Thursday, April 5, 2012

Asian oil markets closed

Asian oil markets closed

Asian oil markets closed

Posted: 05 Apr 2012 08:30 PM PDT

Crude oil markets in Singapore are closed on Friday.

UK did an India in 2008 to levy retro tax

Posted: 05 Apr 2012 05:48 PM PDT

The UK has done what India proposes to do — a retrospective amendment to the Income Tax Act to levy capital gains tax on offshore deals like Vodafone.

EPF may earn 8.6% from this fiscal

Posted: 05 Apr 2012 12:26 PM PDT

There may be good news for Employees' Provident Fund Organisation (EPFO) subscribers soon. The EPF scheme may fetch 8.6% interest from 2012-13 if the Central Board of Trustees (CBT) of the fund agrees to raise the rate.

India Inc to post modest growth in Q4

Posted: 05 Apr 2012 12:16 PM PDT

With slowing demand, amid an uncertain environment, and high interest rates continuing to affect performance, India Inc is expected to post only a moderate growth in earnings for the last quarter of fiscal 2011-12.

BMW drives MINI into India at Rs 25.5-36L

Posted: 05 Apr 2012 12:14 PM PDT

BMW drove its iconic MINI brand to India on Thursday, and the small but premium car will cost between Rs 25.5 lakh and Rs 35.9 lakh, ex-showroom.

UK did an India in 2008 to levy retro tax

Posted: 05 Apr 2012 12:04 PM PDT

The UK has done what India proposes to do — a retrospective amendment to the Income Tax Act to levy capital gains tax on offshore deals like Vodafone, despite the Supreme Court absolving the London-based telecom multinational of the Rs 11,000-crore tax liability.

24 states raise power tariffs in 18 months

Posted: 05 Apr 2012 06:04 AM PDT

Faced with deteriorating health of power distribution companies, as many as 24 states have revised their electricity tariffs in the past 18 months, according to a report.

US unemployment claims hit 4-year low

Posted: 05 Apr 2012 05:51 AM PDT

The number of people seeking U.S. unemployment benefits fell to a four-year low last week, as layoffs slow and the job market strengthens.

Bank of England keeps interest rate at record low

Posted: 05 Apr 2012 05:33 AM PDT

The Bank of England on Thursday voted to keep its key interest rate at a record-low 0.50 per cent and to maintain its economic stimulus programme amid mixed signals for the British economy.

Car exports may decline this fiscal: Maruti Suzuki

Posted: 05 Apr 2012 03:19 AM PDT

The country's largest carmaker Maruti Suzuki India on Thursday said its exports in the ongoing fiscal may decline as global markets continue to be sluggish.

Govt to soon take decision on FDI in aviation

Posted: 05 Apr 2012 02:58 AM PDT

The Government has said it will "very soon" take a decision on the issue of allowing foreign airlines to pick up stake in the Indian carriers.

Govt to tighten customs laws to check duty evasion

Posted: 05 Apr 2012 02:22 AM PDT

For offences which are punishable with imprisonment for 3 years or more under the Customs Act, the person will have to move the court or magistrate for bail, as per the Budget proposal.

Oil rises above $102 in Asia after sell-off

Posted: 05 Apr 2012 01:55 AM PDT

Oil prices rose above $102 a barrel on Thursday in Asia, rebounding from a two-day sell-off fueled by a jump in US crude supplies and speculation the Federal Reserve won't implement another round of monetary stimulus to boost economic growth.

Asian shares fall over Europe debt worries

Posted: 04 Apr 2012 09:43 PM PDT

Asian shares fell on Thursday after a weak Spanish bond sale heightened concerns about funding difficulties for weaker euro zone countries, further undermining sentiment hurt by fading expectations of more stimulus from the US Federal Reserve.

Oil recovers in Asian trade

Posted: 04 Apr 2012 09:33 PM PDT

Oil recovered in Asian trade on Thursday after sharp overnight losses triggered by a larger-than-expected jump in US crude stocks, analysts said.
Posted by Harshad at 9:13 PM

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