Monday, September 17, 2012

Vodafone mulls $2.2bn tax provision

Vodafone mulls $2.2bn tax provision

Vodafone mulls $2.2bn tax provision

Posted: 17 Sep 2012 05:16 PM PDT

odafone Group, which has resisted setting aside money for a $2.2 billion tax bill in India, may make a provision to cover the legal risks, chief financial officer Andy Halford said in an interview.

Fitch sees execution risk to India's reform plans

Posted: 17 Sep 2012 05:11 PM PDT

In a major reforms push, the government on Friday unveiled a slew of measures, including opening up the multi-brand retail sector to foreign retailers such as Wal-Mart, Tesco and Carrefour.

Bayer's plea for stay on Nexavar licence to Natco rejected

Posted: 17 Sep 2012 05:09 PM PDT

The Intellectual Property Appellate Board (IPAB) has dismissed Bayer's request for a stay on the compulsory licence (CL) granted by the Patent Controller to Natco on cancer drug Nexavar earlier this year.

Retail, airlines stocks continue to rally

Posted: 17 Sep 2012 04:55 PM PDT

The government's Friday evening decision to have a liberal foreign direct investment policy in retail and aviation led to sharp rallies in most of the stocks from these two sectors.

Hyundai spares arm fires 300 for joining union

Posted: 17 Sep 2012 04:52 PM PDT

The uneasy relationship between auto companies and contract workers has re-surfaced, this time in the industrial corridors of Sriperumbudur, near Chennai.

Companies say 'we care' with fertility leave

Posted: 17 Sep 2012 04:48 PM PDT

Fertility, or the lack of it, is now a human resource management issue as well.So are childcare, and other household and personal matters that could increase stress levels of employees.

Diesel will power car sales despite hike

Posted: 17 Sep 2012 04:46 PM PDT

Will the Rs 5 hike in diesel prices reduce the charm of diesel cars for buyers? Not really, because the running cost of a diesel car vis-a-vis a petrol one is significantly lower even at the new price levels.

Sensex to hit 23,000 mark in 2013: Morgan Stanley

Posted: 17 Sep 2012 06:04 AM PDT

Investment bank Morgan Stanley on Monday set a new target of 23,069 points by the end of December 2013 for the 30-share index BSE Sensex. The new target implies an index trading at 14.9 times estimated 2014 earnings.

Rupee at 4-month high of 54.01

Posted: 17 Sep 2012 05:56 AM PDT

Tracking stock market movements, the rupee today surged to 53.66 a dollar on robust capital inflows but pared some gains to close at 54.01 -- still 29 paise higher -- amid Reserve Bank of India infusing Rs 17,000 crore into system by way of a cut in Cash Reserve Ratio.

Sensex up for 9th day, gains 78 points

Posted: 17 Sep 2012 04:07 AM PDT

Rising for ninth straight day, the Sensex today gained 78 points climbing a fresh 14 month high on buying in capital goods, banks and power shares with RBI cutting cash reserve ratio by 0.25 per cent after government last week opted for big-bang economic reforms.

Tata Motors group August sales up 13%

Posted: 17 Sep 2012 03:25 AM PDT

Automobile major Tata Motors Group on Monday reported an increase of 13 per cent in its global sales in August which stood at 97,225 units.

More steps in offing to boost growth: FM

Posted: 17 Sep 2012 01:21 AM PDT

"I am not disappointed with the RBI policy. Mid quarter review by RBI is encouraging and supportive. RBI is slated to take more decisions," Chidambaram said.

RBI cuts CRR, releases Rs 17,000 cr liquidity

Posted: 16 Sep 2012 11:12 PM PDT

RBI kept key lending rates unchanged in view of high inflation while stating that CRR cut would ensure adequate flow of credit to productive sectors.
Posted by Harshad at 9:54 PM

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