Friday, August 31, 2012

Govt bid to avoid MNC tax row

Govt bid to avoid MNC tax row


Govt bid to avoid MNC tax row

Posted: 31 Aug 2012 05:31 PM PDT

The government on Friday announced advance pricing agreements (APA) for transfer pricing, a move aimed at avoiding tax disputes with multinationals which enter into transactions with their Indian affiliates.


JSW Steel set to merge JSW Ispat with itself

Posted: 31 Aug 2012 05:29 PM PDT

The share-swap ratio is expected to be 1:65 to 1:75 meaning shareholders of JSW Ispat are expected to get one share of JSW Steel for every 65 to 75 shares of JSW Ispat held by them.


Better LIC returns for online purchase

Posted: 31 Aug 2012 05:27 PM PDT

Life Insurance Corporation of India (LIC) has made available online its immediate annuity plan offering a 1% higher return for online purchases.


Sahara lashes out at regulators

Posted: 31 Aug 2012 05:23 PM PDT

It also emphasized that in the last 33 years, there hasn't been a single complaint of non-payment against the company and that it has paid around Rs 1,40,000 crore to about 12 crore investors.


SC gives Sebi full powers to probe refund documents

Posted: 31 Aug 2012 05:22 PM PDT

The Supreme Court on Friday indicted two Sahara group companies for bypassing Sebi regulations in floating OFCDs.


Rupee closes 11 paise up against dollar

Posted: 31 Aug 2012 07:12 AM PDT

The rupee on Friday rebounded from early lows to close at 55.52, up 11 paise, against US dollar on the back of capital inflows, amid a weak trend in the American currency in overseas markets.


Sensex falls; GDP dashes rate cut hopes

Posted: 31 Aug 2012 05:46 AM PDT

The Sensex fell on Friday as lenders such as ICICI Bank were hit after stronger-than-expected GDP data for April-June dashed hopes for rate cuts next month, while Reliance Industries fell after Citigroup downgraded the stock.


Sensex tanks 132 points; metal, realty stocks down

Posted: 31 Aug 2012 02:44 AM PDT

Sensex was trading 132 points lower in late afternoon trade on Friday as fresh data showed GDP grew at a much lower pace of 5.5 per cent in the first quarter of the current fiscal.


India GDP at 5.5% in April-June quarter

Posted: 30 Aug 2012 11:14 PM PDT

India's economy grew at a higher-than-expected 5.5 percent in the quarter ending June, against analysts' forecast of 5.3 percent, government data showed on Friday.


Tiny US town focus of world markets today

Posted: 30 Aug 2012 09:59 PM PDT

Every August, the world's financial markets shift their attention from the centers of global commerce - New York, London, Tokyo - to a mountain valley in northwest Wyoming.


Rupee falls by 9 paise against dollar

Posted: 30 Aug 2012 09:37 PM PDT

The rupee declined by 9 paise to 55.72 against the dollar in early trade today at the Interbank Foreign Exchange on increased demand from oil importers for the American currency.


Sensex falls 71 points ahead of GDP data

Posted: 30 Aug 2012 09:34 PM PDT

The BSE benchmark Sensex fell by over 71 points in early trade today on fresh selling by funds ahead of first quarter GDP data.


A month after Chidambaram's entry, finmin reboots

Posted: 30 Aug 2012 11:48 AM PDT

For the past 30 days, there has hardly been a dull moment in the finance ministry with P Chidambaram keeping officers more than busy with a long list of "things to do".

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