Thursday, September 20, 2012

Can pay tax if interest, penalty waived: Vodafone

Can pay tax if interest, penalty waived: Vodafone


Can pay tax if interest, penalty waived: Vodafone

Posted: 20 Sep 2012 06:09 PM PDT

After his meeting with various officials of the tax department, Singh told reporters that Vodafone was willing to discuss the tax issue with the government and did not want to get into any controversy.


Mahindra is Maruti of SUV segment: Goenka

Posted: 20 Sep 2012 06:08 PM PDT

The boom in demand for SUVs is going to get even stronger as Mahindra & Mahindra, the top utility vehicle maker, lowered the threshold for owning one.


Coal India under CCI scanner

Posted: 20 Sep 2012 05:26 PM PDT

The Competition Commission of India (CCI) has started an investigation against Coal India (CIL) for allegedly adopting unfair trade practices and misusing its dominant position while supplying coal.


Diesel rollback to hit subsidy matrix: Moody's

Posted: 20 Sep 2012 05:24 PM PDT

Moody's Investor Services on Thursday said that if the government rolls back part of the diesel price hike as demanded by some of its key allies and political parties, the decline in subsidies would be smaller.


PM against curbs on FDI in pharma

Posted: 20 Sep 2012 01:57 PM PDT

Prime Minister Manmohan Singh may just have signalled his willingness to keep the doors open for large pharma players to run their business in India.


BSNL launches landline phones with video call facility

Posted: 20 Sep 2012 07:06 AM PDT

State-run BSNL, in partnership with SIS Infosystems, today launched telephones with video calling facility which will primarily be used to set up public Video Call Offices by replacing many of the PCOs.


Moody's cautions govt against roll back of diesel price

Posted: 20 Sep 2012 06:28 AM PDT

Moody's said the price hike would lower government's subsidy burden by Rs 20,000 crore in the current fiscal to an estimated Rs 1.7 lakh crore.


Sensex closes down 147 points

Posted: 20 Sep 2012 05:34 AM PDT

The Sensex suffered fortnight's biggest fall of 147 points as investors adopted a cautious stance amid political uncertainty casting a shadow on the government's new reformist measures like FDI in retail.


Rupee down 37 paise against dollar

Posted: 20 Sep 2012 05:30 AM PDT

The rupee depreciated by a hefty 37 paise to close at nearly one-week low of 54.38 on fresh dollar demand from importers.


Strike estimated to cause economic loss of over $2bn

Posted: 20 Sep 2012 04:24 AM PDT

The nationwide strike against the government decision to allow FDI in multi-brand retail and hike diesel prices is estimated to cause losses of Rs.12,500 crore to the Indian economy, the Confederation of Indian Industry said on Thursday.


Sensex falls on political uncertainty, weak Asian cues

Posted: 20 Sep 2012 03:59 AM PDT

Indian equities markets' benchmark indices fell on Thursday due to political uncertainties arising out of the government's decision to hike diesel prices and allow overseas investments in multi-brand retail and weak cues from other Asian markets.


Mahindra launches mini SUV Quanto

Posted: 20 Sep 2012 01:31 AM PDT

Mahindra & Mahindra, India's biggest utility vehicle maker, plans to export Quanto, its first mini SUV, to Europe and South Africa, said Pravin Shah, chief executive of its automotive division.


Mahindra plans to export new SUV to Europe, South Africa

Posted: 20 Sep 2012 01:31 AM PDT

Mahindra & Mahindra, India's biggest utility vehicle maker, plans to export Quanto, its first mini SUV, to Europe and South Africa, said Pravin Shah, chief executive of its automotive division.


Bank of America to cut 16,000 jobs: Report

Posted: 20 Sep 2012 12:33 AM PDT

Bank of America plans to cut 16,000 jobs as part of a major restructuring plan by the end of 2012, when it would no longer be the largest US banking employer, the Wall Street Journal reported on Thursday.


Sensex erases some initial losses; still down

Posted: 19 Sep 2012 10:53 PM PDT

The BSE benchmark sensex recovered some of its initial losses but still down by 106 points on Thursday due to persistent selling pressure in view of political crisis.


Rupee falls on worries over government's fate

Posted: 19 Sep 2012 10:34 PM PDT

The rupee fell to its lowest in nearly a week on Thursday as a key ally of the country's ruling coalition withdrew its support, raising worries the government may roll back key reforms such as the hike in diesel prices.


Sensex down 204pts in early trade on political crisis

Posted: 19 Sep 2012 10:05 PM PDT

The BSE benchmark sensex today fell by over 204 points in early trade as funds and retail investors trimmed positions due to political crisis following Trinamool Congress, a key UPA ally, decision to withdraw its support to the government.


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