53
The oil refinery Essar Oil in the State of Gujarat again lost its case in Supreme Court in getting time to pay Sales Tax dues. Essar Oil’s plea for a rebate on Sales Tax to…
Read More
