Saturday, March 24, 2012

Govt prepares for trade war with European Commission

Govt prepares for trade war with European Commission


Govt prepares for trade war with European Commission

Posted: 24 Mar 2012 04:53 PM PDT

After a carbon tax levied on aviation by the European Union, the government is now preparing for a possible trade war with the European Commission imposing a similar levy on shipping business as well – a move that can increase freight rates by 3-15%.


Rice mills encash gold rush

Posted: 24 Mar 2012 04:45 PM PDT

Trading in gold seems to have become so lucrative in recent months that even rice mill owners have shifted their focus to foreign trade in precious metals instead of the humble food grain.


Firms set to ramp up diesel car production

Posted: 24 Mar 2012 02:25 PM PDT

The clamour for diesel cars is growing stronger after the Budget did not impose any additional tax on the vehicles.


Maruti to set up new $333m diesel plant

Posted: 24 Mar 2012 05:47 AM PDT

India's biggest carmaker, Maruti Suzuki India Ltd, announced on Saturday it will spend $333 million to build a new diesel-engine plant to meet burgeoning demand for lower fuel-cost vehicles.


Harvard meet on where India is headed

Posted: 23 Mar 2012 09:37 PM PDT

International leaders from government, business, non-profit, media and entertainment sectors are meeting here over the weekend to discuss where India stands currently and where it is headed over the next decade.


PepsiCo CEO Nooyi gets $17m in compensation

Posted: 23 Mar 2012 05:29 PM PDT

PepsiCo Inc chief executive Indra Nooyi had total compensation worth $17.1 million last year, up 6 percent from 2010, even as the food and drink company failed to meet its key internal performance targets.

Credit card numbers shrink, spends rise

Posted: 23 Mar 2012 05:24 PM PDT

The number of outstanding credit cards in India continued to shrink in 2011-12 largely because of a continued clean-up operation by ICICI Bank — at one time the largest credit card issuer in the country.

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