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Bharat Bandh Costs India About ₹125 bln, Says CII

The "Bharat Bandh" called by the National Democratic Alliance (NDA) and other opposition parties against some policy decisions by the central government has not only crippled the normal lives of citizens but also cost the country a whopping ₹125 billion. Sep 20, 2012
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Outlook Pulls Time Magazine Stunt, Brands Obama 'The Underachiever': India Goes Tit-for-Tat?

Popular weekly Outlook India launched an all-out attack on US, with its latest edition brandishing President Barack Obama on its cover calling him "The Underachiever". The magazine's point-blank move was in direct response to Time magazine's recent wisecrack at Indian Prime Minister Manmohan Singh, who was labeled with the same tag by the US-based publication a week earlier. Jul 20, 2012

Grameen Koota Raises ₹250 Million Through NCDs

Grameen Financial Services Private Limited (GFSPL), a microfinance institution (MFI) headquartered in Bangalore, has raised debt funds to the tune of ₹250,000,000 from Social Investments AG via secured, redeemable, non-convertible debentures (NCDs). Jun 26, 2012

Diesel Cars May Turn Costlier, Special Tax of ₹255,000 On Cards

Oil Minister S Jaipal Reddy recommended a hike in excise duty to be imposed on diesel-based vehicles. The proposed levies, it is said, will be as steep as INR 255,000 for sedans and sports or multi utility vehicles, while smaller vehicles will be slapped with an excise tax of INR 170,000. Jun 13, 2012