Moneycontrol News Archive

Fringe Benefit Tax may be scrapped: Sources 

27th May, 2009 23:12

Here is a reason to cheer. Soon you may not have to pay Fringe Benefit Tax. Finance Ministry sources say that Fringe Benefit Tax is not contributing significantly

Sectoral interest appeased via Cabinet expansion: Sardesai 

27th May, 2009 22:42

Speaking on whether political compulsions crippled the Cabinet, Rajdeep Sardesai, Editor-in-Chief, CNN-IBN, feels one should not get carried away by the numbers as

No FDI concerns in Bharti-MTN deal: An analysis 

27th May, 2009 21:25

The Bharti-MTN deal is a complex structure. However, Bharti-MTN dealmakers say raising funds for the transaction is no issue at all. They add that debt funding of

Will Kamal Nath get Commerce Ministry this time? 

27th May, 2009 20:48

Kamal Nath has been a high profile minister of Commerce and Industry, and has made a name for himself as a tough trade negotiator. But he may not return to Udyog B

SCI scouts second-hand ship market to upgrade fleet 

27th May, 2009 20:17

After a 10-year hiatus, the country's largest shipping company Shipping Corporation of India (SCI), is back in the second-hand ship market and is looking to take a

MTN's minority shareholders oppose deal with Bharti 

27th May, 2009 19:34

Bharti might get an all clear on the regulatory and funding front but there's some opposition to the deal from MTN minority shareholders and possibly from trade un

Is DE Shaw staying put in DLF Assets? 

27th May, 2009 19:28

DE Shaw is reconsidering exiting investment in DLF Assets (DAL), reports CNBC-TV18, quoting sources .DE Shaw’s put option to sell stake to DAL lapsed on May 22. Ra

Cabinet expansion: What's the actual problem?  

27th May, 2009 19:14

After the second round of cabinet swearing in was postponed leaving 13 ministers for a fourth day without portfolios and the government itself woefully incompletel

Buy PNB, target of Rs 747: Angel Broking

27th May, 2009 18:34

Angel Broking has maintained its buy rating on Punjab National Bank with a target price of Rs 747. At CMP, the stock is trading at 5.3x FY2011E EPS of Rs1 20.5 and

FIIs net sell of Rs 81.90 cr in equities on May 26

27th May, 2009 17:37

On May 26, 2009, foreign institutional investors (FIIs) were net sellers to the tune of Rs 81.90 crore in equities. They made gross purchase of Rs 2,323.10 crore a

Jindal Steel FY09 cons PAT up 141% to Rs 3007.15 cr

27th May, 2009 17:25

Jindal Steel and Power has declared its Q4 and FY09 numbers. Its FY09 consolidated net profit after tax (PAT) went up by 141% to Rs 3,007.15 crore from Rs 1,249.59

Rupee ends higher, bonds lower 

27th May, 2009 17:17

The rupee snapped a two-day fall against the USD today, in line with Asian currencies that rose against the greenback. The rise in local shares also aided sentimen

Anu's Labs plans bonus issue, may raise capital 

27th May, 2009 17:12

K Haribabu, Managing Director, Anus Laboratories said the board is considering another bonus issue. According to him, the company may raise capital to fund its exp

Instanex FII Index up 3.30%

27th May, 2009 17:09

At close, the Instanex FII Index was up 3.30% at 301.67 (+3.11% at 3 pm) and the Instanex DII 15 Portfolio stronger by 3.55% (+3.34% at 3 pm), indicating that neit

Shashi Tharoor: The man with many hats 

27th May, 2009 16:48

On CNBC-TV18’s special show Beautiful People we have an author, peace-keeper and a human rights activist. He is the former UN undersecretary general for Communicat