Friday, January 28, 2011

India's DTAA with Mauritius has gaps, says OECD study

India's DTAA with Mauritius has gaps, says OECD study


India's DTAA with Mauritius has gaps, says OECD study

Posted: 28 Jan 2011 01:11 PM PST

The Organization for Economic Cooperation and Development cited gaps in India's double tax avoidance agreement with Mauritius, adding the latter's lax norms provided room for routing funds.


Markets headed for worst fall in 2 years

Posted: 28 Jan 2011 01:04 PM PST

With concerns that rising prices and higher interest costs would hit profits, the stock markets declined for the third consecutive day and the BSE benchmark index looks set to post its biggest monthly loss since 2008.


U K Sinha to be next Sebi chief

Posted: 28 Jan 2011 12:47 PM PST

U K Sinha, UTI Asset Management Company chairman and managing director, is set to be the new chairman of the Sebi with PM Manmohan Singh clearing his appointment.


Indian ports' capacity crosses 1 billion tonnes

Posted: 28 Jan 2011 10:00 AM PST

The cargo handling capacity of Indian ports crossed 1 billion tonnes on Friday with three terminals having a total capacity of 15 million metric tonnes per annum going on stream at the Ennore Port near Chennai.


Ssangyong creditors okay M&M plan

Posted: 28 Jan 2011 09:16 AM PST

Mahindra & Mahindra cleared a major hurdle in its acquisition of troubled Korean SUV maker Ssangyong after the latter's creditors and shareholders approved the Indian company's rehabilitation plan


Sushma Nath to be first woman finance secy

Posted: 28 Jan 2011 09:14 AM PST

Sushma Nath, a 1974 MP cadre Indian Administrative Service officer, will be the first woman to occupy the finance secretary's chair in North Block.

US stocks: Ford, Egypt unrest knock Wall Street off 29-month high

Posted: 28 Jan 2011 08:59 AM PST

US stocks fell from 29-month highs on Friday as Amazon and Ford reported weak results and investors worried about escalating protests in Egypt against the government.


MindTree founder Ashok Soota quits

Posted: 28 Jan 2011 06:31 AM PST

Ashok Soota, who co-founded IT company MindTree and who is its executive chairman, will be quitting the company to start another venture.


Ford 2010 profit highest in a decade as sales rise

Posted: 28 Jan 2011 06:16 AM PST

Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company.


Investors lose Rs11tn in stock market since Diwali

Posted: 28 Jan 2011 04:13 AM PST

Investors have lost a whopping amount of nearly Rs 11,00,000 crore in the stock market in less than three months since Diwali last year, with over Rs 3 lakh crore being wiped out in the past three days alone.


Investors lose Rs11tn in stock market since Diwali

Posted: 28 Jan 2011 03:59 AM PST

Investors have lost a whopping amount of nearly Rs 11,00,000 crore in the stock market in less than three months since Diwali last year, with over Rs 3 lakh crore being wiped out in the past three days alone.


Russia lifts bullion reserves to world's 8th largest

Posted: 28 Jan 2011 03:53 AM PST

Russia added 135 tonnes of gold to its reserves in the first eleven months of last year, including 9 tonnes in December, to become the world's eighth largest bullion holder, the World Gold Council said on Friday.


Sensex drops 289 pts to 5-month low

Posted: 28 Jan 2011 03:23 AM PST

Continuing its fall for the third day, the BSE benchmark sensex dropped nearly 289 points to a 5-month low on brisk selling in heavy-weight financial companies, on investor concerns about rising interest rates in view of high inflation and weak global cues.


Mercedes may follow Tata's footsteps, develop a small car

Posted: 28 Jan 2011 03:17 AM PST

On the back of a thriving domestic economy fuelled by an increasing appetite for consumption, global auto giant Mercedes-Benz is looking at developing a small car for the Indian market, a senior company executive said.


BoB Q3 profit rises 28.39% at Rs 1,068.88 cr

Posted: 27 Jan 2011 10:50 PM PST

State-run Bank of Baroda on Friday reported 28.39 per cent growth at Rs 1,068.88 crore in stand- alone profit for the third quarter ended December 31, 2010.


Sensex trades 136 points down

Posted: 27 Jan 2011 09:36 PM PST

After opening higher, the BSE benchmark Sensex today slipped by 136 points to trade at 18,548.54 at 1015 hrs with selling pressing emerging in realty, auto and capital goods sector stocks.


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