Chandra takes over as CBDT boss |
- Chandra takes over as CBDT boss
- Airports Authority asks AI to clear Rs 680 crore dues
- 2010: Year of bumper divestment
- Consumption key to India growth story
- Home, car loans get costlier in New Yr
- Flying in New Year gets costlier
- Air India reinstates 8 employees sacked after Mangalore crash
- ArcelorMittal increases offer for Baffinland of Canada by 27%
- US stocks fall on last day of year, 2010 still solid
- 3 banks including ICICI raise lending rates
- Rupee up 26 paise against dollar
- Oil cos raise jet fuel rates by about 2%
- India's external debt up to $296bn in April-Sept
- Oil cos raise jet fuel rates by about 2%
- RBI initiates probe in Citibank fraud, to make statement
- Sensex ends the year on promising note
- Sensex ends 2010 on promising note, up 120pts
- Fiscal deficit down 39.08% to Rs1.86Lcr
- Hero Group says it is victim of Citibank fraud
- 11,000 H1-B visas for US still available
- Govt to prop up oil companies' bottomlines
| Chandra takes over as CBDT boss Posted: 31 Dec 2010 04:56 PM PST Sudhir Chandra, member investigation in the Central Board of Direct Taxes (CBDT), has taken over as the new chairman of the apex direct tax board replacing S S N Moorthy, who retired on Friday. 
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| Airports Authority asks AI to clear Rs 680 crore dues Posted: 31 Dec 2010 04:53 PM PST Having some money may become a bigger problem than easing the troubles cash-strapped national carrier Air India. Within hours of getting approval for Rs 1,200 crore equity infusion from the Cabinet Committee of Economic Affairs, creditors are eyeing to get their dues. 
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| 2010: Year of bumper divestment Posted: 31 Dec 2010 04:50 PM PST The year 2010 will go down in the history of Indian markets as the one that witnessed the revival of the government divestment process with the Coal India IPO emerging to be the jewel in the crown. 
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| Consumption key to India growth story Posted: 31 Dec 2010 04:47 PM PST Consumption is the sole purpose of all production. When a steel manufacturer says it is adding new production capacity, one can assume that people are buying more cars and consumer durables. 
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| Home, car loans get costlier in New Yr Posted: 31 Dec 2010 04:38 PM PST Faced with rising cost of funds, State Bank of India and ICICI Bank—the country's top two lenders—on Friday announced a hike in lending rates for existing as well as new customers, while HDFC Bank and Kotak Mahindra Bank limited the increase to new customers. 
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| Flying in New Year gets costlier Posted: 31 Dec 2010 01:38 PM PST The year 2011 will be bringing in heavier airfares and the first step in that direction has already been taken with fuel surcharge up by Rs 100 to Rs 200 on domestic routes. 
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| Air India reinstates 8 employees sacked after Mangalore crash Posted: 31 Dec 2010 08:06 AM PST In some good news on New Year eve, national carrier Air India has reinstated eight of the 55 employees sacked for striking work after the May 22 Mangalore plane crash. 
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| ArcelorMittal increases offer for Baffinland of Canada by 27% Posted: 31 Dec 2010 08:04 AM PST ArcelorMittal, the world's largest steel producer, said today it had increased by 27 per cent its offer to buy Canadian mining company Baffinland to match a rival bid by Nunavut Iron Ore. 
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| US stocks fall on last day of year, 2010 still solid Posted: 31 Dec 2010 07:49 AM PST Investors are taking profits after a strong year in the stock market. The Standard & Poor's 500 index and the Dow Jones industrial average are both up about 14% for the year, including dividends, due to solid corporate earnings. 
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| 3 banks including ICICI raise lending rates Posted: 31 Dec 2010 07:44 AM PST ICICI Bank has announced an increase of 0.5 per cent in the base rate with effect from January 3, 2011. The revised rate will be 8.25 per cent as against 7.75 per cent at present, the bank said in a statement. 
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| Rupee up 26 paise against dollar Posted: 31 Dec 2010 07:27 AM PST In sync with rally in equities, the rupee settled the year 2010 on a high note ending up by 26 paise at a nearly four-week high against the US currency on dollar selling by exporters and banks. 
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| Oil cos raise jet fuel rates by about 2% Posted: 31 Dec 2010 05:59 AM PST Flying within India will become costlier from the New Year with two major airlines, Kingfisher and Jet Airways, hiking fuel surcharge by up to Rs 200 per ticket with immediate effect. 
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| India's external debt up to $296bn in April-Sept Posted: 31 Dec 2010 05:09 AM PST With spurt in overseas borrowings by corporates and rupee appreciation against major currencies, India's external debt has gone up by 12.8% to $295.8 billion in the first six months of the current fiscal. 
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| Oil cos raise jet fuel rates by about 2% Posted: 31 Dec 2010 04:25 AM PST State-owned oil firms today hiked jet fuel prices by almost 2 per cent, the sixth straight increase in rates since October when international crude oil prices started climbing. 
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| RBI initiates probe in Citibank fraud, to make statement Posted: 31 Dec 2010 04:06 AM PST Reserve Bank of India (RBI) today said it has initiated a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch and would soon issue a statement in this regard. 
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| Sensex ends the year on promising note Posted: 31 Dec 2010 03:05 AM PST The BSE benchmark Sensex rose for the third straight day in the last trading session of the year, adding 120 points on sustained buying amid indications that strong economic growth will boost company earnings. 
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| Sensex ends 2010 on promising note, up 120pts Posted: 31 Dec 2010 03:03 AM PST The BSE benchmark Sensex rose for the third straight day in the last trading session of the year, adding 120 points on sustained buying amid indications that strong economic growth will boost company earnings. 
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| Fiscal deficit down 39.08% to Rs1.86Lcr Posted: 31 Dec 2010 02:47 AM PST The Centre's fiscal deficit narrowed by 39.08 per cent year-on-year to Rs 1.86 lakh crore in April-November, 2010, on the back of better-than-expected revenue from the sale of spectrum and robust tax collections. 
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| Hero Group says it is victim of Citibank fraud Posted: 31 Dec 2010 12:19 AM PST Leading corporate house Hero Group is a victim of the alleged Rs 300 crore Citibank fraud by bank manager Shiv Raj Puri, says the conglomerate, but did not disclose details of financial involvement. 
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| 11,000 H1-B visas for US still available Posted: 30 Dec 2010 10:36 PM PST About 11,000 H-1B visas, the most sought after by Indian professionals for working in the US, has found no takers indicating a grim employment scenario in the country and the steep hike in the visa fee daunting the job-seekers. 
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| Govt to prop up oil companies' bottomlines Posted: 30 Dec 2010 05:20 PM PST Striking a balance between business and politics, the petroleum secretary S Sundareshan said on Thursday that the government would not let state-run oil marketing companies hang out to dry for shielding consumers from the impact of surging international crude and the government will make up their losses without asking domestic oil producers to share any extra burden. 
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