Asia

Budget 2015 : No Increase in Tax Rates, Incentives for Manufacturing Sector

Jaitley indicates that Budget 2015 will not witness a rise in tax rates.

Jan 24, 2015

Govt Likely to Sell 5% Stake in PFC Next Week; Lines Up Dredging Corp, NMDC, IOC and NALCO

In a bid to limit the fiscal deficit to 4.1 per cent, the government is looking to sell stakes in key organisations.

Jan 24, 2015

Biocon claims to take Syngene unit public by selling stake

Bengaluru, Jan 23 (ANI): Biocon Ltd would list its research services business arm Syngene by selling up to 15 percent stake in a public offer, the company said, after reporting third-quarter earnings on Friday (January 23). Biocon had previously said it planned to list Syngene but had not given a timeline. Late on Thursday (January 22), it said its board had approved starting the process of listing and hiring merchant bankers to sell 10-15 percent from Biocon's majority stake in the unit in the public offer. Separately, Biocon agreed with Gilead Sciences Inc to licence its chronic hepatitis-C product range, it said in a statement.

Jan 23, 2015

BSE closes points 272.82 up on Jan 23

New Delhi, Jan 23 (ANI): Trading at the Bombay Stock Exchange today closed 272.82 points up to stand at 29,278.84. At the National Stock Exchange the Nifty closed 74.20 points up to stand at 8,835.60. SPARC and MAX were among the top gainers of Group A with an increase of 20.00% and 9.03% along with RTN POWER and ADANI ENTERPRISES LTD. with an increase of 8.79% and 7.92% respectively, while the top losers of Group A include IPCA LAB and POLARIS with a decrease of 8.62% and 6.73% along with SUZLON and PMCFIN with a decrease of 6.35% and 4.91% at the close of the markets. The Auto sector is up 278.97 points at 20,086.19 while the banking sector is up 179.20 points at 22,984.00 and the reality sector is up 23.14 points at 1,671.80. The Indian currency is down 0.22% at Rs 61.56 per dollar.

Jan 23, 2015

AI to Sell Assets to Prune ₹40k crore Debt; SpiceJet Receives Initial Approval for Revival, Shares Jump

Air India losses have reached 40k crore, with the airline trying to sell real estate. SpiceJet has received initial approval to facilitate management control going to Ajay Singh, who's trying to resurrect the cash-strapped airline.

Jan 22, 2015

BSE closes points 117.16 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 117.16 points up to stand at 29,006.02. At the National Stock Exchange the Nifty closed 31.90 points up to stand at 8,761.40. SPARC and GSFC were among the top gainers of Group A with an increase of 17.04% and 12.40% along with INDIA CEMENTS LTD and THERMAX with an increase of 8.78% and 7.37% respectively, while the top losers of Group A include SUZLON and PMCFIN with a decrease of 7.45% and 4.90% along with RASOYPR and SUNTV with a decrease of 4.88% and 4.84% at the close of the markets. The Auto sector is up 140.73 points at 19,807.22 while the banking sector is up 83.64 points at 22,804.80 and the reality sector is up 8.92 points at 1,648.66. The Indian currency is down 0.10% at Rs 61.70 per dollar.

Jan 22, 2015

Modi Govt Shifts Gears on Disinvestment, Lines Up Stake Sale in NMDC, IOC, NHPC and Dredging Corp

The government is gearing up to launch a slew of alternate stake sales, after its earlier planned offloading at CIL and ONGC hit a road block. Companies now considered include NMDC, NHPC, Dredging Corp and IOC

Jan 22, 2015

Budget 2015: 3-yr FDs could get Tax Exemption; Financial Institutions Call for Introduction of Corporate Tax-Slab

Banking industry representatives have called on the FM to rationalise the maturity period for tax exemption status on fixed deposits so that it is on par with mutual funds at three years.

Jan 22, 2015

SpiceJet Lessors Seek Return of 15 Boeing Aircraft

Aircraft lessors fearing a Kingfisher Airline saga, have asked for 15 of the 20 Boeing planes being operated by SpiceJet to be returned back.

Jan 21, 2015

BSE closes points 104.19 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 104.19 points up to stand at 28,888.86. At the National Stock Exchange the Nifty closed 33.90 points up to stand at 8,729.50. JUBILANT and TATA ELXSI LTD. were among the top gainers of Group A with an increase of 9.33% and 8.56% along with MUTHOOT FINANCE LTD. and CORPORATION BANK with an increase of 7.00% and 5.89% respectively, while the top losers of Group A include NATCO PHARMA LTD. and GDL with a decrease of 5.90% and 5.62% along with RALLIS INDIA LTD. and ITC with a decrease of 5.47% and 5.01% at the close of the markets. The Auto sector is up 13.81 points at 19,666.49 while the banking sector is up 87.73 points at 22,721.16 and the reality sector is down 3.64 points at 1,639.74. The Indian currency is down 0.16% at Rs 61.59 per dollar.

Jan 21, 2015

Gold at Five-Month High, Breaches $1300 Mark

Demand for gold has increased in the past few days, due to a global slowdown forecast. Silver also saw increased demand from industry and coin-makers.

Jan 21, 2015

pm-modi-offers-prayers-at-varanasi-assi-ghat-launches-swachh-bharat-abhiyan

Modi's Swachh Bharat Abhiyan Sees World Bank Committing $1 Billion

The Clean India Mission is expected to cost more than ₹62,000 crore.

Jan 21, 2015

TCS Revokes Termination Of Pregnant Employee, Prepares To Face Lawsuit Filed By Another Dismissed Employee

TCS has revoked the termination order of a pregnant female employee, as per company policy. The company prepares to face the lawsuit bought on by another male employee.

Jan 21, 2015

BSE closes points 522.66 up on Jan 20

New Delhi, Jan 20 (ANI):Trading at the Bombay Stock Exchange today closed 522.66 points up to stand at 28,784.67. At the National Stock Exchange the Nifty closed 144.90 points up to stand at 8,695.60. GDL and PRESTIGE were among the top gainers of Group A with an increase of 9.96% and 7.05% along with ABAN and HDFC with an increase of 6.29% and 5.63% respectively, while the top losers of Group A include PMCFIN and RAJESH EXPORTS with a decrease of 4.96% and 4.43% along with MINDTREE LTD and MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. with a decrease of 4.17% and 3.80% at the close of the markets. The Auto sector is up 136.84 points at 19,658.28 while the banking sector is up 409.99 points at 22,633.4 and the reality sector is up 19.49 points at 1,643.38. The Indian currency is down 0.11% at Rs 61.78 per dollar.

Jan 20, 2015

Twitter Shares Soar Following Takeover Rumours; Is Google A Potential Buyer?

Twitter Makes First Indian Acquisition - ZipDial - a 'Missed-Call' Service Provider

Furthering the Indian software success story, ZipDial, a missed-call marketing platform company, has been acquired by US-based micro-blogging site Twitter.

Jan 20, 2015

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