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Kashmir releases Rs 200 crore more to restore infrastructure

Sep 17, 2014 at 08:37 | Source: FirstPost

Jammu: The Jammu and Kashmir government on Tuesday released Rs 100 crore each for the administrations in the Kashmir valley and the Jammu region for temporary restoration of infrastructure following the massive floods."The state government today...

Which country has the highest tax rate?

Sep 17, 2014 at 03:37 | Source: BBC

In which countries do high earners pay the most tax? And where do average earners pay the most? Income tax has been a political hot potato for decades. In 1966 The Beatles released their song Taxman as a protest against the 95% supertax rate introduc...

Uber service 'banned' in Germany by Frankfurt court

Sep 17, 2014 at 03:37 | Source: BBC

Car pick-up service Uber has had one of its services banned across Germany. A court in Frankfurt ruled that the firm lacked the necessary legal permits to operate under German law. It has emerged that the firm was told last week that its low-cost Ube...

Asos shares fall 14% on poor outlook

Sep 16, 2014 at 13:07 | Source: BBC

Shares in online fashion firm Asos have fallen 14% in early trading after it downgraded its profit forecast for the coming financial year. The retailer said it expected profits for the 12 months to August 2015 to be at a similar level to the year rec...

Cognizant in $2.7bn US buy

Sep 16, 2014 at 11:47 | Source: Calcutta Telegraph News

Calcutta, Sept. 15: Cognizant struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London-based p...

Mastek rejig creates new listed entity

Sep 16, 2014 at 11:47 | Source: Calcutta Telegraph News

Mumbai, Sept. 15: Mid-sized IT services company Mastek today announced the demerger of its insurance products and services business into a new listed company. The shareholders of Mastek will get one equity share of the new entity — Majesco Ltd...

ET 500: Five Nifty stocks will lead stock market rally from the front

Sep 16, 2014 at 11:47 | Source: Economic Times

Indian equity markets are scaling fresh highs as investors are pouring in funds once again. After a prolonged consolidation, Nifty has been rising to new highs. Experts believe the rally is likely to continue for the next three years. Here is a look ...

Dalal Street gears up for new share sales worth Rs 2 lakh crore

Sep 16, 2014 at 11:47 | Source: Economic Times

MUMBAI: The primary market is likely to witness a deluge of fresh paper worth over Rs 2 lakh crore within the next year as the government looks to trim stakes in its companies and private firms aim to raise fresh capital. But, sceptics are not sure w...

Cognizant-TriZetto deal raises hope of similar deals at home

Sep 16, 2014 at 05:26 | Source: Economic Times

BANGALORE: Cognizant's $2.7 billion deal to acquire healthcare IT services provider TriZetto has raised hopes of similar transactions in the sector at home. Analysts and industry players believe that growing healthcare spending in the US, after Presi...

Sinopec sells stake in retail arm for $17.5bn

Sep 15, 2014 at 18:32 | Source: BBC

China's largest refiner Sinopec has struck a deal with 25 local and foreign investors, to sell a 30% stake in its retail arm. The retail unit will be issuing new shares to the group of 25 investors, which are mostly financial companies like insu...

Dell prepares tech pill for patients

Sep 15, 2014 at 07:52 | Source: Calcutta Telegraph News

Calcutta, Sept. 14: Dell Services is looking to tap the healthcare segment in India and other emerging markets. Besides India, the company is targeting Australia, China, West Asia and Latin America. Dell offers solutions to doctors, hospitals and di...

Scotland's vote for independence could mean a messy divorce

Sep 14, 2014 at 14:56 | Source: FirstPost

London: How do you divorce after a 300-year union? It's complicated, and there is a deadline. If Scots vote yes to separation on Thursday, a clock starts ticking down to March 24, 2016 the independence day declared by the Scottish government.The Bri...

LIC investment in equity market to cross Rs 55,000 crore in FY'15

Sep 14, 2014 at 12:02 | Source: Economic Times

NEW DELHI: Country's largest insurer LIC has lined up over Rs 55,000 crore for investment in the equity market in the current fiscal, a part of which will be used for picking up stakes in PSUs during the disinvestment process. "We will invest a tota...

Kudumbashree: Kerala's all-women Rs 2,262 crore savings group finances microenterprises of members

Sep 14, 2014 at 12:02 | Source: Economic Times

In 2007, Bindu Pallichal, a homemaker from the Pravachambalam village near Thiruvananthapuram, decided to turn entrepreneur. She began to experiment with ayurvedic oils and cosmetics because she knew Sanskrit (the oldest known ayurvedic texts were wr...

Insurance companies mull staying away from nine hotbeds of fraudsters

Sep 13, 2014 at 10:57 | Source: Economic Times

MUMBAI: Less than a fortnight ago, senior officials who have the last word on claims settled by private life insurance companies, met in Mumbai to discuss a menace they could no longer ignore. Almost every month, fraudsters have been popping up in sm...

Barclays Bank names McFarlane as new chairman

Sep 12, 2014 at 17:37 | Source: BBC

The non-executive chairman of insurance giant Aviva will become the chairman of Barclays Bank from April next year. John McFarlane will step down as chairman of the UK's biggest insurance company in April 2015. He will be replaced at Aviva by fo...

EBay to launch an in-app mobile ad network in fourth quarter

Sep 12, 2014 at 11:10 | Source: Economic Times

SAN FRANCISCO: EBay Inc will begin running advertisements on its mobile app in the fourth quarter, moving the e-commerce company into the fast-growing and lucrative market for ads on devices such as smart phones and tablets. EBay's users spend 150 m...

Budget below market expectations, but good for economy from long-term perspective

Sep 12, 2014 at 05:17 | Source: Economic Times

By Anil Rego The Budget for 2014-15 took a practical approach to the issues plaguing the country, with a focus on fiscal consolidation, social sector, and boosting the infrastructure sector, among other things. There have not been any expected 'big b...

How important is the financial sector to Scotland's economy?

Sep 11, 2014 at 23:12 | Source: BBC

Scotland has a long, rich history in the financial sector. Royal Bank of Scotland has been based there for nearly 300 years, while money manager Standard Life has had its headquarters in Scotland for 189 years. But several Scottish-based financial in...

Scottish independence: RBS confirms London HQ move if Scotland votes 'Yes'

Sep 11, 2014 at 17:52 | Source: BBC

Royal Bank of Scotland has confirmed it will relocate its registered headquarters to London if Scotland votes for independence next week. The bank said in a statement that it believed it would be necessary to re-domicile the bank's holding compa...

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