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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

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

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

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

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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

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

Employee Under-Performance and the TCS Saga -- Myth and Truth

As former employees struggle to come to terms with their lives taking a strange turn, employers have also raised the performance bar. The Indian IT employee has much to be concerned about.

Jan 19, 2015

Wipro Q3 Results 'Fires All Engines,' Shares Up By Almost 8%

The Bengaluru based company reported its third-quarter results ended 31 December 2014 after market hours on Friday

Jan 19, 2015

World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit.

Jan 17, 2015