TRAI proposes up to 80% cut in mobile roaming rates

Under the latest draft amendment of Telecommunication Tariff Order, TRAI has proposed to cut down maximum charges that can be imposed on outgoing local calls during roaming to 65 paise per minute, from ceiling rate of Re 1 per minute. Mobile subscribers...

23.25 | 0 komentar | Read More

Motorcycle maker Yamaha to launch small cars in Europe

The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show. Japanese motorcycle giant Yamaha will join the four-wheel market by launching...

23.25 | 0 komentar | Read More

No incentive for anyone to enter REITs: CBRE South Asia

For REITs to take off in India, the government needs to provide clarity on the tax structure, says Anshuman Magazine, chairman and  managing director of CBRE South Asia. The tax outgo is much less if a company is listed in India and Singapore, sans...

23.25 | 0 komentar | Read More

Union Budget 2015: Housing for all to boost ind demand: Cera Sanitaryware

Atul Sanghvi, ED of Cera Sanitaryware spoke about the likely benefits from government's focus on sanitation and low housing and housing for all Affordable housing will be the one where we anticipate a big benefit for companies like us. Atul Sanghvi,...

23.25 | 0 komentar | Read More

IT cos see Chennai as an attractive investment destination

High profile shut downs including Nokia, Motorola and Foxconn, it's surely not been great going for big businesses in Chennai. However if real estate transactions are anything to go by, light seems to be emerging at the end of the tunnel High profile...

23.25 | 0 komentar | Read More

Tata Motors' offers VRS to workers

The firm's domestic business has been under pressure for a while now. In the third quarter, it posted a loss of over Rs 2,100 crore on a standalone basis. Tata Motors  has launched a voluntary retirement scheme for workers across its India plants....

23.25 | 0 komentar | Read More

SBI gets shareholders nod for raising Rs 15K cr from market

State Bank of India  (SBI) on Thursday received shareholders' approval for raising Rs 15,000 crore through a public offer, including a rights issue, to fund business and meet global capital adequacy norms. The general meeting held on Thursday...

23.26 | 0 komentar | Read More

Rail Budget 2015: Pledge to re-invigorate Railways, says Suresh Prabhu

In a post-Budget interaction with the media, Prabhu said a sum of Rs 6,581 crore has been approved to remove around 3,500 level-crossings. He said the ministry has rationalised freight rates in terms of classification. The Railway Budget has focussed...

23.26 | 0 komentar | Read More

Tata-LT consortium shortlisted for mega defence project

In order to give a push to government's defence programme, the ministry has awarded battlefield management system (BMS) development contracts to two consortiums. According to sources, one comprises of  Tata Power SED and L&T Defence and the...

23.26 | 0 komentar | Read More

Govt clears criteria to appoint 5 PSU bank chiefs

The Appointments Committee of Cabinet today approved the criteria and method for selection of managing director and chief executive officers in five public sector banks -- posts that have been lying vacant for long. The Appointments Committee of Cabinet...

23.26 | 0 komentar | Read More

2-wheeler industry to grow 8-9% in FY15; 1-2% in FY16: ICRA

Domestic two-wheeler industry is estimated to log 8-9 percent growth for 2014-15, but it will decelerate to 1-3 percent in the next financial year because of limited flow of first time buyers, rating agency ICRA said. It will be driven by increasing...

23.25 | 0 komentar | Read More

DLF IPO disclosure case: Sebi imposes Rs 86-cr penalties

In its biggest-ever penalty, Sebi today imposed fines of Rs 52 crore on realty giant DLF and seven others, including Chairman K P Singh, for "fraudulent and unfair trade practices", while penalties totalling Rs 34 crore were slapped on 33 related entities....

23.25 | 0 komentar | Read More

Hyundai to launch 'i20 Active' next month

Korean auto major Hyundai will make the global debut of its new crossover model, i20 Active in India next month as part of its plans to bring new products to touch the 5 lakh sales milestone in the country. Korean auto major Hyundai will make the...

23.25 | 0 komentar | Read More

Ajay Singh infuses Rs 500 crore in SpiceJet

Singh is learnt to have raised a soft loan for this fund infusion in the airline. Sources also say that investors will pick up a stake in the airline once the restructuring process is completed. Employees of SpiceJet have some reason to cheer. After...

23.25 | 0 komentar | Read More

Budget may rationalize taxes to popularise REITs

The industry has been relief on Minimum Alternate Tax (MAT) at time of creation of REIT as there are no real sales of shares, hence no income is earned. The Union Budget may rationalize taxes and remove anomalies to popularise Real Estate Investment...

23.25 | 0 komentar | Read More

LG, Samsung Mobiles top 2 trusted brands in India: Report

LG was ranked fourth while Samsung Mobiles was ranked at 379th position in The Brand Trust Report in 2014. The survey was conducted amongst 2,373 respondents across 16 cities. Korean brands LG and Samsung Mobiles are the top two most trusted brand...

23.25 | 0 komentar | Read More

BSNL, MTNL, Videocon planning lowering call rates

Trai also reduced network interconnection usage charges (IUC) on calls made from mobile phones by about 30 percent to 14 paise per call from 20 paise earlier. Telecom companies BSNL, MTNL  and Videocon are considering reducing call rates...

23.25 | 0 komentar | Read More

NTPC board approves investment proposal for MP plant

"NTPC said that the Board of Directors of the company has accorded the investment approval for the Khargone power project in Madhya Pradesh at an appraised current estimated cost of Rs 9,870.51 crore," the company said in a regulatory filing. State-owned...

23.25 | 0 komentar | Read More

Govt needs to reduce fisc to 3% in FY17: Fin Comm member

The 14th Finance Commission report, headed by Y V Reddy and tabled by Finance Minister Arun Jaitley in Lok Sabha today, has recommended devolution of 42 percent of central taxes to states. In an interview to CNBC-TV18, M Govinda Rao, Member, 14th Finance...

23.25 | 0 komentar | Read More

Sugar mills to struggle to export raws despite subsidy

Indian mills are likely to struggle to export raw sugar, despite a government subsidy to boost shipments, as global prices remain weak with large supplies from top producer Brazil set to flood the market soon. Lower exports by India, the world's biggest...

23.25 | 0 komentar | Read More

SC allows RBI to initiate action against Sahara

In a major setback for Sahara, the Supreme Court has allowed the Reserve Bank of India (RBI) to take action against the group for violation of orders by the court and RBI. It may be recalled that the central bank had moved the apex court accusing Sahara...

23.25 | 0 komentar | Read More

Airtel, BSNL to sign pan-India intra-circle roaming pact

Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence. Telecom operators Airtel  and BSNL are...

23.25 | 0 komentar | Read More

SpiceJet launches low-fare offer; 1 lakh seats on the block

Budget carrier SpiceJet  on Tuesday put one lakh seats up for grabs on both its domestic and international routes as it rolled out another discount sale offer with tickets priced as low as Rs 1,699 for travel within the country. The latest offer...

23.25 | 0 komentar | Read More

Govt to set up expert panel to improve AI's performance

The government plans to set up an expert panel to find ways to improve Air India's performance but presently no proposal is being considered for its privatisation, Civil Aviation Minister Ashok Gajapathi Raju Pusapati said on Tuesday. "Setting up of...

23.25 | 0 komentar | Read More

Sesa Sterlite plans corporate name change to Vedanta

Sesa Sterlite, the Indian subsidiary of Vedanta Resources Plc, a globally diversified natural resources company, plans to adopt a new corporate name; Vedanta Limited. Sesa Sterlite , the Indian subsidiary of Vedanta Resources Plc, a globally diversified...

23.25 | 0 komentar | Read More

Hindalco Industries wins one more coal block; total 3

Hindalco had on February 15 bagged Kathautia mine in Jharkhand and also won GareIV/5 mine in Chhattisgarh on February 19. Continuing aggressive bidding, Hindalco Industries  has bagged one more mine in the ongoing coal auction, taking the total...

23.25 | 0 komentar | Read More

Kotak-ING Vysya merger deal gets CCI green signal

Kotak Mahindra had announced the buyout of ING Vysya Bank in an all-stock deal in November last year following which it had approached CCI for approval on the deal in December. The proposed Rs 15,000-crore merger deal between  Kotak Mahindra...

23.25 | 0 komentar | Read More

Hyundai to push drive into SUV segment

"The next focus will be on sports utility vehicles.Two SUVs are lined up that will be modern with premium feel," Senior VP and head of sales, Rakesh Srivastava, said here on Friday on the sidelines of the launch of all-new 4S Fluidic Verna. Auto major...

23.25 | 0 komentar | Read More

Union Budget 2015: Aviation industry seeks sops for survival

According to the report, the Indian civil aviation industry is on a high growth trajectory, albeit with minor hiccups.  "The industry has ushered in a new wave of expansion driven by low cost carriers (LCC), modern airports, foreign direct investments...

23.25 | 0 komentar | Read More

Budget 2015-16: FM must introduce steps to boost GDP growth, says Godrej

Speaking on his expectations from the Budget, Godrej said this is the right time for Finance Minister to bring in measures to increase Gross Domestic Product (GDP) growth as his (FM's) subsidy bill would be much lower than in the past due to fall in...

23.25 | 0 komentar | Read More

Hindalco Industries wins one more coal block; total 3

Hindalco had on February 15 bagged Kathautia mine in Jharkhand and also won GareIV/5 mine in Chhattisgarh on February 19. Continuing aggressive bidding, Hindalco Industries  has bagged one more mine in the ongoing coal auction, taking the total...

23.25 | 0 komentar | Read More

Sesa Sterlite plans corporate name change to Vedanta

Sesa Sterlite, the Indian subsidiary of Vedanta Resources Plc, a globally diversified natural resources company, plans to adopt a new corporate name; Vedanta Limited. Sesa Sterlite , the Indian subsidiary of Vedanta Resources Plc, a globally diversified...

23.25 | 0 komentar | Read More

Hyundai to push drive into SUV segment

"The next focus will be on sports utility vehicles.Two SUVs are lined up that will be modern with premium feel," Senior VP and head of sales, Rakesh Srivastava, said here on Friday on the sidelines of the launch of all-new 4S Fluidic Verna. Auto major...

23.25 | 0 komentar | Read More

Kotak-ING Vysya merger deal gets CCI green signal

Kotak Mahindra had announced the buyout of ING Vysya Bank in an all-stock deal in November last year following which it had approached CCI for approval on the deal in December. The proposed Rs 15,000-crore merger deal between  Kotak Mahindra...

23.25 | 0 komentar | Read More