Friday, September 10, 2010

Govt wants to give FDI a push

Govt wants to give FDI a push


Govt wants to give FDI a push

Posted: 10 Sep 2010 01:34 PM PDT

In a move aimed at speeding up FDI flow, the government on Friday proposed to allow foreign firms to bring in new technology and set up new independent business without clearance from their existing local joint venture partners.

Membership in a bourse is intangible asset: SC

Posted: 10 Sep 2010 01:29 PM PDT

In a major ruling, the Supreme Court has held that the stock exchange membership cards are "intangible assets" and a broker can claim deductions while filing income tax.

Texas 'Instrumental' in getting tech MNCs here

Posted: 10 Sep 2010 01:31 PM PDT

The late Murasoli Maran had once reportedly said that if the M G Ramachandran regime in 1985 had been more accommodating towards Texas Instruments (TI), then Chennai, and not Bangalore, would have emerged as the Silicon Valley of India.

Durables makers won't hike prices this festive season

Posted: 10 Sep 2010 01:24 PM PDT

Consumer durable makers have decided against a hike in prices in the festive season,which sees a jump in sales, despite a rise in raw material prices. Steel makers like Tata Steel, SAIL, Jindal Steel, among others, have recently raising prices.

Industrial growth jumps to 13.8%

Posted: 10 Sep 2010 01:35 PM PDT

Growth in India's industrial output nearly doubled from a year-ago period to 13.8% in July on the back of a double-digit expansion in capital goods production.

Dubai World gets creditors' nod for debt restructuring

Posted: 10 Sep 2010 05:09 AM PDT

Debt-ridden conglomerate Dubai World today said it has received approval from 99 per cent of its creditors to restructure debt of about USD 25 billion.

Infosys BPO to hire 550 employees

Posted: 10 Sep 2010 05:11 AM PDT

Infosys BPO on Friday said it will increase the total headcount of its Poland operations to 1,500 in next one year.

Nokia appoints Microsoft executive as new CEO

Posted: 10 Sep 2010 05:13 AM PDT

The world's largest mobile phone maker Nokia on Friday named a new software-savvy chief executive from Microsoft to help it battle slumping profits and an eroding market share in the smartphone segment.

Outsourcing ban: 'Weak case for India in WTO'

Posted: 10 Sep 2010 06:10 AM PDT

As India has kept out of the multilateral agreement on public procurement, it may find it tough to contest in the WTO the US state of Ohio's ban on offshore outsourcing by government departments, experts said.

NSE top bosses draw more than NYSE brass

Posted: 09 Sep 2010 02:09 PM PDT

Top public sector bank CEOs may be earning a fraction of the compensation paid to their counterparts in the private sector, but officials of an Indian stock exchange get fatter pay packets than their peers from global bourses.

Govt wants to give FDI a push

Posted: 10 Sep 2010 01:34 PM PDT

In a move aimed at speeding up FDI flow, the government on Friday proposed to allow foreign firms to bring in new technology and set up new independent business without clearance from their existing local joint venture partners.

Texas 'Instrumental' in getting tech MNCs here

Posted: 10 Sep 2010 01:31 PM PDT

The late Murasoli Maran had once reportedly said that if the M G Ramachandran regime in 1985 had been more accommodating towards Texas Instruments (TI), then Chennai, and not Bangalore, would have emerged as the Silicon Valley of India.

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