The Mobile Store to offer EMI option through debit cards
Jun 15, 2013 at 05:36 | Source:
KOLKATA: Equated Monthly Installment (EMI) payment option, which has emerged as the biggest consumer promotion bait for high-end phones and several other products, will soon be available on debit cards, thanks to a technology being co-developed by Th...
Six private, PSU firms keen to buy Haldia Petrochem stake
Jun 11, 2013 at 15:47 | Source:
At least six major private and state-owned companies are vying for the West Bengal government's 31-per cent stake in the beleaguered Haldia Petrochemicals Ltd, despite its mounting losses and a protracted legal battle. Among those who have submitted...
Forex loans that are not hedged will bite companies due to rupee fall
Jun 11, 2013 at 06:46 | Source:
MUMBAI: Many Indian companies with sizeable forex loan exposure and no recourse to hedges could end up making provisions in the first quarter ending June 30 as the rupee's slide eats into profitability. Power generating companies, cement makers and t...
NMDC in mining pact with Zimbabwe's Mosi Oa
Jun 10, 2013 at 17:07 | Source:
The National Mineral Development Corp Ltd (NMDC) said today that it has signed a memorandum of understanding (MoU) with Mosi Oa Tunya Development Company of Zimbabwe for the development of mineral assets in the southern African nation. Mosi Oa, Zimb...
Attrition in India to top world charts in 2013
Jun 07, 2013 at 05:31 | Source:
KOLKATA: One in four employees in the organised sector in India is set to switch jobs, the highest attrition rate globally, according to a Hay Group study. The series of fresh investments planned across sectors could raise demand for talent even as e...
Essar Oil to dollarise Rs11K crore debt
Jun 06, 2013 at 09:20 | Source:
After having successfully walked out of corporate debt restructuring (CDR) and stabilised its refinery, Essar Oil, the flagship oil and gas arm of the Essar group, is planning to convert Rs11,000 crore of rupee debt into dollars within six months. T...
Cabinet approves conciliation in $2 bn Vodafone tax row
Jun 04, 2013 at 23:57 | Source:
The union cabinet today approved a proposal to start conciliation process in the dispute involving $2 billion tax liability of Vodafone Group Plc, stemming from its 2007 acquisition of mobile phone assets of Hutchison Whampoa in India. The income ta...
2G case: CBI opposes Sunil Bharti Mittal, Ravi Ruia pleas
May 30, 2013 at 16:32 | Source:
Relying on the legal authority and the careful scrutiny of evidence by the trial court judge, the CBI has urged the Supreme Court not to interfere with the coercive orders against Sunil Bharti Mittal, CMD of Bharti Airtel, and Essar Group promoter R...
Essar Steel net loss widens to Rs 2,784.94 cr in FY13
May 29, 2013 at 23:12 | Source:
The Hindu BusinessLine
New Delhi, May 29: Essar Steel’s net loss has more than doubled in the last fiscal to Rs 2,784.94 crore as its performance was impacted by host of reasons including lower sales and rise in interest payments. The flagship firm of Essar group ha...
2G case: CBI opposes pleas of Sunil Mittal, Ravi Ruia
May 29, 2013 at 22:31 | Source:
The CBI on Wednesday pleaded with the Supreme Court not to quash the trial court's order making Bharti Cellular Ltd CMD Sunil Mittal and Essar group promoter Ravi Ruia as accused in the additional 2G spectrum allocation scam during NDA's tenure.The ...
A safe harbour
May 25, 2013 at 00:22 | Source:
The Hindu BusinessLine
Gujarat, the country’s largest maritime State, already has 40 minor and intermediate ports that handle 26 per cent of total national cargo. Over the next few years, the State will get many more ports. Port builders are competing with one anoth...
Gujarat Maritime Board plans road show for dredging project
May 24, 2013 at 03:22 | Source:
The Hindu BusinessLine
Mumbai, May 23: Gujarat Maritime Board (GMB) plans a road show shortly to attract more bidders for its dredging project in the Gulf of Khambhat. The project, estimated to cost Rs 115 crore, is part of the ro-ro ferry service linking Ghogha in Bhavna...
India Inc trying to get proactive in handling sexual harassment cases
May 22, 2013 at 08:06 | Source:
MUMBAI/BANGALORE/NEW DELHI: For 100,000 employees in the group, ICICI gets 60-odd sexual harassment complaints in a year. Of this, 30-40% are found to be true. India's second-largest bank by assets does not insist on absolute proof when it comes to ...
Li Keqiang's visit: With wary eye on US, China courts India
May 22, 2013 at 07:40 | Source:
New Delhi: Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office....
With wary eye on the US, China courts India
May 22, 2013 at 04:01 | Source:
NEW DELHI: Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office...
Free trade pact on China lips
May 22, 2013 at 03:47 | Source:
Calcutta Telegraph News
New Delhi, May 21: China is keen to start talks on a free trade pact with India and has offered greater market access to narrow down a ballooning trade deficit. “We also understand India’s concerns about trade deficit. China never has th...
With wary eye on the U.S., China courts India
May 22, 2013 at 03:30 | Source:
NEW DELHI (Reuters) - Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since tak...