Sunday, April 1, 2012

Tata Group targets $500 bn revenue by 2021

Tata Group targets $500 bn revenue by 2021


Tata Group targets $500 bn revenue by 2021

Posted: 01 Apr 2012 08:37 PM PDT

Tata Group targets revenues of $500 billion by the financial year ending in March 2021, the Business Standard newspaper reported on Monday, as the steel-to-software conglomerate aims to increase sales five times over nine years.


5 companies in last lap of Thomas Cook race

Posted: 01 Apr 2012 06:08 PM PDT

Kohlberg Kravis Roberts (KKR), Carlyle, and Travelex are among the five bidders that remain in the running for Thomas Cook India, which has been put up for sale by its British parent.


March sees record car sales on price hike fears

Posted: 01 Apr 2012 05:57 PM PDT

Soon after the budget, leading car makers had said that vehicles would become expensive by up to Rs 3 lakh as they will pass on the increase in excise duty to customers.


Global Inc edgy over Vodafone tax row

Posted: 01 Apr 2012 05:52 PM PDT

In the Finance Bill, the government had proposed to allow Indian authorities to tax any merger and acquisition transaction by a foreign firm that has interest in a company or an asset in India.


Union budget aimed at fiscal consolidation: Pranab

Posted: 01 Apr 2012 09:53 AM PDT

Union Finance Minister Pranab Mukherjee today said the 2012-13 Budget was placed with a view of fiscal consolidation, moderation of inflation and bringing back India to a higher trajectory of sustainable growth.


India not a tax haven: Pranab

Posted: 01 Apr 2012 08:26 AM PDT

Defending the proposed amendment of the Income Tax Act with retrospective effect, union Finance Minister Pranab Mukherjee Sunday said India cannot be a tax haven.


Bengal minister urges Pranab to bail out state

Posted: 01 Apr 2012 07:52 AM PDT

The Mamata Banerjee-led West Bengal government Sunday once again raised its demand for settling its debts, with a minister of the cash-starved state urging union Finance Minister Pranab Mukherjee to bail it out of its huge burden.


Goldman Sachs bullish on growth prospects in India

Posted: 01 Apr 2012 07:08 AM PDT

Global investment banking and securities firm Goldman Sachs which held its first ever board meet in India last week has said that it would like to grow its business here in line with the growing economy.


Cheques to be valid for 3 months only

Posted: 01 Apr 2012 05:14 AM PDT

Banks from today will stop honouring cheques and drafts if they are not presented within three months of the date of issue as against six months earlier.


Jewellers strike enters 16th day

Posted: 01 Apr 2012 04:10 AM PDT

The strike by bullion traders and jewellers continued for the 16th day on Sunday to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery.


FII inflows into stocks touch $9bn this year

Posted: 01 Apr 2012 12:26 AM PDT

Overseas investors have pumped in about Rs 8,381.10 crore (USD 1.68 billion) in the Indian equity market in the month of March, taking the calendar year to date total to a whopping Rs 43,950.70 crore (USD 8.89 billion).


Higher service tax, excise affects household budgets

Posted: 01 Apr 2012 12:04 AM PDT

In the Union Budget 2012-13, finance minister Pranab Mukherjee had announced hike in excise duty and services tax to 12 per cent from 10 per cent.


Banks approve $3.5bn loan restructure for AI

Posted: 31 Mar 2012 11:54 PM PDT

A consortium of 19 banks, led by State Bank of India, has approved the financial restructuring plan of debt-laden state-run airline Air India, the Business Standard newspaper reported on Sunday.


FII inflows into Indian stocks touch USD 9 bn this year

Posted: 31 Mar 2012 11:53 PM PDT

Overseas investors have pumped in about Rs 8,381.10 crore (USD 1.68 billion) in the Indian equity market in the month of March.

RIM looks to boost India sales

Posted: 31 Mar 2012 11:36 PM PDT

BlackBerry maker Research in Motion is now looking at CDMA devices to boost its sales in the country and is re-launching its Curve 8530 model at about 12 per cent lower price of Rs 11,990.


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